Our latest MOST A&I (Market-Oriented Strategic Trade Analysis and Intelligence) report once again leverages machine learning augmented by our polyolefin domain expertise to deliver detailed insights into the Indian polypropylene (PP) market. Key findings include:
ExxonMobil Chemical, Borouge, and LyondellBasell Industries were the three leading suppliers by volume in 2021, with import market shares ranging from around 13 to 22%. Including supply from parent companies and their joint ventures, combined market share of the three groups is 56.6%.
The second tier comprising regional PP players command market shares of just 2.6–4.2%. Oman’s OQ, Chevron Phillips Chemical affiliate Saudi Polymers, and China’s Shenhua are among these players.
Over 57% of imports in 2021 were homopolymer.
These findings suggest that there is ample scope for Tier II PP suppliers to expand their market shares in India given the considerable gap between them and Tier I players.
MLT Analytics’ MOST A&I reports are enablers in unlocking market potential at the grade and application level, allowing your company to expand business in key polyolefin importing market. Contact us for our latest brochure and a demo of our powerful and interactive online dashboard (pictured above).