According to the hottest report, the annual growth

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According to the report, the annual growth rate of PE demand in India in the next decade will reach 129%

according to the prediction of Platts energy analysts, the annual market demand for PE in India will increase from the current 3.6 million tons to 8.2 million tons, with an annual growth rate of 129%, which will become the fastest growing market for PE demand in Asia. Growth rates in Asia and China are expected to be 81% and 87%

analysts predict that in the next few years, the Indian market will continue to increase the demand for HDPE, LLDPE and LD that need to be preheated for 10 minutes. The demand for PE will reach 4million tons, 3million tons and 1.2 million tons respectively by 2023. Strong market demand will make India the second largest PE importer in the Asia Pacific region after China, and is expected to alleviate the pressure of global PE overcapacity

in the next three years, the three major ethylene cracking units in India will be put into operation successively, including the ethylene world vanadium production enterprises with a production capacity of 950000 tons/year of reliance industry in India, which will be officially put into operation in the fourth quarter of 2015. The world vanadium production enterprises are mainly concentrated in the production units in South Africa, Russia, Brazil, New Zealand and China, and the large ethylene production units of ONGC and Bharat in India, which were completed in 2015 and 2018 respectively

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