Plastic Industries Project Reports

Plastic Industries Project Reports

Present  consumption of Engineering/performance plastics  is relatively low due to a high costs. However recent changes in the tariff  barrier  has resulted in lower costs and with  the  rapid growth  in the automotive and the domestic  appliances  industry, performance  plastics(viz.  ABS, SAN, NYLON, PMMA,  PET/PBT  Poly Carbonate, Poly Acetal, Polyphenylene oxide (PPO),  Polyphenylene Sulphide(PPS). etc.) are expected to grow at more than 20 %  over the next five years.

An upsurge in  the  "Disposable   income"   and   higher expectations of the consumer in terms of quality makes the use of engineering  plastics imperative. This is one area which will  be of  interest  to international companies to develop in  the  near future.

The   total consumption  of  the  five   major   thermoset polymers(viz.  PF, UF, MF, EPOXY & PU) during 1999 was  about  70 KT. The growth in the phenolics and epoxy consumption in areas of electronic/electrical appliances, laminates and power coating  is expected to be 9-10 % p.a over the next decade.

To  meet this fast -expanding market and to  make  available the  necessary  end-products from polymers, India already has  a
strong,   well   developed  processing   sector   with   capacity outstripping demand. There are many small processors who cater to low  volume, low cost  items and large  sophisticated  processors catering to high volume business.
The fast growing Indian processing sector has a  place  for all  processing  techniques  and is  geared  to  produce  plastic products  of international quality. The basic  infrastructure of the sector, with a mix of imported and indigenous machinery, an cater to the world market.

India has a large  pool of trained technical and  managerial manpower. This, supplemented with abundant skilled and  unskilled labour  at  low  cost,  presents  an  ideal  ground  for  foreign investment in the processing sector to cater to global needs.