Mumbai: India has emerged as the world's fastest-growing polymer compound market, accounting for 13 per cent of a USD 75 billion industry, riding on increased manufacturing in automotive and electronics and infrastructure growth, says a Crisil report.
The domestic sector is expected to grow to USD 16.5 billion in FY2031, up from USD 9.9 billion in CY2025, led by demand from the automotive, power cables, telecom cables, water pipelines, and oil & gas pipelines segments, the report said.
