The Indian Chemical and Petrochemical Manufacturers Association said in a report last week that in the fiscal year 2018~2019, the growth rate of styrene monomer demand in India is estimated to reach 5%, as consumption in the country is increasing.
In a report submitted by the Association at the Asian Petrochemical Congress (APIC) in 2018, the demand for styrene in the Indian plastics market has continued to grow over the past few years. CPMA noted that demand for styrene monomer in India is severe due to limited domestic production. Relying on imported products, global market prices and currency fluctuations are the main constraints of the Indian styrene market. Styrene monomer is mainly used to produce polystyrene, etc. Its terminal consumption areas mainly include automobiles, packaging, construction, consumer goods, medical equipment. industry.