15 Profitable Projects. Choose a Business to Start. Profitable Business Ideas for Become your Own Boss

 

The Micro, Small and Medium Enterprises (MSME) sector has emerged as a highly vibrant and dynamic sector of the Indian economy over the last five decades. It contributes significantly in the economic and social development of the country by fostering entrepreneurship and generating largest employment opportunities at comparatively lower capital cost, next only to agriculture. MSMEs are complementary to large industries as ancillary units and this sector contributes significantly in the inclusive industrial development of the country. The MSMEs are widening their domain across sectors of the economy, producing diverse range of products and services to meet demands of domestic as well as global markets.

The Micro, Small & Medium Enterprises (MSMEs) have been contributing significantly to the expansion of entrepreneurial endeavors through business innovations. The MSMEs are widening their domain across sectors of the economy, producing diverse range of products and services to meet demands of domestic as well as global markets.

List of Few Business Ideas that will Really Help you out:

Bright Steel Bar from Black Bar

Black steel is created through a mill process which involves rolling the steel at a high temperature (typically at a temperature over 1700° F), which is above the steel’s recrystallization temperature. When steel is above the recrystallization temperature, it can be shaped and formed easily, and the steel can be made in much larger sizes.

Bright drawn steel is essentially black steel that has had further processing. The steel is processed further in cold reduction mills, where the material is cooled (at room temperature) followed by annealing and/or tempers rolling.

The raw material used in the bright bar manufacturing process are called ‘black bars’ – steel wire rods that are mostly in coil form. They are cleaned by removing their scales, which is done either by ‘pickling’ (acid cleansing) or ‘shot blasting’ (blasting steel balls) techniques. Once cleaned, the curvy coil is opened, straightened and fed into the Combined Wire Drawing machine. In the drawing machine, the wire rods are reduced (‘drawn’) to a smaller diameter, straightened and polished/cut to required specifics. The resultant finished product is a Bright Bar (called ‘bright’ due to its shiny finish), also called a Cold Drawn Bar.

Silicone Release Paper

Silicone Release Paper makes a big impact in a lot of little ways throughout our daily lives. From the bandage paper we peel away after a nasty paper-cut to the backing of every postage stamp we place, silicone release paper keeps fresh and tacky a wide variety of adhesives. While normal paper bonds to adhesives, release paper is designed specifically to be easy to pull away, without the risk of it falling off on its own.

Global silicone release paper market is expected to expand at a lucrative CAGR during the forecast period, due to rising demand from application segments such as tapes, labels and other sealant product industries. Expected growth in end use sectors: construction, food & beverages, automotive & electronics over forecast period is anticipated to drive the silicone release papers market worldwide.

Plastic Corrugated Sheet & Boxes

Corrugated plastic Sheets are extruded twin-wall profile with two flat top and bottom layers connected by vertical ribs. It is made of high impact polypropylene resin. Currently being exported to countries like Qatar, New Zealand, Germany, Philippines, UK and Spain, this product is achieving new growth. Since polypropylene corrugated sheets have a high strength to weight ratio due to the structure of construction, they also have good cushioning property with the presence of air between two layers. This high ratio makes these sheets cost effective.

Plastic corrugated boxes are a versatile solution and a cost-effective replacement for cardboard, fiberboard, molded plastic, and other substrates. Corrugated bin boxes can be regular slotted containers (RSC), half slotted containers (HSC), or roll end lock front containers (RELF).

World demand for corrugated boxes is forecast to increase 4.2% per year to 234 billion square meters in 2017, slightly outpacing real (inflation-adjusted) gains in GDP. Factors contributing to rising box demand include growth in industrial activities, particularly the manufacturing sector, which often requires corrugated packaging to protect and transport goods. The global Corrugated Plastic Sheets market will reach xxx Million USD in 2018 and CAGR xx% 2018-2023. 

Steel Wire Rope

A steel wire rope is made up of individual steel wires spun into a strand. A number of strands are closed over a central core to make up a rope. The number and size of wires will determine the best compromise possible between large wires for maximum corrosion protection and resistance to abrasion, and smaller wires for the required flexibility and handling.

Wire rope is several strands of metal wire twisted into a helix forming a composite "rope", in a pattern known as "laid rope". In stricter senses the term "wire rope" refers to diameter larger than 3/8 inch (9.52 mm), with smaller gauges designated cable or cords.

Homeo & Bio Medicines with Mother Tincture

Homeopathy is a type of option drug made in 1796 by Samuel Hahnemann taking into account his regulation of like cures like (similia similibus curentur), whereby a substance that causes the side effects of a sickness in solid individuals will cure comparable manifestations in wiped out individuals.

Biomedicine is a major engine for both medical progress and economic growth as well as an integral part of how health, illness, and individual identity are understood. However, the foundations of biomedicine are in the midst of a great transformation, a transformation with profound implications for medicine, research, commerce, and public policy.

Global homeopathy product market will exhibit a promising 18.2% CAGR over the period between 2016 and 2024. If the number holds true, the market, which valued at US$3,867.7 mn in 2015, is expected to reach US$17,486.2 mn by 2024.

Tin Containers

A tin container is a compact tin box designed for the storage and distribution of goods. This tin can is crafted out of a thin metal that can be anything ranging from iron to aluminium. Although not always, these small metal cans often feature a tin plating. They can be found in any form, size, and color. These packaging materials are mostly applied in the food and cosmetics industry.

Besides their dominant presence in the above-named industries, they are often used for personal storage purposes. Especially the older tins that have a nostalgic value can often be found in people’s living rooms or kitchens where they function as decoration. Still today, decorated tin boxes are being sold during the holiday season. These beautiful small tin containers with lids are a popular gift as they are often filled with chocolate or cookies. The smaller types of these decorated tins are often reused by people to store their personal items.

Air Cooler

The function of an air cooler is similar to that of an evaporator. An air cooler is a heat exchanger used to cool and/or dehumidify the air. Brine (water with glycol) is typically used as a coolant in air coolers or some other secondary coolant can be used. An air cooler can, for example, be copper or steel pipe onto which aluminium fins are fitted. The cooling medium flowing through the heat exchanger cools the aluminium fins, where heat is exchanged between the cooling medium and the air. The air that is to be cooled/dehumidified is forced over the aluminium fins by a fan. Air coolers are used for air conditioning in buildings, industrial air cooling processes, etc. 

Air cooler market is anticipated to cross a market size of INR 9000 crore by 2021. The Indian cooling market is witnessing an increase in the use of green technologies. Market vendors are increasingly adopting green technologies to create energy-efficient and eco-friendly air cooling systems. The air-cooler market in India has witnessed rapid growth in recent times thanks to the country’s strong economic performance, rising household incomes and a favourable shift in consumer perceptions towards air-coolers. High and rising temperature levels are leading to greater demand for cooling solutions. In India, especially among the mid-income groups, there is a huge demand of air coolers.

Aerosol Spray (Rose Flavour Tube, Night Queen, Jasmin)

Aerosol spray is a type of dispensing system which creates an aerosol mist of liquid particles. This is used with a can or bottle that contains a payload and propellant under pressure. When the container's valve is opened, the payload is forced out of a small hole and emerges as an aerosol or mist. As propellant expands to drive out the payload, only some propellant evaporates inside the can to maintain a constant pressure.

The global aerosol market size is expected to reach USD 123.98 billion by 2025. Increasing demand for aerosol products for packaging products such as insecticides and household cleaners is expected to emerge as the primary growth driver over the forecast period. The market is expected to be driven by the rising demand for aerosol based   products. In addition, the industry is likely to exhibit high growth on account of demand for personal care products.

Acid Slurry (From Linear Alkyl Benzene)

Acid slurry or alkyl benzene sulphonate is prepared by sulphonation of Linear Alkyl Benzene (LAB) with a suitable sulphonating agent. Batch sulphonation with either diluted SO2 gas or concentrated sulphuric acid or a mixture of 20% oleum and 98% sulphuric acid or oleum alone. Linear alkyl benzene is the raw material used to manufacture linear alkyl benzene sulfonate (LABSA), an active ingredient in the formulation of detergents. LABSA eliminates dirt by its physicochemical mechanism and it is one of the surfactants most widely used in liquid cleaners and in powder. LABSA has been used for more than 45 years in the manufacture of detergents and it is known for its excellent quality/price ratio.

The global linear alkyl benzene (LAB) market is expected to register a CAGR of 3.15% during the forecast period, 2018 - 2023. Linear alkyl benzene, an organic compound, is an intermediary in the production of surfactants, which is mainly used in detergents. LAB removes oil and fatty soil absorbed into the fabric, textile or any other material. LAB is mostly used to manufacture LAS to produce detergents, house cleaners, fabric softeners, and soap bars. Linear alkyl benzene sulfonic acid (LABSA) is the largest-volume synthetic surfactant because of its relatively low cost, good performance. LAB is straight chained and can be dried to a stable powder, which are biodegradable. LAB is also required for the manufacturing of LABSA and linear alkyl benzene sulfonate (LAS), which comprises the largest global share in synthetic surfactant sector. About 83-87% of LAS is being used in household detergents, dishwashing liquids, laundry liquids, laundry powders, and other household cleaners. Heavy-duty laundry liquids are used for blankets, carpets, and bed-sheets while light-duty laundry liquids are used for regular clothes. Industrial, institutional, and commercial cleaners account for most of the other applications.

Automobile Radiators

Radiators are heat exchangers used for cooling internal combustion engines, mainly in automobiles but also in piston-engine aircraft, railway locomotives, motorcycles, stationary generating plant or any similar use of such an engine. Internal combustion engines are often cooled by circulating a liquid called engine coolant around the engine block, where it is heated, then through a radiator where it loses heat to the atmosphere, and then returned to the engine. Engine coolant is usually water-based, but may also be oil. It is common to employ a water pump to force the engine coolant to circulate, and also for an axial fan to force air through the radiator.

The global automotive radiator market is expected to reach an estimated $13.5 billion by 2022 and it is forecast to grow at a CAGR of 5.2% by value from 2017 to 2022. The major growth drivers of this market are increasing production of passenger cars and light commercial vehicles, increasing radiator aftermarket demands, and stringent government emission standard for fuel efficiency.

Nylon Polyester & Polypropylene Rope

Polyester ropes are almost as strong as nylon when dry. Polyester retains its strength when wet, and thus polyester ropes are generally stronger than nylon ropes when wet. Polypropylene is probably the most common material found in ropes used in the marine field. Polyester rope it’s only about 90% as strong as nylon in strength when a steady force is applied and does not absorb shock loads as well. It is also holds up as well against damage from most chemicals, rot, and mildew as nylon, but is superior in resistance to abrasion and sunlight, stretches far less.  What is more, polyester rope Polyester rope is not lose strength when wet as nylon does.

Polypropylene rope is the most popular all-purpose rope for the average consumer.  It is a high quality, light-weight rope that is affordable and very functional. It is high quality, strong for its weight, but it is not very UV, heat, or abrasion resistant.  For this reason, it is generally not a good choice for long term applications where the rope would be exposed to sun or abrasion. Polypropylene rope is rot resistant and floats, making it very popular for water sports and markers.

Globally, increasing demand for synthetic ropes from marine & fishing and oil & gas industry is expected to drive the demand for synthetic ropes during the period of study. The global synthetic rope market is driven by the numerous benefits as compared to steel ropes such as synthetic rope are much lighter in weight, high tensile strength, flexibility and improved performance.

Mechanical Toys

Mechanical toys are toys powered by mechanical energy. Depending on the mechanism used they can perform a range of motions, from simple to very complex. Mechanical toys use several types of mechanisms, because Cam toys are powered by a very large cam and even bigger cam follower which transfers the cam rotation to the working area of the toy. The cam is unevenly rotated by placing the rotator out of the ideal center. This transforms the circular motion into motion that moves up and powers the toy.

The demand in the global smart toys market is expected to increment at a considerable CAGR, gaining traction from a number of factors such as advancements in artificial intelligence (AI) and the Internet of Things, changing lifestyle of urban population who have increased their disposable income but losing on time for parenting, and growing awareness regarding the benefits offered by these modern toys, both outdoor and indoor. Toys market is estimated to reach a net worth of US$1,619.6 mn by 2022. Japan smart toys market is expected to create absolute dollar opportunities of US$56.1 mn between 2017 and 2022. 

Disposable Cigarette Gas Lighter

Cigarette lighters of the type using liquefied gas such as butane for fuel, and more particularly to a lighter which may be thrown away after the, initial supply of fuel has been exhausted. The usual means of refilling a gas cigarette lighter is by use of a separate disposable tank   or by what is called a refill system whereby liquefied gas from a large supply container is allowed to flow into a reservoir contained within the lighter. Lighters of these types are relatively expensive since they must be made of exceptionally durable material since they are expected to work for years. As a result, the cost of the material going into such lighters is quite high. Attempts have been made heretofore to provide disposable non-refillable lighters of the gas type. However, as far as it is known, none of the so-called disposable lighters have been successful.

The global cigarette lighter market was worth US$ 6 Billion in 2017. The report further anticipates the market to cross US$ 7 Billion by 2023, at a projected CAGR of 2.5% over the forecast period.

Electrical Insulating Tape Using Bopp Film

These tapes are used in electrical insulation purpose, in packaging, sealing and a various other general uses. These tapes are also used for general labelling with printing.

Packaging in India is an Rs.11, 500 crores industry and growing at the rate of 18 per cent annually. The global market for packaging is US $900 billion and India’s share is only US $3 billion, but while the per capita expenditure on packaging in the US is a whopping US $125, it is only $6.5 in India. Therefore, there is a huge potential for growth in the Indian packaging industry.

Ball Bearing Manufacturing

A ball bearing is a type of rolling-element bearing that uses balls to maintain the separation between the bearing races. The purpose of a ball bearing is to reduce rotational friction and support radial and axial loads. Ball bearings are rolling element bearings that use balls to separate the bearing races and provide smooth, low friction motion in rotary applications. Ball bearings are manufactured in hundreds of sizes, from the ultra-small 1.50 mm diameter bearing for use with miniaturized medical devices and micro-motors, to bearings over 15 feet in diameter for use in heavy equipment. Manufacturing process involving machining, heat treating, grinding, honing, lapping and assembly. Although there may be variations, the following process applies to the vast majority of standard ball bearings produced today.

The growth of the bearings industry is correlated to the growth of the automotive and industrial industries. Moreover, increase in production of commercial vehicles is one of the key drivers of the bearings industry. The global bearings market size was estimated at $78,779 million in 2014. It is estimated to be valued at $140,792 million in 2022, registering a CAGR of 7.5% during the forecast period.

 

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