PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1176953
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1176953
According to SPER Market Research, the India PVC Pipes and Fitting Market is estimated to reach USD 15.52 billion by 2032 with a CAGR of 10.46%.
Polyvinyl Chloride (PVC) is the third largest selling plastic commodity after polyethylene & polypropylene. It's salutary over other accoutrements, owing to its chemical resistance, continuity, low cost, recyclability, and others; therefore, it can replace wood, essence, concrete, and complexion in different operations. PVC pipes are manufactured by extrusion system in a variety of confines similar as solid wall or cellular core construction. They're erosion resistant, cost-effective, honey resistant, and easy to install & handle, and environmentally sound, with long service life. Upsurge in the demand for pipes in the irrigation sector and structure & construction assiduity is the major driving factor for India PVC pipes request. Also, increased focus of government on pastoral water operation supports the demand for PVC pipes in India. Still, vacuity of backups similar as HDPE & ABS hampers the growth of the India PVC pipes request. In addition, toxin of PVC pipes restricts the request growth. Again, rise in mindfulness towards clean water force in pastoral areas and increase in investment in the developing regions of the country are anticipated to offer growth openings for the request.
Even though the increasing pandemic situation due to COVID-19, has hampered the polymer market, which is expected to show a decrease in price owing to balanced-to-long supply in the market. There was disrupt in the supply chain of companies in the initial months of lockdown. It is expected that the demand for PVC will be back to its pre-COVID-19 period by this year and will see a steady growth in coming years.
Market size available for years: 2019-2032
Base year considered: 2021
Forecast period: 2022-2032
Segments covered: By Type, By Material, By Application
Regions covered: North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Companies Covered: Ashirvad, Astral Poly Technik Limited, Captain Pipes Ltd, Dutron, Finolex Industries Ltd., Georg Fisher Ltd., Jain Irrigation [Piping Division], Kankai Pipes & Fittings Private Limited, Mexichem, National Pipes & Plastics, Ori- Plast, Radius Systems Ltd., Prince Pipes and Fittings Ltd., REHAU, The Supreme Industries Ltd., Utkarsh Tubes &Pipes Ltd., Vinidex Pty Ltd., Yonggao Co. Ltd.
By Type: Based on the Type, India PVC Pipes and Fitting Market is segmented as; Clorinated, Plasticized, Unplasticized.
By Material: Based on the Material, India PVC Pipes and Fitting Market is segmented as; PVR Resin, Stabilizers, Plasticizers, Lubricants, Pigment Base, Others.
By Application: Based on the Application, India PVC Pipes and Fitting Market is segmented as; Irrigation, Water Supply, Sewerage, Plumbing, Oil and Gas, HVAC, Others.
By Region: East India is popularly known for tea civilization, which requires significant water force, which boosts the demand for PVC pipes, as they're used to wash tea colonies. Steady growth in urbanization in the Eastern region is further anticipated increase the demand for PVC pipes. Also, the development in structure is anticipated to launch the demand for PVC pipes in the region.