Epoxy resin market analysis in India
The relevance of research
Epoxy resins are a relatively new type of polymeric materials that have a significant impact on the development and functioning of other industries and sub-sectors: construction, repair and finishing works, furniture industry, electronics, etc.
Purpose of the study
Analysis of the state of the epoxy resin market, assessment of the market size, analysis of competitors, as well as identification of factors affecting the epoxy resin market
Content
Part 1. Overview of the Indian Epoxy Market
1.1. Main characteristics of the market
1.2. Dynamics of the market volume of epoxy resins 2016-2020 Potential market capacity
1.3. Assessment of factors affecting the market
1.4. Epoxy Resin Market Life Cycle Stage
1.5. Competition from substitute products
Part 2: Competitive Analysis in the Epoxy Resin Market
2.1. Major players in the market
2.2. Market shares of the largest competitors
2.3. Profiles of major players
Part 3. Analysis of the production of epoxy resins
3.1. Volume and dynamics of domestic production of epoxy resins
3.2. Share of exports in the production of epoxy resins
3.3. Segmentation of epoxy resin production by regions
3.3.1. Production by Union Territories
3.3.2. Production by states of India
Part 4. Analysis of foreign trade supplies of epoxy resins
4.1. The volume and dynamics of imports of epoxy resins
4.2. Import structure
4.3. The volume and dynamics of exports of epoxy resins
4.4. Export structure
Part 5. Analysis of consumption of epoxy resins
5.1. Dynamics of consumption of epoxy resins
5.2. Analysis of the results of tenders for the purchase
Part 6. Price Analysis
6.1. Average producer prices by union territories
6.2. Average consumer prices by states in India
Part 7. Assessment of factors of investment attractiveness of the market
Part 8. Epoxy resin market forecast up to 2025
Part 9. Recommendations and conclusions
Research excerpt
Part 1. Overview of the Indian Epoxy Market
1.1. Main characteristics of the market
The word ""epoxide"" is derived from two Greek roots - epi (""over"") and ohu (""sour"", another meaning is ""sharp""). The history of the emergence and wide development of the industrial production of epoxy compounds dates back to the beginning of the last century, when in 1909 the Indian scientist N.A. Prilezhaev discovered the reaction of epoxidation of unsaturated compounds with peroxybenzoic acid.
In the mid-30s, the German chemist P. Shlak received a patent for a method for obtaining polyamines with high molecular weights resulting from the reaction of amines with epoxy compounds containing more than one epoxy group in the molecules. In 1936, the Swiss scientist P. Kastan, by reacting bisphenol A with epichlorohydrin, synthesized a low-viscosity amber-colored resin, which, when interacting with phthalic anhydride, turned into an infusible and insoluble state. He proposed the use of such resins in the manufacture of dentures and some cast products. The discovery made was later patented by the well-known company Ciba. In 1939, the American chemist S. Greenlee, collaborating with Devoe-Reynolds, synthesized a number of similar resins, called ""epoxy-dian"" (or simply ""dian""), and recommended them for use as a binder for protective coatings.
Diagram 1. The main areas of application of epoxy resins,%
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Usually epoxy resin is used in combination with hardeners, other resins or similar substances. Depending on the components used, it is possible to obtain a material with any properties: hard and rigid like metal or flexible and ductile analogue of rubber. These properties have provided epoxy resins with a wide range of applications.
The basis of consumption is resins based on bisphenol A. These are just those liquid, semi-solid and solid substances that belong to the category of universal resins and are used mainly in the construction and production of paint and varnish materials.
Modified resins are compounds with a more complex composition, usually consisting of several components and intended for solving specific problems in the defense industry, aircraft and rocket construction, ship construction, etc. However, their market share is higher than the total share of these consumer sectors , therefore, it can be concluded that partially modified compositions are also used in household segments.
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At present, India has almost completely withdrawn from the market for these products. During the 90s - 2000s, not a single brand of resin produced on a large industrial scale appeared in the country....
There are also other resin manufacturers, but they mainly focus on a narrow segment of resins with special properties, such as PolyReMatt, such as: high or vice versa low curing speed, UV resistance, optical transparency, environmental friendliness and others, and mainly for their own needs.
But the main part of numerous consumers are forced to use foreign resins.
Thus, the epoxy resin market in India was dominated by imported products during the entire period under review.
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1.2. Dynamics of the market volume of epoxy resins 2016-2020 Potential market capacity
Consider the dynamics of the epoxy resin market in India.
The dynamics of the epoxy resin market in India is undulating.
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Epoxy resins are a relatively new type of polymeric materials that have a significant impact on the development and functioning of other industries and sub-sectors: construction, repair and finishing works, furniture industry, electronics, etc. Despite the relatively small volume of their production (the share of their in the total volume of synthetic resins is no more than 1,0%) epoxy resins are among the eleven most used types of plastics.
The reasons for the low production volumes of epoxy resins lie, in addition to the relative complexity of technological processes, in the fact that the development of their production has gone largely along the path of specialization. According to American observers, epoxy resins are at a stage of development when, on the basis of the main types developed in previous years, special grades are being created for applications that impose specific and increased requirements on the quality of the material. It is in this qualitative development that the future of epoxy resins is believed to lie.
The calculation of the structure of revenue for the union territories was carried out by GidMarket according to the data on the regions of importing products (locations of the main importers) and regions of production (locations of the capacities of the main manufacturers).
1.3. Assessment of factors affecting the market
Macroeconomic factors influence the dynamics of all sectors of the Indian economy, including the epoxy resin market. The main groups of factors are: economic, political, social and technological.
Economic
GDP (gross domestic product) is used to determine the rate of economic development of any state. GDP is a macroeconomic indicator that reflects the total value of goods, works and services that were produced and provided in the country in a year. Gross domestic product is the main indicator on the basis of which the level and pace of the country's economic development are determined.
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Let's consider some experts' estimates of India's GDP dynamics forecast.
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Thus, experts disagree on the forecast for the medium term: in 2021-2023, ...
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Dynamics of prices for electricity, fuel. The dynamics of electricity tariffs and fuel prices affect any industry. ...
Industrial production index. This is an indicator of the dynamics of the volume of industrial production, its rise or fall, is defined as the ratio of the current volume of production in monetary terms to the volume of industrial production in the previous or other base year. This index characterizes the change in GDP due to the fundamental sectors of the economy: mining, manufacturing, production and distribution of electricity, gas and water.
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Социальные
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General trends in macroeconomic indicators can also be traced in such a value as real incomes of the population, which determine the level of effective demand. Diagram 12 shows the dynamics of the growth rate of this indicator.
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technological
Epoxy resin is used in various sectors of the national economy, including general mechanical engineering, automotive industry, in the construction of bridges and laying railways, construction, for connecting metal structures, etc.
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The epoxy resin market is dependent on scientific developments and their implementation in modern practical production.
Import dependence. The initial components for the production of epoxy resins are quite specific and toxic reagents - epichlorohydrin, alkalis, acids and other ""hard chemistry"". The mass ratio of resin - hardener is very different: 1:1, 5:1, 10:1. According to some data (portal https://practeco.ru), about half of the total volume of epichlorohydrin is imported from Europe and China.
Experts point out that dependence on imported raw materials, which does not allow to compete with products from Europe, China and Korea, is the main reason for the decline in Indian production.
Ecological problems. Production of ES according to classical Soviet technologies of the 40-50s. is associated with a large amount of waste: in the production of one ton of resin, 5-6 tons of salt water is released, which must be disposed of. The development and implementation of an innovative non-waste technology for the production of ES will help to solve this problem.
Political
The tense political situation in interstate relations has a negative impact on all spheres of the Indian economy. The main activities of the state and the strategic tasks at present are the development of new models of cooperation with the US and the EU and the approval of India in the world monetary system. Anti-India sanctions and the generally sharp deterioration in relations between Western countries and India largely determine India's foreign policy.
Credit policy. Today it is quite difficult to imagine the progressive development of the economy without the active participation of the credit system. It should also be noted that the assessment of the availability of credit resources for both legal entities and individuals is a significant indicator that allows assessing not only the demand for credit funds, but can also serve as a reflection of the real economic situation both in the region and in the economy as a whole.
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In India, the production of industrial polymers is subject to certification, so the marking of epoxy resin is determined by GOST.
Epoxy-diane resins are produced in accordance with GOST R 56211-2014 “Uncured epoxy-diane resins. Specifications” and covering ES grades ED-22, ED-20, ED-16, ED-14, ED-8. Resins of well-known brands E-40, E-41, E-44, E-49, E-05k, E-04kr and others used in the paint and varnish industry are produced according to specifications for each brand separately.
Let's summarize the main factors influencing the market in the framework of the Step-analysis.
Table 5. STEP Analysis of Factors Affecting the Epoxy Resin Market
In general, the impact of macro factors on the epoxy resin market in India can be assessed...
1.4. Epoxy Resin Market Life Cycle Stage
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The epoxy resin market is currently in the early stage of life cycle maturity. At the same time, the quality of the goods is at a stable level, so there is no need to make any changes to the basic characteristics of the product. The product is presented on the market with a large number of modifications.
Epoxy resins as a product from the category of novelties have long moved into the category of standard ones. In addition, buyers have the opportunity to choose between numerous brands, manufacturers offering resins for sale. At the same time, it should be noted that the development of resin types and their modifications continues, which is due to the expansion of their areas of application, the development of consumer industries (for example, the composite materials production industry, etc.).
At this stage, the role of price competition will gradually increase, as the goods are offered for sale by many manufacturers and importers. There are original developments of competitors. The market at this stage is highly segmented, enterprises are trying to satisfy all possible needs.
It is at this stage that the likelihood of repeated technological improvement, or product modification, is most effective. The main task of the enterprise at this stage is to maintain and, if possible, expand its market share and achieve a sustainable advantage over direct competitors. At the moment, various marketing activities, mass and intensive advertising, price offers will be effective.
At the stage of maturity, the main task of marketing activities is to extend the life cycle of the product and involves:
improvement of the trade assortment due to product differentiation and technological improvement;
deeper market segmentation and entry into new segments (if there are any left);
encouraging existing customers to systematically and more frequently purchase goods;
search for new consumer groups and encourage them to make a purchase.
1.5. Competition from substitute products
Epoxy resins are widely used in various industries (Industry of application: Main types of epoxy materials / Main purpose / Advantageous indicators / Economic effect of application, related to the cost of the material):
1. Construction:
1.1. Polymer concretes, compounds, adhesives / Road marking strips, floor slabs, self-leveling screeds / Physical and mechanical properties, wear and chemical resistance, dustlessness, high adhesion / from 3 to 29
1.2. Coatings (lacquer, powder, water-dispersion) / Decorative-facing and protective functions / Low shrinkage, chemical resistance
1.3. Binders for glass and carbon plastics / Repair of reinforced concrete structures, roads, airfields. Bonding of bridge structures, etc. Exhaust pipes and chemical tanks. productions. Piping / Weather resistance, Chemical resistance, Strength, Heat resistance
2. Electrical engineering and radio engineering:
Compounds, binders for reinforced plastics, coatings, press materials, foam plastics / Sealing products, electrical insulating materials (fiberglass, etc.). Filling of transformers, etc. insulating and protective coatings. / Radio transparency, high dielectric values, low curing shrinkage, no volatile curing products / From 0,1 to 7,0; 300-800 (electronics)
3. Shipbuilding:
3.1. Fiberglass binders / Marine propellers, compressor blades / Strength, cavitation resistance / 75
3.2. Coatings from liquid coatings and powders / Vessels for gases and fuels / Water, chemical resistance, abrasion resistance
3.3. Syntactic foams / Propeller fairings / Low temperature impact resistance.
4. Mechanical engineering, incl. automotive industry:
4.1. Compounds, Paints and varnishes, Adhesives / Repair and repair of defects in molded products, molds, dies, tooling, tools (models, copiers, etc.) / Strength, hardness, wear resistance, dimensional stability / From 3,1 to 15,0
4.2. Polymer concretes / Guides for machine tools, precision machine beds / Heat resistance, high adhesion to substrates and fillers, functional and anti-friction properties / 320 (heavy machines)
4.3. Binders for reinforced plastics / Capacities, pipes made of fiberglass ""wet"" winding / Chemical resistance. impact resistance
4.4. Press materials and powders / Bearings and other anti-friction materials, springs, springs made of epoxy plastics, electrically conductive materials
5. Aviation and rocket science:
5.1. Binder for reinforced glass and organoplastics / Power structures and skin of wings, fuselage, empennage, nozzle cone and stators of jet engines / High specific strength and rigidity, radio transparency, ablative properties (heat-shielding)
5.2. Protective coatings. / Helicopter blades, rocket fuel tanks, jet engine casing, compressed gas cylinders, etc.
In addition, epoxy resins are used in everyday life.
In general, experts agree that it is rather difficult to find analogues, since this material is unique. The possibilities of replacing epoxy resin in large-scale production, construction, mechanical engineering depend on the specific conditions at the enterprise, while each individual case requires an individual study of options.
In everyday life, the replacement of epoxy resin with other substances may be necessary in the following cases:
Allergic reactions to resin or hardener;
If it is necessary to use the substance in products that come into contact with food or toys;
Too high price for epoxy resin.
Sometimes the shape of the fill does not allow the use of this resin, it is necessary to use adhesives, building materials with a different composition.
In various cases, silicate glue, cyanoacrylate glue, liquid glass, gel polish, polyester compounds, BF glues can become a substitute for epoxy resin. For example, let's compare the characteristics of polyester and epoxy resins.
Characteristics of epoxy resin
Mechanical properties. The tensile strength of epoxides is 20-30% higher than polyesters. The ability to withstand stress and deformation without damage is much stronger. Flexural strength and load resistance are extremely high.
adhesive properties. When cured, the epoxy works as a powerful adhesive with high adhesion.
Shrinkage. Epoxies shrink slightly on curing.
Water resistance. Cured epoxy resins are water resistant.
Best before date. With proper storage, the resin will not lose its properties for several years.
Polymerization. Epoxy curing is only affected by the hardener and temperature. On average, at room temperature 22-25°C, the resin hardens in 24 hours. Adding more hardener to speed up curing is not worth it, the liquid may not harden at all. You can shorten the drying time by increasing the room temperature. With an increase in temperature by 10 degrees, the polymerization rate doubles. But do not set the temperature above 40 degrees.
Smell. During curing, the resin does not emit a pronounced odor.
Boiling. If heated too strongly, the resin may boil and become unusable.
Durability. Cured epoxy resins are resistant to wear, cracking, flaking, corrosion, microcracking and mildew.
UV resistant. The polymer itself is not UV resistant. Although some brands contain additives that increase UV resistance. However, the best way to protect the surface from yellowing and deterioration is to coat it with a UV resistant polyurethane varnish.
Difficulty of application. Working with epoxy requires experience in application and certain skills, as viscosity is lost during curing, and it becomes difficult to work with the material on vertical and inclined surfaces.
Application areas. Epoxides are used for the production of products with increased wear resistance, waterproofing, bonding strength. For example, in the rocket and aircraft industry, shipbuilding, the production of racing cars, etc.
Price. Epoxy resin is much more expensive than polyester.
Environmental friendliness and safety. Epoxides do not contain carcinogenic components, volatile organic compounds, are not flammable. The resin components are safe and easy to transport and store.
Characteristics of polyester resin
Mechanical properties. Polyester resins are significantly inferior to epoxides in this parameter. Therefore, often mechanical effects and deformations lead to cracks and delamination in products.
adhesive properties. Polyesters have poor adhesion, so they do not work well as adhesives.
Shrinkage. Polyester resin can shrink up to 7-10% in volume. In this case, the shrinkage process may take time, and delamination will not be immediately obvious.
Water resistance. After curing, the surface has poor waterproofing properties and is permeable to water.
Best before date. Polyester resin has a short shelf life: an average of 6 months - 1 year.
Polymerization. The cure rate of polyesters is much faster than epoxies and usually takes a few hours. You can speed up the drying process with the MEKP catalyst.
Smell. During curing, the polymer components emit a strong odor.
Boiling. Polyester polymers are not prone to boiling.
Durability. Polyesters form a durable coating, but tend to form microcracks, are less resistant to impact, and are less durable than epoxy resin coatings.
UV resistant. Polyester resin surfaces are UV resistant and do not need a top coat to prevent yellowing or degradation from sunlight.
Difficulty of application. The material is quite easy to use and does not require special knowledge and experience.
Application areas. Polyesters are used in cases where low cost and ease of work are more important than strength and durability. For example, in landscape design, plumbing work, auto tuning, etc.
Price. Polyester resin costs 2-3 times cheaper than epoxy.
Environmental friendliness and safety. Polyesters contain carcinogenic styrene, which emits a strong unpleasant odor. Resin components are flammable liquids, catalysts are combustible and explosive. But there are resins on the market without styrene and with its reduced content.
Thus, if we consider the use in everyday life, then when choosing, first of all, it is necessary to take into account the requirements for the future product.
Epoxy resin, due to its strength, glossy finish and durability, is suitable for the manufacture of bar counters, tables, countertops, cabinet furniture fronts, home decor and jewelry.
Due to its low cost and ease of use, polyester resin is suitable, for example, for the production of artificial stone, plumbing parts, system boards, window sills, car bumpers.
Thus, if durability, strength, and a glossy finish are important, epoxy must be chosen. If you do not plan to subject the product to high loads, and the price is of great importance, you can choose polyester resin.
In general, it can be noted that since epoxy resin is a unique product, its mass replacement with other substances is not provided, the impact of substitute products on the epoxy resin market is moderate.
Part 2: Competitive Analysis in the Epoxy Resin Market
2.1. Major players in the market
Since the market is more than 90% represented by imported products, the largest players are foreign manufacturers (companies and large international holdings). We present information about them in a table.
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2.2. Market shares of the largest competitors
Diagram 16. Shares of the largest competitors in the epoxy resin market in real terms in 2020, %
The top 5 market participants include: ...
2.3. Profiles of major players
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Part 3. Analysis of the production of epoxy resins
3.1. Volume and dynamics of domestic production of epoxy resins
According to GidMarket estimates according to Rosstat and based on an analysis of the product range and revenues of the main manufacturers, the production of epoxy resins in 2020 amounted to ...
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The dynamics of the total revenue of the main producers of epoxy resins in India is linear - the indicator is increasing annually.
3.2. Share of exports in the production of epoxy resins
Diagram 19. The share of exports in production for 2016–2020, %
The estimated value of the ratio of the total volume of exports to the total volume of production of epoxy resins in India was ...% in the period under review, which is not a correct estimate of the amount of export of Indian products abroad. This is due to the fact that there are re-export procedures carried out from India to other countries.
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3.3. Segmentation of epoxy resin production by regions
3.3.1. Production by Union Territories
Table 8. Dynamics of epoxy resin production in India by union territories in 2016-2020, tons
Almost the entire volume of epoxy resins in India is produced in three federal districts: Central, Volga and Northwestern.
3.3.2. Production by states of India
According to GidMarket, the largest volume of epoxy resins is produced in the Nizhny Novgorod region ...
Part 4. Analysis of foreign trade supplies of epoxy resins
4.1. The volume and dynamics of imports of epoxy resins
Let's present information about import operations in the market of epoxy resins in India.
The dynamics of imports of epoxy resins to India in physical terms as a whole until 2020 was linear, however, it is worth noting that at the peak of the crisis in 2016, imports stagnated, then also in 2018, import volumes similar to the previous 2017 were observed.
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4.2. Import structure
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The table shows the countries whose shares in value terms amounted to at least ...%.
4.3. The volume and dynamics of exports of epoxy resins
The dynamics of export deliveries of epoxy resins from India has a wavy character: ...
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During the period under review, the trade balance (difference between exports and imports) in the epoxy market in India remains sharply negative. The volume of imports exceeds exports by more than ... times.
It should be noted that since some of the exported resins are goods of non-Indian origin (re-export direction), the gap between imports and exports is actually even more noticeable.
4.4. Export structure
A. in value terms
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Part 5. Analysis of consumption of epoxy resins
5.1. Dynamics of consumption of epoxy resins
Since the calculation of consumption is carried out in the prices of imports and exports, the volume is subject to fluctuations due to the volatility of the rupee and the dynamics of the average price in dollars in the period under review.
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Diagram 27. Dynamics of consumption of epoxy resins in monetary terms 2016 - 2020, billion rubles
5.2. Analysis of the results of tenders for the purchase
According to EIS in the field of procurement and IS Fira....
We present detailed information on contracts in the form of a table.
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An analysis of information on contracts under FZ-44 for the supply of epoxy resins, which is freely available, showed that: ...
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Part 6. Price Analysis
6.1. Average producer prices by union territories
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For exported goods, the lowest prices were noted among the producers of the Southern Union Territories...
6.2. Average consumer prices by states in India
In addition to industry, epoxy resins are also used in everyday life, for example:
- Adhesion of all kinds of materials: epoxy is suitable for wood, aluminium, iron, cement, glass, etc. For reshaping, sealing damage, leveling the surface or as an anchor.
- Surface treatment: for vitrification of all kinds of countertops, fabrics, prints, posters. Models that create 3D effects are popular.
-- Artistic creativity: for pouring souvenirs, pebbles, shells, flower arrangements, encased in a thick layer of resin. Or the manufacture of lamps, paintings, decorations, small pieces of furniture, etc.
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The minimum price is observed in the republic. Adygea ...
Maximum price ...
Such a spread of prices in the regions is due to different reasons for each of them: the level of wages (and, accordingly, the purchasing power of the population), markup levels, the proximity or remoteness of the region from the central part of India, the pricing policy of market participants, the amount of transport costs, etc.
Part 7. Assessment of factors of investment attractiveness of the market
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A comprehensive assessment of the factors of investment attractiveness of the epoxy resin market is 0,85 points - a neutral investment climate. The positive factors of the investment climate in the epoxy resin market dominate over the negative ones.
The most significant positive factors.
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The most significant negative factors.
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Part 8. Epoxy resin market forecast up to 2025
We will analyze the market based on methods based on identifying trends over time, adjusted for expert opinion in the industry.
Further development of the epoxy resin market in India will largely depend on the general economic condition of the state.
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When making a forecast for the epoxy resin market in the medium term, it is also worth considering the implementation of announced and already launched projects.
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Part 9. Recommendations and conclusions
Every year the volume of world production and consumption of all types of polymers is increasing. Among polymers, thermosetting polymers, such as epoxy resins, are widely used. Epoxy resins were first synthesized about 100 years ago, but they are still one of the most important types of synthetic resins due to valuable technological and operational properties and a variety of applications for materials based on them.
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According to GidMarket estimates according to Rosstat and based on an analysis of the product range and revenues of the main manufacturers, the production of epoxy resins in 2020 amounted to ...
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Companies entering the market are advised to pay attention to maximizing the impact of positive factors and minimizing the impact of negative ones:
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Diagrams
Diagram 1. The main areas of application of epoxy resins,%
Diagram 2. Structure of the epoxy resins market by consumption sectors, %
Diagram 3. Market structure of epoxy resins by type of product, %
Diagram 4. The ratio of imported and domestic products in the epoxy resin market in 2016-2020,%
Diagram 5. Dynamics of the market volume of epoxy resins in India, 2016 - 2020, tons
Diagram 6. Revenue (net) from the sale of epoxy resins by union territories for 2016 - 2020, %
Diagram 7. Dynamics of India's GDP, 2007-2020, % to the previous year
Chart 8. Monthly dynamics of the US dollar against the rupee, 2015-2020, Rs. for 1 US dollar
Diagram 9. Dynamics of India's IPP in 2014 - 2020, % to the previous year
Diagram 10. Population dynamics in India as of January 1, 2010-2020, million people, %
Diagram 11. Population forecast in India for the period 2021-2024, million people
Diagram 12. Dynamics of real incomes of the population of India, 2011 - 2020, % to the previous year
Diagram 13. Dynamics of the volume of the market for the construction of bridges and tunnels, 2014-2020 (1pg), billion Rs.
Chart 14. Dynamics of the size of the average interest rate on loans, 2015-2020 (Jan-Nov), years, %
Figure 15. Epoxy market life cycle stage
Diagram 16. Shares of the largest competitors in the epoxy resin market in real terms in 2020, %
Diagram 17. Dynamics of production volumes of epoxy resins in India for 2016 - 2020, tons
Diagram 18. Dynamics of the total revenue of the largest manufacturers (TOP-5) of epoxy resins in India, 2016-2020 (forecast), billion Rs.
Diagram 19. The share of exports in production for 2016–2020, %
Chart 20. Shares of Indian states in epoxy resin production in 2020, %
Diagram 21. Volume and dynamics of imports of epoxy resins in physical terms in 2014-2020, tons
Diagram 22. The volume and dynamics of imports of epoxy resins in monetary terms in 2014-2020, thousand dollars
Diagram 23. Dynamics of export of epoxy resins in physical terms in 2014-2020, tons
Diagram 24. Dynamics of export of epoxy resins in monetary terms in 2014-2020, thousand dollars
Diagram 25. Balance of exports and imports in 2014-2020, tons
Chart 26. Structure of exports by countries in 2020, %
Diagram 27. Dynamics of consumption of epoxy resins in monetary terms, 2016 - 2020, billion Rs.
Diagram 28. Distribution of the number of purchases in India depending on the type of procurement procedure (by the number of purchases) in 2020,%
Chart 29. Average estimated prices of exports in 2020 to countries outside the CU (according to the Union Territories of Producers), Rs./kg
Diagram 30. Forecast of market volume in 2021 - 2025, tons
Tables
Table 1. Forecasts of various sources for real GDP in India in 2020-2023 (base scenario), %
Table 2. CPI for selected types of industrial goods for India at the end of the period in 2014-2020 (January-November), %
Table 3. Indices of production by industries-consumers of epoxy resin in India in 2015-2020 (Jan.-Nov.), in % to the corresponding period from the beginning of the previous year
Table 4. Weighted average interest rates of credit institutions on credit operations in rupees, excluding PJSC Sberbank (% per annum), 2015-2020 (Jan-Nov)
Table 5. STEP Analysis of Factors Affecting the Epoxy Resin Market
Table 6. The main companies participating in the epoxy resin market in 2020
Table 7. Profiles of companies participating in the epoxy resin market in 2020
Table 8. Dynamics of epoxy resin production in India by union territories in 2016-2020, tons
Table 9. Structure of imports of epoxy resins by importing countries in 2020, units rev.
Table 10. Tenders for the purchase of epoxy resins for which contracts were concluded from 01.01.2020/31.12.2020/ to / /
Table 11. Tenders for the purchase of epoxy resins in 2020 in the amount of at least Rs 5 million.
Table 12. Average producer prices in the epoxy resin market across the Union Territories in 2017-2020, Rs./t
Table 13. Average consumer prices in the market of epoxy resins by states of India, Rs./conv. bank
Table 14. Assessment of factors of investment attractiveness of the epoxy resin market
Table 15. Main indicators of the forecast for the socio-economic development of India until 2023 (base case), units rev.
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