The petrochemical industry has its own growth story to tell. With the rise in buying capacity, the demand for petrochemical is also on a roll. This industry contributes about 30 percent to India's chemical industry which is likely to become $250 billion by 2020. In this journey, the petrochemicals industry itself is expected to reach $100 billion by 2020 growing at a compounded annual growth rate (CAGR) of about 14 percent, as per an ASSOCHAM study. Know more as we cover petrochemicals and oil & gas industry for this month.
