India Polymer Additives Market by Type (Antioxidants, Stabilizers, Plasticizers, Flame Retardants and Modifiers), by Application (PVC, Polyolefin and Other), by Type of Antioxidants (Phosphite, Phenolic, UV-Absorbers and Trioesters), by Type of Application of Antioxidants (Engineering Plastic, Automobile, Water Treatment and Corrosion Inhibitors), by Type of Stabilizers (Lead Based, Calcium Based, Mixed Metal and Organic Based, Tin Based, Calcium-Zinc Based), by Type of Application of Stabilizers (Wires and Cables, Engineering Plastic, White Goods and Others), by Type of Plasticizers (Primary Plasticizers, Chlorinated Plasticizers and Epoxy Plasticizers), by Application of Plasticizers (Construction Flooring and Carpet, Medical Equipments and Flexible Applications), by Type of Flame Retardants (ATH, Antimony Oxide, Phosphite, Brominated and Others), by Type of Modifiers (Impact Modifiers, Processing Aids) and Market share of Major companies (KLJ Group, Payal Group, Amines and Plasticizers Ltd., BASF, Baerlocher, HPL Additive, Adeka India, Clariant, DuPont, Lanxess)
Government initiatives like “Make in India” have brought substantial FDI into the country which is strengthening the manufacturing sector in India which is further affecting the polymer additives market positively.
Increase in usage of polymer products in almost every industry has increased the consumption of polymer additives over the years.
Substantial increase in consumption of polymer and plastic products by the end user as well as demand for newer polymer by the ever changing technology are expected to be the major factors for growth of the polymer additives market in India.
Ken Research in its latest study, India Polymer Additives Market by Type (Stabilizers, Plasticizers, Antioxidants, Flame Retardants and Modifiers), by Application (PVC, Polyolefin and Other) – Outlook to 2022, suggests that BASF, HPL Additives, KLJ Group, Baerlocher India, Adeka India and Amines & Plasticizers Ltd. will continue to lead the polymer additives market in India and will compete on the basis of price, quality, just in time delivery and the range of products that they offer.
The industry for polymer additives is largely demand driven from automotive, aerospace, medical, construction, consumer goods and packaging sectors. The strong local market that India possesses is expected to catapult the growth in the industrial sector. Smart packaging, green packaging, logistics friendliness, longevity are the latest trends in the packaging industry where plastics have a huge role to play. Also with the exuberant performance of e-commerce industry, packaging consumption is expected to increase dramatically. Plastic consumption is expected to accelerate tremendously as India will penetrate the underserved industry of healthcare solutions. The ever changing technology and innovative new products will continuously demand polymer with better performance and varied applications across all industries. The government policies and initiatives are expected to dimensionally change the manufacturing sector of India and bring India onto the map of the manufacturing superstars of the world. The change in the manufacturing sector will support the growth in the domestic production of polymer additives. As a result, the total revenue of the polymer additive industry in India has been anticipated to grow at a CAGR of 7.9% to INR 65 billion between FY’2018 to FY’2022.
The engineering plastic market has witnessed a growth from USD 1,414 million in FY’2012 to USD 2,971 million in FY’2017 with a CAGR of 16%. The additives industry has benefitted from this spike in the demand for engineering plastic.
Key Topics Covered in the Report:
India Stabilizers Imports
India Flame Retardants Market Growth
Amines and Plasticizers Ltd Market Share India
Antioxidants Price in India
India Antioxidants Market Size
India Stabilizers Additive Application
Trends Antioxidants Additives Market
ATH Flame Retardants Market Size India
KLG group Market Share
Product Portfolio of KLJ Plasticizers
Trends Polymer Additives Market
For more information on the market research report please refer to the below link:
Ankur Gupta, Head Marketing & Communications