How India PVC Emulsion Market is Positioned?
Overview: The
overall PVC resin market in India stood ~ KT in FY’2019 on the basis of demand.
Out of this, the PVC emulsion/paste accounted for ~ KT in FY’2019. The PVC
Emulsion/Paste demand has significantly growth over the review period despite
accounting for very less share in the overall PVC resin market. PVC paste is
manufactured using the emulsion or dispersion polymerization process which is
not as widely employed as the suspension process in the country. Emulsion
polymerization results in PVC resin with very fine particle size and has varied
applications in the modern day. The raw material used of manufacturing PVC
paste that is, EDC & VCM, are majorly imported and the fluctuation in their
prices affect the domestic PVC paste prices.
Market: The
industry witnessed significant growth over the review period FY’2014-FY’2020(P)
with a CAGR of ~% on the basis of demand and ~% on the basis of revenue. The
average domestic selling price was observed to be around ~ INR per KT. Over the
review period, the share of imports in the industry has significantly increased
and accounted for ~% of the total domestic demand in FY’2019. Top 5 countries
for imports in India include South Korea, Columbia, Taiwan, Japan and China on
the basis of import value. The growth of end-user industries especially
synthetic leather and number of applications of PVC paste has driven the
industry over the review period.
India
PVC Emulsion Market Segmentation
By
End-Users (Domestic Volume): The artificial
leather industry was analyzed to be the largest end-user for PVC emulsion in
India in FY’2019. The demand from vinyl flooring and films & sheets
industry has also increased in the recent years for top and base coating.
Demand from other end-users such as coir mats, adhesives & sealants,
conveyor belts and more has also increased significantly over the review
period.
By End-Users (Import Volume): Majority
of the imported PVC emulsion/paste is demanded by the synthetic leather
industry due to the large volumes required by the industry. Other end-users
such as printing ink, toys, coir mats and conveyor belts have also accounted
for significant consumption of imported PVC paste.
Blending
PVC Resin Market
The
review period also witnessed growth in the import of blending PVC resins
including both copolymers & homopolymers. Germany, Belgium, US & Mexico
were identified to be the major exporters of blending resins to India.
Competitive
Scenario in India PVC Emulsion Market
The
competition in the industry is concentrated with only two players namely
Finolex Industries and Chemplast Sanmar, operating in the market with
manufacturing capacity of ~ KT and ~ KT respectively. The players compete on
the basis of parameters such as price, grades offered, distribution network, clientele,
end-user industries catered and more.
India PVC Emulsion Industry Future Outlook and
Projections
The PVC Emulsion industry is India is expected to
grow at a CAGR of ~% by FY’2025 on the basis of demand and ~% CAGR on the basis
of domestic production volume. After momentary decline in the industry due to
Covid-19 pandemic, the industry is expected to recover soon with production in
end-user industries returning to normalcy. Imports of PVC emulsion/paste into
the country are also expected to grow in the coming years to meet the domestic
demand. It is anticipated that the industry will witness growth due to
increasing government initiatives to boost domestic production and growing
demand from end-user industries particularly synthetic leather, coir mats &
automotive industry. The industry is also expected to witness increase in
domestic production capacity in the coming years.
By Production
Import
Domestic
By End-Users (Domestic Volume)
Synthetic
Leather
Flooring
Films
and Sheets
Coir
Mats
Adhesives
& Sealants
Conveyor
Belts
Wall
Coverings
Others
By End-Users (Import Volume)
Synthetic
Leather
Printing
Ink
Toys
Coir
Mats
Conveyor
Belts
Others
Companies
Covered:-
Finolex
Industries Limited
Chemplast
Sanmar Limited
Key
Target Audience:-
PVC
Emulsion Companies
PVC
Paste Companies
PVC
Suspension Companies
PVC
Emulsion/Paste Importers
Time
Period Captured in the Report:-
Historical
Period: FY’2014 - FY’2020(P)
Forecast
Period: FY’2020(P) - FY’2025
Key
Topics Covered in the Report:-
India
PVC Emulsion Market Overview
PVC
Emulsion Value Chain Analysis and Manufacturing Processes
India
PVC Emulsion Market Size on the Basis of Domestic Demand, Production Capacity,
Volume and Revenue, FY’2014-FY’2020(P)
India
PVC Emulsion Market Segmentations, FY’2020(P)
End-User
Analysis
Trends
& Developments, Issues & Challenges and Governments Regulations in the
Industry
Trade
Scenario in India PVC Emulsion Industry
SWOT
Analysis
PVC
Emulsion/Paste Grades in India and Competitiveness
Competition
Scenario and Company Profiles of Major Companies
Future
Outlook and Projections for India PVC Emulsion Industry including Market Size
and Segmentations, FY’2025
Analyst
Recommendations
For
More Information on the research report, refer to below link:-
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