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Best Business Opportunities in Kerala- Identification and Selection of right Project, Thrust areas for Investment, Industry Startup and Entrepreneurship Projects

Minerals: Project Opportunities in Kerala

PROFILE:

India has a large no. Of economically useful minerals and they constitute on quarter of the worlds known mineral resources. India is endowed with significant mineral    resources. India produces 89 minerals out of    which 4 are fuel minerals, 11 metallic, 52 non-metallic and 22 minor minerals. Ministry of Mines is responsible for survey and exploration of all minerals, other than natural gases, petroleum and atomic minerals, for mining and metallurgy of non-ferrous metals like aluminium, copper, zinc, lead, gold, nickel, etc. and for administration of the Mines and Minerals (Regulation and Development) Act, 1957 in respect of all mines and minerals other than coal, natural gas and petroleum.

RESOURCES:

Kerala is also a rich repository of several minerals and fine grained soil. Sillimanite, Ilmenite, Monazite abounds in this state. Fire clay, Silica, Ball clay and China clay, granite and graphite also occurs in large quantities in different parts of Kerala, paving the path for a flourishing industry. The mineral resources of a state are its greatest asset. The minerals not only earn the state revenue and foreign currency by export to other states and other countries respectively, they also form the raw material for the industries based on them. Kerala is a mineral rich state. The soil is loaded with a variety of inorganic minerals like Kaolin, Bauxite, Monozite, Zircon, Quartz and Silimanite. The golden sands of Quilon beach are rich in the heavier variety minerals such as Monozite, Ilmenite, Rutile, Zircon and Silimanite.

GOVERNMENT POLICIES:

·         As far as mineral sand is concerned, the Government will stick to the policy declared in the industrial policy 2007 that the mining and extraction will be permitted only through State/Central Public Sector Undertakings (PSU’s).

·         While granting mining leases value addition will be insisted by promoting processing units and mineral based industries in the State. 

·         Entrepreneurs promoting development of human resources and employment guarantee programme will be given priority.

·         Mining leases will be granted to those applicants who have long term programme concept and provide more employment opportunities.  For e.g., minerals like iron ore. Priority will be given to those who install processing / beneficiation unit

·         Adjoining minor mineral leases of smaller areas granted under KMMC Rules, 1967 will be amalgamated into a single lease. Non working quarries/mines will be identified and effort will be made to ensure the mining leases are not kept idle. 

·         Productivity of mines will be insisted while leasing the mine and reviewed periodically.

 

Agriculture: Project Opportunities in Kerala

 

PROFILE:

India has an agriculture-based economy. 43% of India’s territory remains employed in agricultural activities. Globalization and agriculture in India are both intricately connected to each other as agriculture in India prevails over all other sectors because it plays a pivotal role in the socio-cultural life of its people. At present, in terms of agricultural production, the country holds the second position all over the world. In 2007, agriculture and other associated industries such as lumbering and forestry represented around 16.6% of the Gross Domestic Product of the country. In addition, the sector recruited about 52% of the entire manpower. India is among the world’s leading producers of paddy rice, wheat, buffalo milk, cow milk and sugar cane. It is either the world leader or the second largest producer in eight out of its top ten products.

RESOURCES:

A unique feature of the State is the predominance of cash crops. About 50 per cent of the population depends on agriculture. Kerala is a major producer of coconut, rubber, pepper, cardamom, ginger, banana, cocoa, cashew, aracanut, coffee and tea. Spices like nutmeg, cinnamon, cloves, etc. are also cultivated. Rice and Tapioca are the important food crops. On a national scale, 92 % of the rubber, 70 % of coconut, 60 % of tapioca and almost 100 % of lemon grass oil is produced from the State. Kerala’s agriculture has the distinction of having the highest gross income per net cropped area. For instance, coconut occupies 41 per cent of net cropped area and provides livelihood to over 3.5 million families. While, the four plantation crops of rubber, coffee, tea and cardamom accounts for 29 per cent of the net cropped area in the State and 42 per cent of the area in the country.

GOVERNMENT POLICIES:

Indian agriculture policy is aimed essentially at improving food self sufficiency and alleviating hunger through food distribution. Aside from investing in agricultural infrastructure, the government supports agriculture through measures including minimum support prices (MSP) for the major agricultural crops, farm input subsidies and preferential credit schemes. In India, agricultural trade policy is a part of a larger food and agriculture policy regime that seeks to maintain food self-sufficiency while providing income support to the agricultural sector and poor consumers. The salient features of the new agricultural policy are:

·         Over 4 per cent annual growth rate aimed over next two decades.

·         Greater private sector participation through contract farming.

·         Price protection for farmers.

·         National agricultural insurance scheme to be launched.

·         Dismantling of restrictions on movement of agricultural commodities throughout the country.

·         Rational utilisation of country's water resources for optimum use of irrigation potential.

·         High priority to development of animal husbandry, poultry, dairy and aquaculture.

·         Capital inflow and assured markets for crop production.

·         Exemption from payment of capital gains tax on compulsory acquisition of agricultural land.

·         Minimise fluctuations in commodity prices.

·         Continuous monitoring of international prices.

·         Plant varieties to be protected through a legislation.

·         Adequate and timely supply of quality inputs to farmers.

·         High priority to rural electrification.

·         Setting up of agro-processing units and creation of off-farm employment in rural

 

 

 

 

 

Biotechnology: Project Opportunities in Kerala

 

PROFILE:

The Biotechnology sector in India is one of the fastest growing sectors of the Indian Economy. As the sector is mainly based on knowledge, it is expected that it will play an important part in shaping the Indian Economy, which is developing at a rapid pace. The Indian Biotechnology sector holds immense potential in terms of research and development, skill and cost effectiveness. The importance of Biotechnology for India is manifold. In addition to generating trained manpower and a knowledge base, India is proving to be an ideal setting for manufacturing activities and high-level biotechnology research programmes. It can bring revolutionary changes in people's lives and provide the path way to the unexplored secrets of nature.

 

RESOURCES:

Kerala’s rich bio-diversity and the availability of skilled labour make it one of the most prospective locations for Biotechnology. Its advantages include being one of the most health conscious states with high literacy, and a rich exposure to traditional medicines and healing. Additionally, the presence of established research institutions like Rajiv Gandhi Institute for Biotechnology, Indian Institute for Spices Research, Kerala Agricultural University, etc ensures adequately trained human resources required in Biotechnology. Since the Biotech industry in India is still in a nascent stage, especially in Kerala, an appropriate support and guidance from the state government would be essential to encourage entrepreneurship and industrial growth in this segment.

GOVERNMENT POLICIES:

Government of Kerala announced its Biotechnology Policy in 2003. To achieve the vision in Biotechnology, to ensure hazzle-free implementation and to provide sustained leadership and resources, two major initiatives, Kerala Biotechnology Board and Kerala Biotechnology Commission were made in 2003. The BT policy for Kerala is designed to catalyze the development and application of BT, taking advantage of the State’s resources and emphasizing its specific needs while meeting global requirements. The policy is aimed to ensure the rapid exploitation of pipeline technologies and opportunities available in the State to products and processes and to promote the sustained build-up of an elite knowledge cadre and knowledge base through the strengthening and creation of educational and R&D institutions, establishing infrastructure and putting in place administrative, regulatory, legal and financial framework conducive for investment and growth of BT enterprises, for the economic development and human welfare.

 

Rubber Industry: Project Opportunities in Kerala

 

PROFILE:

The world production of rubber was considered to be very unstable during the last few years. Comparatively, India's production of rubber is consistent at the rate of 6% per annum. The Rubber industry in India has been growing in strength and importance. This is the result of India's burgeoning role in the global economy. India is the world's largest producers and third largest consumer of natural rubber. Moreover, India is also one of the fastest growing economies globally. These factors along with high growth of automobile production and the presence of large and medium industries has led to the growth of rubber industry in India.

RESOURCES:

Kerala contributes 90% of India’s total production of natural rubber. Also, Kerala and Tamil Nadu together occupy 86% of the growing area of natural rubber. The rubber industry occupies about 3.84 lakh hectares and boasts of a turnover of 3.70 lakh tonnes that amounts to about ninety percent of the country’s total rubber production. The Kerala State Cooperative Rubber Marketing Federation Ltd., popularly known as RubberMark was incorporated in 1971, as an apex institution of the primary Rubber Marketing Cooperatives in Kerala, INDIA. Most of the rubber production is consumed by the tyre industry which is almost 52% of the total production of India. Among the states, Kerala is the leading consumer of rubber, followed by Punjab and Maharashtra.

 

GOVERNMENT POLICIES:

·         No state involvement in price control

·         Rubber prices respond to global prices

·         Government’s contribution in rubber research and development

·         Duties and levies contributing for financing of replanting and welfare of smallholders

·         Currency issues

·         Government involvement in labour supply

·         Environmental regulations

 

 

 

Tourism: Project Opportunities in Kerala

 

PROFILE:

Tourism has become an important industry in many countries of the world, both in the east and the west. Various initiatives are being taken by the Government and other organizationsto promote tourism here.Tourism is one of the fastest growing industries in the world. The number of tourists worldwide has been registering phenomenal growth and it is expected that this number would shortly touch 1.5 billion. Tourism contributes about 11% of the world work force and 10.2% of the global gross domestic products. The dynamic growth of this industry is evident from the fact that a new job is added to this sector every 2.5 second.

 

RESOURCES:

Kerala is a state on the tropical Malabar Coast of southwestern India. Nicknamed as one of the "10 paradises of the world" by National Geographic, Kerala is famous especially for its eco-tourism initiatives. Its unique culture and traditions, coupled with its varied demography, has made it one of the most popular tourist destinations in India. Beaches, warm weather, back waters, hill stations, waterfalls, wild life, Ayurveda, year–round festivals and diverse flora and fauna make Kerala a unique destination for tourists. Kerala offers a host of exciting holiday options. The factors stimulating a flourishing tourism sector include scenic splendour, moderate climate, clean environment, friendly and peace loving people with high tolerance for cultural diversity as well as the potential for creating unique tourism products. Some of the important places of tourist interest are:- Thiruvananthapuram; Kollam; Pathanamthitta; Alappuzha; Kottayam; Idukki; Ernakulam; Thrissur; Palakkad; Malappuram; Kozhikode; Wayanad; Kannur and Kasaragod. In kerala, Thenmala is the major project undertaken under eco- tourism. Thenmala Eco-Tourism project features a tourist facilitation centre, shop court garden, plazas, picnic area, natural trail, rock climbing, river crossing amphitheatre, restaurant, suspension bridge, lotus pond, musical dancing fountain, sculpture garden, deer rehabilitation centre, boating, battery powered vehicles, etc.

 

 

 

GOVERNMENT POLICIES:

Every Tourism Development Plan shall contain the following elements which are necessary for the integrated sustainable development of the area with major thrust on tourism development, namely:-

(i)           Policy in relation to the land use plan and allocation of land for tourism purposes;

(ii)          Policy in relation to the built up area, environment including architectural control and form;

(iii)        Strategies towards conserving and strengthening existing natural systems and enhancing the visual qualities of the region; and

(iv)         Regulations, if any, found necessary for the implementation of the Tourism Development Plan.

 

 

Bamboo: Project Opportunities in Kerala

PROFILE:

Bamboos are some of the quickest growing plants in the world,[2] as some species have been recorded as growing up to 100 cm (39 in) within a 24 hour period due to a unique rhizome-dependent system. Bamboos are of notable economic and cultural significance in South Asia, South East Asia and East Asia, being used for building materials, as a food source, and as a versatile raw product. Bamboo is used in Chinese medicine for treating infections and healing. It is a low-calorie source of potassium. It is known for its sweet taste and as a good source of nutrients and protein. Bamboo has been a primary raw material for manufacturing a variety of article. Primary coming under the cottage and small scale industry, bamboo work plays a vital role in the development of the state economy.

 

RESOURCES:

Twenty-two species of bamboo and two varieties belonging to six genera are recorded as native of Kerala. The majority of bamboos in Kerala are found at an elevation of 50-1500 m above sea level. The species belonging to the genera such as Ochlandra, Bambusa and Dendrocalamus are seen extensively growing in large forest areas as bamboo brakes and reed brakes. The species like Bambusa bambos and Dendrocalamus strictus are adapted to the dry plains and hilly tracts.  Their distribution is abundant in the most deciduous forests.  Bambusa bambos is generally found at an elevation between 50m – 1000 m and distributed throughout Kerala. Dendrocalamus strictus is distributed in the forests of Attappady, Nilambur, and Chinnar at an altitude of 150-750 m above sea level.

GOVERNMENT POLICIES:

Draft Kerala Bamboo Policy: This policy focuses on sustainable development of bamboo sector in Kerala with the active participation of stakeholders. The major pillars of this policy are sustainable management of existing bamboo resources in forest areas, plantations and in the homesteads, resource enhancement both in the forests and homesteads with the participation of stakeholders, better distribution of bamboo resources to the user groups and setting up bamboo-based industries. The policy suggests establishment of appropriate institutions, scientific management and marketing, linkage between production and utilization, industrial development, proper pricing, preferential treatment of bamboos in the forests and homesteads, formulation and implementation of grower friendly rules and regulations on growing, harvesting, transporting and marketing and appropriate publicity, research and extension.

 

Waste management: Project Opportunities in Kerala

PROFILE:

Waste utilization, recycling and reuse plays a major role in limiting resource consumption and the environmental impact of waste. Recycling is an integral part of any waste management system as it represents a key utilization alternative to reuse and energy recovery (Waste-to-Energy). Which option is ultimately chosen depends on the quality, purity and the market situation. Hazardous waste management is a new concept for most of the Asian countries including India. The lack of technical and financial resources and the regulatory control for the management of hazardous wastes in the past had led to the unscientific disposal of hazardous wastes in India, which posed serious risks to human, animal and plant life.

 

RESOURCES:

The Greater Kochi Area (GKA) ranks 24 (with CEPI score of 75.08) amongst the critically polluted areas (CPA) in the country. The State Pollution Control Board was instructed by the CPCB to evolve a time bound action plan for improving the environmental quality in the CPA. It was stated that external resource persons/institutions identified by CPCB/MoEF would be made available for this purpose. Such external guidance is still anticipitated. Meanwhile the Kerala Board, in consultation with the stakeholders in GKA, has chalked out an action plan for Greater Kochi Area. The main pollution sources of concern are industries, municipal solid waste, biomedical waste, E-waste and domestic waste.  The action plan hence includes mainly proposals for up gradation of existing pollution control facilities in the critically polluted area, common facilities such as CETPs, CTSDF, STPs, common biomedical waste management facility, municipal solid waste management, e-waste management and sewage management.

 

GOVERNMENT POLICIES:

National policy on waste management is set out in the October 1998 policy statement on waste management - Changing our Ways. It outlines the Government's policy objectives in relation to waste management, and suggests some key issues and considerations that must be addressed to achieve these objectives. The policy is firmly grounded in an internationally recognised hierarchy of options, namely prevention, minimisation, reuse/recycling, and the environmentally sustainable disposal of waste which cannot be prevented or recovered.

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Activated Carbon from Coconut Shell

Activated carbon is very important chemical has wide application and employed by numerous industries which require absorption of certain gases and vapours in purification, in catalytic chemical reactions, decolorisation of vegetable oil and sugar solutions. Activated carbons have a large surface area, liquid phase or decolorising carbons are generally light. Activated carbon is used in removing or improving the colour and flavour of edible materials, such as agar, beer, cider, wines, whisky, vinegar, fruit juices, gelatine, pectin, and cocoa butter. Activated Carbon Market is expected to garner 2,776 kilo tons and $5,129 million by 2022, registering a CAGR of 6.83% and 9.32% during the forecast period 2016-2022. As a whole there is a good scope for new entrepreneur to invest in this business. Few Indian major players are as under • Active Char Products Pvt. Ltd. • Acuro Organics Ltd. • Adsorbent Carbons Ltd. • Indo German Carbons Ltd. • Jacobi Carbons India Pvt. Ltd. • Kalpaka Chemicals Pvt. Ltd.
Plant capacity: 1080 MT/AnnumPlant & machinery: Rs 298 lakhs
Working capital: -T.C.I: Cost of Project: Rs 603 lakhs
Return: 28.00%Break even: 58.00%
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Curcumin Extraction Unit

Curcumin is the main biologically active phytochemical compound of Turmeric. Molecular chemical formula of Curcumin: C21H20O6. The most important constituents in organic turmeric are Curcuminoids, which is approximately 6%, and the yellow coloring principles of which Curcumin constitutes 50-60%. Curcumin is widely used to colour many foods. India is one of the largest manufacturers of curcumin, contributing to more than 80.0% of the global production. India & China are the major supplier of Curcumin, The turnover of Curcumin could reach USD 94.32 million in 2022. India contributes 80% of world production and roughly 60% of export. Indian Curcumin market size accounted for over 81% of the overall Asia Pacific revenue most of these as a food coloring agent. Thus, due to demand it is best to invest in this project.? Few Indian major players are as under • Arjuna Natural Extracts Ltd. • Concert Spices & Exports Ltd. • Enjayes Spices & Chemical Oils Ltd. • Naturite Agro Products Ltd. • Sanat Products Ltd. • Sunrise Foods Pvt. Ltd. • Synthite Industries Pvt. Ltd.
Plant capacity: Curcumin Powder: 25 Kgs./Day Turmeric Oil: 25 Kgs./Day Deoiled Turmeric: 440 Kgs./DayPlant & machinery: Rs 115 lakhs
Working capital: -T.C.I: Cost of Project : Rs 301 lakhs
Return: 27.00%Break even: 56.00%
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Curcumin Extraction Unit

Curcumin is the main biologically active phytochemical compound of Turmeric. Molecular chemical formula of Curcumin: C21H20O6. The most important constituents in organic turmeric are Curcuminoids, which is approximately 6%, and the yellow coloring principles of which Curcumin constitutes 50-60%. Curcumin is widely used to colour many foods. India is one of the largest manufacturers of curcumin, contributing to more than 80.0% of the global production. India & China are the major supplier of Curcumin, The turnover of Curcumin could reach USD 94.32 million in 2022. India contributes 80% of world production and roughly 60% of export. Indian Curcumin market size accounted for over 81% of the overall Asia Pacific revenue most of these as a food coloring agent. Thus, due to demand it is best to invest in this project.? Few Indian major players are as under • Arjuna Natural Extracts Ltd. • Concert Spices & Exports Ltd. • Enjayes Spices & Chemical Oils Ltd. • Naturite Agro Products Ltd. • Sanat Products Ltd. • Sunrise Foods Pvt. Ltd. • Synthite Industries Pvt. Ltd.
Plant capacity: Curcumin Powder: 25 Kgs./Day Turmeric Oil: 25 Kgs./Day Deoiled Turmeric: 440 Kgs./DayPlant & machinery: Rs 115 lakhs
Working capital: -T.C.I: Cost of Project : Rs 301 lakhs
Return: 27.00%Break even: 56.00%
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Craft Beer

A microbrewery or craft brewery is a brewery that produces small amounts of beer (or sometimes root beer), typically much smaller than large-scale corporate breweries. "Craft brewing" is a more encompassing term for developments in the industry succeeding the microbrewing movement of the late 20th century. Bira 91, (90 calories for a 330 ml bottle). "Bira 91 Light is the lowest calorie option for any alcoholic beverage in the bar. It is lower than a glass of champagne, much lower than Breezers, wine, or cocktails. Heck, it’s even lower than a glass of milk or orange juice" Craft beers and microbreweries are niche concepts in India which have been growing for past few years and are beginning to take shape now. They are mushrooming in many parts of the country. This is an emerging trend that is certainly attracting middle class Indians, particularly in urban areas. The craft beer market in India is pegged at Rs. 280 crore and may grow to Rs. 4,400 crore by 2020. Entrepreneurs who invest in this project will be successful. Few Indian major players are as under • Aurangabad Breweries Ltd. • Blossom Industries Ltd. • Castle Breweries Ltd. • Hindustan Breweries & Bottling Ltd. • Impala Distillery & Brewery Ltd. • Kool Breweries Ltd. • Lilasons Breweries Ltd.
Plant capacity: Craft Beer (Cans & Bottles 650 ml Size): 9230 Nos./DayPlant & machinery: Rs 890 lakhs
Working capital: -T.C.I: Cost of Project: Rs 1628 lakhs
Return: 27.00%Break even: 45.00%
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Aluminium Extrusion

Aluminium is the second most abundant metallic element in the earth’s crust. Aluminium is a versatile material integral to modern life. The metal is found in everything from soda cans to cell phones to window frames to airplanes. Aluminium extrusion is used for a wide range of purposes, including components of the International Space Station. These diverse applications are possible due to the advantageous attributes of Aluminium, from its particular blend of strength and ductility to its conductivity, its non-magnetic properties and its ability to be recycled repeatedly without loss of integrity. All of these capabilities make Aluminium extrusion a viable and adaptable solution for an growing number of manufacturing needs. India's share in world aluminium market is estimated at around 3%. The per capita consumption of aluminium in India continues to remain low at under 1 kg as against nearly 25 to 30 kg in the US and Europe, 15 kg in Japan, 10 kg in Taiwan and 3 kg in China. Aluminium has a wide range of applications, from aircraft building to packaging, a major consumer being the electrical industry. Thus, due to demand it is best to invest in this project. Few Indian major players are as under • Alexcon Extrusions Ltd. • Banco Aluminium Ltd. • Century Extrusions Ltd. • Hiren Aluminium Pvt. Ltd. • Jindal Aluminium Ltd. • Orissa Extrusions Ltd. • Salco Extrusions Pvt. Ltd.
Plant capacity: Craft Aluminium Extruded Products: 160 MT/DayPlant & machinery: Rs 375 lakhs
Working capital: -T.C.I: Cost of Project: Rs 2423 lakhs
Return: 40.00%Break even: 50.00%
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Yarn, Fabric & Garments Production Using Solar Charkha & Solar Looms

The charkha, a small, portable, hand-cranked wheel, is ideal for spinning cotton and other fine, short-staple fibres, though it can be used to spin other fibers as well. solar charkha has opened up a new approach to reverse this trend. The use of solar energy can usher in a new era of khadi spinning. Yarn from a solar charkha are stronger compared to the manually operated charkha. In fact yarns of desired strength could be achieved by proper choice of the drive. Ministry of Micro, Small and Medium Enterprises (MSME) have launched the Mission Solar Charkha for implementation of 50 Solar Charkha Clusters across the country with a budget of Rs 550 crore for the year 2018-19 and 2019-20. Which facilitates the development of new technologies and ensure a high quality product. Few Indian major players are as under • A P T Yarns Ltd. • A T L Textiles Ltd. • Amit Spinning Inds. Ltd. • Amitech Textiles Ltd. • Anasuya Spinners Ltd. • G R V Spintex Pvt. Ltd. • G V D Textiles Pvt. Ltd.?
Plant capacity: Khadi Fabric: 1500 Sq.Mtrs./Day Garments: 750 Pcs./DayPlant & machinery: Rs 408 lakhs
Working capital: -T.C.I: Cost of Project: Rs 644 lakhs
Return: 28.00%Break even: 75.00%
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Potato Products

Potato Products. Potato Balls, Nuggets and French Fries Manufacturing Business. Profitable Business Ideas in Potato Processing Industry Potato balls are a trendy dish liked by most of the kids. This classic dish is prepared by boiling the potatoes, mashed and mixed with chopped green onions, grated carrot, spiced with fresh ground black pepper, mayonnaise and yoghurt; made into small balls and deep fried until crispy and crunchy. Taste best with any sauce or chutney. Potatoes are considered as comfort food which is liked by most of the people either it is boiled, baked or fried. It is an important food staple and number one vegetable crop in the world. Potatoes are available year-round as they are harvested somewhere every month of the year. Potato balls are easy to prepare and is a great addition for breakfast, brunch or tea time and can also be easily carried in lunch packs or served for small parties. Potato balls are yummy deep fried mashed potato balls which can also have a stuffing of mozzarella cheese in the center. This of course would not be a regular item and is good for an occasional treat or a party appetizer as potato is a rich carbohydrate source. Potatoes provide the body with an essential source of fuel and energy. Most of the appetizers and snacks from the Indian cuisine are made with a very modern addition to the Indian meal to suit the taste of the people. The essence of Indian cuisine mainly lies in the aroma of spices that are blended together and added to enhance the flavor and nutrition of each dish. There are a variety of Indian snacks that are popularly made with potatoes and are favorite to many which includes the aloo tikki, Alu Vadi, Potato Cutlets, Aloo Bhonda, Aloo Noodle Cutlet etc. Potato nuggets is very tasty dish that can be prepared quickly and is very much liked by kids. It is the mixture of potato and bread crumb. It can be given in lunchbox for kids. It is very crispy potato nuggets recipe. Potato nuggets is very easy to make at home in few minutes. Potato nuggets is a tasty breakfast of morning and mostly loved by kids. French fries are among the highest saleable potato products. This is the most abundant processed potato and can be found in many varieties such as lattice cut, wedges, curly, batter dipped, seasoned, or straight –cut including French Fries on menu is one of the easiest ways to increase sales and profits for the companies. Potato Processing Market Global Potato Processing market is expected to grow from $19.74 billion in 2016 to reach $32.45 billion by 2023 with a CAGR of 7.3%. Rapid urbanization, progress in the standard of living, easy availability, consumer preferences for convenience foods and favorable packaging are the major factors propelling the market growth. In addition factors such as soaring demand for applications such as snack foods and prepared ready meals, increase in the number of retail channels such as hypermarkets and supermarkets and rapid growth of the fast food industry are driving the market growth. However, high costs incurred for storage and transportation and health issues associated with the consumption of processed potatoes such as obesity and diabetes are the factors hindering the market growth. The potato processing industry is a booming which is undergoing a progression period due to the growing global demands for vegetarian food products, a growth of processed food industry, and consumer demand for higher quality and sustainability. The processed food industries market is valued at more than the US $2.2 trillion dollars globally and consist of more 420,000 businesses. Potato processing market by type is segmented into Frozen, dehydrated, chips and snack pellets, and others which include flour, canned potato, potato granules and starch. Consumption of frozen potato products like French fries is increasing due to the increasing number of fast food chains and restaurants. Most important advantage of frozen potatoes is its prolonged shelf life and comparatively less time required for cooking. Rapidly increasing number of Quick Service Restaurants in the developing countries is expected to increase the demand for frozen products in the forecast period. Chips and snack pellets are the second largest segment due to increasing popularity of chips and ease of access. Increasing number of consumers aligning towards ready to cook and ready to eat food products such as French fries and other potato based snacks items in all classes of people is boosting the market for potato flakes and powder. Rapidly changing trends, increasing millennial population and people looking for more suitable snacking and choice of food with less indulgence are expected to drive the potato processing market growth. The global market for potato processing is anticipated to vary due to its high dependency on a steady supply of potato varieties at a reasonable value for continuous processes. Concerns related to health associated with the consumption of processed potatoes such as diabetes and obesity, along with high costs incurred for storage and transportation can pose as a restraint for the market growth. Based on application, the market is segmented into snacks, ready-to-cook & prepared meals, and others (food additives in soups, gravies, bakery, and desserts). The consumption of processed potato products in ready-to-cook & prepared meals application is estimated to account for the largest market share in 2017. Processed potato products used in ready-to-cook & prepared meals is a booming market due to the increase in consumer preference for convenience food products, busy work schedules, and on-the-go consumption habits. Apart from ready-to-cook & prepared meals, processed potato products also find applications in the snacks segment, such as potato-based snacks with low carbs, low salt, air-dried, baked products with a number of flavors, which also drives the demand for potato processing market. Some of the key players in the Potato Processing market are Intersnack Group GmbH & Co. Kg, The Kraft Heinz Company, Idahoan Foods LLC, Aviko B.V., Leng-D’or, The Little Potato Company Ltd, Limagrain Céréales Ingrédients, Agrana Beteiligungs-AG, Farm Frites International B.V., Mccain Foods Limited, Agristo NV, J.R. Short Milling Company, Lamb Weston Holdings, Inc and J.R. Simplot Company. Processed Potatoes Market The global processed potatoes market to grow at a CAGR of 4.88% during the period 2017-2021. The latest trend gaining momentum in the market is growing focus on expanding production capabilities for potato processing. To cater to the growing global demand for processed potato products, manufacturers are focusing on expanding their production capabilities. They are finding tremendous growth opportunity in all global markets owing to the rising consumer preference for on-the-go snack products. The increase in production capacity ensures that they are well-positioned to cater to customers' growing needs across markets. Changes in consumer lifestyle, increase in disposable income, and growth in demand for convenient and easy-to-prepare food have led to higher consumption of packaged processed potato products. To cater to this higher demand, manufacturers are expanding their production facilities, which will lead to an increase in the overall growth and revenue of the global packaged processed potato products market. The sector has witnessed steady growth globally in recent years with the mushrooming of convenient stores, specialty stores, hypermarkets, and supermarkets. Supermarkets and hypermarkets form one of the most popular distribution channels of packaged products, including packaged processed potato products. Discounted prices, attractive shelf displays, and pleasant shopping experiences are some of the factors that attract consumers to supermarkets and hypermarkets. Growing internet use globally has also given a boost to online retailing, which is boosting the growth of the global packaged processed potato products market. Indian Frozen Potato Products Market Potato is one of the most produced and consumed crops in India and forms an important part of the regular diet. It is consumed in the form of different snack foods as well as elaborate dishes. Some of the most popular potato snacks include wedges, fries, patties, etc. In recent years, the demand for frozen potato products in India has increased on account of their introduction by various national and multinational companies. Additionally, frozen potato products have rapidly gained prominence in the country as they are convenient to cook and come in a large variety of flavours and shapes. The biggest factor catalysing the growth of the frozen potato products market is the expansion of fast food service restaurants, such as Subway, McDonald’s, Burger King, KFC, etc., in the country. Moreover, introduction of new product variants with different flavours have attracted a larger consumer-base for frozen potato products, in turn, boosting the growth of the market. Busy lifestyles, inflating income levels and high purchasing power of the consumers in the region have further created a shift towards easy-to-cook food products, thereby maintaining the growth prospects of the market. Looking forward, the market value is projected to reach US$ around 1,631 Million by 2024, expanding at a CAGR of 12.5% during 2019-2024. In recent years, the demand for frozen potato products in India has increased on account of their introduction by various national and multinational companies. Additionally, frozen potato products have rapidly gained prominence in the country as they are convenient to cook and come in a large variety of flavours and shapes. In recent years, the demand for frozen potato products in India has increased on account of their introduction by various national and multinational companies. Additionally, frozen potato products have rapidly gained prominence in the country as they are convenient to cook and come in a large variety of flavours and shapes. Tags #Potato_Products, Potato Ball Manufacture, #Potato_Ball_Production, Potato Ball Making Business, Potato Balls Manufacturing Business, Potato Business Plan, How to Make Potato Balls, Commercial Potato Ball Making Business, Projects on Potato Processing, #Potato_Based_Products, #Manufacture_of_Potato_Nuggets, Nuggets Manufacture, How to Make Potato Nuggets, Frozen Potato French Fries, #Potato_French_Fries_Manufacturing_Plant, #French_Fry_Making_Business, French Fries Production, French Fries Business, French Fries Processing, Small Scale French Fries Production, #Potaato_Processing, Potato Products Manufacture, Potato Processing Industry, Processed Potato Products, Processed Potato Products and Processing, #Processed_Potatoes, Fresh and Processed Potatoes, Potatoes and Potato Products, Potato and Potato Products, Potato Processing Industry in India, Potato Production in India, Potato Processing Sector, Potato Processing Plant, #Potato_Processing_Plant_Cost, Potato Processing Profitable Potato Processing Business Ideas, Most Profitable Food Processing Business Ideas, Food Processing Industry, Potato Products (Potato Balls, Nuggets and French Fries), #Profitable_Food_Processing_Business_in_India, Starting a Food Processing Business, Small Scale Food Processing Industry, Food Processing Project Report, Agro Based Food Processing Industry, Projects for Small Scale Food Processing Industry, Agro and Food Processing, Food Processing Business, Food Manufacturing Industry, Project Report on Food Processing & Agro Based, Projects on Food Processing, Agricultural Business Plan, Most Profitable Agriculture Business Ideas, Setting up of Food Processing Units, How to Start a Food Production Business, Food Processing Projects, Food Processing & Agro Based Profitable Projects, Most Profitable Food Processing Business Ideas, Food Processing Industry in India, How to Start Food Processing Industry in India, Detailed Project Report on Potato Products (Potato Balls, Nuggets and French Fries), Project Report on Potato Products (Potato Balls, Nuggets and French Fries), Pre-Investment Feasibility Study on Potato Products (Potato Balls, Nuggets and French Fries), Techno-Economic feasibility study on Potato Products (Potato Balls, Nuggets and French Fries), Feasibility report on Potato Products (Potato Balls, Nuggets and French Fries), Free Project Profile on Potato Products (Potato Balls, Nuggets and French Fries), Project profile on Potato Products (Potato Balls, Nuggets and French Fries), Download free project profile on Potato Products (Potato Balls, Nuggets and French Fries)
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Tyre Retreading Business

Tyre Retreading Business. Retread Tire. Start an Automobile Tyre Retreading Industry Retreading tires is the process of restoring old tires so that they can be used in automobiles. The process is technology-driven where the worn-out and damaged threads are replaced with new treads. Tyre retreading can be done using 2 methods – cold process and hot process. Currently in India retreading is done 50% by the organized sector and the remaining 50% by the unorganized sector. Tyre Retreading is a new technology. After applying this method the old tyres become serviceable and usable. The part of the tyre that comes in contact with the surface of the road is known as the tread. The tread is an integral part of the tyre and is responsible for providing traction. New treads are available in the market. In brief, in can be put on an old tyre and cured with the help of steam. Similar to the new tyres, the treated tyres can be very well used on all vehicles, irrespective of light or heavy vehicles. With a safe and new technology, which is being adopted nowadays, it will be more easy and economical to produce tyres. Recently a new technology has been developed called “Precured Tread Rubber Retreading Process” which is commonly known as “Cold Process Retreading”. As in most parts of the world, tyre retreading in India is done extensively for commercial vehicles such as trucks and busses. The primary reason for retreading tyres is to save operational costs as applying a new tread can be done at less than half the cost of a new tyre. With further growth of the economy, there will be an increased numbers of vehicles in transport as well as passenger vehicles and hence more tyres will be required. Hence, there is a very wide scope for retread tyres as an original replacement. The retreading tyre industry for the commercial vehicle segment is poised for growth in India, fuelled by the increase in the number of vehicles, rising tyre costs, the advent of radial tyres, better roads and the introduction of multi-axle heavy duty vehicles. Advantages of Retreading of tyre: There are several advanges of retreading such as: • Retreads are quite safe and are being used in all kind of vehicles nowadays. May it be taxis or trucks, school buses or military vehicles, retreading is being used in all of them. • Retreading is highly environment friendly. When the existing tyres are made ready for further use, the manufactures save landfill space. Also, it reduces carbon dioxide emmission and saves millions of gallons of oil which is required to manufacture new tyres. • There are many economic benefits of retreading as the retreaded tyres are less pricey in comparision with the new ones. This definitely helps to save a considerable amount of money. • Retread process is not responsible for spreading large chunks of rubber on the roads and highways. It happens due to abuses like tyre failure, caused by road hazards, tyre blasts and overloading to both new tyres and retread ones. • They cost almost 30 – 50 % less than the price of a new tire. • It is a low-cost production process – for making the new tires 80% natural rubber is used whereas for retreading only 25% of natural rubber is consumed. • Properly retreaded tires have almost the same life as the new tires. • The investment is comparatively less. The major part of the investment is involved in buying expensive machinery and molds • Retreading extends the life of used tires thus making the entire process of tire making recyclable. Market Outlook Retreading tires is the process of restoring old tires so that they can be used in automobiles. The process is technology-driven where the worn-out and damaged threads are replaced with new treads. Tyre retreading can be done using 2 methods – cold process and hot process. Currently in India retreading is done 50% by the organized sector and the remaining 50% by the unorganized sector. India’s retreading industry is estimated to be worth more than US$ 1 billion (INR 5,000 crore annually) with roughly 20,000 retreaders scattered in the organised and unorganised sector. Retread tire market is forecast to grow from $ 9.6 billion in 2017 to more than $ 11.5 billion by 2023 globally. Though the market witnessed a slight decline during 2013-2017, owing to growing penetration of cheaper Chinese tire, retread tire sales are expected to recover in the coming years backed by growing consumer acceptance of retread tires and rising prices of new tires. Moreover, growing sales of commercial vehicles on account of rising infrastructure development and construction activities across the globe is further anticipated to push demand for retread tires, globally. Additionally, retread tire market is anticipated to be positively influenced by increasing number of technological advancements during the forecast period. The global retread tires market can be segmented on the basis of vehicle type into passenger car, light commercial vehicle, heavy commercial vehicle and off road vehicle. On the basis of vehicle type, the heavy commercial vehicle segment is anticipated to continue to dominate the global market in terms of value over the forecast period. The demand for retread tires in heavy commercial vehicles is estimated to grow at a relatively high CAGR as compared to other vehicle types over the forecast period. This segment is expected to represent a total incremental opportunity of US$ 2,228.1 Mn between 2018 and 2028. The global retread tires market remains positive and the market value is expected to increase at a CAGR of 4.6% during the forecast period (2018 - 2028). Among the end use segments of the retread tires market, the heavy commercial vehicles segment is expected to expand with a significant CAGR in terms of value as well as volume over the forecast period. Automotive production is expected to be higher in emerging economies as compared to that in developed economies. This can mainly be attributed to increasing urbanization and stable economic conditions in these regions. During the forecast period, the fleet on road is also expected to rise with a modest CAGR, thereby providing marginal opportunities for the growth of the retread tires market over the forecast period. Continuously growing vehicle PARC is another major factor which will increase the demand for replacement of tires and thus, will drive the demand for retread tires. Large fleet owners of commercial vehicles prefer tire remolding to ensure cost effectiveness. Hence, growth in automobile, forestry and construction is expected to create healthy growth opportunities for the retread tires market. Some of the major players operating in retread tire market worlwide are Elgi Rubber Company Limited, INDAG RUBBER LIMITED, MRF PRETREADS, Vipal Borrachas, Marangoni S.p.A., Bridgestone Bandag, LLC, Michelin Retread Technologies, Goodyear Tire & Rubber Company, Midas Rubber India Private Limited and Sun Tyre Industries. Tags #Tyre_Retreading, #Tyre_Retreading_Process, #Retread_Truck_Tyre, Retread Tire, Process of Retreading, Tyre Retreading Process Pdf, #Truck_Tyres_Retreading_Process, Tyre Retreading Industry in India, #Tyre_Retreading_Business, How to Start Tyre Retreading Business in India, Indian Tyre Retreading, Tyre Retreading Industry, Retread Industry in India, How Profitable is Tyre Retreading Business in India? Tire Retreading Business, Tyre Retreading Plant, Retreading Business, #Start_a_Tire_Retreading_Business, Project Report on Tyre Retreading, #How_to_Start_Tyre_Business_in_India, Tyre Retreading Project Report, Profile on the Production Retreaded Tyre, #Tyre_Retreading_Sector, #Detailed_Project_Report_on_Tyre_Retreading, Project Report on Tyre Retreading, Pre-Investment Feasibility Study on Retreading Business, Techno-Economic feasibility study on Tyre Retreading, #Feasibility_report_on_Tyre_Retreading_Industry, Free Project Profile on Retreading Business, Project profile on Tyre Retreading Industry, Download free project profile on Tyre Retreading, Start a Tyre Retreading Business, Tyre Industry, Tyre Retreading Business Plan, Tyre Retreading Project, Start an Automobile Tyre Retreading Industry
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Biodiesel Production from Algae

Biodiesel Production from Algae. Algae Fuel Manufacturing Business. Investment Opportunities in Biofuel Manufacturing Industry Algae are photosynthetic organisms that live under water. Biodiesel production from algae has the potential of considerably larger amounts of fuel in terms of growth area. The amount of agricultural land needed is reduced to 5%. Biodiesel is used in diesel engines, and is thus different from the waste and vegetable oils used to fuel converted diesel engines. Blends of biodiesel are also used as heating oil in space heating applications. Biodiesel is oil from plants or animals used as an alternative to or blended with petroleum diesel in automobiles and industrial fleets with diesel engines. Easy to Use One of the great advantages of biodiesel is that it can be used in existing engines, vehicles and infrastructure with practically no changes. Biodiesel can be pumped, stored and burned just like petroleum diesel fuel, and can be used pure, or in blends with petroleum diesel fuel in any proportion. Power and fuel economy using biodiesel is practically identical to petroleum diesel fuel, and year round operation can be achieved by blending with diesel fuel. Blending and Switching with Diesel Fuel Biodiesel can be used 100% (B100) or in blends with petroleum diesel fuel. When biodiesel is first used in a vehicle, it may release fuel tank deposits which can lead to fuel filter plugging. After this initial period, a user can switch between biodiesel and petroleum diesel whenever needed or desired, without modification. Biodiesel as a transportation fuel Most of the trucks, buses, and tractors in the United States use diesel fuel. Diesel fuel is a nonrenewable fuel made from petroleum. Biodiesel is a renewable fuel that is made from vegetable oils, grease, and animal fats. Using biodiesel fuel produces less pollution than using petroleum diesel fuel. Any vehicle that operates on diesel fuel can use biodiesel. Advantages of Biodiesel as Fuel • 75% cleaner than conventional diesel fuel. • Reduces unburned hydrocarbons, carbon monoxide and particulate matter in exhaust fumes. • Contains no sulphur. • Emissions are nearly 50% less than conventional diesel fuel. • Doesn’t cause eye irritation • More biodegradable than sugar and less toxic than table salt. • Fuel economy is the same as conventional diesel fuel. • Much better lubricant than conventional diesel fuel and extends engine life • High cetane rating, which improves engine performance. • 1% biodiesel will increase lubricity by 65% • Biodiesel can be produced from any fat or vegetable oil, including waste cooking oil. Market Outlook The global biodiesel market is expected to reach USD 54.8 billion by 2025. The key factors for the growth of this market are minimizing storage issues with stability and transportation issues with high cost of delivered fuel compared to fossil fuels; it can reduce the ecological problems such as global warming, greenhouse effect and pollution. The growth in the global biodiesel market can be attributed to the proactive implementation of biofuel policies in various nations including US, Argentina, Brazil, and Indonesia. The regulations regarding the formulation of fuel in these regions are expected to increase the share of biodiesel, thereby increasing the demand. The global biodiesel market is slated for a huge growth in the next few years, not only because of the growing environmental concerns, but also because of the surging prices for non-renewable sources of energy, such as petroleum. Governments are enhancing the use of biodiesel across the globe and many countries have initiated merging of conventional diesel with a percentage of biodiesel. In biodiesel market by verticals, biodiesel is used as a fuel in many verticals including automobile, marine, railway, and agriculture industries, in pure form B100' or by forming blends with conventional petroleum diesel. These blends are B2', B5' and B20', which include 2%, 5%, and 20% biodiesel, respectively. Biodiesel has a higher lubricity (50:1) than that of traditional petroleum diesel. This belonging of biodiesel encourages its use in the vehicle enterprise as it reduces wear and tear of the engine. The excessive cetane value of biodiesel additionally maximizes engine life by way of ensuring entire gasoline combustion and leaving no residue. Biodiesel is used in the marine industry also as it is a good material as a shipping fuel, being biodegradable, non-toxic and essentially free of sulphur and aromatics. The biodiesel market has been segmented based on the feedstock used for products such as vegetable oils, animal fats, biomass, and others (brown grease/ trap grease); and verticals such as automotive, aviation, industrial, marine, residential & commercial heating, power generation, and agriculture. Biodiesel contains no petroleum products, but it is compatible with conventional diesel and can be blended in any proportion with mineral diesel to create a stable biodiesel mix. Biodiesel is eco-friendly, non-toxic and basically free from sulfur; it is renewable and can be produced from plant resources and agriculture. Biodiesel is an alternative fuel, which has a correlation with sustainable development, environmental preservation, energy conservation, efficiency and management. Growth in food industry driving the production of feed stock made from residue of soybean oil, corn oil, canola oil and animal fats enabling the handiness of feed stock required for production of biodiesel which in turn is fueling the production of biodiesel over the forecast period. Moreover, favorable regulatory support for mandatorily blending of biodiesel in diesel fuel is projected to fuel the consumption of biodiesel. However, raw material availability and high cost of installation of biodiesel production plant are factors expected to hamper the growth of biodiesel market during the forecast period. Some of the major competitors of the global biodiesel market are Poet, Llc, Archer Daniels Midland Company, Flint Hills Resources LP, The Andersons, Inc., Raizen, Copersucar, and Abengoa. Other developing economies like Europe, China, Russia, and India are also experiencing steady development and are expected to show an increase in stability in near future. Emerging Biofuel Market in India Bio-diesel production is in rise day-by-day basis in India as well as foreign countries. The major reason behind the phenomena is the limited amount of petroleum product reservoirs. The Indian biofuel market has been consistently witnessing growth and developments for past few years. The Government of India is injecting huge amount of money and resources into the development of this sector in an attempt to reduce dependency on imported oil. High volatile oil prices and production levels have further enlightened the need for continuous developments of this sector. The Indian biofuel sector is expected to see robust growth in coming years. Currently, ethanol dominates the Indian biofuel sector, but biodiesel will soon join the commercial stream as the phase one of pilot projects has already been completed. Being at the initial stage, but with huge potential in terms of production, the Indian biofuel industry will prove to be a good option for biofuel producers. Tags #Biodiesel_from_Algae, #Algae_Fuel, Biodiesel from Algae Oil, #Biodiesel_Production, #Algal_Biofuel, #Biodiesel_Production_from_Algae, #Algae_for_Biofuel_Production, Production of Biodiesel from Algae, How to Produce Biodiesel from Algae, How to Make Biodiesel from Algae, Producing Biofuels from Algae, #Biofuel_Production, Biodiesel Production, Biodiesel Production Process, Production of Biodiesel, Biodiesel Production Cost, #Biodiesel_Production_Process Flow Diagram, Biodiesel Production in India, Biodiesel Production PPT, Biodiesel Manufacturing Business, Set-Up Bio-Diesel Production Unit in India, Biodiesel Business Opportunity, #Starting_a_Biodiesel_Production, Bio-Diesel Production Unit, Bio-Diesel Production, How to Start a Biodiesel Business, Starting a Biodiesel Business, Biodiesel Plant, Biodiesel Business Plan, Small Scale Biodiesel Production, Biofuel Manufacturing Industry, How to Start Biodiesel Production Business in India? Biofuel Manufacturing, Biodiesel Manufacture in India, Biodiesel Manufacturing Plant, Biodiesel Production Business, Biodiesel Industry, Detailed Project Report on Biodiesel Production, fuel for the future, #Project_Report_on_Biodiesel_Production, Pre-Investment Feasibility Study on Biodiesel Production, Techno-Economic feasibility study on Biodiesel Production, Feasibility report on Biodiesel Production, Free Project Profile on Biodiesel Production, Project profile on Biodiesel Production, Download free project profile on Biodiesel Production
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Nitrous Oxide Production

Nitrous Oxide Production. Laughing Gas Manufacturing Business. Opportunities in Industrial and Medical Gas Production Nitrous oxide is mainly used as an inhalation anesthetic product in medicines. Administration of this product is primarily accompanied by simultaneous administration of a volatile agent such as ethrane, halothane, etc. This product is also used in high end super cars which also plays a major contributor to its demand. It is an excellent oxidizer that can support combustion to its maximum potential which no other gas can and hence has no substitute in this regard. Nitrous oxide itself is inflammable but is an excellent oxidizer that provides additional oxygen for the extra fuel to burn hence producing more power. It is used in combustion engines as the oxygen present in nitrous oxide causes combustion of fuels more rapidly. Nitrous oxide is also used in high tech thin film industries of LCD and semiconductor manufacturing. Nitrous oxide or laughing gas is a colorless and non-flammable gas with a slightly sweet odor, which is widely used for various medical and non-medical applications. Some of the non-medical end uses include racing cars, semiconductor industry, and food processing. In the medical industry, it is widely used in surgery and dentistry procedures as an analgesic and anesthetic. Upon inhaling, it has excellent euphoric effects and this property has led to its recreational use as a dissociative anesthetic. The use of nitrous oxide in the medical sector has a minimal impact on the environment. Nitrous oxide accounts for 5% of the total greenhouse effects, with only 1% of nitrogen oxide released into the atmosphere coming from medicinal use. Nitrous oxide is produced commercially by heating ammonium nitrate to a higher temperature. A channel with washers and scrubbers subsequently eliminate water vapor with high oxides of ammonia, nitrogen and nitric acid, and the other impurities. Nitrous oxide is normally stored below its acute temperature and exists in liquid and vapor phases. Unlike cylinders comprising pressurized gas, the cylinder pressure remains constant until all the liquid nitrous oxide vaporizes. Nitrous oxide (N 2 O) is used in the food industry as a mixing and foaming agent (E942) in the production of whipped cream, 1, 2 and as a fuel booster in the motor industry. 3 It is also a familiar agent in obstetric, dental, emergency, and anaesthetic practice, where use is made of its analgesic and anaesthetic properties. However, nitrous oxide was used recreationally long before its medical potential was realized. Market Outlook Global nitrous oxide market is expected to grow from USD 789.2 million in 2017 to USD 1,441.2 million by 2026, at a CAGR of 6.2%. Increasing demand from various industries, especially from the medical sector, is helping the market gain tremendous momentum. In addition, rising prevalence of chronic diseases and growing geriatric population in major countries is further fueling the demand over the forecast period. Increasing demand for nitrous oxide from a wide range of industries especially from the medical sector is expected to drive its market. It’s a colorless gas with a sweet odor, also named as laughing gas and is non-flammable. It is a highly gas material that is produced from the thermal decomposition of ammonium nitrate. Considerable pervasiveness of several types of chronic diseases and increasing number of geriatric population especially in Europe and North America are anticipated to be some potential implications for the product to experience higher demand in the next five to six years. Few of the non-medical applications of the product include semiconductors, food processing & packaging and premium automobiles among the major end-uses. By Application, medical segment is likely to witness significant growth over the forecast period owing to rising use of nitrous oxide gas in clinics, hospitals and dental clinics for various procedures. Nitrous oxide is nontoxic and stable in room temperature. It is safer to store and carry. North America accounted for largest market share followed by Europe. The region is poised to offer huge opportunities over the forecast period due to increasing prevalence of chronic diseases such as cancer, type 2 diabetes, stroke, heart disease, obesity, and arthritis. The Medical industry provides major share in Nitrous oxide market owing to its anesthetic and therapeutic properties. It is also used in small procedures like dressing of burns, debridement and wound suturing. In dental treatments it is used during tooth extraction procedures and it is used as a refrigerant in laparoscopy and cryosurgery. The global market for nitrous oxide is projected to surge in the coming years as it continues to be an integral part of many industries. Usually known as laughing gas, nitrous oxide is expected to be in demand for many medicinal and non-medicinal purposes in the forthcoming years. The growing demand for nitrous oxide in a wide range of industries such as electronics, food and beverages, and automotive has played a pivotal role in shaping the global market for this colorless gas. Rising demand from several enterprises, for example, food and beverages, automobiles, medical, and electronics are foreseen to be a trend setter, accelerating the growth of nitrous oxide market. Moreover, surging demand from Asia Pacific region, attributable to high predominance of chronic infections and growing of geriatric population base in major nations, for example, India and China, is profiting the general market. The nitrous oxide market is widely utilized in dentistry procedure and also used in surgery. These are major factors contributing towards growth of this market. The usage of nitrous oxide in medical industry has less impact on the environment. A growing prevalence of chronic disease is another factor expected to supplement growth of this market in the years to come. Apart from this, rising geriatric population is another aspect backing growth of the global nitrous oxide market. The key players in the nitrous oxide market include Praxair Technology, Inc.; Oxygen & Argon Works Ltd.; The Linde Group; Matheson Tri-Gas, Inc.; SOL Spa; Merck KGaA; Air Liquide; Airgas, Inc.; and Ellenbarrie Industrial Gases Ltd. are some of the key players engaged in extensive R&D and production of nitrous oxide. Moreover, Promas Engineers Pvt. Ltd., SS Gas Lab Asia, KVK Corporation. Tags #Nitrous_Oxide, #Laughing_Gas, Nitrous, #Nitrous_Oxide_(N2O), Nitrous Oxide (Laughing Gas), #Medical_Nitrous_Oxide, Medical Gas, Nitrous Oxide Uses, Nitrous Oxide Formula, #Happy_Gas, Nitrous Oxide Gas, How to Make Nitrous Oxide Laughing Gas, #Nitrous_Oxide_Production, Nitrous Oxide Plant, #Preparation_of_Nitrous_Oxide_(Laughing_Gas), #Dinitrogen_Monoxide, Manufacture of Nitrous Oxide, Production of Nitrous Oxide, Manufacture of Nitrous Oxide, Nitrous Oxide Industry, Nitrous Oxide Manufacturing Process, Nitrous Oxide Gas Plant, Process for Production of Nitrous Oxide, Nitrous Oxide Manufacturing, Manufacturing of Nitrous Oxide, Process of Manufacturing Nitrous Oxide, Nitrous Oxide Manufacture, Nitrous Oxide Manufacturing Plant, Detailed Project Report on Nitrous Oxide Production, #Project_Report_on_Nitrous_Oxide_Production, Pre-Investment Feasibility Study on Nitrous Oxide Production, Techno-Economic feasibility study on Nitrous Oxide Production, #Feasibility_report_on_Nitrous_Oxide_Production, Free Project Profile on Nitrous Oxide Production, Project profile on Nitrous Oxide Production, Download free project profile on Nitrous Oxide Production
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