10 New Startup Ideas that can be started in 2019. Most Profitable Manufacturing Businesses in India
Best startup business ideas means a lot to your startup business growth. People today follow their dreams and choose their passion over money. They are always in search of best startup business ideas which can feed their passion. Product manufacturing is an evergreen business globally. And this is one of the most lucrative sector revenue-wise. Here we put a list of few most profitable manufacturing Businesses you can start on your own.
Here are 10 Great Business Ideas to get started:
Submersible Pump & Motor
A submersible pump (or sub pump, electric submersible pump (ESP)) is a device which has a hermetically sealed motor close-coupled to the pump body. The whole assembly is submerged in the fluid to be pumped. The main advantage of this type of pump is that it prevents pump cavitation, a problem associated with a high elevation difference between pump and the fluid surface.
Submersible pumps push fluid to the surface as opposed to jet pumps having to pull fluids. Submersibles are more efficient than jet pumps. A submersible pump pushes water to the surface by converting rotary energy into kinetic energy into pressure energy. This is done by the water being pulled into the pump: first in the intake, where the rotation of the impeller pushes the water through the diffuser.
Submersible pump is a mechanical device used for transferring various types of fluid in different end use industries and is highly preferred for agricultural and industrial applications. Submersible pump is vertically submerged under the fluid to be transported (such as water etc.) and is driven by electric current, operating on the principle of centrifugal force. Various kinds of submersible pumps are available in the market, serving different purposes.
The Global submersible pump market is anticipated to reach USD 12.5 billion in 2023 witnessing a CAGR of 5.5% over the forecast period 2015-2023. Asia-Pacific accounted for the highest percentage share of 42% to the global market in 2014, however the market is estimated to reach USD 2.8 billion by 2016 This can be attributed to various factors such as growing urbanization, rapid growth in industrialization, increasing population and emerging economy of developing nations such as India, China and Japan.
HDPE Film Sheet
High Density Polyethylene (HDPE) is the high density version of PE plastic and is harder and denser than the LDPE, but is less ductile, and lighter than water. HDPE is well suited for applications where a greater tensile and compression strength is needed.
HDPE films and sheets segment is also anticipated to observe lucrative growth rate by 2025. Unique properties of HDPE sheet include abrasion resistance, good electrical properties, low friction coefficient, chemical & corrosion resistance, moisture & odor resistance, and high impact strength. HDPE is widely utilized in food packaging industry and is FDA approved; borated HDPE is used on nuclear facility applications as it offers strong radiation protection.
The global plastic films & sheets market is expected to reach USD 157.5 billion by 2025, according to a new report by Grand View Research, Inc. Rise in the global consumption of sustainable textiles has been a major factor driving market growth. Growing demand from application industries and rising prominence of eco-friendly and water soluble films have increased the utilization of plastic films and sheets in the global market.
Fullers Earth
Fuller's earth is any clay material that has the capability to decolorize oil or other liquids without chemical treatment. Fuller's earth typically consists of palygorskite (attapulgite) or bentonite. Modern uses of fuller's earth include absorbents for oil, grease, and animal waste (cat litter) and as a carrier for pesticides and fertilizers. Minor uses include filtering, clarifying, and decolorizing; active and inactive ingredient in beauty products; and as a filler in paint, plaster, adhesives, and pharmaceuticals. It also has a number of uses in the film industry and on stage.
Fuller's earth is used to decolourise, deodorise, dehydrate and neutralise various minerals, vegetable, animal oils, etc. It is also used in the manufacture of No Carbon Required (NCR) papers.
Andhra Pradesh was leading producer accounted for 74% of the total value of production of fuller's earth followed by Rajasthan with 16% and the remaining 10% was shared by Madhya Pradesh (5%), Karnataka (4%) & Jammu & Kashmir (1%).
Leather & Leather Goods
Leather
Leather is a durable and flexible material created by tanning animal rawhides, mostly cattle hide. It can be produced at manufacturing scales ranging from cottage industry to heavy industry. Leather is used to make various goods including footwear, automobile seats, clothing and furniture. It is produced in a wide variety of types and styles and decorated by a wide range of techniques.
Leather is one of the most widely traded commodities globally. The growth in demand for leather is driven by the fashion industry, especially footwear. Apart from this, furniture and interior design industries, as well as the automotive industry also demand leather. The leather industry has a place of prominence in the Indian economy due to substantial export earnings and growth.
The leather industry in India holds a very prominent place in the Indian economy. The leather and leather products industry is one of the oldest manufacturing industries in India. The Indian leather industry provides employment to about 2.5 million people in the country and has an annual turnover of approximately US$ 5,000,000.
The industry has a massive potential for providing more employment, growth, and exports. Recently, the exports of leather and leather products have gained massive momentum. The exports of Indian leather goods have registered phenomenal growth. This is mainly because great emphasis has been placed on the planned development of the leather industry and at the optimal utilization of available raw materials.
Leather Goods
Leather goods include various products such as footwear, luggage, bags, wallets and purses, and other accessories. Leather goods/luggage leather goods are generally made from buff and cow uppers and softy uppers with different finishes.
The global leather goods market is projected to grow at the rate of 6.2% during the forecast period 2018 to 2023. Leather goods are highly popular among consumers as they have inherent qualities such as dustproof, fireproof, crack proof, and durability which is expected to increase growth of leather goods market.
The global leather goods market was USD 93.2 billion in 2016 and will reach USD 121.16 billion by 2022 at a CAGR of 4.47% during the forecasted period. Retail stores hold the major share in this market that is over 90%, however, the online sales will increase during the period due to the growing popularity of ecommerce.
Important drivers for this industry are increasing domestic and international travel, global economic power and higher disposable income of consumers. Customers are now more aware and wish for designer leather products which is pushing this industry.
Nickel Catalyst for Hydrogenation of Vegetable Oil
Nickel catalysis plays a central role in many synthetic transformations ranging from cross coupling reactions in which carbon-carbon bonds are formed to the reduction of electron rich carbon bonds with raney nickel catalysts. Sigma-Aldrich provides an extensive suite of such nickel catalysts. Nickel-based catalytic systems are used in the production of many industrial and consumer products, and play a key role in organic synthesis.
Hydrogenation, vegetable oils are reacted with hydrogen gas at about 60ºC. A nickel catalyst is used to speed up the reaction. The double bonds are converted to single bonds in the reaction. In this way unsaturated fats can be made into saturated fats – they are hardened.
Hydrogenation of fats and oils is a very important operation in the industrial process of producing vegetable tallow, vegetable fats, margarines, and starting components for the cosmetic and chemical industry such as emulsifiers, soaps, creams, pastes, and similar substances. There are two main reasons why hydrogenation is important to the industry. The first is increasing the stability of the oil. Highly unsaturated oil is susceptible to autoxidation, thermal decomposition, and other reactions that affect the flavor. Consequently, it is desired to partially hydrogenate the oil to improve shelf life. The second reason to partially hydrogenate vegetable oil is to improve its utility. For most products, such as shortenings, margarines, or confectionery fats, the desired softening and melting characteristics correspond to oils that are partially hydrogenated. The choice of catalyst to use for hydrogenation greatly affects the properties of the final product.
LPG Stove Manufacturing
LPG stoves are very convenient for users as they heat up quickly and temperature can be precisely controlled. However, LPG stoves are mainly used by middle and high income groups in urban areas due to higher capital investment into devices and higher running costs for fuel. Also LPG stoves provide the freedom to stand in the kitchen for the cooking process without the inconvenience of squatting or sitting on the floor to cook meals.
The LPG stove industry is about 36 years old and is mainly concentrated in the small-scale sector. LPG is an exceptional energy source due to its origin, relative advantages and applications. No wonder LPG is known as The Ideal Fuel for Modern Living. With global availability, environmental benefits, its natural by-product origin, transportation flexibility and diverse application, LPG plays a pivotal role in the transition towards a more secure, sustainable and competitive energy model.
More and more number of new connections are being released by the Govt. and therefore the demand of LPG stove is also increasing day by day.
Coated Paper & Board (Art & Chromo)
Coated Paper
Coated paper is paper which has been coated by a mixture of materials or a polymer to impart certain qualities to the paper, including weight, surface gloss, smoothness or reduced ink absorbency. Various materials, including Kaolinite, calcium carbonate, Bentonite, and talc can be used to coat paper for high quality printing used in packaging industry and in magazines.
The Coated Paper Market is projected to reach USD 7.18 Billion by 2021, at a CAGR of 3.2% from 2016 to 2021. In this study, 2015 has been considered as the base year, and the forecast period is from 2016 to 2021 to estimate the coated paper market. The growing demand for coated paper in Asia-Pacific, Europe, and North America coupled with its increasing demand for packaging and printing applications is expected to drive the coated paper market.
Global coated paper market is expected to witness considerable growth owing to rapidly increasing demand from advertising and packaging industries. Coated paper offers gloss and matte texture finishes leading to rising applications in advertising materials, security papers, newspaper inserts, converted paper products, catalogue and magazines among others.
Coated Board
Coated Board is a coated, thick paper-based material. Coated Board is a paper with a basis weight (grammage) above 224 g/m2, but that is not absolute. Coated Board can be single (SBS) or multi-ply. Coated Board can be cut and formed, is lightweight, and as it is strong, is used in Packaging. Another end-use would be graphic printing, such as book and magazine covers or postcards.
Hawai Chappal (Footwear)
Hawai chappals are lightweight footwear used by gents, ladies, and children and are used probably by every person in the society of all ages. Nowadays with the advancement of technology slippers are being manufactured in lot many variations including fancy chappals.
Global Footwear Market is expected to garner $371.8 billion by 2020, registering a CAGR of 5.5% during the forecast period 2015 - 2020. Footwear industry is growing at a steady pace since the past few years.
Based on footwear type, the global footwear market can be classified as athletic footwear and non-athletic footwear. Athletic footwear includes aerobics shoes, running shoes, sports (cross training), walking shoes, soccer shoes, tennis shoes, cricket footwear, seasonal boots and others. Non-athletic footwear includes boots, casual, formal and rugged, and waterproof footwear.
The global footwear market is rising expeditiously as footwear is increasingly becoming a fashion accessory. Not only this, the increasing demand for trendy, yet comfortable footwear among all age groups a key factor driving the global footwear market. With increasing participation in sporting activities and changing lifestyle, there is a massive demand for athletic shoes among non-sportspersons as well. Manufacturers are continuously focused on expanding their product portfolio in order to gain competitive advantage in this market.
Foam & Its Products (Mattresses, Cushions, Pillow Sheets)
Mattresses
Mattresses are usually placed on top of a bed base which may be solid, as in the case of a platform bed, or elastic, such as an upholstered wood and wire box spring or a slatted foundation. Popular in Europe, a divan incorporates both mattress and foundation in a single upholstered, footed unit. Divans have at least one innerspring layer as well as cushioning materials. They may be supplied with a secondary mattress and/or a removable "topper." Mattresses may also be filled with air or water, or a variety of natural fibers, such as in futons. Kapok is a common mattress material in Southeast Asia, and coir in South Asia.
The global mattress market was valued at $31,181.5 million in 2017 and is predicted to register a CAGR of 3.8%, during 2018–2023. Rise in purchasing power parity and growing global population are the major drivers for the mattress market. Increasing number of hotels and rooms are expected to drive the growth of mattress. According to World Tourism Organization (UNTWO), international tourism grew by 7% in 2017 and is expected to grow at a rate of 4-5% in 2018. Moreover, increasing tourism is expected to drive the growth of hotels worldwide, which would further support market growth.
Based on end use, the mattress market has been classified into commercial users and residential users, out of which, commercial segment accounted for over 50% of revenue share in the global market in 2017. In the commercial segment, hotels are the main end users of mattresses as they change the mattresses more frequently than the residential users. On an average, a residential user changes their mattresses in 9-10 years, while the hotels change mattresses in around 5-6 years.
Mattress market is fragmented with regional players having greater dominance in their respective regions. Global players such as Tempur Sealy International Inc, Serta Inc, Sleep Number Corporation, are set to enhance their footprint by expanding the manufacturing facilities, franchises and joint ventures in order to compete with regional players.
Cushions
A cushion is a soft furry bag of some ornamental material, stuffed with wool, hair, feathers, polyester staple fiber, non-woven material, or even paper torn into fragments. It may be used for sitting or kneeling upon, or to soften the hardness or angularity of a chair or couch. Decorative cushions often have a patterned cover material, and are used as decoration for furniture.
The top countries contributing to Outdoor Cushions Industry market include the United States, European countries, Japan, China, India, Korea, Africa, and others. Custom country level and regional level information can be analyzed based on user’s interest.
Self-Tapping Steel Screws
One of the most important commercial fasteners in use today is the Self-Tapping Screw. Among the earliest “engineered” fasteners, Self-Tapping Screws were made from hardened steel and its use was instrumental to the Industrial Revolution. Still in use today, there are now many types and styles of Self-Tapping Screws made to perform specific fastening jobs.
Self-tapping screws have a wide range of tip and thread patterns, and are available with almost any possible screw head design. Common features are the screw thread covering the whole length of the screw from tip to head and a pronounced thread hard enough for the intended substrate, often case-hardened.
This item is being used for fastening of two or more sheet metal parts in bus body building, rail coach building & steel furniture, etc. This product is having potential both in domestic and international markets. As the demand of this item is increasing many new units are coming up.
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