A new report released by Allied Market Research titled, India PVC Pipe Market by Type, Material and Application: Regional Opportunity Analysis and Industry Forecast, 2015-2023, predicts that the India PVC pipe market was valued at $ 3,159 million in 2016 and is expected to reach $ 6,224 million by 2023, with a CAGR of 10.2% from 2017 to 2023.
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The increase in the penetration of PVC pipes in various applications such as irrigation, water supply, sewer and drainage, plumbing, oil and gas, HVAC and others acts as the main driving factors of the Indian PVC pipe market. The polyvinyl chloride (PVC) pipe industry is in its mature stage. Most of the players operating in the industry are focused on consolidating their position in the market through strategic expansions and product launches. Some of the major factors driving the demand for PVC pipes include increased demand from the irrigation and construction industries, the emphasis on rural water management and rapid urbanization. However, factors such as the availability of better substitutes such as HDPE and ABS, and the toxicity of PVC are expected to hamper the market growth during the forecast period. On the contrary, increasing needs and awareness of drinking water in rural areas and increasing investments in developing economies should provide significant opportunities for industry players across the value chain.
The Indian PVC pipe market is segmented by type into Chlorinated PVC pipe, Unplasticized Polyvinyl Chloride (uPVC) pipe and Plasticized PVC pipe. Significant penetration in applications such as heavy-duty plumbing, sewer and drain, and HVAC system is driving the demand for PVC pipe.
Based on the material used during the manufacturing process, the market is fragmented into PVC resins, stabilizers, plasticizers, lubricants, pigment base and others. A typical rigid PVC pipe can contain about 7585% PVC resin. Further materials are further added, such as lubricant, pigment, pigment base, plasticizers, stabilizers and the like to improve its performance.
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In 2016, Sewer & Drain was the dominant application segment, in terms of revenue with over 35% share, followed by water supply and irrigation. Low cost and easy installation are the factors driving the demand for PVC pipe in sewer and drain applications. In recent years, its demand has increased significantly due to the replacement of traditional metal pipes. The extraordinary physical properties of PVC pipes have increased their penetration in a wide range of applications, due to their better performance than traditional piping systems.
In 2016, North India accounted for more than 50% of India’s demand for PVC pipe and is expected to maintain its leading position throughout the forecast period. However, the East India region is expected to experience growth at the highest CAGR of 11.1% in terms of demand during the forecast period, owing to the increase in infrastructure projects and developments in rural areas of the region.
Key Findings of India PVC Pipe Market:
- North India is expected to continue to dominate the Indian PVC pipe market, growing at the highest CAGR of 10.1%, in terms of revenue, from 2017 to 2023.
- Sewers and drains occupied more than 35% of the total market value in 2016.
- In 2016, the unplasticized type tubes segment occupied more than 60% of the market share, in terms of turnover.
- East India is expected to register the highest growth rate in value during the forecast period.
- Pigment base is expected to be the most lucrative material for India PVC pipe market during the forecast period.
In 2016, North India accounted for more than half of India’s demand for PVC pipe and is expected to maintain its leading position throughout the forecast period. However, the East India region is expected to experience growth at the highest CAGR of 11.1%, followed by West India with 10.7%, due to new infrastructure projects and developments. in rural areas of the region.
The major players in the industry are investing heavily in R&D to launch new products at a reasonable cost, expand their capabilities and meet growing consumer demand. Strategic acquisitions and collaborations are other major strategies adopted by these players. Major companies featured in the report include Aashirvad Pipes, Supreme Pipes, Astral Pipes, Finolex Industries Ltd., Prince Piping System, Ori-plast, Utkarsh Indin, Dutron Group, Kankai Pipes and Captain Pipes.
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Allied Market Research (AMR) is a full-service market research and business advisory arm of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global businesses as well as medium and small businesses with unmatched quality of “market research reports” and “business intelligence solutions”. AMR has a focused vision to provide business information and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.
We have professional relationships with various companies, which helps us extract market data that helps us generate accurate research data tables and confirm the highest accuracy of our market forecasts. Each of the data presented in the reports we publish is extracted through primary interviews with senior officials of large companies in the field concerned. Our secondary data acquisition methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.
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