India Polymer Additives Market Driven by Growth in the Manufacturing Sector and Increased Consumption of Polymer and Plastic Products: Ken Research

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India Polymer Additives Market Driven by Growth
in the Manufacturing Sector and Increased
Consumption of Polymer and Plastic Products Ken
Research
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• The growing manufacturing sector, rise in use of
  polymer products in industries and increasing
  consumption of end products by the excessively
  large middle class of India were the key factors
  driving growth of polymer additives market in
  India.
• India Polymer additives market is concentrated
  with the presence of few organized players which
  manufacture in India as well as import polymer
  additives from other countries. Many of these
  companies have multiple manufacturing plants
  located all across the globe. The companies
  (indigenous as well as MNCs) which have made a
  foothold in the Indian market are namely BASF,
  Baerlocher India, Adeka India, KLJ Group, HPL
  Additives, Payal Group, Amines and Plasticizers
  and others. These companies compete on the basis
  of price, quality, just in time delivery and the
  range of products that they offer. There are
  several unorganized players as well which mainly
  import additives from other countries. These
  players largely serve the medium and

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small scale polymer manufacturers in the vicinity
of their location. The major players of the
market have their own distribution channel with
sales team and offices in different zones of the
country. The polymer additives market is highly
dependent on the oil and gas industry for raw
material and the polymer industry (especially
plastic) for demand. Any fluctuation in these
industries leads to a huge effect on the polymer
additives industry. Fluctuation of the crude oil
prices in recent years had an effect on the
overall growth rate of the market, but the
promising future in the automobile, electronic,
construction and other industries have been the
key drivers of the overall growth of the
industry. The growth in these industries is a
result of the growing demand of the consumer
products by the middle class as well as the
rapidly growing manufacturing sector in India.
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The report titled India Polymer Additives Market
by Type (Stabilizers, Plasticizers, Antioxidants,
Flame Retardants and Modifiers), by Application
(PVC, Polyolefin and Other) Outlook to 2022 by
Ken Research suggested a positive CAGR of 8 in
terms of total revenue of polymer additives in
the next 5 years with plasticizer expected to
contribute over 58 in revenue by 2022.
According to Ken Research, the dependency of
the Indian market on imports is still high. On
the basis of value in FY2017, around 30 of
additives were imported. The Chinese additives
available in the market are cheap with low
quality. Companies are importing these products
without considering the negative effect these low
quality additives will have on the industry.
Additionally, these additives do not comply with
environmental regulations and standards and pose
a great danger to the environment.
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For more information on the market research
report please refer to the below
link https//www.kenresearch.com/metal-mining-an
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esearch-report/599-101.html Contact Ken
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Communications sales_at_kenresearch.com 91-124-42302
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