14 May 2010 12:46 [Source: ICIS news]
MUMBAI (ICIS news)--India’s demand for emulsions, paints and adhesives is set to grow 10-12% per year in the next five years, up from the 8-9% annual growth seen in the past four to five years, due to a buoyant economy and growing affluence, producers said on Friday.
Producers were speaking on the sidelines of the Asia Petrochemical Industry Conference (APIC) 2010, which takes place in Mumbai, India, from 13-14 May.
“There is a construction boom amid a stable government, and there is a huge scope for the emulsions and adhesives industries,” said an adhesives producer.
“We expect to double our captive requirements for vinyl acetate monomer (VAM) raw material to 1,000 tonnes per month by the end of this year,” he said, adding that the company also supplies 500 tonnes of VAM in the merchant market.
The import volume for 2010 is expected to rise above 110,000 tonnes, partly due to the idling of Vinyl Chemicals
VAM is the raw material for the manufacture of adhesives, emulsions, textile coatings and decorative coatings.
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