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Acrylic Resin (Emulsion Type) Manufacturing Industry

Acrylic Resin (Emulsion Type) Manufacturing Industry. Business Opportunity in Synthetic Resins. Acrylic Emulsion Resin Plant

Acrylic resins can be defined as a group of related thermoplastic or thermosetting plastics, primarily derived from acrylic acids. They are used in paints and coatings industry to provide glossy finish. In the construction industry, they are used as glazing, light fixtures, in sanitary wares, and others.

 

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Acrylic resins, thermoplastic materials derived from compounds such as acrylic acid, methacrylic acid, etc., have an array of applications. This is because they feature durability, transparency, adherability, water resistance, hardness, heat resistance, weather resistance, and glossy external appearance.

The use of acrylic resins has continued to grow in popularity across the globe, and it is considered an affordable yet durable material for manufacturing various products. Versions of acrylic resin are used to produce aquarium windows, cell phone display screens, and bathtub liners, as well as vehicle head and tail lights Acrylic resins feature excellent transparency and durability, and are used in a broad range of applications from consumer items like lenses to industrial products like molding materials, coatings and adhesives. In addition, acrylic resins are also used in other areas, such as binders for paper/fiber processing, PC screens, display windows for cellular phones and light guide panels for liquid crystal display (LCD) backlights.

Acrylic resins are primarily based on acrylate and methacrylate monomers and provide good weather resistance, resistance to hydrolysis, gloss and color retention in exterior applications. Due to their versatility and performance, acrylic coatings account for over 25% of all coatings and global sales approaching $25 billion. Acrylic resins can be thermoplastic or thermoset and are used in organic solvent born, waterborne, powder and radiation-curable coatings.

Increasing market penetration in medical devices and automotive industry is expected to remain a key driving factor for acrylic resins market demand over the forecast period. Acrylic resins are widely used to manufacture automotive interiors, exterior panels and instrument clusters. Growth of automotive industry, particularly in China, India and Brazil, coupled with increasing government intervention regarding weight reduction in vehicles has driven the demand for thermoplastics. This trend is expected to have a positive influence on the market growth. Increasing preference for acrylic resins in medical devices as an alternative to PVC and polyethylene on account of health hazards associated with them has helped in development of overall market.

Rapid urbanization and industrialization particularly in emerging economies across the globe have prompted governments to increase construction spending. This trend is expected to drive acrylic resin demand in construction and architectural applications. Acrylic resins based on methyl methacrylate (MMA) are used in optical printed circuit boards of LED screens. Increasing disposable income has driven the demand for electronics across the globe. This trend coupled with growth of electronics industry in Asia, particularly Taiwan, South Korea and China, are expected to further fuel the market growth. Market participants are expected to face challenge mainly in the form of volatile raw material prices and growing environmental concerns degradability of plastics. Heavy investment in R&D by companies to develop bio-based raw materials to counter such challenges is expected to yield opportunities.

The global acrylic resin market to grow at a CAGR of 4.41% during the period 2017-2021. This growth of the construction industry will fuel the demand for acrylic resins for end-user applications such as paving and roofing and adhesives and sealants.

Increasing demand from developing economies across the world is driving the growth of this market. There are certain factors, however, such as, environmental impact and associated regulations and high price of raw materials, are expected to hinder the growth of this market.

Demand for acrylic resins is dependent on the health of the economy and dynamics in various end-use and downstream markets such as coatings, textiles, paper and adhesives in addition to detergents, personal care products, superabsorbent polymers, and wastewater treatment chemicals, among others. In the coming years, the acrylic resins market is expected to register steady growth driven by a recovering economy and increasing demand from end-use industries such as the construction, electronics and automotive sectors.

 

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The Acrylic Resins Market is segmented across five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, the Asia Pacific region holds a major share of the market due to growing consumption of acrylic resins in paints & coatings, construction, paper & paperboard, textiles, and others. The paints & coatings segment holds the major portion and is anticipated to continue its dominance in the market due to extraordinary features offered by the product such as adhesion, light-weight, and other characteristics. Therefore, countries such as China, Japan, South Korea, and India are the major players in this market.

The global acrylic resin market can be segmented on the basis of its raw materials, property of solvency, application, and the regions. The market for acrylic resin is segmented by raw material of products as methacrylates, acrylates, hybrids, and others. On the basis of the type of solvency, the acrylic resin market is divided into solvent-borne, waterborne and solids. Application-based segmentation of acrylic resin market can be seen through its utilization in paints and coatings, industrial and commercial, construction, paper and paperboard, plastics, textile and fibers and adhesives.

In the construction industry, acrylic resin is used for glazing, light fixtures, and in sanitary wares. Use of acrylic resin is also visible in manufacturing automotive interiors, exterior panels, and instrument clusters. A varied use for acrylic resin is visible and hence there is a general growth in its demand in the market globally.

The demand for the acrylic resin is increasing in developing countries like India, Brazil, China, and Mexico, due to their increasing use in the paints and coatings industry, providing a glossy finish. In addition, its sustainability in different weather conditions will lead to an increase in the demand for acrylic resins in the forecast period.

The global acrylic emulsions market is projected to reach USD 8.94 Billion by 2022, from USD 5.59 Billion in 2016, at a CAGR of 8.2%, in terms of value. The base year considered for this study is 2016 while the forecast period is from 2017 to 2022. Acrylic emulsions are used for many applications, such as adhesives & sealants, paints & coatings, paper coatings, construction additives, and others across a wide range of industries. Acrylic emulsions are used to enhance various properties such as adhesion, binding, thickness, luster, and surface protection.

Rising disposable incomes leading individuals to spend substantially high amounts on superior quality decorative paints for interior and exterior use is boosting the demand for acrylic emulsions in paints and coatings.

 

FAQ: Why should startups invest in the Acrylic Resin (Emulsion Type) Manufacturing Industry?

Answer: The Acrylic Resin (Emulsion Type) Manufacturing Industry presents a lucrative investment opportunity for several reasons:

Growing Market Size: With a surge in demand for water-based paints, adhesives, textiles, and other coatings, the market for acrylic resins, especially of the emulsion type, is witnessing substantial growth. This increasing demand is driven by both industrial applications and consumer products.

Positive Market Trends: Trends towards sustainability and eco-friendliness are pushing industries to move away from solvent-based products to water-based ones. Acrylic resins of the emulsion type are water-soluble, which aligns with these sustainable trends, making them more preferred in various applications.

Diverse Applications: The versatility of acrylic resins, especially the emulsion type, allows them to be used in multiple sectors like automotive, construction, textiles, and more. This broad applicability ensures a steady demand.

Future Opportunities: Advancements in technology and research in the field can lead to the development of new and improved acrylic resin formulations. These can open doors to untapped markets or applications, providing further opportunities for growth and expansion.

Competitive Edge: As a startup, entering this manufacturing sector early can provide a competitive advantage, positioning the business as a leader in innovation and supply.

Given the current market size, share trends, and the immense potential for future opportunities, the Acrylic Resin (Emulsion Type) Manufacturing Industry appears to be a promising avenue for startups to invest in.

 

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Niir Project Consultancy Services

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106-E, Kamla Nagar, Opp. Spark Mall,

New Delhi-110007, India.

Email: npcs.ei@gmail.com  , info@entrepreneurindia.co

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Website: www.entrepreneurindia.co  , www.niir.org

 

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ABOUT NPCS

 

NIIR PROJECT CONSULTANCY SERVICES (NPCS) is a reliable name in the industrial world for offering integrated technical consultancy services. NPCS is manned by engineers, planners, specialists, financial experts, economic analysts and design specialists with extensive experience in the related industries.

Our various services are: Detailed Project Report,  Business Plan for Manufacturing Plant, Start-up Ideas, Business Ideas for Entrepreneurs, Start up Business Opportunities, entrepreneurship projects, Successful Business Plan, Industry Trends, Market Research, Manufacturing Process, Machinery, Raw Materials, project report, Cost and Revenue, Pre-feasibility study for Profitable Manufacturing Business, Project Identification, Project Feasibility and Market Study, Identification of Profitable Industrial Project Opportunities, Business Opportunities, Investment Opportunities for Most Profitable Business in India, Manufacturing Business Ideas, Preparation of Project Profile, Pre-Investment and Pre-Feasibility Study, Market Research Study, Preparation of Techno-Economic Feasibility Report, Identification and Section of Plant, Process, Equipment, General Guidance, Startup Help, Technical and Commercial Counseling for setting up new industrial project and Most Profitable Small Scale Business.

NPCS also publishes varies process technology, technical, reference, self employment and startup books, directory, business and industry database, bankable detailed project report, market research report on various industries, small scale industry and profit making business. Besides being used by manufacturers, industrialists and entrepreneurs, our publications are also used by professionals including project engineers, information services bureau, consultants and project consultancy firms as one of the input in their research.

Our Detailed Project report aims at providing all the critical data required by any entrepreneur vying to venture into Project. While expanding a current business or while venturing into new business, entrepreneurs are often faced with the dilemma of zeroing in on a suitable product/line.

 


And before diversifying/venturing into any product, wish to study the following aspects of the identified product:


• Good Present/Future Demand
• Export-Import Market Potential
• Raw Material & Manpower Availability
• Project Costs and Payback Period


We at NPCS, through our reliable expertise in the project consultancy and market research field, Provides exhaustive information about the project, which satisfies all the above mentioned requirements and has high growth potential in the markets. And through our report we aim to help you make sound and informed business decision.

 

The report contains all the data which will help an entrepreneur find answers to questions like:

• Why I should invest in this project?
• What will drive the growth of the product?
• What are the costs involved?
• What will be the market potential?


The report first focuses on enhancing the basic knowledge of the entrepreneur about the main product, by elucidating details like product definition, its uses and applications, industry segmentation as well as an overall overview of the industry sector in India. The report then helps an entrepreneur identify the target customer group of its product. It further helps in making sound investment decision by listing and then elaborating on factors that will contribute to the growth of product consumption in India and also talks about the foreign trade of the product along with the list of top importing and top exporting countries. Report includes graphical representation and forecasts of key data discussed in the above mentioned segment. It further explicates the growth potential of the product.

The report includes other market data like key players in the Industry segment along with their contact information and recent developments. It includes crucial information like raw material requirements, list of machinery and manufacturing process for the plant. Core project financials like plant capacity, costs involved in setting up of project, working capital requirements, projected revenue and profit are further listed in the report.


Reasons for buying the report:

• This report helps you to identify a profitable project for investing or diversifying into by throwing light to crucial areas like industry size, demand of the product and reasons for investing in the product.

• This report provides vital information on the product like its definition, characteristics and segmentation.

• This report helps you market and place the product correctly by identifying the target customer group of the product.

• This report helps you understand the viability of the project by disclosing details like raw materials required, manufacturing process, project costs and snapshot of other project financials.

• The report provides forecasts of key parameters which helps to anticipate the industry performance and make sound business decision.

 

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• Our research reports broadly cover Indian markets, present analysis, outlook and forecast.

• The market forecasts are developed on the basis of secondary research and are cross-validated through interactions with the industry players. 

• We use reliable sources of information and databases.  And information from such sources is processed by us and included in the report.

 

Our Market Survey cum Detailed Techno Economic Feasibility Report Contains following information:

 

 

Ø  Introduction

·         Project Introduction

·         Project Objective and Strategy

·         Concise History of the Product

·         Properties

·         BIS (Bureau of Indian Standards) Provision & Specification

·         Uses & Applications

 

Ø  Market Study and Assessment

·         Current Indian Market Scenario

·         Present Market Demand and Supply

·         Estimated Future Market Demand and Forecast

·         Statistics of Import & Export

·         Names & Addresses of Existing Units (Present Players)

·         Market Opportunity

 

Ø  Raw Material

·         List of Raw Materials

·         Properties of Raw Materials

·         Prescribed Quality of Raw Materials

·         List of Suppliers and Manufacturers

 

Ø  Personnel (Manpower) Requirements

·         Requirement of Staff & Labor (Skilled and Unskilled) Managerial, Technical, Office Staff and Marketing Personnel

 

Ø  Plant and Machinery

·         List of Plant & Machinery

·         Miscellaneous Items

·         Appliances & Equipments

·         Laboratory Equipments & Accessories

·         Electrification

·         Electric Load & Water

·         Maintenance Cost

·         Sources of Plant & Machinery (Suppliers and Manufacturers)

 

Ø  Manufacturing Process and Formulations

·         Detailed Process of Manufacture with Formulation

·         Packaging Required

·         Process Flow Sheet Diagram

 

Ø  Infrastructure and Utilities

·         Project Location

·         Requirement of Land Area

·         Rates of the Land

·         Built Up Area

·         Construction Schedule

·         Plant Layout and Requirement of Utilities

 

Project at a Glance

Along with financial details as under:

 

  •     Assumptions for Profitability workings

  •    Plant Economics

  •    Production Schedule

  •    Land & Building

            Factory Land & Building

            Site Development Expenses

  •    Plant & Machinery

             Indigenous Machineries

            Other Machineries (Miscellaneous, Laboratory etc.)

  •    Other Fixed Assets

            Furniture & Fixtures

            Pre-operative and Preliminary Expenses

            Technical Knowhow

            Provision of Contingencies

  •   Working Capital Requirement Per Month

             Raw Material

            Packing Material

            Lab & ETP Chemical Cost

           Consumable Store

  •   Overheads Required Per Month And Per Annum

         Utilities & Overheads (Power, Water and Fuel Expenses etc.)

             Royalty and Other Charges

            Selling and Distribution Expenses

  •    Salary and Wages

  •    Turnover Per Annum

  •   Share Capital

            Equity Capital

            Preference Share Capital

 

  •    Annexure 1:: Cost of Project and Means of Finance

  •    Annexure 2::  Profitability and Net Cash Accruals

                Revenue/Income/Realisation

                Expenses/Cost of Products/Services/Items

                Gross Profit

                Financial Charges     

                Total Cost of Sales

                Net Profit After Taxes

                Net Cash Accruals

  •   Annexure 3 :: Assessment of Working Capital requirements

                Current Assets

                Gross Working. Capital

                Current Liabilities

                Net Working Capital

                Working Note for Calculation of Work-in-process

  •    Annexure 4 :: Sources and Disposition of Funds

  •    Annexure 5 :: Projected Balance Sheets

                ROI (Average of Fixed Assets)

                RONW (Average of Share Capital)

                ROI (Average of Total Assets)

  •    Annexure 6 :: Profitability ratios

                D.S.C.R

                Earnings Per Share (EPS)

               

             Debt Equity Ratio

   •     Annexure 7   :: Break-Even Analysis

                Variable Cost & Expenses

                Semi-Var./Semi-Fixed Exp.

                Profit Volume Ratio (PVR)

                Fixed Expenses / Cost 

                B.E.P

  •   Annexure 8 to 11:: Sensitivity Analysis-Price/Volume

            Resultant N.P.B.T

            Resultant D.S.C.R

   Resultant PV Ratio

   Resultant DER

  Resultant ROI

          Resultant BEP

  •    Annexure 12 :: Shareholding Pattern and Stake Status

        Equity Capital

        Preference Share Capital

  •   Annexure 13 :: Quantitative Details-Output/Sales/Stocks

        Determined Capacity P.A of Products/Services

        Achievable Efficiency/Yield % of Products/Services/Items 

        Net Usable Load/Capacity of Products/Services/Items   

       Expected Sales/ Revenue/ Income of Products/ Services/ Items   

  •    Annexure 14 :: Product wise domestic Sales Realisation

  •    Annexure 15 :: Total Raw Material Cost

  •    Annexure 16 :: Raw Material Cost per unit

  •    Annexure 17 :: Total Lab & ETP Chemical Cost

  •    Annexure 18  :: Consumables, Store etc.,

  •    Annexure 19  :: Packing Material Cost

  •    Annexure 20  :: Packing Material Cost Per Unit

  •    Annexure 21 :: Employees Expenses

  •    Annexure 22 :: Fuel Expenses

  •    Annexure 23 :: Power/Electricity Expenses

  •    Annexure 24 :: Royalty & Other Charges

  •    Annexure 25 :: Repairs & Maintenance Exp.

  •    Annexure 26 :: Other Mfg. Expenses

  •    Annexure 27 :: Administration Expenses

  •    Annexure 28 :: Selling Expenses

  •    Annexure 29 :: Depreciation Charges – as per Books (Total)

  •   Annexure 30   :: Depreciation Charges – as per Books (P & M)

  •   Annexure 31   :: Depreciation Charges - As per IT Act WDV (Total)

  •   Annexure 32   :: Depreciation Charges - As per IT Act WDV (P & M)

  •   Annexure 33   :: Interest and Repayment - Term Loans

  •   Annexure 34   :: Tax on Profits

  •   Annexure 35   ::Projected Pay-Back Period And IRR