India PVC Pipes Market Size Set to Expand at CAGR of 7.21% Reaching USD 269.85 Million by 2029

Published | 07 November 2023

India PVC pipes market is flourishing because of the growing government initiatives in construction and increasing agricultural sector.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the India PVC pipes market size at USD 177.71 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects India PVC pipes market size to grow at a significant CAGR of 7.21% reaching a value of USD 269.85 million by 2029. Major growth drivers for the India PVC pipes market include an increasing urbanization and industrialization. Notably, the Government of India is actively prioritizing economic development by ramping up investments and launching specific initiatives like Pradhan Mantri Awas Yojana and Pradhan Mantri Krishi Sinchai Yojana, with a strong focus on infrastructure development. These government-led programs are expected to significantly boost the India PVC pipes market. Also, other growth factors for the market include expanded government infrastructure investments, a surge in residential and commercial construction, the growth of industrial production, development in the irrigation sector, and the replacement of aging pipes with more advanced polymer alternatives, particularly CPVC pipes, in applications like hot and cold-water plumbing. Major players in the industry have displayed robust growth, with a substantial increase in PVC pipe production. Government initiatives like "Har Ghar Jal Yojna" and "Jal Jeevan Mission" are set to further drive demand for plumbing pipes and fittings, and the industry is projected to witness continued growth in the years ahead. This positive outlook is underpinned by the government's strong commitment to national development, policy support, and a focus on self-reliance. However, the availability of alternative options and Fluctuating raw material prices are anticipated to restrain the overall market growth during the period in analysis.

PVC Pipes – Overview

PVC pipes are a type of pipes manufactured through the extrusion process using polyvinyl chloride (PVC) raw material. They are recognized for their notable qualities, which encompass high tensile strength, ductility, durability in extreme temperature environments, and resistance to corrosion. These PVC pipes serve a wide range of applications across commercial and industrial sectors, including the chemical industry, electronics, semiconductors, food and beverage, maritime, mining, agriculture, steel processing, and wastewater treatment facilities. Their uses extend to underground potable water supply, sewer and drainage systems, irrigation, medical devices, and more. They are commonly deployed in various infrastructural settings such as banks, healthcare facilities, airports, marine systems, resorts, and office buildings. PVC pipes are also integral components in various pressure systems for building service lines, site utility systems, reclaimed and gray water systems, turf irrigation, and various other applications.

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Impact of COVID-19 on India PVC Pipes Market

COVID-19 pandemic adversely affected the India PVC pipes market. The initial lockdowns and disruptions in the supply chain led to a temporary setback in production and distribution. Reduced construction and infrastructure activities during the pandemic's peak affected the demand for PVC pipes. However, as the government initiated various economic stimulus measures and infrastructure development projects, the market gradually recovered. The pandemic also heightened the importance of sanitation and water supply, driving demand for PVC pipes in applications like sewage and potable water systems. Overall, while the market faced short-term challenges, it displayed resilience and adapted to the evolving circumstances.

India PVC Pipes Market – By Material

Based on material, the India PVC pipes market is divided into PVC Resin, Stabilizers, Plasticizers, Lubricant, and Pigment Base segments. The stabilizers segment holds the highest share in the India PVC pipes market by material. UV light and heat can negatively affect PVC molecules, causing their stability to deteriorate. When PVC is exposed to heat, it can break down the polymeric chains and release hydrochloric acid gas, initiating a degradation process that generates corrosive hydrochloric acid and other harmful gases. To prevent this degradation, stabilizers are utilized, often containing metal salts that react with hydrochloric acid to halt further deterioration. Some stabilizers combine multiple metals for protection against UV radiation. Calcium-Zinc-based (Ca-Zn) stabilizers, widely used in both flexible and rigid PVC applications, offer favorable mechanical and electrical properties, clarity, and organoleptic qualities. Stabilizers are essential for enabling PVC pipes to endure outdoor conditions, making them increasingly important in the India PVC pipes market.

Competitive Landscape

Major players operating in the India PVC pipes market include Finolex Industries Limited, Ori-Plast Limited, Captain Pipes Ltd, Savera Pipes, Apollo Pipes, Prince Pipes and Fittings Ltd, Utkarsh Tubes & Pipes Limited, Dutron Polymers Limited, Kankai Pipes & Fittings Private Limited, and Astral Poly Technik Limited. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Don’t miss the business opportunity in the India PVC Pipes Market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of India PVC Pipes Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in India PVC Pipes Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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