Acrylic Resin (Emulsion Type)
PROJECT DESCRIPTION
Acrylic resins have become a key component in global manufacturing.Acrylic resin refers to a group of thermoplastic materials derived from compounds such as acrylic acid or methacrylic acid. The acrylic derivatives are added to heated plastic to create a material that can be used for many purposes. The material that is created from the thermoplastic acrylic mixture has high heat and impact resistance, as well as good clarity and UV resistance.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.
Acrylic resins are mostly used in the paints and coating industries.The global acrylic resin market is expected to grow at a CAGR of 4.3% and 4.4% from 2014 to 2019, in terms of volume and value respectively.PMMA beads form is expected to grow at an estimated CAGR of 7.6%, from 2013 to 2019.The paint sector in India is estimated at Rs 2,910,000mn and has been witnessing robust growth to the tune of 17% CAGR over the past seven years.As a whole there is a good scope for new entrepreneur to invest in this business.
Few Indian major players are as under
• Ambani Organics Ltd.
• Ashok Polymers Ltd.
• Asian Paints Indl. Coatings Ltd.
• Asian Paints Ltd.
• Berger Paints India Ltd.
• Fusion Polymers Ltd.
| Plant capacity |
Plant & machinery |
Working capital |
Cost of Project |
T.C.I |
Return |
Break even |
| Acrylic Resin (Emulsion Type): 10 MT/Day |
Rs 249 lakhs |
- |
52900000 |
Cost of Project: Rs529lakhs |
29.00 |
56.00 |
