The Indian thermoplastic elastomers (TPE) industry is merely more than 10 years old and still it is rapidly growing in the applications like personal care/stationary, consumer goods and automotive sector. The Indian TPE industry has been steadily gaining growth momentum over the last few years and is expected to double digit growth at tune of 14% in next 2010 year, reflecting the upbeat economy and strong automotive and healthcare industry drivers for growth.
In India there are few TPEs compounders player including domestic as well as MNCs. These are, Bayer, Machino-Basell, Zylog, APAR (Agents for Santroprene), Technovinyl, Synoprene polymer, Hydro S&S, Sperryplast Ltd, TIPCO, KLJ and DCM. Since last few years, heavyweight MNCs have been started operation in India to catering Indian TPE market. These are Polyone, Teknor Apex, KRAIBURG, TSRC and others.
In India, footwear is largest user of TPEs market and accounts for 60% of the total TPEs consumption and thereafter consumer goods keep second position with 13%. TPV will dominate demand in automobile market with 17 Kt in next year and stationery and personal care will keep rapid growth while medical and E&E market has small percentage but remember it will grow at great pace.
The total Indian TPEs market was 554.4 Kt by volume and INR Rs.7207.2 by value in fiscal year 2008. It is forecasted that the Indian TPEs market will grow with the rate of 18% in the coming 5 years. The average price of TPEs is INR Rs.130 to 160 depends upon end products applications.
In India there are few TPEs compounders player including domestic as well as MNCs. These are, Bayer, Machino-Basell, Zylog, APAR (Agents for Santroprene), Technovinyl, Synoprene polymer, Hydro S&S, Sperryplast Ltd, TIPCO, KLJ and DCM. Since last few years, heavyweight MNCs have been started operation in India to catering Indian TPE market. These are Polyone, Teknor Apex, KRAIBURG, TSRC and others.
In India, footwear is largest user of TPEs market and accounts for 60% of the total TPEs consumption and thereafter consumer goods keep second position with 13%. TPV will dominate demand in automobile market with 17 Kt in next year and stationery and personal care will keep rapid growth while medical and E&E market has small percentage but remember it will grow at great pace.
The total Indian TPEs market was 554.4 Kt by volume and INR Rs.7207.2 by value in fiscal year 2008. It is forecasted that the Indian TPEs market will grow with the rate of 18% in the coming 5 years. The average price of TPEs is INR Rs.130 to 160 depends upon end products applications.
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