{"id":313,"date":"2025-04-15T15:54:04","date_gmt":"2025-04-15T15:54:04","guid":{"rendered":"https:\/\/supersilvin.com\/silvin-blog\/?p=313"},"modified":"2025-04-15T16:01:11","modified_gmt":"2025-04-15T16:01:11","slug":"plastic-additives-manufacturers-aim-to-reduce-import-dependency-to-50-in-the-next-five-years-udyamee","status":"publish","type":"post","link":"https:\/\/supersilvin.com\/silvin-blog\/plastic-additives-manufacturers-aim-to-reduce-import-dependency-to-50-in-the-next-five-years-udyamee\/","title":{"rendered":"Plastic Additives Manufacturers Aim to Reduce Import Dependency to 50% in the Next Five Years"},"content":{"rendered":"

Udyamee, Ahmedabad:<\/strong>
\nManufacturers of high-performance additives for the PVC and CPVC industries aim to reduce import dependency from the current 65% to 50% over the next five years. According to industry sources, all manufacturers are working towards this goal.<\/p>\n

Jagat Chokshi, Managing Director of Silvin Additives, said,\u00a0\u201cThe plastic additives market in India is estimated to be around Rs 3,000 crore. Most players source raw materials from countries like China, Malaysia, Thailand, Poland, and others. We believe the import-to-domestic supply ratio will reach 50:50 by the end of 2030.\u201d<\/em><\/p>\n

Industry estimates suggest that the plastic additives market will surpass the Rs 4,000 crore mark in the next five years, growing at a CAGR of 6-7% annually.<\/p>\n

India\u2019s plastic additives market has experienced significant growth, with imports playing a crucial role in meeting domestic demand. As of 2023, India imported plastics worth approximately US$22.59 billion, according to the United Nations COMTRADE database. Specific to plastic additives, India imported around 12,500 shipments, sourced from 701 suppliers across 838 importers.<\/p>\n

Key Supplier Countries:<\/strong><\/p>\n