India demand for olefins will increase at CAGR of 4.85% during 2018-2040, reaching 31.9 MMtpa by 2040. The contribution of India in Asia-Pacific olefins demand will increase by 3.8% during 2018 - 2040.
India Olefins Demand through (2018-2040)
The demand for olefins in India will be mainly driven by ethylene which is projected to increase at CAGR 4.87% CAGR from 2018-2040. Approximately 82.4% of ethylene is consumed by HDPE, LLDPE, LDPE among which LLDPE is major consumer for ethylene in India sharing 40% in 2018 which will increase to 46.1% by 2040.
India Ethylene Demand through (2018-2040)
A total of 3.7 MMtpa of ethylene is announced to be added till 2025, however the supply demand gap in India will keep the region dependent on olefins imports in the forecast period, 2018-2040.