The Calendering Resins industry is growing at a considerable pace in India, with tremendous opportunities in thermal and power applications. As a consequence, the demand for thermal insulating materials is growing at unprecedented rates in India, which is providing a significant competitive advantage over the other players in this market sector. The global Demand Calendering Resins industry sector size has the capacity to expand into substantial USD XXX million during the next five years, and the growth momentum of the industry will accelerate at an annual CAGR of X% over the next five years. This scenario provides a very promising opportunity to invest in the Calendering Resins industry in India.
Thermal and power applications are the key drivers for the high growth of the Calendering Resins industry in India. Thermal application includes applications requiring high temperatures, such as to generate steam for steam boilers, desiccate equipment, solar panels, boilers, etc., whereas mechanical applications include applications requiring pressure to be applied, such as in the case of vacuum tubes. In addition, the thermal performance of the various types of calendering resins is largely dependent on the size and molecular weight of the materials comprising the material. The molecular weight is defined as the ratio between the weight of a molecule and its diameter. The greater the molecular weight, the greater the thermal resistance capability of the material. Thus, the greater the molecular weight of the material, the greater the thermal conductivity and ability to trap heat within the material.
The anticipated large market size for the Calendering Resins industry in India will make it a significant force in the global markets for thermal and power Calendering. As the Asian countries like China, India, Taiwan, South Korea, etc. become major exporters of thermal and power Calendering Resins, it will become an increasingly important worldwide business opportunity.
What calendering resins are made of?
Currently, most of the material handling calendering resins sold in the world are made from materials like polyvinyl chloride (PVC), polypropylene (PPE), polystyrene (PS) and acetate-based polymers (ABA). However, new material technologies like Novelty Polymers and thermoplasticizers are also making significant inroads into the market. The increase in the demand for such products is due to their long life span, low cost, durability and ability to withstand harsh conditions.
The current global scenario has brought about a rapid growth in the size of the Asia Pacific market for thermal and power Calendering Resins. It is estimated that the annual turnover in this sector is set to reach USD 29 billion by the end of the next decade. The major drivers behind this increase in the size of the market are the following - an increase in population in the Asian continent, an increase in the demand for clean energy, a rise in the number of manufactures for appliances and other mechanical goods that require heat and air conditioning, an increase in the level of use of air-conditioning systems and the use of electrical heating and cooling systems in automobiles. The above factors have resulted in an increase in demand for Calendering Resins, a protective material used for keeping the heat in the bodies.
Other key factors contributing to the increasing trend of demand for these products in the present scenario are - an increase in the number of industries that make use of this protective coatings. An increase in the number of carpenters, sheet metal workers and other manufacturers using this protective coating also serve as a catalyst. The increase in demand is projected to cross the existing 20% barrier within the next decade. This will create a competitive advantage for manufacturers of Calendering Resins in the present market scenario. In addition, it will be possible to enjoy a large cost benefit in the purchase of raw materials and a reasonable profit margin through volume sales of Calendering Resins.
There are three important players in the scenario of the markets for Calendering Resins - Calendaring International, Calendaring Corporation and International Calendering. These companies together form the largest producer of this protective coatings. With the advent of new technology, new product launches and strategic marketing moves by Calendaring Corporation and other Calendaring companies, it is likely that the demand for thermal insulating materials will witness steep growth over the coming years. The competition in the market is also likely to intensify. The competition is being driven by the presence of companies like Calendaring, ThyssenKrupp Access, Bosch and Hitachi who have entered into joint ventures and formed strategic alliances with each other to manufacture Calendering Resins.
The Calendering market is a lucrative one and has considerable room for further growth. However, there are certain challenges that need to be faced and success in this field will not happen overnight. The first challenge will be to penetrate the markets beyond metropolitan areas which are still very remote and which are not covered by existing thermal coatings. The second challenge will be to maintain customer loyalty and brand loyalty in an ever-growing global market. The third challenge will be to keep abreast of global market trends and to ensure that the assumptions of the global economic recession are challenged or erased completely.