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Petrochemicals sector in India is going to bloom upto humongous USD 1 trillion economy - by 2040
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A significant % of increase in oil demand over the next couple of decades will come not from its use in automobiles but from its increasing use in petrochemicals, which is one of the silent growth sectors for oil.
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Chemicals & Petrochemicals demand in India expected to nearly triple and reach USD 1 trillion by 2040
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Petrochemicals are one of the key blind spots in the global energy debate, especially given the influence they will exert on future energy trends.
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Demand for plastics – the most familiar group of petrochemical products – has outpaced that of all other bulk materials (such as steel, aluminium or cement), and has nearly doubled since 2000.
