Polymer Additives Market in India 2020

     

 This research report presents a comprehensive overview on the India Polymer Additives market, further presents an analysis on its products and services in the market and the leading companies operating in the Polymer Additives industry. You will also find many facts & figures and statistics related to the India Polymer Additives market.

Along with a detailed overview, this report also has SWOT analysis and PEST analysis which provide a deeper insightful look into the Indian Polymer Additives market. There’s also regional analysis which furthermore increases the credibility of the data provided in this report. The data has been presented in such a way that is easy to understand. You will find pie charts, graphs, and other visual representations that will provide better sense of the information.

The research report widely covers the business profiles of all the key players that operate in the India Polymer Additives market. These companies have been thoroughly profiled and the report contains information on their growth projections, development prospects, their business strategies, sales data, and their current business revenue, to the expected revenue. Based on the report, you can understand what the leading players are planning to do in the next 5 years, and this data will help you to make important business decisions. Amines and Plasticizers Limited, Clariant Chemicals (India) Limited, HPL Additives Limited, KLJ Plasticizers Limited, Payal Polyplast Private Limited and more - all the top companies operating in the India Polymer Additives market and their business strategies have been profiled in this research report.

Polymer additives are specialty chemicals, added to polymer or plastic resins to form process-ready plastic and polymer compounds. These chemical additives are used to improve intrinsic qualities such as strength, durability, lustre, and heat sensitivity of polymers. As of FY 2019, ~60% of India's total domestic demand for polymer additives was driven by automotive, construction, and white goods industries.

Market insights:
The polymer additives market in India was valued at INR 48.29 Bn in FY 2019 and is expected to expand at a compound annual growth rate (CAGR) of ~7.23% during the FY 2020-FY 2025 period, to reach a value of INR 72.56 Bn by FY 2025. Growing popularity of plastic materials as a substitute for other packaging and input materials is a leading factor driving the growth of the polymer additives market in India. Increased government participation in encouraging domestic production of raw materials and end-use products, and implementation of policy measures by the central government to promote the manufacturing of fuel-efficient vehicles are other key factors driving market growth. On the other hand, the toxic nature of polymer additives and a constant fluctuation in the prices of its raw materials, including crude oil, disrupt the stable growth of the polymer additives market.

Segment insights:	

The polymer additives market in India is segmented into plasticizers, heat stabilizers, antioxidants, and other polymer additives. As of FY 2019, the polymer additives market was dominated by the plasticizers segment which accounted for about 40% of the total market revenue. During the FY 2020-FY 2025 period, the plasticizers segment is expected to be the fastest growing segment, expanding at a CAGR of ~8.63%. The stabilizers and antioxidants segments are anticipated to witness a high growth rate of ~8.50% and ~7.88%, respectively, during the FY 2020-FY 2025 period.

COVID-19 impact analysis:

The long-term nationwide lockdown in wake of the pandemic had a substantial impact on the polymer additives market in India. During the pandemic period, the country’s prominent end-user industries like automotive, electronic appliances, construction, and white goods were severely affected in terms of their potential production as well as sales. Polymer additives, being one of the essential raw materials used by these end-use industries for the production of their input components, the polymer additives market witnessed a significant fall in its market demand. Thus, the impact of COVID-19 on the end products manufacturing industries marked a proportional and equivalent impact on the polymer additives market as well.

Companies covered:

Amines and Plasticizers Limited
Clariant Chemicals (India) Limited
HPL Additives Limited
KLJ Plasticizers Limited
Payal Polyplast Private Limited
Adeka India Private Limited
Baerlocher India Additives Private Limited 
Lanxess India Private Limited

With this research report, you can get an insightful view of the India Polymer Additives market. So, if you are looking to make smart investments, you will be at an advantage with all the relevant data at your fingertips. This report also contains market analysis, growth analysis, and competitive landscape report, so if you are looking to start your own business in the India Polymer Additives market, you can use this report to assess business opportunities and make business strategies. 

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