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

Agro Based Industry: Project Opportunities in Uttar Pradesh

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.

RESOURCES:

Uttar Pradesh is a very fertile region and a major contributor to the national food grain stock. Partly this is due to the fertile regions of the Indo-Gangetic plain, and partly owing to irrigation measures such as the Ganga Canal. Lakhimpur Kheri is the largest sugar producing district in the country. It is also home to 78% of national livestock population. Uttar Pradesh is among the largest producers of agricultural commodities in the country. It produces 34 per cent of the total groundnut, 17.5 per cent of rapeseed, 8 per cent of fruits and 14 per cent of vegetables. It has the largest livestock in the country and its milk production is the highest in the country. It is the largest producer of sugarcane and ranks second in the manufacture of sugar. Uttar Pradesh, with its prosperity in the agricultural sector enabled the growth of allied industry like warehousing, cold storages and flourmills. At 2,659, food product manufacturing sector has the highest number of factories (19.5 per cent of the total) in the state.

GOVERNMENT POLICIES:

In India, agricultural trade policy is a part of a larger food and agriculture policy regime that seeks to maintain food self-sufficiency while providing income support to the agricultural sector and poor consumers. The Government of India (GOI) uses a variety of policy instruments in attempting to achieve these goals, including:

·         Domestic subsidies to inputs, outputs, transportation, storage, and consumption to reduce producer costs and consumer prices.

·         Border measures such as subsidies, tariffs, quotas, and non-tariff measures to protect domestic producers from import competition, manage domestic price levels, and guarantee domestic supply.

The National Policy on Agriculture seeks to actualise the vast untapped growth potential of Indian agriculture, strengthen rural infrastructure to support faster agricultural development, promote value addition, accelerate the growth of agro business, create employment in rural areas, secure a fair standard of living for the farmers and agricultural workers and their families, discourage migration to urban areas and face the challenges arising out of economic liberalization and globalisation. Over the next two decades, it aims to attain:

·         A growth rate in excess of 4 per cent per annum in the agriculture sector;

·         Growth that is based on efficient use of resources and conserves our soil, water and bio-diversity;

·         Growth with equity, i.e., growth which is widespread across regions and farmers;

·         Growth that is demand driven and caters to domestic markets and maximises benefits from exports of agricultural products in the face of the challenges arising from economic liberalization and globalisation;

·         Growth that is sustainable technologically, environmentally and economically.

The policy seeks to promote technically sound, economically viable, environmentally non-degrading, and socially acceptable use of country’s natural resources - land, water and genetic endowment to promote sustainable development of agriculture.

 

Live Stock: Project Opportunities in Uttar Pradesh

PROFILE:

Livestock sector plays a critical role in the welfare of India's rural population. Indian livestock industry represents major foods of animal origin: milk, eggs, chicken, goat meat and fish.  Beef and pork industries have a limited share in the market, as most Indians do not eat beef and pork. As far as feed is concerned poultry, cattle and aqua feeds have been developed in an organised way. The production regions of Bihar, Uttar Pradesh, Madhya Pradesh and coastal areas are rich in the production of animal feed due to high crop cultivation and industrial setups that give animal feed as the by product. Enormous growth opportunities and scope exist in the Indian livestock industry; all that is required is a right approach in an appropriate direction. No doubt, if the industry is tapped appropriately it can help India become a leader in milk and meat production in the years to come.

RESOURCES:

Uttar Pradesh supports about 15% of the country's total livestock population. Of its livestock in 1961, 15% were cattle, 21% buffaloes, 13% goats and 8% other livestock. Between 1951 and 1956 there was an overall increase of 14% in the livestock population. There are nearly eight lakh hectares of water area, including lakes, tanks, rivers, canals and streams. The fishing area is over two lakh hectares and more than 175 varieties of fish. Among them are rohu, hilsa, mahseer, mangar, snow trout and mirror carp. Uttar Pradesh milk co-operatives are contributing immensely to the Indian dairy industry, the highest milk producer in the world. The impact of Uttar Pradesh milk co-operatives can be ascertained from their role in the private and co-operative systems. With the launch of innovative technologies Uttar Pradesh is now being able to enhance their milk production acutely. The merging of the rural and the urban contribution to the dairy production in Uttar Pradesh forms the Uttar Pradesh milk co-operative union.

GOVERNMENT POLICIES:

The livestock sector has great but untapped potential to contribute to poverty alleviation and the achievement of the Millennium Development Goals.

·         Agricultural growth can be highly effective in reducing poverty as the largest share of the world’s poor live in rural areas.

·         Livestock provide food and income to the majority of the 1.2 billion people living on less than $1 per day.

·         Demand for livestock products is growing fast in developing countries, faster than demand for staple crops, and will continue to do so in the foreseeable future.

·          This demand growth can provide significant opportunities for many rural and peri-urban poor to increase returns from their livestock resources.

 

Textile Industry: Project Opportunities in Uttar Pradesh

PROFILE:

The Indian textile industry is one of the largest industries in the world. The textile industry in India is the largest provider of employment after agriculture. This industry is one of the earliest industries of India to come into being; it is presently the second biggest industry in the world after China. Over the years, this industry has proved to be the provider of the basic requirements of the people. The industry holds a vital place in the Indian economy as it makes a contribution of 14 % to the industrial production of the country and at the same time sums up 4% of the total GDP of India. Along with contributing to the Indian economic scenario in terms of employment, involvement in the industrial production, foreign revenues the textile industry of India also contributes to the global textile economy. It contributes to the global textile fiber and yarn production. The handlooms sector is the second largest employer in India providing employment to about 65 lakh persons. The sector represents the continuity of the age- old Indian heritage of hand weaving and reflects the socio cultural tradition of the weaving communities.

RESOURCES:

Total sales in textiles sector accounted for 12.3 per cent of the sales by industries in the state in 2003.Textile sector is one of the important traditional industries in the state. Uttar Pradesh has 58 spinning mills and a total of 74 textile mills in the non-SSI 12 sector. The state is known for its carpets & brassware products. Carpet weaving is one of the important crafts in Uttar Pradesh. UP produces about 90 per cent of the country’s carpets in and around Mirzapur, Bhadohi and Khamaria. These carpets are popular export items today. Hand woven carpets, brassware and leather products from the traditional export items from the state. Uttar Pradesh produces about 15 % of the total fabric of this country. handloom sector in Uttar Pradesh has near about 5.6 %  share of total weaving units in India, it employees 6.4 %  of the total number  Of workers and 6.6 % of the total numbers of weavers in this country. whereas each state in India is popular for one or two products, Uttar Pradesh is the only state which has a distinction of being able to offer the complete range of handloom products, viz– home furnishing, floor coverings, bed covers, bed sheets, dress material, towels, table linen and a vast range of woven and printed sarees made of cotton and silk and many more items. The element of art and craft present in Uttar Pradesh makes it a potential sector for upper segments of the market both in India as well as globally.

GOVERNMENT POLICIES:

The Ministry of Textiles in India has formulated numerous policies and schemes for the development of the textile industry in India. The government of India has been following a policy of promoting and encouraging the handloom sector through a number of programmes. Most of the schematic interventions of the government of India in the ninth and tenth plan period have been through the state agencies and co-operative societies in the handloom industries. Some of the major acts relating to textile industry include: Central Silk Board Act, 1948, The Textiles Committee Act, 1963, The Handlooms Act, 1985, Cotton Control Order, 1986, The Textile Undertakings Act, 1995Government of India is earnestly trying to provide all the relevant facilities for the textile industry to utilize its full potential and achieve the target. The textile industry is presently experiencing an average annual growth rate of 9-10% and is expected to grow at a rate of 16% in value, which will eventually reach the target of US $ 115 billion by 2012. The clothing and apparel sector are expected to grow at a rate of 21 %t in value terms.

 

Tourism: Project Opportunities in Uttar Pradesh

PROFILE:

India’s tourism industry is experiencing a strong period of growth, driven by the burgeoning Indian middle class, growth in high spending foreign tourists, and coordinated government campaigns to promote ‘Incredible India’. Tourism in India is the largest service industry, with a contribution of 6.23% to the national GDP and 8.78% of the total employment in India. In 2010, 25.8 million foreign tourists visited India. India is expected to increase to 9.4% annual growth rate till 2018. Andhra Pradesh, Uttar Pradesh, Tamil Nadu and Maharashtra received the big share of these visitors. Ministry of Tourism is the nodal agency to formulate national policies and programmes for the development and promotion of tourism. Uttar Pradesh is India's most populous state with a population of over 190 million people. It is divided into 70 districts with Lucknow as its capital. Uttar Pradesh is bounded by Nepal on the North, Himachal Pradesh on the northwest, Madhya Pradesh on the south, Haryana on the west, Rajasthan on the southwest, and Bihar on the east.

RESOURCES:

Uttar Pradesh is the historical heart land of India, where each part of the state is attached with ancient history, civilization, religions and culture. Uttar Pradesh is situated in the northern part of India, border with the capital of India New Delhi. Uttar Pradesh is the most popular tourist destination in India. Uttar Pradesh is important with its wealth of historical monuments and religious fervour. Geographically, Uttar Pradesh is very diverse, with Himalayan foothills in the extreme north and the Gangetic Plain in the centre. It is also home of India's most visited site, the Taj Mahal, and Hinduism's holiest city, Varanasi. The most populous state of the Indian Union also has a rich cultural heritage. Kathak one of the eight forms of Indian classical dances, originated from Uttar Pradesh. Uttar Pradesh is at the heart of India, so popular with another name The Heartland of India. Cuisines of Uttar Pradesh like Awadhi cuisine, Mughlai cuisine, Kumauni cuisine are very famous in entire India and abroad. Uttar Pradesh is India's most populous state with a population of over 190 million people. It is divided into 70 districts with Lucknow as its capital. Uttar Pradesh is bounded by Nepal on the North, Himachal Pradesh on the northwest, Madhya Pradesh on the south, Haryana on the west, Rajasthan on the southwest, and Bihar on the east.

GOVERNMENT POLICIES:

The Government of India and a number of other states have declared tourism as an industry. Gujarat State which is at the forefront of the industrial development will also declare tourism as an industry. the Government of India announced a New Tourism Policy to give boost to the tourism sector. The policy is built around the 7-S Mantra of Swaagat (welcome), Soochanaa (information), Suvidhaa (facilitation), Surakshaa (security), Sahyog (cooperation), Sanrachnaa (infrastructure) and Safaai (cleanliness). Some of the salient features of the Tourism Policy are:

·         The policy proposes the inclusion of tourism in the concurrent list of the Constitution to enable both the central and state governments to participate in the development of the sector.

·         No approval required for foreign equity of up to 51 per cent in tourism projects. NRI investment up to 100% allowed.

·         Automatic approval for Technology agreements in the hotel industry, subject to the fulfilment of certain specified parameters.

·         Concession rates on customs duty of 25% for goods that are required for initial setting up, or for substantial expansion of hotels.

·         50% of profits derived by hotels, travel agents and tour operators in foreign exchange are exempt from income tax. The remaining profits are also exempt if reinvested in a tourism related project.

 

 

Waste management: Project Opportunities in Uttar Pradesh

PROFILE:

Waste utilization, recycling and reuse plays a major role in limiting resource consumption and the environmental impact of waste. Recycling is an integral part of any waste management system as it represents a key utilization alternative to reuse and energy recovery (Waste-to-Energy). Which option is ultimately chosen depends on the quality, purity and the market situation. Hazardous waste management is a new concept for most of the Asian countries including India. The lack of technical and financial resources and the regulatory control for the management of hazardous wastes in the past had led to the unscientific disposal of hazardous wastes in India, which posed serious risks to human, animal and plant life.

RESOURCES:

The city of Lucknow in Uttar Pradesh produces around 1500 tons of solid waste every day. The municipal workers collect around 1100 tons every day. The municipal solid waste (MSW) is disposed of haphazardly in open dumps. With growing pressure on land due to increasing population it is increasingly difficult for Lucknow Nagar Nigam (LNN) to locate new disposal sites. In order to overcome this difficulty the LNN has entered into a contract with a company to process MSW generated in the city and to generate power and organic manure from it.

GOVERNMENT POLICIES:

Government of Uttar Pradesh proposes development of Integrated Municipal Solid Waste Management Project (IMSWMP) For Agra, Uttar Pradesh. UP Awas Bandhu is the nodal agency for the project. The Project has been conceptualized as an Integrated Municipal Solid Waste Management Project comprising of the following facilities:

·         Collection of waste from individual households and its segregation into Bio-degradable and Non-biodegradable wastes.

·         Construction, Operation & Maintenance of MSW Transfer stations including Secondary transportation of waste from the transfer stations to the Treatment and Disposal facilities.

·         Development, Operation & Maintenance of Processing Facility with compost plant and any other suitable plant such as RDF, etc.

·         Development, Operation & Maintenance of Sanitary Landfill Facility including Closure of the Existing Dumpsite.

·         Setting up STPs as required beyond those proposed in JNNURM

·         O&M of all existing STPs and those to be setup by PPP development and also under JNNURM as required.

·         Any other activity needed as part of Integrated Solid Waste Management Project.

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Coumarin

Coumarin is an aromatic organic chemical compound in the benzopyrone chemical class, although it may also be seen as a subclass of lactones. It is a natural substance found in many plants, and a colorless crystalline substance in its standard state. Coumarin is a phytochemical with a vanilla like flavour. Coumarin is an oxygen heterocycle. Coumarin can occur either free or combined with the sugar glucose (coumarin glycoside). Coumarin is found in several plants, including tonka beans, lavender, licorice, strawberries, apricots, cherries, cinnamon, and sweet clover. Coumarin is a chemical compound found in a variety of different plants. It has a fragrant, sweet odor and flavor and is often added to fragrances and cosmetics. It’s also used as a precursor to anticoagulant medications, such as warfarin and Coumadin, which help promote blood circulation and prevent the formation of blood clots.
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Industrial Valves

Industrial valves are of various types such as Gate Valves, Globe Valves, Ball Valves, Butterfly Valves, Check Valves, Pressure Valves, and Diaphragm Valves etc. These valves perform various functions working on a different working principle. An industrial valve is a mechanism designed to close or control the flow in an installation. Depending on the function, the valves can be divided into: shut-off valves (close the pipeline tight), control valves, distribution valves, check valves (protect against backflow), safety valves (protect installations against excessive pressure). The global industrial valve market is expected to reach a size of USD 68,324.43 million in 2018, and USD 88,585.74 million by 2023, at an estimated CAGR of 5.33%, during the forecast period (2018-2023). The market is majorly driven by factors such as growing demand from the power industry, increase in demand for desalination activity, and increase in demand from the chemicals industry. India industrial valves market is projected to grow from $ 1.4 billion in 2017 to nearly $ 2.2 billion by 2023, on the back of rising energy demand and rapid expansion in oil & gas pipelines across the country. Growing mergers & acquisitions, rising potential of replacement industrial valves market, and increasing number of water & wastewater management plants coupled with growing natural gas consumption are some of the other factors that would aid the market growth during forecast period.
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Laminated Tube (Multilayer)

The Multilayer Laminated Tubes (lamitube) made from laminates with aluminium foil barrier combine the excellent barrier advantages of traditional metal tubes & the attractive visual and tactile feel of the plastic tubes. Laminate tubes uses the most modern technology to produce a tube with the industry’s most aesthetic minimal seam, providing maximum space for graphics and brand decoration. Laminate material virtually prevents transfer of light, air and moisture. Montebello also offers a wide variety of graphics and an assortment of sizes and styles. Laminated tubes offer products a competitive edge in the market and are used across the globe for packaging in personal care, food, pharma and industrial applications. The oral care industry by itself contributes to almost 70% of the total production of laminated tubes, while an increasing number of them are being used in the cosmetics sector. An increasing adoption of laminated tubes in oral care, in the form of packaging for toothpastes and mouth wash gels has catapulted the oral care segment by end use to the top position in terms of market share in the global laminated tubes market. The oral care segment will hold more than 45% market value share throughout the duration of the forecast period, witnessing an impressive rise of 120 basis points in market share in 2027 over 2017. The oral care segment is estimated to reach a market valuation of US$ 1,371.3 Mn by the end of 2027, up from US$ 385.9 Mn by 2017 end, registering a CAGR of 13.5% in terms of value during the forecast period. The oral care segment will create an incremental $ opportunity of US$ 985.5 Mn during the period of forecast. The cosmetics and personal care market is surging ahead with superfast growth in the Latin America, APEJ, and MEA regions owing to increasing consumer demand for skin care and hair care products. The cosmetics segment in the Latin America laminated tubes market is estimated to touch a value of US$ 41.6 Mn by the end of 2027, exhibiting a CAGR of 12.2%. While in the APEJ laminated tubes market, the cosmetics segment will reach a market value of US$ 133.1 Mn by the end of 2027, recording a CAGR of 17.4% in terms of value over the forecast period.
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Electrical Lamp

An electric lamp is a conventional light emitting component used in different circuits, mainly for lighting and indicating purposes. The construction of lamp is quite simple, it has one filament surrounding which, a transparent glass made spherical cover is provided. The filament of the lamp is mainly made of tungsten as it has high melting point temperature. The global lamps market is expected to expand at a modest CAGR from 2015 to 2023. It is estimated that lighting consumes a significant portion of energy production. The growing demand from rural areas on account of initiatives taken by governments across regions is expected to boost the global lamps market. The global lamps market is highly fragmented with numerous companies launching their products of varying sizes. Aggressive marketing strategies are used by these players so as to occupy a strong position in the market. The increasing number of players in the market is also intensifying competition. Players in the market are also participating in mergers, collaborations, and partnerships to increase their global presence.
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Copper Foil

Copper foil is a sheet of copper that is usually only a few micrometer in thickness. Copper foils are commonly used as a conductor in printed circuit boards (PCBs) and flexible connectors. Copper has high electric conductivity and is also ductile and malleable. This makes it one of the widely used metals in the emerging electric & electronics industry. This, in turn, is expected to drive the copper foils market in the next few years with a lot of demand estimated from Asia Pacific. Key players in the copper foils market are Targray Technology International Inc., K. L. Laminate’s d.o.o., JX Nippon, China-Kinwa High Technology Co., Ltd., Furukawa Electric Co., Ltd., Kingboard Copper Foil Holdings Limited, Chang Chun Petrochemical Co., Ltd., Hubei Creatwell Co., Ltd., Chinalco Shanghai Copper Co. Ltd., and Oak-Mitsui.
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Lecithin from Sunflower Oil

Lecithin is a generic term to designate any group of yellow-brownish fatty substances occurring in animal and plant tissues, which are amphiphilic – they attract both water and fatty substances (and so are both hydrophilic and lipophilic), and are used for smoothing food textures, dissolving powders (emulsifying), homogenizing liquid mixtures, and repelling sticking materials. They also provide texture to many foods and increase their shelf life. Lecithin has the ability to bind water and fat sources, making it a great additive to many desserts, chocolates, salad dressings, meats, and cooking oils. The global lecithin market is expected to register a CAGR of 5.2% during the forecasted period. Lecithin is used in the food industry for smoothing food textures, dissolving powders, homogenizing liquid mixtures, and repelling sticking materials. The global lecithin market is segmented by source type into - egg, soy, sunflower, and others. Soy comprises the largest category with easy availability and consumers perceiving soy based foods as healthier. Sunflower based lecithin is also gaining popularity with plant and seed based lecithin being the fastest growing segment.
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Thermocouple

Thermocouple is an electrical device consisting of two dissimilar electrical conductors forming electrical junctions at differing temperatures. A thermocouple produces a temperature-dependent voltage as a result of the thermoelectric effect, and this voltage can be interpreted to measure temperature. Thermocouples are a widely used type of temperature sensor. Commercial thermocouples are inexpensive, interchangeable, are supplied with standard connectors, and can measure a wide range of temperatures. A Thermocouple is a sensor used to measure temperature. Thermocouples consist of two wire legs made from different metals. The wires legs are welded together at one end, creating a junction. This junction is where the temperature is measured. When the junction experiences a change in temperature, a voltage is created. The voltage can then be interpreted using thermocouple reference tables to calculate the temperature.
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Turmeric Plantation

Turmeric, known as haldi in Hindi, is a popular and sacred spice from India. It is nicknamed as ‘Indian Solid Gold’ and ‘Indian Saffron’ owing to its golden yellow color. It has profound significance as a condiment, dyeing agent, flavoring agent and even as a medicine. It is an inseparable ingredient in Asian cuisine especially in Indian curry preparations. Owing to the increasing demand of pure, organic food products, turmeric is an important food coloring agent. Turmeric is the dried rhizome of Curcuma longa, an herbaceous plant. The rhizome has 1.8-5.4% curcumin, the pigment and 2.5-7.2% of essential oil. It is used as an important condiment and as a dye with varied applications in drug and cosmetic industries. In India, Andhra Pradesh is the leading state followed by Maharashtra, Tamil Nadu, Orissa, Kerala and Bihar. Turmeric production in India is about 78% of total production in the world. Turmeric can be grown as a monocrop or with other plantation crops as intercrop. Turmeric has been India’s golden spice for the past five centuries. It is one of those few Indian products having both commercials as well as mythological significance. Turmeric is used not only in the culinary item but also as cosmetics in almost every Indian household. Turmeric has been used in Asia for thousands of years and is a major part of Ayurveda, unman, and traditional Chinese medicine. Turmeric market is segmented on the basis of its application and form. In the context of healthcare segment, turmeric has application to combat health issues related to digestion, liver, cancer, cholesterol, osteoarthritis and many other health disorders. Another application of turmeric is in cosmetic industry where it is used as an herbal product in skin and body care products. Further, the market of food type can be segmented in terms of using the turmeric for different purposes such as taste enhancer, ingredients, and coloring purpose and in terms of beverage; it is used in tea, juices, and canned beverages. The global turmeric market is expected to reach a market valuation of a little more than US$ 5,650 Mn by the end of 2027, expanding at a CAGR of 5.5% over the forecast period. In terms of volume, the consumption of turmeric is estimated to be 1,049,490.5 MT by 2017 end, and is forecast to reach 1,696,519.8 MT by 2027 end, expanding at a CAGR of 4.9% during the forecast period.
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Polycarbonate (Dry Process)

Polycarbonates (PC) are a group of thermoplastic polymers containing carbonate groups in their chemical structures. Polycarbonates used in engineering are strong, tough materials, and some grades are optically transparent. They are easily worked, molded, and thermoformed. Because of these properties, polycarbonates find many applications. In the plastics industry, polycarbonate sheet is one of the most versatile materials on the market. Used for everything from medical equipment to food processing, polycarbonate has a number of specific benefits that cause them to be a favorite among builders and product manufacturers. Polycarbonate is a transparent thermoplastic with stable dimensions which allow excellent kind of impact resistance. High-performance properties of this plastic polymer make it a leading plastic material for a number of applications. Polycarbonates are high-performing thermoplastics which are highly suitable in building and construction applications. Polycarbonate material possesses properties, such as lightweight, high optical clarity, durability, excellent thermal stability, high-impact and high-heat resistance, high transparency, cold formability, and also possess excellent flammability resistance, making it one of the most used plastic types in construction applications. Polycarbonate accounts for a substantial share of the global plastic materials market and its dominance is likely to increase during the forecast period. This can mainly be attributed to the high growth in demand from major end-use industries such as automotive, electronics, and consumer goods. The wide scope of applications for polycarbonate in various flourishing end-use industries such as medical devices, packaging, and construction is fueling the growth of the market. Asia-Pacific has the highest share in the market, accounting for approximately 59% of the global market share in 2017. An increase in the income of the middle-class population has resulted in an increase in the demand for electronic components and automobiles in Asia-Pacific, in turn, making the region an area of immense potential and opportunities for the polycarbonate market. The Global Polycarbonate Market is expected to register a CAGR of 5.39% during the forecast period (2018-2023). In 2017, Asia-Pacific accounted for the largest market, by region with approximately 59% of the global market share. The electrical & electronics segment dominates the global polycarbonate market with an approximate 46% global market share in 2017, and it is also estimated to register the fastest CAGR through the forecast period. The wide scope of applications for polycarbonate in various flourishing end-use industries such as medical devices, packaging, and construction is fueling the growth of the market. Globally, polycarbonate material is used in a wide range of structural, aesthetic, and safety applications, especially in the automotive industry. This material lends itself to innovation in automotive parts and other internal components such as glazing, front-end body panels, and bumper fascia. Moreover, in the electrical and electronics industry, Flame retardant and better di-electric properties have led to the use of polycarbonate in a vast number of consumer electronics. This is expected to drive the growth of the market during the forecast period. However, volatile raw materials prices are anticipated to limit growth during the forecast period.
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Phthalic Anhydride

Phthalic anhydride is the organic compound with the formula C6H4 (CO) 2O. It is the anhydride of phthalic acid. Phthalic anhydride is a principal commercial form of phthalic acid. It was the first anhydride of a dicarboxylic acid to be used commercially. This colourless solid is an important industrial chemical, especially for the large-scale production of plasticizers for plastics. In 2000, the worldwide production volume was estimated to be about 3 million tonnes per year. Phthalic anhydride (PA) is a white crystalline compound used to manufacture plasticizers, pigments, dyes and resins. One major consumer of PA is the phthalate plasticiser industry, the products of which are used to produce flexible plastic products such as wire & cable applications, hoses, pipes, coated fabrics, roofing membranes and swimming pool liners. The global phthalic anhydride market is expected to witness a CAGR of 4.27% owing to an increase in the utilization of plasticizers, which is used in the production of polyvinyl chloride in the Asia-Pacific region. The growing demand for glass fiber reinforced plastics in various industries is also likely to stimulate the phthalic anhydride market during the forecast period. Asia-Pacific is leading in the consumption of phthalic anhydride and is likely to continue its position due to increasing construction and automotive manufacturing activities in the region. The developing countries in this region will drive the demand for the market as the demand for buildings catering to education, healthcare, and social infrastructure is increasing. Some of the major players operating in the global phthalic anhydride market are BASF SE (Germany), Hongxin Chemical (China), NAN YA PLASTICS CORPORATION (Taiwan), ExxonMobil Corporation (U.S.), AEKYUNG PETROCHEMICAL Co., Ltd (Republic of Korea), I G Petrochemicals Limited (India), Polynt SPA (Italy), Koppers Inc. (U.S.), Mitsubishi Gas Chemicals Co. Inc. (Japan), and UPC Group (Taiwan).
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Information
  • One Lac / Lakh / Lakhs is equivalent to one hundred thousand (100,000)
  • One Crore is equivalent to ten million (10,000,000)
  • T.C.I is Total Capital Investment
  • We can modify the project capacity and project cost as per your requirement.
  • We can also prepare project report on any subject as per your requirement.
  • Caution: The project's cost, capacity and return are subject to change without any notice. Future projects may have different values of project cost, capacity or return.

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About NIIR PROJECT CONSULTANCY SERVICES

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NIIR PROJECT CONSULTANCY SERVICES (NPCS) is a reliable name in the industrial world for offering integrated technical consultancy services. NPCS is manned by engineers, planners, specialists, financial experts, economic analysts and design specialists with extensive experience in the related industries.

Our various services are: Detailed Project Report, Business Plan for Manufacturing Plant, Start-up Ideas, Business Ideas for Entrepreneurs, Start up Business Opportunities, entrepreneurship projects, Successful Business Plan, Industry Trends, Market Research, Manufacturing Process, Machinery, Raw Materials, project report, Cost and Revenue, Pre-feasibility study for Profitable Manufacturing Business, Project Identification, Project Feasibility and Market Study, Identification of Profitable Industrial Project Opportunities, Business Opportunities, Investment Opportunities for Most Profitable Business in India, Manufacturing Business Ideas, Preparation of Project Profile, Pre-Investment and Pre-Feasibility Study, Market Research Study, Preparation of Techno-Economic Feasibility Report, Identification and Selection of Plant, Process, Equipment, General Guidance, Startup Help, Technical and Commercial Counseling for setting up new industrial project and Most Profitable Small Scale Business.

NPCS also publishes varies process technology, technical, reference, self employment and startup books, directory, business and industry database, bankable detailed project report, market research report on various industries, small scale industry and profit making business. Besides being used by manufacturers, industrialists and entrepreneurs, our publications are also used by professionals including project engineers, information services bureau, consultants and project consultancy firms as one of the input in their research.

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