The report titled “India
PVC Emulsion Market Outlook to 2025-Rising Consumption in Artificial Leather
and Usage in Toy Manufacturing to Elevate Demand” provides a comprehensive analysis of the current
positioning of the PVC emulsion/paste industry in India. The report covers various
aspects including the market size, ecosystem & value chain analysis,
end-user analysis, import-export scenario, trends and roadblocks faced by the
industry. The report concludes with market projections for future of the PVC Emulsion
industry in India including forecasted industry size by revenue and domestic
demand by FY’2025 and segmentations and the analysts’ take on the future.
India PVC Emulsion Market Overview and Size
The
Indian PVC Emulsion market is a major contributor to the growth of various key end-user
sectors in the country. While suspension PVC dominates the Indian PVC resin
industry, PVC emulsion/paste has witnessed significant growth in demand in the
recent years. Both emulsion and micro-suspension processes of manufacturing PVC
paste are prevalent in India. The PVC Emulsion/Paste industry in India in terms
of demand in metric tons has grown at a CAGR of 7.8% over the period
FY’2014-FY’2020(P). A large number of end-user industries such as artificial leather,
flooring, coir mats, adhesives and sealants, conveyor belts among others have
driven the demand for PVC paste in India. The domestic demand is catered by
both imports as well as domestic production. The government is recently making
efforts to stimulate domestic production in the country which is expected to
positively impact the industry.
India PVC Emulsion Market Segmentations:
Production: The domestic demand for PVC emulsion is met by both imports
and domestic production. The domestic production capacity is stagnant since the
last few years which have led to the rise in imports into the country. In
FY’2019, the top five countries South Korea, Columbia, Taiwan, Japan and China
accounted for ~68.0% of the total import on the basis of value of imports.
End-Users (Domestic Volume): The synthetic leather industry was analyzed to be
the largest end-user of PVC emulsion in India in FY’2020(P). The synthetic
leather industry was valued at ~INR 61 billion in 2019. Flooring, films &
sheets, coir mats, adhesives & sealants and other industries have also
contributed to the rising demand in the country as PVC paste it helps in
imparting different properties in terms of color, texture and opacity to
end-product. PVC emulsion is majorly used for top and base coating in majority
of these applications such as synthetic leather, flooring, conveyor belts and
more.
End-Users (Import Volume): Synthetic leather accounted for majority of the
imported PVC paste/emulsion consumption due to the large volumes required. There
is growing demand for synthetic leather, particularly in the automotive
industry for upholstery. Many large companies operating in the sector also
export huge volumes of synthetic leather. In the recent years, the demand for
PVC emulsion/paste by industries such as printing ink, toys, coir mats,
conveyor belts & more has also increased significantly. Many coir mats
& conveyor belt companies engaged in exports, directly import PVC
emulsion/paste from countries such as Korea, Taiwan, China, Thailand &
Germany among others.
Competition Scenario
The
competition in the market is concentrated with only two players namely, Finolex
Industries and Chemplast Sanmar, having domestic manufacturing capabilities. Both
of these companies together cater almost half of the total domestic demand. These
companies compete on the basis of parameters such as prices, grades offered,
clientele, distribution network and end-users catered.
Future Outlook and Projections
The
industry is expected to witness significant growth in terms of demand by
FY’2025 with increasing number of applications of PVC paste and growth of
end-user industries such as synthetic leather and automotive industry. The
impetus of the government to proliferate domestic production by removing import
duty on EDC import, increasing import duty on PVC from 7.5% to 10% and finished
PVC products such as vinyl flooring from 10% to 15% is expected to positively
impact the market in the future. Increasing demand for PVC emulsion for
manufacturing coir mats, adhesives & sealants and conveyer belts among
other products is further expected to stimulate industry growth.
Key Segments Covered:-
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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Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
