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The “India PVC Pipes Market to 2027 - Analysis and Forecasts by Type (Chlorinated, Plasticized, and Unplasticized); Material (PVC Resin, Stabilizers, Plasticizers, Lubricant, Pigment Base, and Others); Application (Irrigation, Water Supply, Sewerage, Plumbing, HVAC, and Others)” The scope of study involves understanding on the factors responsible for growth of PVC pipes market along with the revenue estimates and forecasts and market share analysis, this report also spots the significant PVC pipes players in the market and their key developments.
The India PVC Pipes market is accounted to US$ 3,539.0 Million in 2018 and is expected to grow at a CAGR of 4.5% during the forecast period 2019 - 2027, to account to US$ 5,209.4 Million by 2027. PVC pipes are produced by extrusion of raw material from polyvinyl chloride and are known for their high tensile strength, ductility, endurance toward extreme temperature conditions and resistance over corrosion. Further, they are lightweight in nature and possess smooth surface that allows faster flow of water and generates comparatively less friction than pipe made from cast iron or concrete. They are generally used for production of sewage pipes and drainage solutions, water mains and irrigation, transportation of drinking water and manufacture of advanced fire-sprinkler systems. The rising demand for PVC pipes from agriculture, automotive, building and construction, electrical and other end-use industries is expected to boost the demand for the product in Indian scenarios.
Based on raw materials, the PVC resin segment holds the largest share in the PVC pipes market. PVC resins is raw material used in the manufacturing of PVC pipes. It is one of the most widely manufactured thermoplastic polymers in the world after polyethylene and polypropylene. Suspension-grade resins are the most widely used PVC resins in the manufacture of PVC pipes and fittings. They are made by polymerizing the droplets of vinyl chloride monomer suspended in water. Particle size of the resin ranges from 50 to 250 µm and have porous popcorn-like structures, which readily absorb plasticizers. Less porous PVC resins are used extensively for manufacturing high-volume rigid or unplasticized PVC products, such as pipes, windows, sidings, and ductings.
Rising acceptance of CPVC pipes is driving the Indian PVC pipes market. CPVC (Chlorinated polyvinyl chloride) is a kind of thermoplastic formed by chlorination of the polyvinyl chloride resin. CPVC pipes provide resistance to corrosion and degradation caused by an acid, alkali, or inorganic material and can be safely used for the supply of potable water. Such pipes can be used with the distribution of pressurized liquids, which are chemically well-suited with the piping materials. The increase in the demand for such pipes in sectors such as irrigation, sanitation, and building construction is driving the growth of the PVC pipes market in India. Further, the increasing government expenditure and investment towards housing and sanitation, building and construction, irrigation, and environmental protection activities through schemes such as housing for all and making 100 smart cities are intended to open immense opportunities for market players to maintain sustainable growth in the market.
Some of the key players in the PVC Pipes market include Ashirvad, Astral Poly Technik Limited, Captain Pipes Ltd, Dutron, Finolex Industries Ltd, Kankai Pipes & Fittings Private Limited, Ori-Plast, Prince Pipes and Fittings Ltd., Supreme, Utkarsh India, and among others.
The report segments the India PVC pipes market as follows:
India PVC Pipes Market - By Type
India PVC Pipes Market - By Raw Material
India PVC Pipes Market - By Application
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