Description
In a field of more than 25 Indian Petrochemical industry participants, Frost & Sullivan independently plotted the top 10 companies in this Frost Radar™ analysis. The Frost Radar™ on the Indian Petrochemicals Industry is a competitive benchmarking tool on the Growth and the Innovation potential of select petrochemical companies that have based their core operations in India.
Almost all companies plotted on the Frost Radar™ have a noteworthy Innovation score and are making adequate investments in R&D. Frost & Sullivan attributes this to their proactive product development strategies that seek to address the environmental concerns of both regulatory authorities and of OEMs themselves.
The Frost Radar™ measures growth rates in addition to absolute revenues and combines them with several other factors (described in the Frost Radar™) to measure companies’ performance along the growth axis.
The companies profiled here have a product portfolio of at least 2 distinct subsegments in the petrochemical space, i.e., polyolefins, vinyls, aromatics, and/or with backward integration to make their own feedstock. Weightage has been given to companies with a product portfolio that meets import substitution and companies that are expected to boost the local economy, be they existing players or new entrants.
RIL, IOCL, and BPCL are leaders on the Frost Radar™ because of their niche product range, their target geography, and their low business risk, as they have backward integrated to manufacture their own raw materials.
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