Summary:

India’s petrochemical demand will remain strong in 2025, driven by rising needs for EV components, solar panels, and household appliances. Industry leaders highlight robust local demand in propylene, steady automobile sector growth, and a recovery in white goods consumption, positioning India as a bright spot amid global supply-demand imbalances.

Global petrochemical margins may stay weak due to sluggish Chinese demand and oversupply from new plants. The industry awaits China’s incentive plan, which could boost margins. Indian refiners benefit from in-house feedstock production, with Rs. 7.54 lakh crore investments planned to meet rising demand, pushing sector growth to $300 billion by 2025.

Source: IBEF

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