Showing posts with label India Modifiers Consumption Tons. Show all posts
Showing posts with label India Modifiers Consumption Tons. Show all posts

Wednesday, December 20, 2017

India Polymer Additives Market Research Report to 2022: Ken Research

How is India Polymer Additives Market Positioned?
Polymers have become an integral part of our day-to-day lives. Polymers have improved the quality of human life in many aspects and play an important role in plethora of industries. Polymers and polymer products are manufactured by mixing additives with polymers.
The polymer additives market in India has seen a steady and consistent growth in the past few years. During 2012-2017, the polymer additives market has showcased a remarkable growth at a CAGR of ~%. The consumption in FY’2012 was ~tonnes whereas in FY’2017 the consumption rose to ~tonnes.
The rise in consumption of polymer products and strengthening of the manufacturing sector in India has been the key drivers of this growth. The market in India is largely organized and consists of global leaders of the industry and indigenous producers that have been major players in the market from a long time.
In September 2014 the Indian government launched the “Make in India” programme. The primary objective of this initiative is to attract investments from across the globe and strengthen India’s manufacturing sector.
There has been tremendous growth in the manufacturing sector and that has catapulted a similar growth trend in the polymer additive industry. Growth in terms of revenue was registered among all segments of polymers additives.
What is The Market Share of Antioxidant Additives in The Overall Polymer Additives Market in India?
Antioxidants are chemicals that protect the polymer from degradation and are mainly used to manufacture polymers for engineering applications, automotive parts, and applications that involve treatment with water. In FY’2017 the consumption of antioxidants in India was just ~% of the total consumption of the additives market and contributed around ~% of the total revenue of the additives market in India. The growth in the antioxidant additives market can primarily be attributed to the increase in the consumption of polymers across all the industries.
Antioxidants based on Phosphite are the most commonly used in the Indian market, followed by Phenolics, UV-Absorbers and Trioesters.
The additives market to a great extent is dependent on imports. In FY’2017 ~% of the total revenue of the antioxidant additives market was generated by the sale of imported antioxidant additives.
Engineering plastic, automotive, water treatment and corrosion inhibitors are the major applications for polymers made by adding antioxidants. ~% of the market is organized with ~% domestic production and the rest ~% is imported.
What Is The Market Share Of Stabilizer Additives In The Overall Polymer Additives Market In India?
Stabilizers are additives used to protect additives from premature degradation. Stabilizers help the polymer to better resist the damage that can stem from high temperatures or from UV radiation. Stabilizers are broadly categorized into heat stabilizers and light stabilizers. The Indian market is dominated by heat stabilizers in terms of consumption.
In FY’2017, stabilizers constituted around ~% in terms of consumption and ~% in terms of revenue of the total additives market in India.
Lead based stabilizers are the most popular in the market because of their wide applications and cheaper cost. They constitute ~% of the total stabilizers market.
The current consumption of calcium based stabilizers is around ~% of the total stabilizer consumption in India. In FY’2017, ~% of the total revenue of the stabilizers market came -from the wires and cables industry, followed by engineering plastic which constitutes ~% and white goods industry constituting ~% of the total revenue of the stabilizers market in India. Around ~% of stabilizer market is organized and the rest ~% is unorganized. The major players dealing in the stabilizers market are Baerlocher India, Adeka India, and Suvarana Additives. In terms of market source Stabilizer additives are imported on a large scale in India. The market share of the imports in FY’2017 was around ~% of the total revenue of the stabilizers market. During the same year the revenue generated by stabilizers domestically produced was just ~% of the total revenue of the Indian stabilizer market. There are very few indigenous large scale manufacturers of stabilizers. The number of MNCs manufacturing stabilizers in India is also very few. Baerlocher is one of the leading stabilizer manufacturers in India.
What is the market share of Plasticizer Additives in the Overall Polymer additives market in India?
Plasticizers are additives that increase the plasticity of a material i.e. they make the material softer and more flexible. They are added to the polymer during their manufacturing process. Plasticizers make the material softer by pushing the polymer molecules slightly further apart, which weakens the forces between the polymer molecules resulting in a softer material.
The growth of the plastic industry in India has been robust over the years and has been the main reason for the consistent growth of the plasticizers market in India. Plastic has a broad spectrum of applications; the main industries that use plastic are packaging, automotive, agriculture, and construction, electronics and textile fibers.
In FY’2017 they constituted around ~% of the total consumption and ~% of the total revenue of the Indian additive market.
Plasticizers are broadly categorized into primary plasticizers and secondary plasticizers. Primary plasticizers especially phthalate based dominate the plasticizers market. Of the total consumption of plasticizers ~% is of primary plasticizers, ~% is of chlorinated plasticizers while the rest ~% is of epoxy plasticizers.  One of the prominent applications of plasticizers is manufacturing of products for the construction flooring and the carpet industry.
In FY’2017 a major share of around ~% in terms of revenue in the plasticizers market was generated from applications in construction flooring and carpet market. With the expanding reach of healthcare facilities to every corner of the country, the medical equipment market has seen a substantial increase in the past few years. The medical equipment industry has contributed around ~% of the total revenue of the plasticizers market in FY’2017.  Other prominent applications of plasticizers are in the packaging industry and the wires and cables industry All these different applications have high volume usage of plastic and other polymers. Plasticizers are one of the primary constituents of these polymers.
In terms of revenue, the plasticizers market is largely organized. In FY’2017 ~% of the total revenue generated in the plasticizers market was by the organized sector.
What Is The Market Share Of Flame Retardants Additives In The Overall Polymer Additives Market In India?
Flame/fire retardants are compounds that when added to a manufactured material such as plastic, textile, surface finishes or coatings have a tendency to suppress or delay the spread of fire. They raise the threshold temperature at which a material ignites, reduce the rate of burning of a material and minimize the spread of flames. Flame retardants are majorly used for three main applications which include insulation for cables and electrical wiring, structural insulation for maintaining comfortable temperature along with energy conservation and protection of structural elements from becoming a fire hazard when in contact with an ignition source.
In FY’2017, the flame retardants market in India had a share of about ~% in terms of consumption and ~% in terms of revenue of the total additives market in India.
The market for flame retardants grew with a CAGR of ~% from INR ~millions to INR ~million during FY’2012-FY’2017.
In comparison to other additives, flame retardants have a higher margin segment. The total consumption grew from ~tonnes in FY’2012 to ~tonnes in FY’2017 with a CAGR of ~%.
Major types include retardants based on Halogens, Phosphite, Antimony Oxide and ATH out of which ATH is the most prominently used in India.
Standards have been issued by the BIS limiting the use of halogenated flame retardants, especially bromine based.
The companies dealing in flame retardants in India are largely organized with imports dominating the market.
Flame retardants are majorly used to manufacture products for the use in the construction industry. In India the use of flame retardant paints, coatings, sheets and insulations for constructing houses is not prevalent amongst small scale contractors and individual. It is expected that with the growing awareness among people and contractors the use of flame retardant products and equipments in this sector will increase
What is the market share of Modifier Additives in the Overall Polymer additives market in India?
Modifiers are chemical additives that are used to enhance the physical characteristic like rigidity, strength and durability of polymers for a wide range of applications. They prolong the working time and provide an extended processing window.
In terms of consumption modifiers constitute ~% of the total consumption of the additives market in India in FY’2017. The overall consumption grew from ~tonnes in FY’2012 to ~tonnes in FY’2017 with a CAGR of ~%.
Similar to flame retardants modifiers are a high margin product. The revenue between FY’2012 to FY’2017 grew with a CAGR of ~% from INR ~million to INR ~million respectively Depending on the consumption in the Indian market modifiers have been further segmented into impact modifiers and processing aids.
Impact modifiers have a larger share in the market in comparison to processing aids. The market is largely organized with imports having the major share in the market in comparison to domestic production. All the multinational players in the market import modifiers from their manufacturing facilities in other countries into India as per demand of the market.
The market for modifiers highly depends on demand for the final product of the polymer that it is used in. It is used for manufacturing engineering plastic, polymers for the automotive and construction industry, PVC products like pipes, fittings etc.
Future Analysis and Projection
The industry for polymer additives is largely demand driven. The strong local market that India possesses is likely to catapult the growth in the industrial sector. As a result the total revenue of the polymer additive industry in India has been anticipated to grow from INR ~ million to INR ~ million between FY’2018 to FY’2022. Government initiatives like “Make in India” are expected to boost the manufacturing sector in India tremendously which will further support the growth in the domestic production of polymer additives. Bigger players of the market (MNCs and indigenous companies) will establish more manufacturing facilities in India to meet the increasing local demand. Rapidly changing technology and product innovation along with compliance to environmental and health norms will demand for newer additives to be developed as per the requirement of the application.
Companies Cited in the Report
List of Companies                      Companies Covered in the Report
BASF
HPL Additives
KLJ Group
Baerlocher India                       Major Players in India Polymer Additives Market
Adeka India
Amines & Plasticizers Ltd.
Key Factors Considered in the Report
Comprehensive analysis of India Polymer Additives Market and its segments
Listed major players and their positioning in the market
Identified major industry trends in last few years and assessed the future growth of the industry
Porter’s Five Forces Analysis for India Polymer Additives Market
Value chain analysis of India Polymer Additives Market
Antioxidants Price in India
India Plasticizers Market Revenue
Amines and Plasticizers Ltd Market Share India
Plasticizers Market Size in India
For more information on the market research report please refer to the below link:
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