India plastic mould industry will maintain strong growth
After the financial crisis in 2008, India's plastic mold industry really hit from a certain extent, especially the important demand once weak consumption areas such as auto mould industry.But as the economy improves, the plastic mold industry will grow strongly and the industry's optimism will grow.By 2015, India's plastic production will double, from 7.5 million tons per year to 15 million tons annually, and India will soon become the world's third largest consumer of plastics, and the plastic mold industry will have a big future.
India's plastic mold industry is set to expand.
India's plastics industry is fragmented.About 3/4 of the 55,000 processing units are small and medium-sized companies, which produce 25% of the total output, and about 2,000 (80% of them small companies) produce textile fibers.The plastics industry is concentrated in India's western coastal state of Gujarat and maharashtra, which is close to suppliers of raw materials.
Now India plastic consumption among the world's eighth, but keep in mind, the per capita consumption of polymer was only about 5 to 6 kg, far below the international average of 27 kg, 17 kilograms per capita consumption is far lower than China, so there is a huge development potential.According to the all-india plastics manufacturers association, India's consumption of plastic will rise to 12 kilograms by 2012.AIPMA had predicted that consumption would double in 2010, but this was delayed by two years due to the financial crisis and low demand for polymers.In the future, growing demand for household appliances and consumer goods will boost demand for domestic plastics.One of the key growth industries is packaging, especially for food and consumer goods that have a shorter shelf life.
India's packaging industry is still in the early stages of development with huge potential.Moreover, many consumer goods made in India are still sold in extremely simple packaging.It is worth noting that most of the polymers in India are extruded, with little injection or blow molding.Plastic is mainly used in soft and non-elastic packaging, construction, household products, electrical appliances and cables.
India's booming car industry will boost plastic consumption.According to Frost&Sullivan, a market research firm, growth in the Indian passenger car industry has directly contributed to increased consumption of polypropylene (PP) blends.The Indian coach market has grown from 200,000 in 2001 to 2m in 2009, with an average annual growth rate of 13.5%.The industry is expected to continue to grow ata high rate as new low-cost cars made by India's Tata and Bajaj are mass-produced.In fact, many experts believe India will be the export hub for small cars.Tata, for example, has been exporting small cars since 2005, and HyundaiMotor and Nissan are exporting small cars made in India to many importing countries.However, the amount of PP in these Indian cars is still low compared with international consumption.But as international carmakers such as Volkswagen come to India, consumption will grow from about 35kg now to 55kg.
The rise in crude oil prices is a challenge for the industry.PP is directly related to the price of crude oil prices, if prices keep rising trend of PP, the cost advantage will be lost, it encouraged the auto industry or other industries to find cheaper materials used to produce auto parts.The volatility of crude oil prices is one of the biggest concerns for auto oems, as the 2008 financial crisis proved.In 2010, the price of crude oil changes like a roller coaster, rising from $74 a barrel in January to April, $85, fell to $78 by June, after again in August begins to rise.
The Indian government provides practical support and concessions to encourage the development of new technologies in the plastics industry.The Indian PlanningCommission (PlanningCommission) has approved the establishment of the country's first advanced plastic processing technology centre (APPTC), which will be set up along the coast of the Indian state of orissa.According to Indian officials, the authority, the national institute for plastic engineering technology (CIPET), will oversee the project in line with instructions from the government's chemicals and petrochemicals division.About 70 per cent of orissa's plastics industry is located in Belasore and its surroundings, which is why the Indian government has decided to set up a technology centre on the coast.In the plan, the orissa government agreed to share 50 percent of the cost and provide land for the construction of APPTC.
As India's economic globalization deepens, India, while developing its domestic market, is also eager to develop export markets.The government calculates that more than 100 plastic processing plants and "plastic parks" will be built in the next few years.SrikantJena, the minister for chemical and chemical fertilizers, said recently that the technology centre would meet the growing demand for skilled workers in the plastics industry.In fact, the APPTC will use a variety of time-varying training programs in the field of plastic processing technology to supplement the shortage of skilled workers in the eastern region of orissa.
Another attraction is that it is easy to get the raw materials needed for the plastics industry in the Balasore region, so as to ensure sustainable development.At the same time, Paradeep, a nearby port, is also building a petrochemical complex, developed by the Indian oil company.
India's consumer-driven growth is also driving the domestic plastic mold and machinery industry.RajooEngineers, an Indian company that makes moulds for consumer goods, has benefited from strong consumer spending.RajooEngineers company President SunilJain (of all printing plastic machinery manufacturers association, molds and tools, chairman of the committee) industry has been urging India to develop export markets, because of the financial crisis has been to the United States, Europe, Japan and South Korea's main rival.
Subject to strong growth in the plastic industry, India's machine and mold has a competitive advantage, because they're cheap, even though many critics say that these products than similar products of advanced western countries.But that is a good time for India to market its products internationally, particularly in Africa, Latin America and the Middle East.The rise of India, on the other hand, polymer consumption will also be accompanied by a demand for used machinery and raw materials, semi-finished products and finished products, from 2009 to 2009, only about 30000 sets of new plastic processing equipment, the need to invest an estimated $9.5 billion.
Foreign suppliers of plastic machinery are also benefiting from strong growth in India's plastics industry.BerndSteinruecke, head of the india-german chamber of commerce in mumbai, says India is a "very promising" market for foreign mechanical suppliers.India is in the plastic market growth, plastic applications related to other industries, such as automotive, aerospace, telecommunications demand also will increase, the demand for plastic mold and mechanical equipment will be greater.