Showing posts with label India PVC Emulsion Market Size. Show all posts
Showing posts with label India PVC Emulsion Market Size. Show all posts

Thursday, January 6, 2022

India PVC Emulsion Market, Market Revenue, Sales, Shares, Major Players, Forecast: Ken Research

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 Production: The imported PVC emulsion/paste dominated the domestic industry in FY’2020(P) due to limited local manufacturing capacity and consistently rising demand. The domestic production capacity has been stagnant with no new capacity addition in the recent years.

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.

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:-

India PVC Emulsion Market

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Indonesia Plastic Pipes and Fittings Market Outlook to 2025 – By Type of Pipe (PVC, HDPE, and PP and PVDF) and By End User Application (Water Supply and Irrigation, Sewage, Mining, Cable Protection and Others)

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