Project Report For Full PVC Footwear

Introduction

Project report for full PVC footwear is as follows.

Full PVC footwear, such as chappals, sandals, and shoes, is popular in the Indian market due to its low cost, durability, and simplicity of maintenance. Used PVC footwear that still retains the main raw material, PVC, can be repurposed to make more budget-friendly shoe designs. The facilities, machinery, and raw materials are all sourced locally. PVC shoes are typically lightweight and quite comfortable to wear in rainy conditions.

Project-report-for-full-pvc-footwear

Product & Application of Full PVC Footwear

PVC footwear was first made available in 1964, and it really took off in 1967. Initially, multistation plants and molds were typically imported. Even though there was a shortage of raw materials, two-station machinery and molds that were readily available locally were nonetheless used to produce more capacity. According to current estimates, the capacity is 300 million pairs annually. There is potential for setting up these units employing PVC granules in combination units with PVC scrap materials in rural and underdeveloped locations.

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Market potential

India’s footwear market was estimated to be worth US$ 13.49 billion in 2021, and from 2022 to 2027, total revenue is anticipated to increase at a CAGR of 12.83%, or roughly US$ 27.84 billion.

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Market Trend

According to estimates, there are 550 million pairs of shoes sold worldwide, of which 450 million pairs are casual shoes like Indian cultural footwear, rubber and leather slippers, sandals, etc., but not boots and shoes. The manufacturing of leather shoes, which includes exports, is expected to be 200 million pairs, accounting for a considerable portion.

The most widely used plastic is polyvinyl chloride (PVC). It is created by polymerizing vinyl chloride monomers. It has an amorphous structure consisting of polar chlorine atoms, is robust, and is chemical and oil resistant. In order to alter its properties in response to consumer demand in the polyvinyl chloride sector, modifiers are added to it. Numerous qualities, such as abrasion resistance, light weight, good mechanical strength, and toughness, enable its widespread application in the construction, automotive, packaging, and electrical industries. Bottles, footwear, profiles, tubes, films, sheets, pipes, fittings, wires, and cables are all often made with it.

PVC used in India went from 1131 KTA in 2006 to 1980 KTA in 2012 with a CAGR of 9.8%. The increase in production capacity from 1085 KTPA in 2006 to 1370 KTPA in 2012 occurred at a relatively slow yearly compounded growth rate of only 4%. India imports between 42% and 43% of its yearly PVC usage due to manufacturing falling behind demand in the PVC market. India imported between 750 and 1000 KT of PVC in each of the previous two years, and it is predicted that imports will make up more than 50% of total consumption in the coming five years.