Intro:
If you want to begin a new and profitable career in manufacturing, then it is important that you understand which industries are most likely to generate long-term success. Manufacturing is the production of merchandise for use or sale using labour and machines, tools, chemical and biological processing, or formulation.
Manufacturing Engineering or manufacturing process are the steps through which raw materials are transformed into finished goods on a large scale; the product of this process is sometimes called manufactured goods, although the term usually refers only to the output of factories.
There are many different types of businesses in the world, and one industry that is consistently booming and growing each year is manufacturing. For this reason, it’s a great idea to consider starting your own manufacturing business!
Download PDF: 5 Manufacturing Business Ideas for Entrepreneurs- Start your Business now!
The following list highlights 5 Manufacturing Business Ideas for Entrepreneurs with excellent growth potential, as well as key considerations when starting a business within each industry.
Here are 5 Manufacturing Business Ideas for Entrepreneurs:
1. Surgical Cotton Manufacturing Business
Surgical cotton is also termed as “cotton wool” or “absorbent cotton” in some cases. Surgical/absorbent cotton is cleansed, de-oiled, and bleached cotton that is packed in various sizes. Because surgical/absorbent cotton comes into direct contact with the human body, its quality is critical, and it must comply with all pharmaceutical regulations.
Business Plan: Surgical Cotton Manufacturing Business
Virgin cotton or waste cotton can be utilised as a raw material. Comber waste cotton is preferable when it comes to waste cotton. The fibres of surgical/absorbent cotton are particularly elastic.
Surgical cotton is extensively used in hospitals, clinics, health centres, and pharmacies for medical purposes. It’s also used for a variety of purposes in beauty salons, businesses, and residences.
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Surgical/absorbent cotton is used for sanitary reasons, surgical procedures, and everyday use. It is usually required by women during their menstrual period, which occurs once a month. It’s not simply used for dressing; it’s also utilised for padding in clothing, comforters, and other items. Medical absorbent cotton demand is strongly linked to population growth, as well as the expansion of public health and related healthcare services.
In hospitals, clinics, nursing homes, and other facilities, medical absorbent cotton is in high demand, and demand is consistent throughout the year. An increase in the prevalence of chronic diseases, operations, and treatments, as well as wound dressings, etc. In the future, the global market for medial absorbent cotton is predicted to grow.
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2. Sodium Hypochlorite Manufacturing Business
The active ingredient of chlorine bleach, a powerful oxidant and bleaching agent, is sodium hypochlorite (NaClO). The majority of the increase in home bleach use is due to population growth. As a result of population growth and associated increases in water consumption, combined with limited fresh water resources, water treatment is the most common and fastest-growing application for bleach.
Business Plan: Sodium Hypochlorite Manufacturing Business
The manufacturing of sodium hypochlorite chemicals is a well-established industry process, and the same approach is used to minimise chlorine emissions in chlor-alkali facilities. Sodium hypo chlorite, often known as Chemic, was first used to bleach linen in the textile business. Cotton, too, was bleached using hypochlorite when it became popular. The most extensively used of all chlorinated bleaches is liquid bleach, often known as soda bleach liquor in the paper and textile sectors.
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The market for sodium hypochlorite is expected to reach USD 205 million in 2020, with a CAGR of approximately 5.5 percent between 2022 and 2027, owing to its use in wastewater treatment, household cleaning products, textiles, and the chemical sector. The market is predicted to develop due to rising popularity of sodium hypochlorite as a bleach and disinfectant in water treatment and domestic hygiene products.
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For the past two centuries, sodium hypochlorite has been widely employed in textile finishing. Sodium hypochlorite is now used in textile production for the preshrinking of wool. Other compounds have mostly replaced sodium hypochlorite in earlier applications such as cotton whitening, stonewashing jeans, and dyed textile decolorization. The market is rising due to increased demand for the product from the water treatment chemical industry. Chlorine is an important component of disinfectants since it has the ability to kill diseases like bacteria and fungi.
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3. Tennis Rackets Manufacturing Business
A tennis racquet is used to hit a ball during a game of tennis. Tennis is expected to grow in popularity among health-conscious people as sports become more important in regulating body metabolism and developing physical strength. A racket is a sporting instrument made out of a handled frame and an open hoop over which a network of strings or catgut is stretched taut.
Business Plan: Tennis Rackets Manufacturing Business
It’s used to hit a ball in sports like tennis. Racket design and production have evolved dramatically over the decades. The tennis racket market is expected to reach a value of over US$ 700 million by 2030, growing at a CAGR of 3.5 percent between 2020 and 2030. Due to modest growth in mature economies such as North America and Europe, the tennis racket market has had a historical CAGR of almost 1% during the period (2015-2019), and is expected to reach a valuation of US$ 214 million by 2030.
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The surge in popularity of tennis around the world is driving the tennis equipment market. Tennis has gained worldwide popularity as a result of an increase in the number of tournaments and promotional activities.
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4. Stainless Steel Cold Rolled Coil using Stainless Steel Scrap
Cold rolling is a work hardening procedure that is commonly used to process stainless steel to change the structure of the metal. As a raw material, cold rolled stainless steel is used in a wide range of medical, aeronautical, and automotive applications. Continue reading to discover more about cold rolled steel, including what it is, how it is made, and what it may be used for.
Business Plan: Stainless Steel Cold Rolled Coil using Stainless Steel Scrap
The major goal of cold rolling steels is to reduce the thickness of hot rolled steel strips (typically in the range of 1.5 mm to 5 mm) to thinner thicknesses (generally in the range of 0.12 mm to 2.5 mm) that are impossible to achieve in a hot strip mill. Cold rolling is used for a variety of purposes, including increasing the surface polish of steels, improving thickness tolerances, offering a variety of ‘tempers,’ improving physical qualities, and preparing the strip for surface coating.
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Construction, surgery, kitchen basics, and other industries employ stainless steel cold rolled coil. External bannisters and handrails can be made out of 304 stainless steel, which has good processing properties and weldability. 316 stainless steel is ideal for kitchen basics like equipment, cutlery, and cookware, and it offers a wide range of forms and corrosion resistance.
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316L stainless steel is ideal for medical and surgical applications that require a high level of consistency. The increased demand for product penetration in consumer base products such as refrigerators, ventilation systems, dishwashers, sinks, and prep tables is likely to drive future growth possibilities for stainless steel strips. In the coming year, the stainless steel strips market is likely to see considerable expansion in these applications.
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5. Linear Alkyl Benzene Sulphonic Acid
Linear alkyl benzene sulfonic acids are complex mixtures of homologues of different alkyl chain lengths (C10 to C13 or C14) and phenyl positional isomers of 2 to 5-phenyl in proportions dictated by the starting materials and reaction conditions, each containing an aromatic ring sulfonated at the para position and attached to a linear alkyl chain at any position with the exception of terminal one, each containing an aromatic (1-phenyl).
Business Plan: Linear Alkyl Benzene Sulphonic Acid
The physical and chemical properties of linear alkyl benzene sulfonic vary depending on the alkyl chain length, resulting in formulations for varied uses.
- HI&I cleaning
- Emulsion polymerization
- Metalworking
- Paints & coatings
- Laundry detergents
- Industrial auxiliaries
- Oil fields
- Agriculture
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The global linear alkyl benzene sulfonic acid market is being driven by an increase in demand for liquid detergents in various end-use sectors such as food & beverage, textiles, and household around the globe. Linear alkyl benzene sulfonic acid has great foaming characteristics and aids in stain removal by lowering the water’s surface tension.
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Other surfactants, such as alcohol ether sulphates (AES), compete with linear alkyl benzene sulfonic acid by offering better enzyme compatibility, stronger hard-water tolerance, and being gentler than linear alkyl benzene sulfonic acid. The global Linear Alkyl Benzene Sulphonic Acid market was worth USD 3606.9 million in 2020, and it is predicted to rise at a CAGR of 3.5 percent from 2021 to 2027, to reach USD 4601.4 million by the end of 2027.
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