Petrochemicals play a vital role in economic development and growth. The growth of the petrochemicals industry is closely linked to growth of the global economy. Global petrochemicals industry is currently growing at 1.2 - 1.3 times the global GDP growth. Petrochemicals are broadly categorized into building blocks, plastics, synthetic rubbers, synthetic fibers, fiber intermediates and basic chemicals. Sectors such as agriculture, housing, automobiles, textile, health-care, infrastructure and consumer goods use a variety of petrochemical products for their versatility, cost efficiency and affordability.
Petrochemicals use Naphtha or natural gas as raw material or feedstock. Olefin (ethylene / ethene, propylene / propene and butadiene) rich Naphtha is cracked (a process where naphtha is heated in the presence of water vapor and the absence of oxygen or air until the longer hydrocarbon molecules break apart into smaller hydrocarbon chains) to produce Ethylene, Propylene and Butadiene, popularly known as C2, C3 & C4 streams. Aromatic rich Naphtha is preferred to produce Benzene, Toluene and Xylene, popularly known as C6, C7 & C8 streams. Associated gases are a rich source of Methanol i.e. C1. These materials i.e. C1 to C8 are the basic building blocks for a host of polymers which are used to make day to day consumer and industrial products.
Polyethylene, Polypropylene and Polyvinyl Chloride are the most traded polymers globally in terms of volumes. Ethylene and Propylene are the two major building blocks for polymers. While Ethylene is derived from Naphtha or Gas Crackers, Propylene is derived as a co-product from Naphtha Cracker and from Refinery streams.
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Table of Contents
Chapter 1 Introduction
Indian Polyethylene market dynamics
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