12 Business Opportunities for Entrepreneurs to Start an Industry in 2019
12 Business Opportunities for Entrepreneurs to Start an Industry in 2019. Profitable Manufacturing Business Ideas
Departmental Store
A departmental store is a large retail trading organization. It has several departments, which are classified and organized accordingly. Departments are made as per different types of goods to be sold. For example, individual departments are established for selling packed food goods, groceries, garments, stationery, cutlery, cosmetics, medicines, computes, sports, furniture, etc., so that consumers can purchase all basic household requirements under one roof. It provides them maximum shopping convenience and therefore, also called as ‘Universal Providers’ or ‘one spot shopping’.
Today, departments often include the following: clothing, furniture, home appliances, toys, cosmetics, house ware, gardening, toiletries, sporting goods, paint, and hardware. Additionally, other lines of products such as food, books, jewelry, electronics, stationery, photographic equipment, baby products, and products for pets are sometimes included. Customers generally check out near the front of the store, although some stores include sales counters within each department. Some stores are one of many within a larger retail chain, while others are independent retailers.
The Department Stores industry comprises retailers that sell a wide range of merchandise, including apparel, footwear, home goods, appliances, toys and sporting equipment. While big-box retailers, such as Wal-Mart and Target, have historically dominated the industry, many have expanded their product offerings in recent years to include groceries. This one-stop-shop format has boosted revenue for these companies; however, general merchandise stores that offer groceries are included in the Warehouse Clubs and Supercenters industry which effectively removes them from the Department Stores industry.
Tripod Stands, Tables & Chairs (100% EOU)
Tripod Stands
A tripod is a portable three-legged frame or stand, used as a platform for supporting the weight and maintaining the stability of some other object. A tripod provides stability against downward forces and horizontal forces and movements about horizontal axes.
A tripod is a three legged device to hold your camera still. This is useful at lower shutter speeds to prevent the shake of your hands or the action of pressing the shutter from blurring the image, what we call camera shake for short.
The outlook for the industrial tripods market is expected to be positive and the industrial tripods market will register healthy year over year growth over the forecast period. This growth can be attributed to rising demand for advanced-tech features in photography and strict government regulations to ensure quality of infrastructure. Under the material type segment of the industrial tripods market, the carbon fiber type industrial tripod segment is expected to register significant growth during the forecast period as this technology provides distinctive features, such as resistance to weather and corrosion.
Tables & Chairs
A table is an item of furniture with a flat top and one or more legs, used as a surface for working at, eating from or on which to place things. Some common types of table are the dining room table, which is used for seated persons to eat meals; the coffee table, which is a low table used in living rooms to display items or serve refreshments; and the bedside table, which is used to place an alarm clock and a lamp. There are also a range of specialized types of tables, such as drafting tables, used for doing architectural drawings, and sewing tables.
Overall, the U.S. furniture market is expected to experience growth. The market registered a 4.5% increase in growth in 2016, placing its overall value at $114 billion. Although the first six months of 2017 saw a softened increase of 2.5% in consumer spending year over year, the U.S. furniture market is anticipated to grow at a “compound annual growth rate of 2.9% through 2019.”
White Cement
White cement is typically specified to ensure clean, bright, consistent colors, including light pastels. White cement allows a wide range of color options for producing structural and architectural concrete, as well as masonry and cementations building products. The final color and look of concrete and masonry materials are affected by many factors:
White cement is a construction material, which exhibits aesthetic and hydraulic binding properties. This cement is often deployed along with pigments to impart attractive color to the concretes and mortars, which is not feasible with ordinary gray cement.
White cement is extensively used as an alternative to gray cement owing to its value-added properties such as its ability to reflect heat and improved aesthetic appearance. The demand for white cement is higher among countries with hot environment conditions as more heat is reflected from the resulting white concrete surface when compared to standard gray concrete.
Benefits
- While grey cement is great for normal bricklaying work, white cement is necessary for the surface of the wall. It makes the walls resistant to external elements & acts as a smooth base for the paint.
- The process is called a ‘wash’. The custom is to have your walls lime-washed; however, using white cement concrete mix will serve you multiple benefits.
- The white cement wash offers a much better finish to start with, concealing hairline cracks with a durable, matte finish. The second benefit is the effect on the paints; the white surface allows the paint to stand out while also protecting it from moisture from the walls.
The white cement market is expected to register a significant growth during 2018 to 2023 (the forecast period). This tremendous growth is supported by the increasing construction activities in emerging economies.
Copper Strip Coils from Scraps
Copper strip is produced in a wide variety of copper alloys, including clad composites. It can be produced in standard dimensions.
Copper Strips Market size is expected to witness a gush in demand due to high gains in construction spending enhances the product consumption in various applications including switchgears, transformers and other electronics. Rising infrastructural development, particularly in developing countries of Europe, Middle East and Africa, will further aid copper strips suppliers as updating the national power grids in these countries fuel the production of wires and cables.
Brass and Copper Tube
Copper and brass are two very similar looking metals but there are many occasions when it’s useful to be able to differentiate between brass and copper pipes. Copper is a naturally occurring metal which is fairly unique in the fact that it has a gold like color. Most metals (with the exception of gold) are silver in color. Brass is a manmade alloy of copper and zinc mixed together.
Brass is a metallic alloy that is made of copper and zinc. The proportions of zinc and copper can vary to create different types of brass alloys with varying mechanical and electrical properties. It is a substitutional alloy: atoms of the two constituents may replace each other within the same crystal structure.
Brass is used for decoration for its bright gold-like appearance; for applications where low friction is required such as locks, gears, bearings, doorknobs, ammunition casings and valves; for plumbing and electrical applications; and extensively in brass musical instruments such as horns and bells where a combination of high workability (historically with hand tools) and durability is desired. It is also used in zippers. Brass is often used in situations in which it is important that sparks not be struck, such as in fittings and tools used near flammable or explosive materials.
Copper pipes and tubes are generally utilized to supply hot water and cold water. They are also employed as refrigerant line in high voltage AC systems. Furthermore, copper pipes and tubes are customized to cater individual requirements for many applications such as ultra-low bandwidth devices.
The global copper pipes and tubes market will grow at a CAGR of close to 4% during the forecast period.
Vacuum Metalizing Process
Vacuum metallization is a form of physical vapor deposition, a process of combining metal with a non-metallic substrate through evaporation. The most common metal used in vacuum metallization is aluminum for a variety of reasons such as cost, thermodynamic, and reflective properties. The evaporation takes place by feeding aluminum onto heated sources or boats, which operate at approximately 1500°C (2700°F). The vacuum metalization chamber’s atmosphere is evacuated to a vacuum level suitable for the evaporation of the aluminum wire. Upon contact with the substrate being processed, the aluminum vapor condenses and creates a uniform layer of vacuum deposited aluminum.
Vacuum coating and metallizing is the process of adding a thin film of aluminum or other coating to a material. In principle, the process calls for the evaporation of the coating material inside a vacuum chamber, after which it condenses onto a web of substrate as it passes through.
Vacuum metallizing is the process in which a simulated chrome finish is applied to a non-porous substrate such as plastic. This is done under vacuum by evaporating an extremely thin layer of nearly pure aluminum onto the surface to be coated. The machine used to perform the operation is called a vacuum metallizer.
Blue Detergent Powder
A detergent is a surfactant or a mixture of surfactants with cleaning properties in dilute solutions. These substances are usually alkyl benzene sulfonates, a family of compounds that are similar to soap but are more soluble in hard water, because the polar sulfonate (of detergents) is less likely than the polar carboxylate (of soap) to bind to calcium and other ions found in hard water.
In most household contexts, the term detergent by itself refers specifically to laundry detergent or dish detergent, as opposed to hand soap or other types of cleaning agents. Detergents are commonly available as powders or concentrated solutions. Detergents, like soaps, work because they are amphiphilic: partly hydrophilic (polar) and partly hydrophobic (non-polar). Their dual nature facilitates the mixture of hydrophobic compounds (like oil and grease) with water. Because air is not hydrophilic, detergents are also foaming agents to varying degrees.
Detergents are available in three forms, namely powder detergent, bar detergent and liquid detergent. Powder detergents are widely accepted by Indian consumers and dominate the industry. Even though detergent bars are still used in rural areas, they are fast disappearing from the market because of ineffectiveness.
The detergent industry is an international industry which has been increasing by multiple percent’s every year. It is an integration of diverse companies that are fundamentally engaged in manufacturing synthetic organic detergents, inorganic alkaline detergents, and crude and refined glycerin from vegetable oils and animal fats. The industry is further expected to grow in both the industrialized as well as in the developing nations.
Mobil Oil (Lube) & Grease
Lube Oil
Lube oils are just one of many fractions, or components, that can be derived from raw petroleum, which emerges from an oil well as a yellow-to-black, flammable, liquid mixture of thousands of hydrocarbons (organic compounds containing only carbon and hydrogen atoms, these occur in all fossil fuels). Petroleum deposits were formed by the decomposition of tiny plants and animals that lived about 400 million years ago. Due to climatic and geographical changes occurring at that time in the Earth’s history, the breakdown of these organisms varied from region to region.
Lube oil is a one of the essential elements for operating any kind of machinery on board ship. Lube oil is responsible for lubrication and cooling of the parts which are operating relative to each other, giving rise to frictional and other types of stresses on the machinery. Without the use of lube oil, we cannot imagine any machinery operation on ship.
The global lubricant market is expected to register a CAGR of 2.18% during the forecast period, 2018-2023. One of the major factors driving the growth of the global market is the growing automotive production Asia-Pacific and Europe, especially in countries, such as India, United Kingdom, Italy, France, and Indonesia. Additionally, the growing demand for and usage of high-performance lubricants (owing to their better and improved properties, such as reduced flammability, reduced gear wear, and increased service life), is also driving the growth of the market, as the aforementioned properties, make these lubricants suitable for high temperature applications.
Lubricants are majorly used in the industrial sector for the proper functioning of machines. They are also used in automobile for smooth functioning and longevity of engines and other components. Lubricants are available in liquid, semi-fluid, or solid state, and possess various characteristics, such as, high viscosity index, high level of thermal stability, low freezing point, and high boiling point, all of which help to reduce friction between surfaces of machine parts and the rate of wear, without compromising operational efficiency.
Grease
Grease is a semisolid lubricant. Grease generally consists of a soap emulsified with mineral or vegetable oil. The characteristic feature of greases is that they possess a high initial viscosity, which upon the application of shear, drops to give the effect of an oil-lubricated bearing of approximately the same viscosity as the base oil used in the grease. This change in viscosity is called shear thinning.
Grease is sometimes used to describe lubricating materials that are simply soft solids or high viscosity liquids, but these materials do not exhibit the shear-thinning properties characteristic of the classical grease. For example, petroleum jellies such as Vaseline are not generally classified as greases
The global grease market is expected to grow at a CAGR of 2.13% during the forecast period, 2018 – 2023. The major factors driving the growth of the grease market are the increasing automotive production in Europe and Asia-Pacific along with the booming manufacturing activities in Asia-Pacific region.
Growth of the automotive industry in the emerging markets of Asia-Pacific and Latin America is expected to drive automotive lubricant demand. This market is characterized by the growing demand for engine oils, transmission fluids and hydraulic fluids in both commercial and consumer automobiles. Increasing sales of passenger cars and motorcycles should further strengthen the trend over the forecast period.
Spice Oil or Oleoresins (Extraction of Essential Oil, Cardamom, Jeera, Ajwain, Ginger & Other Spices)
Spice oleoresins represent the complete flavour profile of the spice. It contains the volatile as well as nonvolatile constituents of spices. Oleoresins can be defined as the true essence of the spices and can replace whole/ground spices without impairing any flavour and aroma characteristic. Oleoresins are obtained from spices by extraction with a non-aqueous solvent followed by removal of the solvent by evaporation. Spice oleoresins guarantee superior quality of flavor and aroma. They are complete and balanced, consistent and standardized.
The spice oils and oleoresins are especially suitable for such snacks in that they can be used very conveniently (without any handling of the raw spice like ginger, chilli, onion, etc.) and producing a standardized effect on taste. This is the reason practically all plants in India, numbering to more than twenty five are sent percent exporting their products to these nations. The demand is increasing and more and more plants are being commissioned for 100% export.
It is used as a substitute for whole or ground spices without impairing flavor and aroma. Spice oils and oleoresins are consumed by a broad range of manufacturers such as beverage, confectionery, curry powder, soups, etc.
On the basis of product type, spice oils and oleoresins market is segmented into black pepper, cardamom, capsicum, turmeric, cinnamon and others.
The global essential oil market is observing a significant expansion in its size, thanks to the increasing usage of essential oil in aromatherapy. The augmenting demand for flavored food and beverages products among consumers is also boosting this market substantially. With the rising development of innovative beauty and personal care products, fueled by the increasing preference for natural products, the usage of essential oil for the creation of new fragrances is surging, leading to an expected upswing in this market over the next few years.
The market’s opportunity is expected to touch US$17.36 bn by 2017. Further, the market is projected to expand at a CAGR of 9.60% between 2017 and 2022 and attain a value of US$27.49 bn by the end of 2022. The escalating industrialization and the augmenting disposable income of consumers are the also projected to drive the growth of this market in the near future, especially in emerging countries.
The global market for essential oil is also assessed on the basis of region. The Middle East and Africa (MEA), Asia Pacific excluding Japan (APEJ), Latin America, North America, Europe, and Japan have been considered as the prime regional markets for essential oil across the world. Hitherto, Europe has been leading the global market.
Rubber Reclaiming Unit
Reclaimed rubber is cured rubber obtained through thermo-chemical process that softens and swells the rubber. The viscosity of the rubber is lessened by shortening the polymer chain by mechanical shear and chemical action. The different types of reclaimed rubber available in the market are whole tire reclaim (WTR), drab and colored, butyl reclaim, and ethylene propylene diene monomer (EPDM), among others. Of these, butyl reclaim enjoys a substantial share in the market. Going forward, however, EPDM is slated to outshine all the other types of products in terms of growth due technological progress that has resulted in better product properties and improved sustainability.
Reclaimed rubber finds application in automotive and aircraft tires, footwear, cycle tires, molded rubber goods, belts and hoses, retreading, etc. Among them, the automotive and aircraft tires account for a dominant share in the market and in the years ahead is slated to outpace all other application segments to clock maximum growth. Rising knowledge about the cost-effective and eco-friendly alternatives for virgin rubber will likely drive demand for reclaimed rubber for use in durable tires and other synthetic products in automotive sector.
Reclaimed rubber is a cured rubber produced after passing through various thermo-chemical processes. Reclaimed rubber is soften by shortening the polymer chain. It is used in various applications such as automobiles, aircraft, retreading, belts & hoses, footwear, and adhesives.
Reclaimed rubber is extensively used for industrial applications in place of synthetic rubber due to sustainability, less energy consumption, and cost-effectiveness. Stringent government regulations to promote recyclable material usage to reduce environmental pollution is driving the market growth.
Reclaim rubber used as a substitute for natural & synthetic rubber. Reclaim rubber from a scrap of whole tires; tread peelings, natural rubber tubes used for different applications both for tires and on tires rubber products. Reclaiming or recycling is the widest spread method allowing fractional recycling and use of waste rubber. The common principle of the most existing methods of reclaiming is the destruction of turgid vulcanized rubber or thermal-oxidative.
At the forefront of driving demand in the global market for reclaimed rubber is the growing consumer awareness about environment-friendly materials with reduced processing costs and improved properties. As a result, reclaimed rubber is finding use in automotive and cycle tires, footwear, and other molded rubber goods. Other factors stoking growth in the market are rising rubber costs, increasing concerns about the damage caused to the environment because of dumping used rubber in rivers, and greater energy efficiency.
One trend in the market is increasing demand for reclaimed rubber tires from automotive industry. The growth of the automotive industry has resulted in high demand for reclaimed rubber tires. Reclaimed rubber is used in automotive tires to improve its resistance to sunlight, ozone, heat, and mechanical stress. With the rising use of tires in vehicles, the demand for reclaimed rubber will increase during the forecast period.
Global reclaimed rubber market was valued at USD 2.09 billion in 2016, is expected to reach USD 3.75 billion in 2022 and is anticipated to grow at a CAGR of 10.2% between 2017 and 2022.
Plastic Processing Moulds
Plastic moulding is the process of shaping plastic using a rigid frame or mould. This frame is known as Plastic Mould. The technique allows for the creation of objects of all shapes and sizes with huge design flexibility for both simple and highly complex designs. A popular manufacturing option, plastic moulding techniques are responsible for many car parts, containers, signs and other high volume items.
Molding, also sometimes spelled moulding, is the process of manufacturing by shaping liquid or pliable material using a rigid frame called a mold or matrix.
The plastic industry has been growing at about 20 percent a year on the back of spiralling demand from domestic and export markets.
The growth rate of the Indian plastics industry is one of the highest in the world, with plastics consumption growing at 16% per annum (compared to 10% p.a. in China and around 2.5% p.a. in the UK). With a growing middle class (currently estimated at 50 million) and a low per capita consumption of plastics, currently 8kg per head, this trend is likely to continue.
Continuous Copper Rod (CCR) from Copper Scraps
Copper rod is considered suitable for power and communication cables, house wire, strips for power and distribution transformers, magnet wires, etc. Copper rod is considered suitable for power and communication cables, house wire, strips for power and distribution transformers, magnet wires, etc.
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