PP (H030SG) prices rise marginally in Ahmedabad market (Business Opportunities - Marketing & Sales)

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PP (H030SG) prices rise marginally in Ahmedabad market


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The prices of polypropylene (PP) grade H030SG have witnessed a marginal increase in the Ahmedabad market today With a rise of Re. 1/kg, the new basic rate has settled at Rs. 97.5/kg. Polypropylene (PP) H030SG, widely used in various industries, is produced by leading petrochemical companies. Key Indian producers include Reliance Industries Limited (RIL), Indian Oil Corporation (IOCL), Haldia Petrochemicals, and ONGC Petro Additions Limited (OPaL). Globally, major players such as SABIC, LyondellBasell, BASF, and ExxonMobil also contribute to the supply of PP grades. Users: PP (H030SG) is extensively used across industries due to its excellent stiffness and flow properties. Major end-use sectors include: Automotive: Manufacturing components like bumpers, dashboards, and trims. Packaging: Used for rigid packaging, containers, and food-safe products.Textiles: Production of non-woven fabrics and tapes. Consumer Goods: Household items, appliances, and furniture components. Industrial Applications: Pipes, sheets, and molded products. CAGR (Compound Annual Growth Rate): The global polypropylene market, including grades like H030SG, is projected to grow at a CAGR of 5-6% over the next five years (2024–2029). This growth is driven by increasing demand in the automotive, packaging, and construction industries, alongside advancements in polymer technology and sustainability initiatives. India’s polypropylene market is expected to see a higher CAGR of 6-8%, fueled by rapid industrialization, infrastructure development, and rising consumption in the packaging and consumer goods sectors. Indian PP Prices, PP Prices In India, Indian Prices PP, Indianpetrochem.
#IndianPPprices #PPpricesinindia #IndianpricesPP #Indianpetrochem.

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Last Update : 17 December 2024 9:34 PM
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Item  Owner  : indianpetrochem
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