Mega Projects Super Absorbent Polymer Kerala State Industrial Development Corporation July 2017 Disclaimer The findings contained in this document are based on the initial information collated through primary and secondary research which is indicative in nature Reference herein to any ID: 775617
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Slide1
Project Profiles Kerala Investment Potential
Mega ProjectsSuper Absorbent Polymer
Kerala State Industrial Development CorporationJuly 2017
Disclaimer:
The findings contained in this
document are
based on the initial information collated through primary and secondary research, which is indicative in nature. Reference herein to any specific commercial product, process, service by trade name, trademark, manufacturer, or otherwise, does not constitute or imply its endorsement, recommendation, or
favouring
by KSIDC or any entities thereof. It is, however, advisable to get a detailed feasibility study prepared before taking a final investment decision.
Slide2Super Absorbent Polymer
Sector/Industry – Manufacturing Project Type – Mega Estimated Project Cost – INR 900 CroreProposed Location – Kochi (BPCL-Kochi Refinery)
Disclaimer:
The findings contained in this document are based on the initial information collated through primary and secondary research, which is indicative in nature. Reference herein to any specific commercial product, process, service by trade name, trademark, manufacturer, or otherwise, does not constitute or imply its endorsement, recommendation, or favouring by KSIDC or any entities thereof. It is, however, advisable to get a detailed feasibility study prepared before taking a final investment decision.
Slide3Project Description
Superabsorbent Polymers (SAP) are hydrogels which can absorb water many times higher than its own weight. Compared to common absorbents like tissue paper, wood pulp fluff etc. SAP can absorb moisture upto 5 to 100 times of their own weights. Glacial Acrylic acid and Caustic soda is used to produce recipe grade SAP, which is further subjected to cross-linking using chemicals/initiators to produce quality SAP.The project plans to set-up a manufacturing unit of Superabsorbent Polymer of 60,000 TPA capacity.
Market Scenario
According to “Global Superabsorbent Polymer Market 2016-2020”, Superabsorbent polymers market was valued at US$ 39,548.1 Mn in 2015 and is expected to reach US$ 64,761.9 Mn by 2022, growing at a CAGR of 7.3% during the forecast period 2016-2022.The market for diaper is the largest application for superabsorbent polymers and have been growing with a CAGR of 22.23% over past five years. This is driving the demand for SAP.The medical industry has contributed and is expected to fuel more demand for superabsorbent polymers in the market through its wound care segment. Due to its water retention property and advancement in technology, superabsorbent polymers are used in manufacturing medical products which include traditional and advanced wound care products such as bandages and surgical pads among others. These polymers help absorbing exudates and liquids leaving the wound dry. This prevents itching and quick recovery of wound. SAP is used in agriculture for drip irrigation techniques. Reduces water loss, irrigation frequency may be reduced by 50%. Therefore, these industries are also projected to fuel demand for superabsorbent polymers in the near future.SAP is also used in Sanitary napkins & Adult diapers. The demand is increasing ,with focus on rural markets with regard to female hygiene products.
Source: http
://
www.credenceresearch.com/report/superabsorbent-polymers-market
Slide4Project Parameters
ParameterDescription Capacity60,000 TPALand20 acresRaw Material & UtilitiesGlacial Acrylic Acid:- Being produced from the petrochemical complex of BPCL – Kochi RefineryEmployment Potential500 to 1000 direct jobs and up to 2,000 indirect jobsCost of the project (INR)~ INR 900 CroreThe estimated breakup of costs are as follows:Land - ~ 13 CrBuilding comprising of plant area, office, store, packaging space, processing space, yard, open space - ~ 51 CrMachinery, working capital and other expenses - ~ 836 Cr Means of Finance Project is expected to come up in JV mode, the JV partner providing the License/ Equity and ensuring marketing of SAP to end-usersExpected Sales TurnoverSAP cost per kilogram varies based on absorbency and retention capacities required by applicationAssuming plant production capacity of 30% in year 1, the estimated revenue per year will be in tune of INR 290 Cr
Source
: https://
dir.indiamart.com/impcat/super-absorbent-polymer.html, http
://
www.starchemical.in/super-absorbent-polymer.html#super-absorbent-polymer,
Slide5Competitive Landscape
Dominated by major players world–wide such as Dow, BASF, Nippon Shokubai, San Dia polymers, Evonik, & LG Chem. There are minor Chinese playersThese large players have inbuilt research and development center. Companies focusing on manufacturing baby diapers focus on product thinness to ensure optimal comfort and minimizing environmental impact. To achieve this, companies are procuring SAP with highly absorbent cores and also reducing the weight of bulkier materials such as fluff pulp. This is one key application which will strive need for innovation in SAP manufacturing and processing.
Conclusion
Super-absorbent polymers have immense potential to cater to key environmental issues and the same is being researched extensively worldwide. Plant growth and different physiological activities are restricted by drought stress and the application of super-absorbent polymer could conserve soil water, making same available to plants for increased growth and biomass accumulation especially under severe water stress. Thus, application of SAP is a suitable soil management practice for the locations characterized by severe water stress.SAP has been already indispensable for diapers and sanitary products. In many countries, due to falling birth rate and aging population the increase rate of diapers for elderly adults tends to exceed that of diaper for babies, which increases the total demands of SAP. SAP opportunities in this space can become a huge opportunity for the proposed plant at Cochin to capture. Make in India sector policy offers various incentives for research and development, green technology and practices
Key CompetitorsNo domestic player in India. SAP demand is met entirely through imports. The major end-users are P&G, Unicharm & Johnson & Johnson.
Source: https
://
www.gminsights.com/industry-analysis/synthetic-and-bio-super-absorbent-polymer-sap-market
Slide6Disclaimer:The findings contained in this document are based on the initial information collated through primary and secondary research, which is indicative in nature. Reference herein to any specific commercial product, process, service by trade name, trademark, manufacturer, or otherwise, does not constitute or imply its endorsement, recommendation, or favouring by KSIDC or any entities thereof. It is, however, advisable to get a detailed feasibility study prepared before taking a final investment decision.
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