{
  "id": 14946282,
  "title": "India is fastest-growing polymer compound market, expected to grow to $16 bn by 2031: Crisil",
  "url": "https://urgent.news/2026/10/16/india-is-fastest-growing-polymer-compound-market-expected-to-grow-to",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-16T11:45:41.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/commodities/india-is-fastest-growing-polymer-compound-market-expected-to-grow-to-16-bn-by-2031-crisil/article71592230.ece"
  },
  "original_language": "en",
  "account": "A Crisil report reveals India as the world's fastest-growing polymer compound market, holding 13% of the $75 billion industry. This growth is propelled by increased manufacturing in automotive, electronics, and infrastructure sectors. The domestic polymer market is projected to reach $16.5 billion by FY2031, up from $9.9 billion in CY2025, primarily driven by demand for polymers in automotive, power and telecom cables, water and oil & gas pipelines. Polymer compounding involves melting plastic with additives like antioxidants and flame retardants to enhance properties such as strength and electrical conductivity. The global polymer compounding market, valued at $75.53 billion in 2025, is set to grow at a 6.7% CAGR through 2031, reaching $109.80 billion. Factors fueling this growth include technological advancements and rising demand from key sectors like automotive, construction, and electronics. Crisil attributes India's polymer compound sector's significant growth to the expansion of electricity networks, 5G fiberisation, water grids, city gas pipelines, and oil pipelines. The industry is projected to more than double from $5.97 billion in 2019 to $10.73 billion by the end of 2026.",
  "summary": "Demand to be led by automotive, power cables, telecom cables, water pipelines, and oil & gas pipelines segments",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}