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Best Business Opportunities in Jharkhand- Identification and Selection of right Project, Thrust areas for Investment, Industry Startup and Entrepreneurship Projects

Mining & Minerals: Project Opportunities in Jharkhand

PROFILE:

Minerals are valuable natural resources being finite and non-renewable. They constitute the vital raw materials for many basic industries and are a major resource for development. Management of mineral resources has, therefore, to be closely integrated with the overall strategy of development; and exploitation of minerals is to be guided by long-term national goals and perspectives. Ministry of Mines is responsible for survey and exploration of all minerals, other than natural gases, petroleum and atomic minerals, for mining and metallurgy of non-ferrous metals like aluminium, copper, zinc, lead, gold, nickel, etc. and for administration of the Mines and Minerals (Regulation and Development) Act, 1957 in respect of all mines and minerals other than coal, natural gas and petroleum.

The newly carved out resource rich State of Jharkhand is widely acclaimed as the region of the future, having immense potential for industrialisation with its large deposits of minerals which could provide a firm launching pad for various industries.

RESOURCES:

Jharkhand is one of the richest zones of minerals in the world. The 40% of the total minerals of the country are available in this state. The State is the sole producer of cooking coal, uranium and pyrite. It ranks first in the production of coal, mica, kyanite and copper in India. The geographical exploration and exploitation of gold, silver, base metals, decorative stones, precious stones, etc. are the potential areas of the future. Jharkhand is also endowed with other resources such as surface and ground water, land with immense bio-diversity, moderate climate, disciplined and skilled manpower, adequate availability of power, which are the basic essentials for the growth and development of industries.

GOVERNMENT POLICIES:

Jharkhand region is generously endowed with Mineral Wealth and the State Government is committed to create an environment conducive to the growth of Mining and Mineral based Industries in the State. In view of this, the State's Industrial policy covers certain clauses relevant for Mining and Mineral sector, which are enumerated below:

•        Simplify procedures and expedite granting of mining leases.

•        Provide certain relief to make mining activities easier.

•        Encourage use of modern exploration techniques to set up a resource inventory of various minerals in the State.

•        Encourage joint venture projects with SMDC.

•        Clear mining lease applications and project report within 60 days.

•        Encourage foreign investment and technological collaboration by OCBs and NRIs in selected sectors including Mineral development.

•        Encourage Private Sector participation in Mining Activities

Jharkhand State Mineral Development Corporation Ltd. was incorporated on 7th May, 2002 after bifurcation from Bihar State Mineral Development Corporation Ltd. JSMDC is a Government of Jharkhand Undertaking under the Dept. of Mines & Geology, Govt. of Jharkhand. It is premier producer and supplier of minerals and mineral based products in the State of Jharkhand. Core business of the Company is production and marketing of coal, limestone and its powder, kyanite, graphite, granite blocks and manufacturing of granite tiles of smaller dimensions. JSMDC is a consistently making profit company. Annual turnover is more than 100 Crores in the current fiscal year.

 

 

 

Agro-Based Industries: Project Opportunities in Jharkhand

 

 

PROFILE:

 

Agro-based industry would mean any activity involved in cultivation, under controlled conditions of agricultural and horticultural crops, including floriculture and cultivation of vegetables and post-harvest operation on all fruits and vegetables. The development of agro-industries has assumed crucial importance in the economic planning and progress of the country. The agro industry is regarded as an extended arm of agriculture. The development of the agro industry can help stabilise and make agriculture more lucrative and create employment opportunities both at the production and marketing stages. The broad-based development of the agro-products industry will improve both the social and physical infrastructure of India. Since it would cause diversification and commercialization of agriculture, it will thus enhance the incomes of farmers and create food surpluses. The state of Jharkhand having diversified agro-climatic conditions is much suited for the development horticulture based economy that has ample scope for its growth.

RESOURCES:

The agro-climatic conditions of the State are conducive for commercial cultivation of large varieties of fruits, vegetables,flowers and medicinal and aromatic plants. Plantation and Horticulture is one of the important sub sectors of Agriculture having ample scope for expansion in the state of Jharkhand. The state of Jharkhand has a total geographical area of 79.7 lakh ha out of which cultivable land is 38 lakh ha. The net irrigated area is only 1.57 lakh ha which is only 8% of the net sown area. The total area occupied for plantation and horticulture crop in the state is about 2.57 lakh hectares. Different kinds of fruits are grown in Jharkhand. The crops grown in Jharkhand are Mango, Litchi, Stone fruit (Peach), Citrus (Lime/Lemon), Awla and Papaya in fruits, Chilli, Turmeric and Ginger in spices, Rose, Marigold, Gerbera, Carnation and Gladiolus among flowers, Lemon grass, Palmarosa and Rosa damascena in aromatic plants, Cashew in Plantation crops. Jharkhand endowed with vast impounded fresh water resources in the form of tank/ponds and reservoirs. The major plantation crops cultivated in the State are cashew nut and coconut. The Board has identified the State as high potential State for coconut cultivation as the average productivity of coconut palm is 36 nuts per palm, which is above the national average of 34 nuts. Cashew nuts popularly known as a gold mine of wastelands is very ideal for cultivation in wastelands and hence there is good potential for cashew cultivation especially in East and West Singhbhum districts. Tea plantation in a small measure has been taken up in Ranchi district, which has a favourable climate for growing tea.

 

 

 

GOVERNMENT POLICIES:

 

 The promotion of Agro-based industries is among the priorities of the State Government. The state has assured supply of fruits & vegetables grown by applying scientific techniques, investment in post harvest and good transport infrastructure. The National Horticulture Mission (NHM) in the Jharkhand State was launched in late 2005-06 initially in 10 districts with main focus on production of planting materials, vegetable seed production, establishment of new gardens, creation of water resources etc. Establishment of new gardens include perennial and non perennial fruits, spices, floriculture, aromatic and medicinal plants. This scheme was 100 % sponsored by Central Govt. during 2005-06 and 2006-07 (Xth Five Year Plan). However, during 2007-08 and onwards (XIth Five Year Plan) this scheme has been implemented in 15 districts with the pattern of assistance as 85:15 by Central Govt. and State Govt. respectively. The Jharkhand government has decided to set up a food park to kick off the development of the food processing sector in the state and attract investors. In general very few small scale food processing industries are present in the state.

 

 

 

 Sericulture (Tasar Silk): Project Opportunities in Jharkhand

 

PROFILE:

Sericulture is an agro-based industry. It involves rearing of silkworms for the production of raw silk, which is the yarn obtained out of cocoons spun by certain species of insects. The major activities of sericulture comprises of food-plant cultivation to feed the silkworms which spin silk cocoons and reeling the cocoons for unwinding the silk filament for value added benefits such as processing and weaving. Silk is a fine strand of fiber that is a solidified secretion produced by certain caterpillars to encase themselves in the form of cocoons. India is second largest producer of silk. Sericulture industry is looking out for the developments of young age silk worm rearing or chawki rearing. Care of silk worms start from the stage of procurement of silk worm eggs from the grainage itself. Silk worm eggs are distributed to the farmers for commercial rearing when active development of embryo is in progress. The important aspect of young silkworm rearing management are a suitable separate rearing house or room, well maintained mulberry garden with assured irrigation facilities. Sericulture has emerged as a virtual lifeline and a profitable employment avenue for villagers in Maoist-affected areas in India's eastern Jharkhand. Under the aegis of the Jharkhand state industrial department, farmers are beginning to rear silkworms.

RESOURCES:

Jharkhand, much like Chattisgarh and Uttaranchal, is endowed with adequate forest cover. These forests are home to two species of trees -Arjuna (Terminalia Arjuna) & Asan (Terminalia Tomentosa) which are breeding ground for the moth which produces the cocoon from which Tasar yarn is reeled. Jharkhand's forest department is also planning to encourage planting of Arjuna trees in place of the traditional Acacia or Eucalyptus trees. Tussar Food plants are available over an area of 9 lakh hectares. The Singhbhum and Santhalpargana regions are the main silk producing centres in the State. The State is promoting this activity through 28 pilot project centres situated in different areas. Each rearer can rear on an average 200 eggs or Disease Free Laying (DFLs) so the annual demand of commercial seed or egg is of 130 lakh. There are three types of seeds or eggs – Nucleus, Basic seed and Basic seed multiplied to commercial seed.

GOVERNMENT RESOURCES:

Tasar culture is a backbone for Tribal development, and the Government of India, through the Central Silk Board and different State Governments have initiated several developmental and welfare measures for the tribal welfare through it. Jharkhand's forest department is also planning to encourage planting of Arjuna trees in place of the traditional Acacia or Eucalyptus trees. Jharkhand Sericulture Development Institute (JSDI) and Jharkhand Silk Technical Development Institute (JSTDI) are being strengthened to give an impetus to this sector. During the year 2010-11, it is proposed to rear 2.35 lakh tasar nucleus DFLs, 16 lakh of tasar basic DFLs and 96 lakh of commercial DFLs through seed and commercial rearers in the State. It is proposed to be benefited 40,000 -50,000 Tasar farmers through Tasar seed production and its rearing during the year.

 

Steel Industry

 

PROFILE:

Steel Industry is a booming industry in the whole world. India’s economic growth is contingent upon the growth of the Indian steel industry. Consumption of steel is taken to be an indicator of economic development. While steel continues to have a stronghold in traditional sectors such as construction, housing and ground transportation, special steels are increasingly used in engineering industries such as power generation, petrochemicals and fertilisers. Indian Steel Industry is more than a century old. India has now emerged as the eighth largest producer of steel in the world with a production capacity of 35MT. Almost all varieties of steel is now produced in India. India has also emerged as a net exporter of steel which shows that Indian steel is being increasingly accepted in the global market. The growth of the steel industry in India is also dependant, to a large extent, on the level of consumption of steel in the domestic market. Steel consumption is significant in housing and infrastructure. In recent years the surge in housing industry of India has led to increase in the domestic demand for steel.

 

 

RESOURCES:

Jharkhand emerges as hub for steel companies. The state is endowed with deposits of Iron Ores of both, Hematite & Magnetite. The Hematite deposits are mainly located in the West Singhbhum District and have a resource base exceeding 3700 Million Tonnes. These have been explored only in pockets by large industry houses in their lease hold. There is a very good scope of enlarging this resource base by further exploration. The Magnetite Deposits are located in the East Singhbhum, Latehar & Palamu districts. They comprise lenticular ore bodies as well as Schist rocks with 80 to 36% magnetic. The exploration of these bodies is yet to be taken up. The existing steel mills are sourcing their iron ore (Hematite) from West Singhbhum. The Magnetite ore is being used in heavy media coal washeries & paints. Tata Steel's largest plant is located in Jamshedpur, Jharkhand, with its recent acquisitions; the company has become a multinational with operations in various countries. If the interest shown by all the companies, big and small, in Jharkhand's iron ore deposits translates into reality, the state will produce more than half the total steel in India. First Iron & steel factory  is located at Jamshedpur and Largest Steel plant in Asia is Bokaro steel plant.

 

GOVERNMENT POLICIES:

Under the new industrial policy, iron and steel has been made one of the high priority industries. Price and distribution controls have been removed  as well as foreign direct investment up to 100% (under automatic route) has been permitted.  The Trade Policy has also been liberalized and import and export of iron and steel is freely allowed with no quantitative restrictions on import of iron and steel items. Tariffs on various items of iron and steel have drastically come down since 1991-92 levels and the government is committed to bring them down to the international levels.  With the abolishing of price regulation of iron and steel in 92, the steel prices are market determined. The policy devises a multi-pronged strategy to achieve these targets with following focus areas; removal of supply constraints especially availability  of critical inputs like iron ore; improve cost competitiveness by expanding and strengthening the infrastructure in roads, railways, ports and power; increase exports; meet the additional capital requirements by mobilizing financial resources; promote investments by removing  procedural delays. In addition the policy also addresses challenges arising out of environmental concerns, human resource requirements, R&D, volatile steel prices and the secondary sector. 

 

Rural Industries: Project Opportunities in Jharkhand

 

PROFILE:

Rural industry is an important source of employment for workers shifting out of agriculture. The rural industry continues to play a significant role in the expansion ofemployment, improvement in productivity and earnings, and poverty reduction in many non-industrialized countries; this is particularly the case in India. This sector has immense export potential which needs to be exploited to earn foreign exchange. To give thrust, the government aims to provide benefits in the various areas such as handloom, handicrafts, khadi village industries, forest based industries etc.

RESOURCES:

Handloom is labour intensive cottage industry sector providing employment to around 1.5 lakh weavers throughout the State. Various incentives to the handloom weavers are being provided under Deendayal Hastkargha Protsahan Yojana, which aims attaking care of wide gamut of activities, such as basic inputs like looms and accessories, product development, infrastructure support, institutional support, training to weavers, supply of equipment and marketing support, both at micro and macro levels in an integrated and coordinated manner for an overall development of the sector and benefit to handloom weavers. Handicrafts of Jharkhand reflect the cultural heritage, customs and traditions of the State. The State manufactures handicrafts in cane and bamboo works, woodcarving, stoneware, brassware, Lac based handicraft items, paper mache, terracotta, etc. The State Government may set up a model suitable ‘Handicraft Village’ in each of the districts of the State for promoting the traditional arts and crafts of the villages by adopting the "One Tambon One Product" model of Thailand. Various forest produce available in the state are mahua seed, sal seed, shellac, bamboo, kendu leaf, harre, bahera, etc.

 

GOVERNMENT POLICIES:

Focus of the Rural Industrial Policy:-

1.       Providing ample employment opportunities through rural industries.

2.       Establishing rural industries and providing help on priority basis for skill enhancement, modern technology, and marketing especially for beneficiaries of scheduled caste, scheduled tribe, backward, and minority sections.

3.       Giving priority to participation of women in development of rural industries.

4.       Encouraging participation of private sector, non-governmental organizations, cooperative societies, and self help groups for development of rural industries.

5.       Implementing cluster approach.

6.       Value addition to the minor forest produce and medicinal herbs in the tribal areas of the state itself and passing on the benefits to the tribal population of the area.

7.       Connecting rural industries with E-commerce.

With the implementation of the Rural Industrial Policy, active participation of experienced craftsmen and industrialists in the field of handloom, handicraft, leather industry, other cottage industries and silk centers would be ensured for overall development of rural industries in the rural areas.

 

 

Tourism: Project Opportunities in Jharkhand

 

PROFILE:

Tourism is one of the fastest growing industries in the world. The number of tourists worldwide has been registering phenomenal growth and it is expected that this number would shortly touch 1.5 billion. Tourism contributes about 11% of the world work force and 10.2% of the global gross domestic products. The dynamic growth of this industry is evident from the fact that a new job is added to this sector every 2.5 second. Jharkhand is endowed with rich cultural heritage and bestowed liberally with bounties of nature. Various initiatives are being taken by the Government and other organizations to promote tourism here. Jharkhand is blessed with an exotic landscape: the rolling hills, beautiful plateaus, sparkling rivers, etc. that largely contribute towards tourism at Jharkhand. Besides, the national parks, wildlife sanctuaries, holy shrines and museums, etc. largely attracts tourists to come to Jharkhand.

RESOURCES:

Blessed with immense biodiversity, moderate climate, rich cultural and historical heritage, Jharkhand is fast emerging as an ultimate tourist destination in eastern India. Jharkhand Tourism Department is taking utmost initiative to promote tourism in Jharkhand. A good number of hotels run by Jharkhand Tourism and private hoteliers have come up at popular tourist spots, which cater to all segments of travellers. Several Jharkhand Tourism Information Centers have been opened up in various parts of the city. These information centers provide details about Jharkhand travel, hotels, tourist attractions, travel agencies, licensed Jharkhand tourism guides and other important travel tips to holiday makers. Some of the major tourist spots in Jharkhand that play a vital role in the tourism industry of Jharkhand are: Netarhat, Betla National Park, Baidyanath Dham so on. It is noteworthy in this context that Kanke Dam, Ranchi Hill, Tagore Hill, Hatia Dam, Dasham Falls, Jagannath mandir, Jonah Falls, Hoondru waterfalls, etc. are the projects under the Tourism Industry of Jharkhand that heavily contributes towards the economy of the State.

GOVERNMENT POLICIES:

Jharkhand has huge potential in tourism sector. The tourism potential of the state has not been exploited and at the same time tourist spots have not been highlighted at national and international level. Jharkhand government seems to be serious to promote tourism in the state. The State Government would set up a Jharkhand Tourism Development Board to facilitate enter departmental co-operation and coordination to promote Tourism in the State. This Board would be set up under the chairmanship of the Chief Minister of Jharkhand with the Tourism Minister as Vice-chairman and Principal Secretaries/Secretaries of other relevant departments as members. The Board would also have representatives of the Hotel Association, Travel Agents Association, Adventure Sports Operators Association, NGO's and other non-official members having outstanding contribution or expertise in the field of development and promotion of tourism industries. Financial assistance as grants-in-aid, etc would be provided (to this board). The Board would advise the Government to lay down the policy guidelines for the development and promotion of tourism industry in the State, to promote public-private partnership and public sector would undertake all steps to develop and promote tourism in the State.

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Tea Blending and Packaging

The tea-plant, in its natural state, grows into a small or medium-sized tree, but in commercial plantations it is pruned and trained to form a many-branched low bush and is encouraged to produce vigorous vegetative growth by adopting an appropriate schedule of fertilizer applications. Blending is the process of mixing of high grade different type of teas. Tea is the world’s and India’s beverage of choice, after water. The organised branded tea segment was at about Rs 12,970 crore in 2017, up from Rs 12,240 crore in 2016, according to market research firm Euromonitor International. India is the world’s second largest producer of tea, after China. In 2017-18, it recorded the highest production, at 1,325 million kg, 6% higher than the previous year. Exports grew at more than twice that rate to hit 257 million kg. The market is expected to grow annually by 6.5% (CAGR 2018-2021). This facilitates the development of new technologies and ensures a high quality product. Few Indian major players are as under • Alipurduar Tea Co. Ltd. • Amar Tea Pvt. Ltd. • Buds Tea Inds. Ltd. • Chamong Tea Co. Ltd. • Chengmari Tea Co. Ltd. • Cinnatolliah Tea Ltd. • Crystal Tea (India) Ltd.
Plant capacity: Fermented & PF Tea: 1000 Kgs./day Fermented & Green Tea: 1000 Kgs./day Green & PF Tea: 1000 Kgs./day Brick & PF Tea: 1000 Kgs./dayPlant & machinery: Rs 33 lakhs
Working capital: -T.C.I: Cost of Project: Rs 215 lakhs
Return: 29.00%Break even: 60.00%
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Methyl Methacrylate (MMA)

Methyl methacrylate is key monomer for acrylic resins, coating materials, and polymers that meet the fast rising demand for light-guide panels in LCD assemblies. Methyl methacrylate, is known for its excellent transparency and weatherability, as well as its easy recyclability, this acrylic has attracted a great deal of attention for environmental considerations. Methacrylate Monomers Market size was valued at USD 8.45 Billion in 2016 and is projected to reach USD 11.26 Billion by 2022, at a CAGR of 4.9% in terms of value. In this study, 2015 has been considered as the historic year, 2016 as the base year, and 2017 to 2022 as the forecast period for estimating the size of the methacrylate monomers market. As a whole any entrepreneur can venture in this project without risk and earn profit.
Plant capacity: Methyl Methacrylate (MMA): 2500 Ltrs./dayPlant & machinery: Rs 238 lakhs
Working capital: -T.C.I: Cost of Project: Rs 616 lakhs
Return: 27.00%Break even: 62.00%
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Lithium Ion Battery (Battery Assembly)

Lithium batteries are now powering a wide range of electrical and electronical devices, including laptop computers, mobile phones, power tools, telecommunication systems and new generations of electric cars and vehicles. Lithium ion batteries are those that can be recharged. As an example, laptop or cell phone is likely to have a lithium ion battery. The India lithium-ion battery market is expected to grow at a robust CAGR of 29.26% during the forecast period, 2018-2023. The Indian automobile sector is one of the most prominent sectors of the country, accounting for nearly 7.1% of the national GDP. The India lithium-ion battery market is expected to grow at a robust CAGR of 29.26% during the forecast period, 2018-2023. This facilitates the development of new technologies and ensures a high quality product.
Plant capacity: 90 Volt, 180 AH Lithium Ion Battery Pack: 56 Nos/dayPlant & machinery: Rs 90 lakhs
Working capital: -T.C.I: Cost of Project: Rs 1076 lakhs
Return: 34.00%Break even: 55.00%
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LPG Bottling Plant

LPG cylinder filling plants vary considerably in size, complexity and layout. The type and size depends on such factors as maximum potential throughput requirements, size and type of cylinder filled and the number/ grades of products handled. Liquefied Petroleum Gas is a Propane/Butane mixture liquefied under normal ambient temperature and moderate pressures. It is a safe, clean burning, reliable, high calorific value fuel. In addition to its use as a domestic fuel, it is also widely used in industries, where there is a requirement of low sulphur content fuel and fine temperature controls. The average growth rate in demand has settled down to around 10% from a high of 18% during early 1990s. Apart from commercial and industrial establishments, 94 mn households use LPG. Projections from all three scenarios reveal that demand for LPG will reach a minimum of 5.9 million metric tons by the year 2022. Entrepreneurs who invest in this project will be successful. Few Indian major players are as under • Aegis Logistics Ltd. • Alert Petrogas Ltd. • Asia Lpg Pvt. Ltd. • Balaji Pressure Vessels Pvt. Ltd. • Bhiwadi Cylinders Pvt. Ltd. • E C P Industries Ltd. • East India Petroleum Pvt. Ltd
Plant capacity: LPG Cylinders (5 Kgs Size 1360 Nos/day): 2040 MT/Annum LPG Cylinders (14.2 Kgs Size 1000 Nos/day): 4260 MT/Annum LPG Cylinders (19 Kgs Size 1000 Nos/day): 5700 MT/AnnumPlant & machinery: Rs. 127 lakhs
Working capital: -T.C.I: Cost of Project: Rs 919 lakhs
Return: 28.00%Break even: 43.00%
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Aerosol Cans Production for Aerosol Spray

Aerosol Cans Production for Aerosol Spray. Aerosol Packaging Industry. Trends and Opportunities in Packaging Industry Aerosols are homogeneous, crystalline particles made up of fine solid particles or liquid droplets in the air or another gas. Aerosols find applications in paints, perfumes, room fresheners, medical products, deodorants, and so on. Aerosol cans are handheld containers that release aerosol. Aerosol cans shield products from external conditions such as moisture, heat, dust, and other contaminants during transportation. However, health and environmental risks posed due to the use of aerosols act as major restraints for the growth of the aerosol cans market. Packaging has become a vital component in modern lifestyle due to its storage, transportation and increasing consumer inclination towards convenient products on the backdrop of fast paced lifestyle. Moreover, the rising demand of personal care and manufacturing products have witnessed improvements in terms of consumption over the last few years and are more easily available due to its effective packaging solution. Aerosol cans are one of the effective packaging solution that provide all the features related to high performance during storage, transportation and convenient features to consumer. Aerosol cans are a type of dispensing system which creates an aerosol mist of liquid particles. These aerosol cans are primarily made up of steel or aluminum, wherein aluminum is steadily gaining market share because it act as a perfect barrier against air, light, humidity, germs and other gases. In addition to this, it is a corrosion resistant material, which protect the cans content against deterioration. Commonly used gases for aerosol propellants is carbon dioxide, propane and butane. Apart from its basic usage, these aerosol cans are used as a tool for promotion or advertising, due to its large printable surface area that provide 360 degree billboard for brands to outshine the competition. These aerosol cans provide a graphics solution which includes matte, gloss, matte-gloss, pearlescent, hot stamping, tactile ink and eyeris, which make the product stand out in today’s competitive scenario. Market Outlook The Aerosol Cans Market is expected to exceed more than US$ 80.0 Billion by 2022 at a CAGR of 4% in the given forecast period. The aerosol cans market can be segmented on the basis of product type, material type, propellant type and end use. On the basis of product type, aerosol cans market can be segmented into straight wall aerosol cans, necked in aerosol cans and shaped aerosol cans. On the basis of material type, aerosol cans market can be segmented into steel, aluminum, plastic and glass, wherein, aluminum are gaining traction among consumers due to its lightweight for an increasing mobile society which gives aluminum cans an edge and provides an optimal solution for manufacturers due to its recyclable nature. On the basis of propellant type, aerosol cans market can be segmented into compressed gas propellant and liquefied gas propellant. On the basis of end use, aerosol cans market can be segmented into personal care, home care, healthcare, automotive industry and others, wherein, automotive industry is expected to be one of the largest market of aerosol cans due to its wide application as paint, lubricants, brake cleaners and degreasers. The demand for aerosol cans is expected to be driven by factors such as ease-of-use, portability, recyclability, safety & strength, and the increased aesthetic appeal of the product. Furthermore, the growth in personal care industry and increase in demand for cosmetic products present a great opportunity for this market to grow in the future. The personal care segment is projected to be the largest in the aerosol cans market on the basis of end-use industry, and this trend is projected to continue during the forecast period. Factors such as rising disposable income, change in consumer lifestyles, product presentation & differentiation, and rising demand for personal care products such as deodorants, hair sprays, and face & body creams will increase the consumption of aerosol cans. The retail industry, which is currently witnessing a shift from unorganized to organized retail, will also augment the demand for aerosol cans. Aluminum is the most commonly used material for aerosols cans production due to lightweight coupled with improved safety and hygiene features. Liquefied gas propellant segment holds a major market share. Liquefied gas propellants aid in maintaining the performance of spray during the lifespan of aerosol cans, owing to which it witnesses significant demand in the aerosol cans market. Bottles and cans are the most used forms of aerosol packaging types. Rising demand for air care products along with personal care products such as shaving and depilatories, hair care products, skin care products, and deodorants are expected to create a positive impact on the market for aerosol cans. Use of aerosol as spray paints in construction and automobile industries display the widespread demand for aerosol cans. Aerosol cans are also used to store pain relievers and asthma inhalers. Increasing urbanization coupled with rapid infrastructural development in emerging economies of Asia Pacific is expected to drive the demand for such paints, leading to an increasing growth of the market over the next nine years. In addition, increasing technological developments leading to the production of advanced aerosols is expected to benefit growth. Growing use of products such as adhesives & sealants, industrial cleaners, and lubricants is expected to propel demand over the next nine years. In addition, favorable policies aimed at promoting investments in construction and automotive industries is likely to drive the demand for aerosol over the next nine years. In addition, rising penetration of the product in household applications including stain removers, pre-wash sprays, shoe polish, starch, water repellents for leather & fabric is expected to drive the market growth over the forecast period. Additionally, the strong urge in the aging population to retain a youthful appearance, is further nurturing the growth of the cosmetics industry. Hence, with the growing demand, and thereby, production of cosmetics and hygiene products, the demand for aerosol has also been increasing from the personal care industry. Based on the material time, the Global Aerosol Cans market is projected to be dominated by the aluminium segment in the forecast period as aluminium does not react with the contents inside the Can or the atmosphere outside which has allowed its widespread adoption by manufacturers. Based on the end-use, the cosmetic & personal care industry holds the largest market share and is projected to lead the market in the forecast period due to increasing demand of aerosol cans for perfumes & deodorants, hair-sprays etc. Europe & CIS region leads the Aerosol Cans market due to widespread adoption of aerosol cans in the personal care & cosmetics industry. Some of the key players in global aerosol cans market include Aero-Pack Industries, Inc., Alucon Public Company Limited, Ardagh Packaging Holdings Limited, Ball Corporation, Bway Corporation, CCL Industries, Inc., Colep Portugal S.A., Crown Holdings Inc., DS Containers, Inc., Exal Corporation, ITW Sexton Co., Jamestrong Packaging, Nampak Ltd., Shanghai Sunhome Industrial Company, Spray Products Corporation, Westrock Company, and Zenith Spray and Aerosols Private Limited. Tags #Aerosol_Cans_Production, #How_Aerosol_Cans_are_made? #Aerosol_Production_Process, #Production_of_Aerosol_Cans, #Aerosol_Can_Manufacturing_Process, #Aerosol_Can_Manufacture, #Manufacturing_of_Aerosol_Can, Aerosol Manufacturing, Aerosol Packaging, Aerosol Cans Manufacturing Plant, Aerosol Can Making Business, Aerosol Can Plant, Manufacture of Aerosol Cans, Packaging Products, #Project_Report_on_Aerosol_Cans_Manufacturing_Industry, Detailed Project Report on Aerosol Cans Production, Project Report on Aerosol Cans Production, #Pre_Investment_Feasibility_Study_on_Aerosol_Cans_Production, Techno-Economic feasibility study on Aerosol Cans Production, Feasibility report on Aerosol Cans Production, #Free_Project_Profile_on_Aerosol_Cans_Production, Project profile on Aerosol Cans Production, Download free project profile on Aerosol Cans Production Aerosol Cans Production, Aerosol Packaging, Starting Your Packaging Business, Business Ideas in Packaging Industry
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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T-Shirt Manufacturing Business

T-Shirt Manufacturing Business. How to Start a Readymade Garments Business. Business Opportunities in Apparel or Clothing Industry T-shirts are not just a fashion essential – they are a medium for expression and an ageless insignia of the young and the young at heart. It’s easy to wear, comfortable, stylish, finds space at almost every occasion and hence everybody has one. The t-shirt market of India includes knit shirts, polos, knit tops, etc., and is specifically targeted towards the youth segment. One of the main reasons behind its popularity among youth is that teenagers are today’s rational buyers who keep every aspect in their mind before purchasing the t-shirt including colour, design, garment, logo etc., which allows their mind to take over the t-shirt design as their personality, style, and attitude. T-shirts have indeed come a long way from its rise to popularity in the back in the 50s. Now, trends in t-shirts change faster than seasons. Moreover, tees are no longer a basic item of clothing, but more a means to showcase attitude and beliefs. The consumer wardrobe in international as well as in the Indian market is witnessing a constant shift from formal to casual attire. Consequently, casual wear categories like t-shirts, denims, casual shirts and trousers are witnessing a comparatively higher growth rate. The Indian consumer is no longer restricted to same combo of woven shirt and trouser for all occasions. Wardrobe of an Indian consumer has evolved with time and now it is a combination of various different kinds of clothing for different occasions like office, gym, shopping, morning or evening walk, marriage and social gatherings etc. This trend of occasion specific clothing has also provided an additional impetus for the growth of the adaptable casual wear categories like t-shirts.? Market Outlook The emerging trend of occasion specific clothing has given impetus to the growth of casual wear. A peep inside casual wear stores here suggests that t-shirts have a presence that cannot be ignored and also have an ally even among the not-so-fashion-conscious people. The increasing trend of Friday dressing is another driving factor for the t-shirts market in India. India is the sixth largest supplier of readymade garments in the world with a 3.7 per cent share in global exports. The readymade garment industry is considered an off-shoot of India’s Textile industry which the dates back to the middle of 19 century. The textile industry is the maximum revenue gathering industry in the country. The industry can be divided in to two segments, the natural fiber segment and the manmade synthetic fiber segment. The industry even after the introduction of power – driven machines or mechanical process of button holding, stitching or embroidery, continued to remain labor intensive and cheap labor is our forte. The overall demand of clothing has gone up in the state because of increasing degree of industrialization, effecting clothing habits. The increasing level of communication leading to increased travel and tourism has in turn created the demand for both seasonal and occasional clothing. India’s Rs. 12,200 crore-worth t-shirt market is expected to grow at an impressive CAGR of 12 percent to reach Rs. 21,250 crore by 2018. This market, which includes knit shirts, polo shirts, knit tops, etc., is presently dominated by the men’s and boys’ segments, which contribute 85 percent of the market share. The women’s and girls’ segments are, on the other hand, expected to register a higher CAGR of 14 percent over the next five years, compared to the 11 percent growth anticipated for the men’s and boys’ segments. The expected faster growth of women’s and girls’ t-shirts may be attributed to the comparatively lower base of market size and increasing acceptance of casual clothing among women. As a matter of fact, the t-shirts category is one of the top high-growth categories in men’s, women’s and kids’ apparel in India. In India, most of the brands and retailers that earlier used to focus on men’s casualwear have now started promoting women’s casualwear, including t-shirts and denims. Many discount schemes and loyalty programmes are being rolled out to tempt women into experimenting with t-shirts. At present, a bulk of the women’s t-shirt market is concentrated in the metros and bigger cities. However, in the years to come, the women’s t-shirts category is expected to register deeper penetration into tier-I and -II cities as well. T-shirts market is India has huge opportunities for industry players due to increasing penetration of the category into smaller towns, rural areas, middle aged consumers and women. T-shirts are also increasingly being used in Indian corporate houses to motivate employees, to build brand loyalty in the market as well as to display the company's attitude by displaying its motto or slogan in front of stakeholders. Today in major corporate houses promotional T-shirts became very popular as corporate gifts and more and more corporate or promotional T-shirts are demanding in the market, manufacturers are also manufacturing best quality designer-type pieces with buyers' logos, institutional advertising, slogans and emblems on T-shirts as well as for the end users. The global t-shirt industry has evolved, driving fashion trends in form of plain t-shirts, personalized t-shirts, graphic t-shirts, vintage t-shirt designs, and long sleeve custom T-shirts. With leading fashion brands across the globe embracing t-shirt industry, the future outlook appears positive. The global market for t-shirt is quite an established market and is further poised to offer strong growth opportunities, evolving beyond its early adopter stage to reach mass market during the forecast period 2017 - 2025. The t-shirt category, especially custom-print and designed, has exhibited a higher acceptance for e-tailing. The prevailing trend of Friday dressing is another important trend shaping the market demand. Most of the companies, domestic as well as multi-national companies (MNCs) allow casual clothing (mostly t-shirts with the company’s name and logo) as an official dressing on Fridays. This is stimulating demand for casual apparels especially t-shirts. T-shirts are specifically targeted towards the young population segment. One of the main reasons behind the popularity among youth is that t-shirts strike chord with the creativity hidden inside each teenager. The segment accounted more than half of the global T-shirt market revenue in the same year. Cotton is the most common and preferred fabric for t-shirts as they are ideal for everyday wear. A variety of cotton with different properties is used for making apparels. However, other materials such as linen, lycra, polyester, rayon and blends of two or three materials are also used for manufacturing t-shirts. Each material poses’ a unique quality and can be used according to the activity and different climatic conditions. T-shirts made from lycra and polyester are generally used for athletic apparels, while cotton and linen t-shirts are preferred for daily casual wear. In addition, different blends such as cotton and linen, cotton and polyester and blends of rayon are often used to exploit the merits of different material leaving their shortcomings. The blends are preferred for t-shirt manufacturing and hence are expected to demonstrate a significant growth throughout the forecast period. The global t-shirt market is valued at 185.1 billion dollars (approximately 1,231,424 crore rupees) which means that, although the Indian market is both sizeable and growing at 5,400 crore rupees, it is not one of the world’s largest by a long way. Readymade Garment Industry The readymade garment industry in India has historically been one of the most important segments of the textile industry in India. The Indian readymade apparel market is one of the largest contributors to India’s economy, providing millions with employment while making significant contributions to India’s annual GDP and export earnings. Today, India is the world’s 6th largest exporter of readymade garment products, registering over US$17 billion in readymade garment export value annually. Combining global demand that is at an all-time high, with much stronger support and preferential policies from the government, India’s readymade garment (RMG) industry is set to achieve rapid growth in the future. The readymade garment sector is currently the largest contributor to India’s total textile and apparel exports, accounting for roughly 41%. Employment in India’s readymade garment industry now has around 12 million people, making it the largest employment provider for all sectors. This year, this number will increase to 12.9 million. Most of the workers employed in the readymade garment industry in India are women and mainly contributes about 4% of the Gross Domestic Product or GDP of India. The RMG industry can be categorized into menswear, women swear, kids wear, sportswear, innerwear, knitwear, etc. Menswear is the largest segment. The Ministry of Textiles projects the kids wear segment to capture larger market share by the end of 2021. The market is also segmented by price sensitivity – high end for the affluent, medium priced for the core and high middle classes, and low end for the low and core middle class. Denim holds a prominent place in India's RMG market and accounts for approximately 5% of the market. The increasing demand for denim is driven by its comfort and style, preference amongst youth and increasing usage by women and youth in smaller cities and rural India. The readymade garments industry, excluding exports, is set to double to Rs 4 lakh crore in the next five years with the removal of excise duty and increased demand for branded garments. The readymade garments industry is only a part of a huge textile export market that consists of fabrics, made-ups, yarn, thread, fibre, woolen textiles, silk textiles and readymade garments. The global readymade apparel industry is perhaps among the most advanced, and yet the most fragmented, of all retail sectors. The global market is estimated at $183 billion, with the US having a major share in it. 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Aluminium Wire & Cables Manufacturing Industry

Aluminium Wire & Cables Manufacturing Industry. Start an Electric Wire & Cable Business Aluminium (Al) is one of the most common metal elements. In fact, it is the third most abundant element (after oxygen and silicon) that makes up about 8% by weight of the Earth’s crust. Aluminium is one of the most electrically conductive metals and highly resistant to ordinary corrosion. With other characteristics such as lightweight, strength, and low cost to produce, aluminium has become one of the most popular materials for electrical applications. Aluminium wire is nowadays increasingly popular for electrical wiring and in utility grid transmission and distribution networks, and are widely used for wiring in several of industries including electronics, construction, aircraft etc. Aluminium Wire Aluminum wire are utilized in various home electrical appliances, switches, circuit breakers and motors owing to its light weight, corrosion resistance and retention of temperature even at low temperatures properties. The products are used in electrical products as they are lighter than other material, it also reduces corona an electric discharge which is associated with high power transmission and its excessive heating do not separate the electrical fixtures and connections, thus increasing the industry demand. Uses of Aluminium wire • In Construction Industry Aluminium is an excellent alternative to copper and is largely used in the manufacture of building wires. Electricians and contractors use large sizes of aluminium building wire where there is requirement of low voltage. This is more beneficial to contractors in terms of savings as it has half the weight of copper wire. Aluminium conductors for building wire are made in such a manner that the overall diameter of the aluminium wire is similar to that of copper wire. • In Electrical Distribution Industry Utilities such as electrical distribution companies have been extensively using aluminum wire throughout their distributing systems (power grids) for transmission of electric current. • In Communication Industry The copper clad aluminium wire is primarily used in high quality coils, power cables and antennas. The aluminium-copper combination finds its use in commercial as well as residential applications including household wiring, cable wiring, headphones, loudspeakers and antennas. CCAW are also used to help connect the internet to the computer. They are important components of cable modems and television connections as well as Ethernet connections (that is, LAN and WAN). • In Broadcasting Networks Modern broadcasting networks (radio and television) largely rely on aluminium wire (CCAW) for information broadcast. Basically, two forms of radio networks are known- the first form is used for broadcasting and updates, advertising and marketing whereas the other form is the backbone of police and armed forces (used for communicating with each other). Television broadcasting involves transmitting signals through cable and satellite television. • In Submarine Communications Aluminium wires clad with copper provide a great means of submarine communication and are installed below the floor of the ocean to expedite the process of information transfer across the globe. • In Medical Field Aluminium wire finds also its use in medical science instruments that are involved in diagnostic processes such as medical ultrasonography. Aluminium Cables Aluminium cables are used across various industries and markets. In our last blog we shared the financial advantages of aluminium cables. Now we will focus on the physical advantages of aluminium cables. A second advantage is the weight of aluminium; it is much lighter in weight as compared to copper while maintaining the same conductivity. Being light in weight is an important property of aluminium. This has made aluminium cables the most used cables in projects where weight is the main focus like constructions with load-bearing purposes. Market Outlook Aluminum Wire Market size was over USD 50 billion in 2017 and industry expects consumption at over 10 million tons by 2024. It is set to surpass USD 65 billion by 2024. Growing consumer demand towards lightweight automobile vehicles may drive aluminum wire market demand. Superior properties which include light weight, high strength and corrosion resistance may cater to construction and electrical industries, thus propelling industry growth over the forecast timeframe. The global aluminium wire market has witnessed growth at a steady rate over the recent years. The market is primarily driven by the rising demand in the rapid urbanization around the world, the increased support from governments, as well as the new production techniques that reduce not only the cost of aluminium wire production but also significantly reduce the processing time of the wire rods. As the consumption of aluminium wires in various industries still remains high, business opportunities in the global aluminium market are expected to flourish further in the near future. Growing consumer demand towards lightweight automobile vehicles may drive aluminum wire market demand. Superior properties which include light weight, high strength and corrosion resistance may cater to construction and electrical industries, thus propelling industry growth over the forecast timeframe. Aluminum wire are utilized in various home electrical appliances, switches, circuit breakers and motors owing to its light weight, corrosion resistance and retention of temperature even at low temperatures properties. The products are used in electrical products as they are lighter than other material, it also reduces corona an electric discharge which is associated with high power transmission and its excessive heating do not separate the electrical fixtures and connections, thus increasing the industry demand. In the last few years, the automotive and aerospace companies have also been shifting their focus toward the surging use of electronic contents for downgrading the size of the components and improving the use of digital technologies in the fleets. Considering the lightweight and ease of use characteristics, the contributors in the automobile and aerospace sectors have been using aluminum wires in electronic panels which are installed in engine control units (ECU), infotainment systems, and other control units. The global aluminium wire market can be classified on the basis of product type and application. In terms of product type, the market can be segmented into paper insulated, enamelled, and fiberglass aluminium wire. Of these, paper insulated aluminium wire is expected to led the market during the forecast tenure. Rising application of aluminium wire in various industries is likely to boost the demand in the global aluminium market. Food and beverages, automotive, and customer electronics are some of the key industries in which aluminium wires are used extensively. Non-toxic nature of aluminium will preserve food for longer duration and prevents the growth of micrograms. These factors increase its demand on the food and beverages industry. The demand for aluminium is also increasing the automotive industry as it reduces weight of the vehicle to increase fuel economy. Moreover, manufacturers now prefer aluminium to steel mainly to reduce weight without compromising strength and carrying capacity of the vehicle. Asia Pacific driven by India, Japan, and China aluminium wire market size may register significant gains at 3.5% by the end of foreseeable timeframe. These are used in various construction application which includes wiring systems owing to its high strength, durability and less risk of breakage coupled with cost cutting and weight saving properties, which in turn stimulate regional demand. Aluminum wire is drawn by hot rolling in which rods are formed followed by solution handling and quenching of the coils attained by hot rolling. Increasing demand for light weight automotive vehicles and stringent performance requirements in electrical machines is likely to propel product demand. In electrical application these are used in transformers as their oxides are strongly attached, hard to dislodge and are electrically insulated. High tensile strength property can be tailored, and its lighter weight require few support towers for overhead transmission lines, which offers more growth opportunities in the market. India Wires and Cables Market Wires and cables play an indispensable role in today’s digitally advanced life and find extensive usage across a number of applications in several industries. The extensive usage and applications of wires and cables across various industries will put the wires and cables industry on the right path for the future. Wires and cables market in the world and in India is highly fragmented, with the presence a number of small and medium enterprises. The organized sector manufactures high voltage durable cables, whereas the unorganized sector mainly captures the low voltage market, where products are mainly separated on the basis of the price. The wires and cables market is presently at its growing stage in our country and is expected to be capturing a significant share in the electrical equipment industry in the upcoming years. The wires and cables in the India has witnessed a growth in recent years on account of rising demand wires and cables fueled by expansion in infrastructure development, electricity consumption and others. The surge in revenue is majorly originated from growth in power cables as a segment of wires and cables market. The upsurge in this segment has been largely led by the domestic factors such government expenditure on infrastructure, increase in level of investment, rising level of disposable income, technological advancement. 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Bicycle Tyre & Tubes Production from Natural Rubber

Bicycle Tyre & Tubes Production from Natural Rubber. How to Start a Tire and Tubes Manufacturing Business Tyres are one of the most important components of a bicycle build. Bicycle tires perform an important function of eliminating the shock transferred through the front and rear wheels as they travel on uneven and rough surfaces; effectively gaining traction on the road so that the bicycle can travel properly and doesn’t slip. It is also used for hand cycles and specially designed wheelchairs for racing purposes. The complete tire system provides ideal suspension, produces the longitudinal force essential for propulsion and braking, and creates the lateral force required for turning and balancing. A bicycle tire is a tire that fits on the wheel of a bicycle, unicycle, tricycle, quadracycle, bicycle trailer, or trailer bike. They may also be used on wheelchairs and handcycles, especially for racing. Bicycle tires provide an important source of suspension, generate the lateral forces necessary for balancing and turning, and generate the longitudinal forces necessary for propulsion and braking. They are the second largest source, after air drag, of power consumption on a level road. The modern detachable pneumatic bicycle tire contributed to the popularity and eventual dominance of the safety bicycle. There are various grips offered in the market, which enhance traction between the wheels and the road and increase performance at high speeds and on uneven and rough terrains. The recent removable pneumatic bicycle tire contributed to the acceptance and enhanced safety operation of bicycle. Over the years, with bicycles becoming more advanced and efficient, advanced bicycle tires have been developed to improve riding performance and capability. Over the several years manufacturers were keen on reducing the bicycle’s body weight and enhancing strength, so it may travel at a desirable speeds. Tube Bicycle tubes are the backbone of the bicycle industries. Few numbers of companies in organized sector are engaged in the quality grade cycles tyres and tubes and few unorganized sector also engaged to manufacturing bicycle tyre and tubes. An inner tube is basically a doughnut-shaped balloon, with a valve for inflation. The only requirement for an inner tube is that it should not leak. Being rubber, they have no rigid structure. If an inner tube is inflated outside of a tyre, it will expand to 2 or 3 times its nominal size, if it doesn't explode first. Without being surrounded by a tyre, an inner tube can't withstand any significant air pressure. Market Outlook The bicycle tires market possesses a lot of potential for growth in the research and development division. Also, the market for bicycle tires has increased due to development in the overall bicycle market, as consumers are more attracted towards safety and riding comfort. In a bicycle, tires are the most important component and the replacement rate of the tires is high, owing to the high rate of friction between the tire and road. The aftermarket for replacement and services is projected to remain healthy over the forecast period as consumers will try to keep their bikes up to the mark. Moreover, in developed nations, the ability to ride at faster speeds with comfort is estimated to drive growth of the bicycle tires market in the near future. Furthermore, growth in racing and adventure sports, such as dirt biking and off-road riding will fuel growth of the overall bicycle tires market in the coming future. Events, such as the Tour de France, Olympics and other bicycle professional races will propel growth in the bicycle tires market and force manufacturers to come up with new product and goods, which are more capable for ideal riding. The emergence of eco-friendly bicycle tires is one of the major trends being witnessed in the global bicycle tires market 2019-2023. The products used in manufacturing rubber compounds are polluting the environment. The increasing air pollution is pushing manufacturers to reduce the emission from the manufacturing process. Thus, such environmental concerns have paved the way for innovation in terms of eco-friendly tires that are manufactured using pure rubber compounds and low-aromatic oils. Low-aromatic oils have low levels of harmful compounds, which makes them highly durable and non-carcinogenic. The bicycle tires market has been majorly driven by increasing users of bicycles in the recent years. Various factors such as environmental concerns, health and fitness, among others have compelled pedestrians to make use of bicycles for their regular commute. Thereby, the market has witnessed an increasing demand for new bicycles for various applications such as regular on-road use, off-road biking and sports. As a result, the bicycle tire market has been witnessing an increased demand for various types of on-road and off-road tires. Moreover, with ongoing product innovation in the tubeless and airless tires segments, the market is expected to witness significant growth during the forecast period. The Growing popularity of premium bicycles around the world is attributable to the increasing acceptance of premium bicycle that provide better riding and safety features. These bicycles are built using advanced technologies and modern designs by incorporating high- end materials to offer comfort and durability. The major reason for the growth of premium bicycle is increasing average disposable income and increasing dual household income. The increasing demand for premium bicycles is increasing the demand for the high- quality components and uniqueness in the bicycle tire. Such factors increase the revenue of the bicycle tire manufactures. Therefore, the growing demand for premium bicycles is expected to drive the demand for the market. Indian Tyre Industry The Indian Tyre industry is expected to show a healthy growth rate of 9-10% over the next five years. The domestic tyre industry is expected to post volumes growth of 7-8 per cent to 1,805 lakh tyres during FY2018. Indian tyre industry has been reporting good growth figures over the past few years, spurred by the growing passenger vehicle and two-wheeler market. It has emerged as one of the most competitive markets in the world and with the emergence of new technology, ultra-modern production facilities and availability of raw materials, the sector is poised to grow further. Tyre Inner Tubes Tyre inner tubes are the internal components of the primary tyre which are designed to sustain air pressure. Majority of the tyres which are used in motorcycles, bicycle and large vehicles such as tractors, heavy trucks, cars, and buses are designed for their application with inner tubes. These are made from impermeable materials such as synthetic, elastic, soft rubber for the purpose of avoiding air leakge and are torus shaped in nature. In addition, inner tubes which are larger in size possess the ability to be re used for other applications such as rafting and swimming. These tubes are large inflatable toruses which are manufactured for these applications while also offering a choice of decks, handles, fabric covering, colors and other various accessories, eliminating the protruding valve stem. The global inner tube industry is dependent on raw materials such as rubber suppliers as well as the buyers which mainly include automotive manufacturers. More than half of the global rubber production goes into the manufacturing of automotive tyres. In addition, the inner tube and tyre industry serve as the largest application segment in the overall rubber industry. 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Helmet Manufacturing Industry

Helmet Manufacturing Industry. Production of Bike Helmets. Profitable Safety Helmet Industry Bike Helmets are useful as safety gear to prevent or minimize injuries to the head and brain in an uncontrolled environment during riding a bike. According to the US Consumer Product Safety Commission, about 900 people, including more than 200 children are killed annually in bicycle related incidents, and about 60 percent of these deaths involve a head injury. Bike Helmets can help absorb impacts and save their life. A motorcycle helmet is a type of helmet (protective headgear) used by motorcycle riders. The primary goal of a motorcycle helmet is safety - to protect the rider's head during impact, thus preventing or reducing head injury and saving the rider's life. Some helmets provide additional conveniences, such as ventilation, face shields, ear protection, intercom etc. Market Outlook Growing head injuries due to road accidents still remain the major factor driving the global market. However, manufacturers are concentrating on not only improving the quality of helmets but also making them stylish. This is expected to benefit the global market for motorcycle helmets in the near future. Currently, the full-face helmet segment dominates the global motorcycle helmets market, state the analysts. The increasing number of head injuries can be credited for the growing demand for full-face helmets. India two-wheeler helmet is forecast to grow at a CAGR of around 25% through 2022. Market growth is anticipated on account of rising awareness among consumers for safety coupled with introduction of advanced safety features in two-wheeler helmets. Moreover, increase in sales of luxury or premium two-wheeler vehicles coupled with rising per capita income is further expected to boost helmet sales in India during the forecast period. The off-road or motocross helmets are popular among the biker groups whereas open face or ¾ helmets are commonly used by the daily riders. With advancements in the technology, leading players are consistently manufacturing a wide range of motorcycle helmets. The global Motorcycle Helmets market is valued at 1670 million USD in 2017 and is expected to reach 1730 million USD by the end of 2025, growing at a CAGR of 0.5% between 2018 and 2025. Global Premium Motorcycle Helmets Global Premium Motorcycle Helmets Market is expected to grow at a CAGR of 10.4% during the forecast period. Rising demand for premium helmets because of an increase in the number of riders and technological advancements, strict enforcement of helmet laws across nations are the factors boosting the market growth. However, high cost of products is expected to hamper the market growth. Based on material, carbon fiber segment is expected to be the significant growth due to modern premium bike helmets are increasingly being made of carbon fiber, which provides a higher tensile strength, a fact that gives the rider much more safety. Europe is the largest market because of the continuous increase in the motorcycle permits in several European countries. Asia Pacific is projected to be the fastest growing market as manufacturers are producing bikes at relatively affordable prices. The target market for premium helmets constitutes people who have relatively high disposable income and ride motorcycles for recreational or leisure activities. As such, the developed markets, Europe, North America, and Japan are the major markets for premium helmets worldwide. Recent studies have found a direct correlation between the price of the helmet and the safety it provides. The premium motorcycle helmets market is segmented by the material used in the making of helmets as Kevlar, Carbon Fiber, Fiber Glass, Plastics. By geography, the market is segmented as North America, Europe, Asia-Pacific, Latin America, and Africa & Middle East. Europe is the largest market worldwide because of the continuous rise in the motorcycle permits in several European countries. Asia- Pacific is forecasted to be the fastest growing markets followed by China and India. Global Safety Helmet Market The global safety helmet market to reach USD 3.19 billion by 2025, driven by the rising awareness among the employees about safety, surge in the construction sector in developing economies, and strict safety norms mandating the use of protective gear. Increasing industrialization and growth of the construction industry in countries such as India, China, Mexico, Brazil and South Africa is also expected to create demand for safety helmets. Asia Pacific is expected to grow at a CAGR of 5.5%, in terms of revenue, over the forecast period due to an increasing demand for safety helmets in construction and manufacturing industries. In addition, significant infrastructure spending for existing & new structures in Europe is expected to add to the growth of the market over the forecast period. In 2017, the global Road Bike Helmet market size was million US$ and is forecast to million US in 2025, growing at a CAGR of from 2018. The objectives of this study are to define, segment, and project the size of the Road Bike Helmet market based on company, product type, application and key regions. Few Indian Major Players are as under: • Aerostar Helmets Ltd. • M S A (India) Ltd. • Mallcom (India) Ltd. • Steelbird Hi Tech (I) Ltd. 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Benzoic Acid Production Business

Benzoic Acid Production Business. Profitable Business Ideas in Chemical Industry Benzoic acid, C6H5COOH, is a colourless crystalline solid and the simplest aromatic carboxylic acid. Benzoic acid occurs naturally free and bound as benzoic acid esters in many plant and animal species. Appreciable amounts have been found in most berries (around 0. 05%). Cranberries contain as much as 300-1300 mg free benzoic acid per kg fruit. Benzoic acid is a fungistatic compound that is widely used as a food preservative. It often is conjugated to glycine in the liver and excreted as hippuric acid. Benzoic acid is a byproduct of phenylalanine metabolism in bacteria. It is also produced when gut bacteria process polyphenols (from ingested fruits or beverages). Benzoic acid has the advantage that it does not affect the odor or taste of the soft drink, if used in small quantities. The preserving quality of benzoic acid is based on its activity to delay the multiplication of several groups of microorganisms, which, however, are not killed by this product. The low solubility of benzoic acid in water complicates its application in products containing large amounts of water. Therefore, the water-soluble salt sodium benzoate is used. Benzoic acid and its salts used as preservatives are represented by E- numbers, E210, E211, E212, and E213. Benzoates are salts and esters of Benzoic acid. Benzoic acid when used as a preservative is added with a concentration of 0.05-0.1% to the food products. The rising demands for packaged food and beverages fuel the demand for Benzoic acid market growth globally. Benzoic acid and benzoate are used to preserve acidified food products such as fruit juice, pickles (vinegar), sparkling drinks, etc. as the efficacy of both of them depends on the pH of food. Benzoic acid is also used in chemical, pharmaceutical, plastics, and in other industries. It is used for the production of Benzoate Plasticizer, Benzoyl Chloride, and Alkyd Resins. The application of Benzoic acid can also be traced in medical, dye intermediates, and for animal feed. Benzoic acid is used as a constituent for the treatment of fungal skin diseases such as ringworm, athlete’s foot, tinea, etc. Benzoic acid is a common constituent in toothpastes, mouthwashes, deodorants, etc. in which it acts as an anti-microbial agent. The strong demand for the benzoate plasticizers also gives a positive outlook in the global expansion of its market. Market Outlook The benzoic acid market is projected to grow from USD 1,009.9 Million in 2018 to USD 1,313.5 Million by 2023, at a CAGR of 5.4% from 2018 to 2023. Benzoic acid is extensively used to manufacture sodium benzoate and potassium benzoate which are also known as its derivatives. Increasing demand of packaged food and beverages drive the demand for Benzoic acid market across the world. Food preservation is necessary to increase the shelf life of the packaged food products which drives the growth of Benzoic acid market. Increasing demand for the replacement of phthalate plasticizers by benzoate plasticizers for different applications is likely to drive the demand for Benzoic acid market. Rising population, higher income, and changing psychographics of Asian countries drive the growth of Benzoic acid market in the region. The consumption of Benzoic acid allows the market to remain relatively higher in the Asia-Pacific region, which will boost the advancement of this market. Rising demand for sodium and potassium benzoate also has been supporting the growth of Benzoic acid market. Per capita plastic consumption is following a higher rate in countries like India and China, which will enhance the demand for plasticizers and ultimately drive the market growth for Benzoic acid. Strict regulations in developed countries may limit the growth of alkyd resin and ultimately the Benzoic acid market. Benzoic acid is not dangerous when used in lower concentration. However, it can harm lungs and digestive tract after prolonged usage and exposure to the substance. Like any other chemicals, Benzoic acid also has some toxic properties which stagnates the growth of the market. Increasing demand of preservatives to improve shelf life of the products coupled with growth in food & beverages industry is likely to drive benzoic acid market price trend over the forecast period. Consumers are shifting preference towards adoption of convenience food and ready-to-drink (RTD) beverages owing to hectic lifestyle particularly in key regions such as Europe and North America. Packaged food & beverages are gaining popularity with increase in availability of different product ranges. This factor requires food & beverages to be safe for consumption after days or weeks of production. The global benzoic acid market is segmented by application into food & beverage (preservative), chemicals, plasticizers, animal feed, and others. Owing to the hectic lifestyle, consumer preference is shifting towards convenience food and ready-to-drink (RTD) beverages. Packaged food & beverage is gaining popularity, with the increase in availability of different product ranges. This requires food & beverages to be safe for consumption after days or weeks of production, which begets the use of benzoic acid derivatives as preservatives. A key factor driving the growth of the market is high demand for benzoic acid from the food and beverage industry. Owing to its exceptional solubility and anti-fungal characteristics, benzoic acid is increasingly being used as a food preservative in the ever-growing food and beverage sector. Benzoic acid and its derivatives, including sodium benzoate and potassium benzoate, are used to preserve acidic food and beverage items, such as aerated drinks, fruit juices, and jams. Growth in the food preservative markets in China and India is likely to fuel the consumption of benzoic acid in the food and beverages industry throughout the forecast period. This, in turn, is expected to boost the growth of the benzoic acid market. With the increasing awareness of healthy eating and living, rapid economic development, along with the increased per capita income and expenditure, the demand for processed and packaged foods has significantly increased over the years. Processing and packaging extend the shelf life of food products. As a result, food manufacturers use benzoates as food preservatives to keep packaged foods fresh for long durations. The increasing use of benzoic acid and its derivative compounds as food preservatives will positively influence the global benzoic acid market during the forecast period. On the basis of end use, the global benzoic acid market is segmented into food and beverage, chemicals, pharmaceuticals, and others. By application, the global benzoic acid market is segmented into sodium benzoate, potassium benzoate, benzyl benzoate, benzoate plasticizers, alkyd resins, benzoyl chloride, feed additives, and others. By region, the global benzoic acid market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The chemical industry also has an increased demand for the benzoic acid thus boosting the market growth. Increasing investments in the oil & gas refinery processing are also projected to augment the demand for benzoic acid over the forecast period. The growth of the pulp and paper segment is directly attributed to the growth of the paper recycling industry. The food & packaging end-user segment expected to be the major growth driver for the benzoic acid market in the forecast period. Major players in the global Benzoic Acid Market are Emerald Kalama, Shree Hari Chemicals Export Ltd., Novaphene, Chemcrux Enterprises Ltd., and Wuhan Youji Industries among others. ‘Emerald Kalama’ declared in 2015 that it would spend heavily on the production of high purity benzoic acid-based products at Rotterdam. The company has also collaborated with The Chemical Company (TCC) to distribute its K-Flex plasticizers. This can expand its global reach immensely. 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Return: 1.00%Break even: N/A
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