India’s industrial landscape is currently undergoing a significant transformation with the rapid growth of polymer companies. This surge is powered by a thriving economy and an escalating demand for consumer goods. These polymer firms are emerging as influential players, not only in bolstering the nation’s economy but also in making a substantial mark on the real estate market. As India’s industrial and commercial needs evolve, there is a growing demand for suitable spaces to accommodate this growth.
In this article, we will delve into the top polymer companies in India, exploring their profound impact on the nation’s economy and the real estate industry.
See also:Â Top packers and movers companies in India
Business landscape in India
India’s business landscape is highly diverse, featuring prominent companies across various industries. Notable sectors include technology, with leaders like Infosys and Wipro offering global IT services. The financial services sector is robust, led by institutions such as HDFC Bank and ICICI Bank. Consumer goods giants like Hindustan Unilever and Procter & Gamble cater to a growing market. Manufacturing is thriving, with companies like Tata Motors and Hero MotoCorp producing automobiles and electronics. Infrastructure development is on the rise, driven by firms like Larsen & Toubro and Tata Power. Emerging sectors such as healthcare, education, and renewable energy offer substantial opportunities for businesses in India.
Read also:Â Top capital goods companies in India
Top 10 polymer companies in India
OPALÂ
Industry: Polymer
Location: Alkapuri, Vadodara – 390007
Founded in: 2017
OPAL is a dynamic private joint venture company operating a massive Petrochemical complex in Dahej, Gujarat. With the impressive capacity to produce 1100 KTPA Ethylene and 400 KTPA Propylene, it’s a partnership between industry giants like ONGC, GAIL, and GSPC. This facility includes 2X360 KTPA of LLDPE/HDPE Swing units, 1X340 KTPA of Dedicated HDPE, and 1×340 KTPA of PP, contributing significantly to the petrochemical landscape.
GAILÂ
Industry: Polymer
Location: R K Puram, New Delhi – 110066
Founded in: 1984
GAIL, headquartered in New Delhi, stands as India’s foremost natural gas processing and distribution company, proudly owned by the government. The Indian government’s substantial 56.10 per cent equity ownership underscores its importance. Operating within the authority of the Ministry of Petroleum and Natural Gas, GAIL’s petrochemical division is responsible for producing high-density polyethylene, linear low-density polyethylene, and polypropylene, boasting an impressive annual capacity of 210,000 million tonnes.
Haldia PetrochemicalsÂ
Industry: Polymer
Location: Bidhan Nagar, West Bengal – 700091
Founded in: 1985
Nestled in Haldia, Haldia Petrochemicals, a part of the TCG group under Purnendu Chatterjee, is a key player in the production of essential polymers, namely polypropylene and polyethylene. What sets this company apart is its remarkable capacity, capable of processing over 3,50,000 TPA of polymers and an astounding 10,00,000 TPA of ethylene. Among its star products are Linear Low-Density Polyethylene (LLDPE), High-Density Polyethylene (HDPE), and Polypropylene (PP).
Reliance Industries
Industry: Polymer
Location: Vadodara, Gujarat – 390020
Founded in: 1958
At the helm of polymer manufacturing in India, Reliance Industries is a colossal conglomerate. It boasts of being one of the world’s largest producers of polyester fibre and yarn. Additionally, it holds the distinction of being the foremost manufacturer of suspension-grade Polyvinyl Chloride (PVC). In the global context, Reliance ranks fourth in paraxylene production, fifth in polypropylene production, and seventh in Mono Ethylene Glycol and Purified Terephthalic Acid production. In a pivotal move back in 1980, Reliance Industries expanded its polyester yarn portfolio by inaugurating a Polyester Filament Yarn Plant in Patalganga, Raigad, Maharashtra.
LG PolymersÂ
Industry: Polymer
Location: RR Venkatapuram, Visakhapatnam – 530029
Founded in: 1996
Headquartered in Visakhapatnam, LG Polymers is at the forefront of polymer production. Specialising in a diverse range of polymers, including EPS Resin, HYPOL, and LGSTRENE, the company is celebrated for its wide array of offerings, encompassing coloured polystyrene, expandable polystyrene, and engineering plastics compounds.
Ravago Shah Polymers
Industry: Polymer
Location: Yeshwanthpur Suburb, Bangalore – 560022
Founded in: 2010
Ravago Shah Polymers is a collaboration between global polymer industry leader Ravago, based in Belgium, and India’s Shah Polymers. It specialises in distributing plastic resins and additives nationwide in India. Known for high-quality technical and commodity plastics, its focus on building long-term client relationships has fueled its exponential growth, serving essential industries like automotive, aerospace, and defence.
Indochem & Polymers
Industry: Polymer
Location: Goregaon (E), Mumbai – 400063
Founded in: 1988
Indochem & Polymers is a global trading and manufacturing company known for high-quality polymers and chemicals. Its reputation stems from delivering top-notch product quality, competitive pricing, and on-time deliveries. Partnering with renowned manufacturers, including Muntajat, Exxon, Dow, and more, ensures product excellence. Its advanced manufacturing facilities and dedicated R&D department drive consistent quality.
AVH Polychem
Industry: Polymer
Location: Valvada, Gujarat – 396105
Founded in: 2009
Founded in 2009, AVH Polychem is a Mumbai-based polymer manufacturer specialising in natural polymers. As an authorised dealer for LLDPE, HDPE, PPHP, and PPCP polymers by ONGC Petro Additions Limited (OPAL), it prioritises punctuality and safety. AVH Polychem serves various industries, emphasising high-quality raw materials and timely deliveries.
Ashapur Polyplast
Industry: Polymer
Location: Ramol, Ahmedabad – 380026
Founded in: 2015
Established in 2015, Ashapur Polyplast manufactures PP Granules and other plastic products. It sources premium-grade raw materials and ensures competitive pricing and timely deliveries. Backed by skilled professionals and stringent quality control, it maintains high standards in design, quality, and finish.
Jairam Plastics
Industry: Polymer
Location: Nagpur, Maharashtra – 440027
Founded in: 1989
Jairam Plastics is a reputable polymer manufacturer known for its high-quality granules. It offers a variety of nylon granules in different colours and grades, known for their precise composition and excellent properties. With a group of qualified professionals and rigorous quality inspections, it efficiently handles large orders while adhering to global quality standards.
Supreme Industries
Industry: Polymer
Location: Faridabad, Haryana, 121004
Founded in: 1942Â
Supreme Industry produces a diverse variety of polymer items and services. Some of its products comprise pipe, fittings, films, and packaging materials in segments such as manufacturing, packaging and automotive. The company is renowned for its dedication to quality, innovation and sustainability. They also offer customer support and bespoke services designed for the unique needs of the company’s clients.Â
Â
Astral Pipes
Industry: Polymer
Location: Ahmedabad, Gujarat – 382405
Founded in 1996Â
The excellent products of Astral Pipes stand as a testament to its dedication to quality. Mainly, they specialise in manufacturing high quality PVC and CPVC pipes and fittings for institutional and residential use. The company stands out due to its state of the art manufacturing units and a futuristic focus on development, which ensures the finest quality and long lasting products. They have a team of technical experts and a strict quality control system that ensures all their products are in line with global standards of perfection.
Â
NilkamalÂ
Industry: Polymer
Location: Mumbai, Maharashtra – 400051
Founded in: 1985Â
Nilkamal is a renowned company in India famous for its polymers and exceptional product line up, as well as outstanding commitment to quality. They have an impressive range of furniture, including material handling solutions and custom-moulded products, renowned for their robustness and ergonomic credentials. They work from the most modern setups across the country and maintain high standards of timeliness in production and delivery. Furthermore, Nilkamal Limited is committed to sustainability by using green technologies and techniques. Thus, their focus on quality, innovation and environment friendly practices has made them leaders in the Indian polymer industry.
Commercial real estate demand in IndiaÂ
Office space
Polymer companies in India are significantly influencing the demand for office space, driven by their expansion and leasing activities. These companies, essential for various industrial functions such as manufacturing and research and development, require substantial office space, particularly concentrated in major cities like Mumbai, Delhi, and Bengaluru. This heightened demand is reshaping the commercial real estate landscape in these urban hubs.
Rental property
In parallel, polymer companies are also catalysing increased demand for rental properties as they endeavour to provide housing for their workforce. This phenomenon is especially prominent in tier-II and tier-III cities, where affordable housing options are limited. To address this need, polymer companies are either constructing their housing complexes or collaborating with real estate developers to create new rental accommodations. This initiative is significantly impacting the rental property market, enhancing housing options for employees in these regions.
Impact
The burgeoning demand for office space and rental properties spurred by polymer companies is bringing a positive transformation to the Indian commercial real estate sector. This upswing in demand is driving investments into new construction projects and the redevelopment of existing properties, fostering growth in both the construction and real estate industries. Additionally, this trend is contributing to job creation within these sectors, further bolstering the economy.
Impact of polymer companies on India
Polymer companies have had a profound impact on India’s real estate landscape, significantly influencing local demand in several impactful ways. Their introduction of advanced polymer-based construction materials, prized for their superior durability and cost-effectiveness, has reshaped the industry. This innovation has empowered the construction of taller and more expansive buildings, subsequently amplifying the nation’s appetite for real estate. Collaborative efforts between polymer companies and real estate developers have given rise to polymer-driven housing complexes and commercial ventures, propelling job creation and invigorating the local economy. Furthermore, substantial investments in research and development have borne fruit in the form of innovative polymer-based products tailored for the real estate sector, including energy-efficient insulation solutions.
FAQs
What are the four basic polymer structures?
The four fundamental polymer structures are linear, branched, crosslinked and networked.
Which polymers have the highest demand in India?
In India, the most in-demand polymers are as follows: PP (Polypropylene) at 30% of total polymer demand, PVC (Polyvinyl Chloride) at 21%, HDPE (High-Density Polyethylene) at 18%, LLDPE (Linear Low-Density Polyethylene) at 12%, LDPE (Low-Density Polyethylene) at 4%, Engineering Plastics at 4%, EPS (Expanded Polystyrene) at 1%, GPPS (General-Purpose Polystyrene) and HIPS (High-Impact Polystyrene) combined at 2%, and PET (Polyethylene Terephthalate) at 8%.
What is the size of the polymer industry in India?
The plastic industry in India is projected to grow from Rs 3.50 lakh crore in 2022-23 to Rs 10 lakh crore in 2027-28. Additionally, the exports of plastic products are expected to increase from Rs 40,000 crore to Rs 1 lakh crore, indicating global acceptance of Indian products.
Who is the leading producer of plastic in India?
Reliance Industries holds the position of India's largest polymer manufacturer, contributing to nearly 50 per cent of the country's polyolefins production capacity.
Which polymer is the most expensive?
Polyether Ether Ketone is the most expensive polymer available. However, Ultem offers similar properties at a much lower cost. PEEK has exceptional heat resistance, with a melting point exceeding 700ºF and the ability to operate at 500ºF without deformation.
Which Indian state has the highest number of polymer companies?
Gujarat is the Indian state with the highest number of polymer companies. It is home to several prominent polymer manufacturers, including Reliance Industries, along with numerous small and medium-sized polymer companies.
What is the salary range for polymer engineers in India?
Polymer Engineer salaries in India typically range from Rs 1.6 lakh to Rs 8 lakhs per year, with an average annual salary of Rs 4 lakh.
Is the polymer business profitable in India?
The polymer business in India offers significant opportunities and can be profitable depending on the specific business idea you choose to pursue.
| Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at jhumur.ghosh1@housing.com |
