India Petrochemical Sector Dashboard
India's petrochemical sector has shown robust growth, with total production of major petrochemicals growing from 15,670 thousand MT in 2017-18 to 20,643 thousand MT in 2024-25 (CAGR 4.0%). Polymers dominate the sector, accounting for 64.8% of total production in 2024-25. Capacity utilization has been strong, reaching 95.4% in 2024-25, indicating efficient use of installed capacity. However, exports have declined at a CAGR of -8.2%, while imports have remained relatively stable, highlighting growing domestic demand. Synthetic fibres and performance plastics have shown mixed performance, with the latter benefiting from strong PET chips demand. The sector is poised for further growth with increasing downstream applications in packaging, textiles, and construction.