Overview of Synthetic Rubber Business
Synthetic rubber is a type of artificial rubber that is created using chemicals. Synthetic rubber is gaining popularity and is slowly replacing natural rubber. Synthetic rubber has proven to be long-lasting, abrasion-resistant, fireproof, flexible and naturally high mechanical strength. On top of this, synthetic rubber is less toxic and environmentally friendly.
In India, the demand for synthetic rubber in FY2021 stood at 671 thousand tonnes, and it is projected to reach 1055 thousand tonnes by the year FY2030. Various factors, such as the increasing demand for automobiles, the growth of the construction industry, and the growing demand for consumer goods, drive the demand for synthetic rubber in India.
Benefits of Synthetic rubber
- Durability: Synthetic rubber is known for its excellent durability and resistance to wear and tear. This makes it useful in high-stress applications such as tires, hoses, and gaskets.
- Chemical resistance: Synthetic rubber is resistant to a wide range of chemicals, making it ideal for use in applications where chemical exposure is a concern.
- Extreme temperature resistance: Synthetic rubber can withstand hot and cold temperatures, making it an essential ingredient for use in applications where temperature fluctuations are a concern.
- Elasticity: Synthetic rubber is highly elastic, which makes it the perfect component where flexible materials are required, such as seals and gaskets.
- Versatility: Synthetic rubber can be formulated to meet specific performance requirements, making it a versatile product that can be used in many applications.
- Cost-effectiveness: Synthetic rubber is often less expensive than natural rubber and can be produced in large quantities, making it a cost-effective commodity for various applications.
- Availability: Unlike natural rubber, which is sourced from rubber trees, synthetic rubber can be produced from petroleum-based monomers, making it a readily available material that can be produced in large quantities.
Types of Synthetic Rubber
Synthetic rubber can be formed using different chemicals, and these chemicals can produce various synthetic rubber varieties such as:
Manufacturing Process of Synthetic Rubber
Following is the process of manufacturing synthetic rubber:
- Mixing of hydrocarbons: various hydrocarbons, such as oil, coal etc., are mixed and refined. This mixing creates products that are used to produce plastics and gasoline.
- Creating monomers: The mixing of hydrocarbons creates Naptha. Naptha is then blended with different types of natural gases to create monomers. These monomer strands are bonded together to make polymers.
- Creating polymers: once the monomer production is completed. The monomers, such as nitrile rubber, styrene-butadiene rubber, nitrile rubber etc., will be fused together with chemical agents to form polymers.
- Rubber Substances: The production plant will create numerous polymers forming rubber substances or compounds. These compounds will later be refined to form synthetic rubber.
Vulcanisation: This is the final step in the manufacturing process. Here, the rubber substances will be subjected to a process called vulcanisation. In the vulcanisation process, accelerators such as sulphur are added to the rubber in order to make it more durable.
Documents required for Synthetic Rubber License
Licensing requirement for Synthetic Rubber business
The applicant has to pay a fixed amount annually to procure a manufacturing license. The fee can be paid to the rubber board physically through Demand draft (DD) or money order, or online transfer. The payment has to be made in favour of the Deputy director of Rubber Board, Kottayam, Kerala. The applicant must renew the license periodically before the date of expiry.
Apart from this other licences and approvals for synthetic rubber manufacturing include
Book a Free Consultation
Get response within 24 hours
Pre-Conditions for grant of the license
The applicant has to satisfy the following conditions for the business to the Department of Chemicals and Petrochemicals:
Penalties
- If the applicant has obtained the license with fraud or misrepresentation of any information, the company's license shall be revoked. The Department of Chemicals and Petrochemicals has the authority to cancel the issued license.
- In case the license holder fails to comply with the conditions of the Rubber license. The Department of Chemicals and Petrochemicals has the power to initiate litigation and impose penalties as per the provisions of the Rubber Act.
How will Corpbiz help you start Synthetic Rubber Business?
- Fill in your details and opt for our Synthetic Rubber business service. Our experts will connect with you and schedule a meeting.
- In the meeting, we shall provide you with industry-specific consultation and assist you in developing your synthetic rubber business.
- We shall help you prepare and combine all the necessary documents and file an application with the Department of Chemicals and Petrochemicals.
- Corpbiz will follow up with the authorities to track the progress and update you about your application.
