India Expanded Polyethylene (EPE) Foam Market Size, Share & Trends Analysis Report By Application (Electronics Packaging, Insulation, Construction, Automotive), And Segment Forecasts, 2019 - 2025

Published: Feb, 2019 | Pages: 70 | Publisher: Grand View Research
Industry: Chemicals | Report Format: Electronic (PDF)

The India expanded polyethylene foam market size is expected to reach USD 140.0 million by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 4.2% during the forecast period. Growth of the automotive industry results in growth of related industries, such as steel, plastics, and aftermarket services. Automotive market is the largest end user of expanded polyethylene foam and molded products for numerous applications owing to favorable mechanical and chemical properties of EPE foam. Increasing use of thermoplastics in auto components as opposed to glass and metal is expected to drive the market.

Expanded polyethylene foam is a lightweight, strong, and recyclable material whose density and thickness can be varied through technological processes. Foam of varied densities can be used to cater to different applications including noise insulation, thermal insulation, impact resistance, packaging, furniture, and consumer goods.

In addition, growing importance of green building, which refers to the use of environmentally viable and resource-efficient processes throughout a building's lifecycle, is likely to boost the demand for EPE foam as an insulating material. EPE is an ideal choice for green building design as it utilizes recycled content and offers high energy efficiency, which are tangible environmental advantages. This factor is anticipated to drive the growth of expanded polyethylene foams market in India over the forecast period.

Construction segment is projected to witness the fastest market growth over the forecast period. EPE foam is primarily used in roof toping, cladding, acoustic barrier under laying, structural glazing, and false ceilings in construction sector. The real estate sector in India is expected to grow at a good pace owing to various factors including surge in FDI flows, rapid urbanization, increase in requirement of commercial spaces, and smart city initiatives by the Government of Indi. Therefore, construction sector is expected to be among the fastest application sector for EPE foam in India over the forecast period.

North India is projected to witness the fastest market growth over the forecast period. North Indian states are expected to be the major electronics-manufacturing hubs during the forecast period with a total of six Greenfield - Approved and Greenfield - In Principle Approved electronics manufacturing clusters. Growing electronics demand, in India, in light of increasing domestic demand along with presence of R&D base is expected to augment growth in near future.

Some of the major automobile manufacturing facilities situated in the Delhi-NCR (National Capital Region) include Maruti Suzuki, Honda, Hero Moto Corp., and Yamaha. In addition, companies such as Larsen & Toubro, Eicher, Volvo, Mahindra & Mahindra, and Hindustan Motors have automobile manufacturing units in Pithampur, Madhya Pradesh.

Further key findings from the report suggest:

• Insulation segment is projected to register a revenue-based CAGR of 4.1% from 2017 to 2025

• Construction segment is likely to reach USD 22.3 million by 2025 owing to supportive government initiatives and growth in construction activities

• In terms of revenue, the electronics packaging segment is expected to expand at a CAGR of 4.0% over the forecast period

• Automotive segment is likely to reach USD 32.1 million by 2025 owing to rising demand for vehicle and the presence of major manufacturing plants in the country

• North India is anticipated to exceed USD 33.3 million by 2025

• The India Expanded Polyethylene market is characterized by capacity expansion, capital expansions, and substantial investment decisions to improve the market share of manufacturers

• Some of the prominent companies present in the industry are Supreme Industries Limited, Raghav Industries Ltd., Royal EPE Foam Private Limited, IRE-TEX Premier India Limited, Suvi International (P) Ltd., Sri Sai Speciality Packagings & SSSP Safety Solution, Orion Pack Art, and Laxmi EPE Foam Sheets, among others.

 Table of Contents

Chapter 1 Methodology And Scope
                 1.1 Research Methodology
                 1.2 Research Scope & Assumptions
                 1.3 List of Data Sources

Chapter 2 Executive Summary
                 2.1 Market Snapshot

Chapter 3 India Expanded Polyethylene (EPE) Foams Market Variables, Trends & Scope
                 3.1 India EPE foams market segmentation & scope
                 3.2 India EPE foams market penetration & growth prospect mapping, by region
                     3.2.1 North
                     3.2.2 East
                     3.2.3 West
                     3.2.4 South
                 3.3 India EPE foams market value chain analysis
                 3.4 Raw material outlook
                     3.4.1 Low density polyethylene
                     3.4.2 Liquefied petroleum gas (LPG)
                 3.5 Regulatory framework
                 3.6 Technology overview
                     3.6.1 Injection molding
                     3.6.2 Extrusion
                     3.6.3 Thermoforming
                 3.7 India EPE foams market dynamics
                     3.7.1 Market driver analysis
                         3.7.1.1 Growing automobile sector
                         3.7.1.2 Rising demand in growing applications
                         3.7.1.3 Growth in green building demand
                     3.7.2 Market restraints analysis
                         3.7.2.1 Stringent environmental regulations
                         3.7.2.2 Fluctuating raw material prices
                 3.8 Industry Analysis - Porter's
                 3.9 PESTEL Analysis

Chapter 4 India Expanded Polyethylene (EPE) Foams Market: Application Estimates & Trend Analysis
                 4.1 Application Movement Analysis & Market Share, 2016 & 2025
                 4.2 Electronics Packaging
                     4.2.1 Market estimates and forecasts in electronics packaging, 2014 - 2025 (Kilotons) (USD Million)
                 4.3 Mattresses
                     4.3.1 Market estimates and forecasts in mattresses, 2014 - 2025 (Kilotons) (USD Million)
                 4.4 Insulation
                     4.4.1 Market estimates and forecasts in insulation, 2014 - 2025 (Kilotons) (USD Million)
                 4.5 Construction
                     4.5.1 Market estimates and forecasts in construction, 2014 - 2025 (Kilotons) (USD Million)
                 4.6 Automotive
                     4.6.1 Market estimates and forecasts in automotive, 2014 - 2025 (Kilotons) (USD Million)
                 4.7 Others
                     4.7.1 Market estimates and forecasts in others, 2014 - 2025 (Kilotons) (USD Million)

Chapter 5 India Expanded Polyethylene (EPE) Foams Market: Regional Estimates & Trend Analysis
                 5.1 Regional movement analysis & market share, 2016 & 2025
                 5.2 North India
                     5.2.1 Market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
                     5.2.2 Market estimates and forecasts by application, 2014 - 2025 (Kilotons) (USD Million)
                 5.3 East India
                     5.3.1 Market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
                     5.3.2 Market estimates and forecasts by application, 2014 - 2025 (Kilotons) (USD Million)
                 5.4 West India
                     5.4.1 Market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
                     5.4.2 Market estimates and forecasts by application, 2014 - 2025 (Kilotons) (USD Million)
                 5.5 South India
                     5.5.1 Market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
                     5.5.2 Market estimates and forecasts by application, 2014 - 2025 (Kilotons) (USD Million)

Chapter 6 Competitive Landscape
                 6.1 Company ranking & Market Scenario, 2016
                 6.2 Vendor landscape (Excluding buyers)
                     6.2.1 List of Potential Buyers - Electronics Packaging & Mattresses
                     6.2.2 List of Potential Buyers - Medical
                     6.2.3 List of Potential Buyers - Construction
                     6.2.4 List of Potential Buyers - Insulation
                     6.2.5 List of Potential Buyers - Automotive
                     6.2.6 List of Potential Buyers - Fabrication
                 6.3 Competitive environment
                 6.4 Company market positioning
                 6.5 Strategy framework

Chapter 7 Company Profiles: EPE Foam Manufacturers
                 7.1 Raghav Industries
                     7.1.1 Company overview
                     7.1.2 Financial performance
                     7.1.3 Product benchmarking
                 7.2 Royal EPE Foam Private Limited
                     7.2.1 Company overview
                     7.2.2 Financial performance
                     7.2.3 Product benchmarking
                 7.3 IRE-TEX Premier India Limited
                     7.3.1 Company overview
                     7.3.2 Financial performance
                     7.3.3 Product benchmarking
                 7.4 Suvi International (P) Ltd.
                     7.4.1 Company overview
                     7.4.2 Financial performance
                     7.4.3 Product benchmarking
                 7.5 Sri Sai Speciality Packagings & Sssp Safety Solution
                     7.5.1 Company overview
                     7.5.2 Financial performance
                     7.5.3 Product benchmarking
                 7.6 Orion Pack Art
                     7.6.1 Company overview
                     7.6.2 Financial performance
                     7.6.3 Product benchmarking
                 7.7 Laxmi EPE Foam Sheets
                     7.7.1 Financial performance
                     7.7.2 Product benchmarking
                 7.8 Polytec Packins (India) Pvt. Ltd.
                     7.8.1 Company Overview
                     7.8.2 Financial performance
                     7.8.3 Product benchmarking
                 7.9 Supreme Industries Limited
                     7.9.1 Financial performance
                     7.9.2 Product benchmarking
                 7.10 Rohit Poly Products Private Limited
                     7.10.1 Financial performance
                     7.10.2 Product benchmarking
                 7.11 Goldcoin Foam Pvt. Ltd.
                     7.11.1 Financial performance
                     7.11.2 Product benchmarking

Chapter 8 Company Profiles: EPE Foam Fabricators
                 8.1 Nefab India
                     8.1.1 Company overview
                     8.1.2 Financial performance
                     8.1.3 Product benchmarking
                 8.2 Montara India
                     8.2.1 Company overview
                     8.2.2 Financial performance
                     8.2.3 Product benchmarking
                 8.3 Tusar Engineers
                     8.3.1 Company overview
                     8.3.2 Financial performance
                     8.3.3 Product benchmarking
                 8.4 Dehu Engineering
                     8.4.1 Company overview
                     8.4.2 Financial performance
                     8.4.3 Product benchmarking
                 8.5 Mechvac India Pvt Ltd
                     8.5.1 Company overview
                     8.5.2 Financial performance
                     8.5.3 Product benchmarking
                 8.6 Talco India
                     8.6.1 Company overview
                     8.6.2 Product benchmarking
                 8.7 Artson Engineering
                     8.7.1 Company overview
                     8.7.2 Financial performance
                     8.7.3 Product benchmarking

List of Tables

TABLE 1 India EPE foams - Key market driving impact analysis
TABLE 2 India EPE foams market - Key restraints driving impact analysis
TABLE 3 India EPE foams market estimates and forecasts in electronics packaging, 2014 - 2025 (Kilotons) (USD Million)
TABLE 4 India EPE foams market estimates and forecasts in mattresses, 2014 - 2025 (Kilotons) (USD Million)
TABLE 5 India EPE foams market estimates and forecasts in insulation, 2014 - 2025 (Kilotons) (USD Million)
TABLE 6 India EPE foams market estimates and forecasts in construction, 2014 - 2025 (Kilotons) (USD Million)
TABLE 7 India EPE foams market estimates and forecasts in automotive, 2014 - 2025 (Kilotons) (USD Million)
TABLE 8 India EPE foams market estimates and forecasts in others, 2014 - 2025 (Kilotons) (USD Million)
TABLE 9 North India EPE foams market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
TABLE 10 North India EPE foams market estimates and forecasts by application, 2014 - 2025 (Kilotons)
TABLE 11 North India EPE foams market estimates and forecasts by application, 2014 - 2025 (USD Million)
TABLE 12 East India EPE foams market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
TABLE 13 East India EPE foams market estimates and forecasts by application, 2014 - 2025 (Kilotons)
TABLE 14 East India EPE foams market estimates and forecasts by application, 2014 - 2025 (USD Million)
TABLE 15 West India EPE foams market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
TABLE 16 West India EPE foams market estimates and forecasts by application, 2014 - 2025 (Kilotons)
TABLE 17 West India EPE foams market estimates and forecasts by application, 2014 - 2025 (USD Million)
TABLE 18 South India EPE Foams Market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
TABLE 19 South India EPE foams market estimates and forecasts by application, 2014 - 2025 (Kilotons)
TABLE 20 South India EPE foams market estimates and forecasts by application, 2014 - 2025 (USD Million)
TABLE 21 Company ranking analysis, 2016

List of Figures

FIG. 1 Market summary, 2016
FIG. 2 Market segmentation & scope
FIG. 3 Penetration & growth prospect mapping, North
FIG. 4 Penetration & growth prospect mapping, East
FIG. 5 Penetration & growth prospect mapping, West
FIG. 6 Penetration & growth prospect mapping, South
FIG. 7 India EPE foams market - Value chain analysis
FIG. 8 India Low-density polyethylene (LDPE) Production, 2008 - 15 (Kilotons)
FIG. 9 India natural gas production and consumption, 2008 - 2016 (BCF
FIG. 10 India EPE foams market dynamics
FIG. 11 Asia Pacific vehicle production, 2010 & 2016 (Million units)
FIG. 12 Residential green building market growth in percentage
FIG. 13 India EPE foams market Porter's analysis
FIG. 14 India EPE foams market PESTEL analysis
FIG. 15 India Expanded Polyethylene Foams (EPE) foams Market: Application movement analysis
FIG. 16 Expected FDI inflows in real estate sector in India (USD billion)
FIG. 17 India expanded polyethylene (EPE) foams market: Regional movement analysis