Fusion bonded epoxies are one part, heat curable, thermosetting epoxy utilized for corrosion protection. FBEs are applied to heated parts in a powder form that rapidly gels from liquid to a solid and have remarkable adhesion to the steel surface. Fusion bonded epoxy coating, commonly referred as FBE coating is widely used to protect concrete reinforcing TMT bars, steel pipes, piping connections, etc used in construction.
The domestic demand is based on the per capita consumption in the urban sector increasing from 77 kg to 165 kg in 2019-20 at an annual growth of 5%. Likewise the per capita consumption in rural areas was expected to rise from 2 kg per annum to 4 kg by the terminal year (a CAGR of 4.4%). India has one of the lowest consumption rate in the world - around 33 kg per person to China's 200 kg, and South Korea's 900 kg. The thrust to an increased growth of over 7% is expected to be realised by a 13% annual increase in exports. Thus, due to demand it is a good project for entrepreneurs to invest.
Few Indian major players are as under
· Amba Shakti Ispat Ltd.
· B M M Ispat Ltd.
· Bildon Steels (India) Ltd.
· Brilliant Steel Products Ltd.
· Durgapur Steels Ltd.
· Electrosteel Castings Ltd.
· Hans Ispat Ltd.
· J S W Steel Ltd.
· Kamdhenu Ltd.