India PVC Pipes Market | SWR PVC Pipes Segmentation - PowerPoint PPT Presentation

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India PVC Pipes Market | SWR PVC Pipes Segmentation

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India PVC Pipes and Fittings Industry Outlook to 2020 - Expanding Irrigated Area and Construction Sector to Stimulate Growth" provides a comprehensive analysis of the market size of the PVC Pipes and Fittings Industry in India by revenue, production capacity and production volume. Industry has been segmented on the basis of types of PVC pipes and fittings (RPVC, PVC and CPVC pipes and fittings), by regions, by applications of PVC pipes and fittings and by organized and unorganized market. – PowerPoint PPT presentation

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Title: India PVC Pipes Market | SWR PVC Pipes Segmentation


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India PVC Pipes and Fittings Market Report -2020
Ken Research
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  • PVC pipes and fittings market in India is vibrant
    market. The market was valued at INR billion in
    FY2015 which had grown from INR billion in
    FY2014. The industry has grown at a CAGR of
    during the period FY2010-FY2015. This can be
    attributed to the increasing demand for
    agricultural production due to rising population,
    tremendous investment by the government on
    infrastructure, augmentation of real estate
    sector and increasing recognition among people
    regarding the benefits of PVC pipes over other
    conventional piping systems.

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  • The advent of construction of smart cities which
    require different types of pipes and fittings has
    also been a major factor which imparted growth to
    the PVC pipes and fittings industry in India. The
    major end users for PVC pipes and fittings in
    India are housing, irrigation and water
    infrastructure. Agricultural sector accounts for
    major demand of PVC pipes in India. Subsidies and
    investments (such as Pradhan Mantri Krishi
    Sinchayee Yojana (PMKSY), increased budget
    allocation in five year plans, and several
    others) made by the government in the
    agricultural sector have bolstered the demand for
    PVC pipes in the country in the last few years.

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  • The production capacity in FY2015 has been
    recorded at million MT as compared to million
    MT in FY2010. The positive growth in the PVC
    pipes production capacity can mainly be
    attributed to the factors such as increased
    government focus on water and sanitation
    management, rise in irrigational land for food
    production which in turn influenced the demand
    for PVC pipes from the agriculture sector and
    growth in real estate market of India.The PVC
    pipes and fittings industry in India is highly
    fragmented in nature with a huge number of
    companies.

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  • Presently, there are nearly 1,100 companies
    engaged in manufacturing and distribution of PVC
    pipes and other equipments in the country and
    nearly 500 players are there in the unorganized
    segment. However, the competition in the industry
    is primarily confined between top 5 players
    (include Finolex Industries Limited, Jain
    Irrigation Systems Limited, Supreme Industries,
    Prince Pipes and Fittings Private Limited, Astral
    Poly Technik Limited and Ashirvad Pipes Private
    Limited) in the organized space and several small
    scale players operating in the unorganized space.

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  • The PVC pipes and fittings industry in India is
    largely contributed by the irrigation sector
    which contributed in the PVC pipes market
    revenue in FY2015 as compared to in FY2010.
    The contribution of irrigation in the overall
    market revenue of PVC pipes and fittings has
    grown at an average annual rate of during
    FY2010-FY2015. The low priced PVC pipes are
    extensively used by the farmers in India,
    especially in the states of Punjab and Haryana,
    to irrigate the fields with water from tube
    wells. Another major application of PVC pipes and
    fittings in India is transportation of water.
    Water supply contributed to the demand for PVC
    pipes and fittings in India and recorded market
    value of INR million in FY2015. Lead free PVC
    piping systems are widely used in India for
    conveying potable water to the households.

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  • The demand for PVC pipes in a particular region
    is influenced by a range of factors such as the
    population, the per capita income, literacy rate,
    status of supplies of the products, status of the
    commercial and industrial sector, and
    availability of substitute products among other
    factors. In FY2015, southern region of India
    contributed the largest share of in the
    overall revenue of PVC pipes and fittings market
    in India. The major demand in South India comes
    from the states of Tamil Nadu and Andhra Pradesh.
    West India accounted for the next largest share
    of in the market revenue. The major demand of
    the PVC pipes and fittings in the western region
    came from Maharashtra because of high proportion
    of middle class population and high pace of
    growth of construction activities in regions of
    Mumbai and Pune.

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  • In the past few years, a shifting trend towards
    CPVC pipes has been witnessed in India. CPVC is
    obtained by chlorination of Polyvinyl Chloride.
    It has better physical and mechanical properties
    than PVC, which makes it ideal for making pipes
    and pipe fittings. CPVC gives pipes an unbeatable
    strength and high corrosive water and heat
    resistance. They are widely used in the
    industries for the transportation of hazardous
    and highly corrosive chemicals. Growing prices of
    copper and increasing recognition of benefits of
    plastic piping systems has led to a steady growth
    of plastic pipes penetration in the Indian market
    in the last few years. In India, plastic pipes
    and fittings are particularly used in the
    sanitary, construction and agricultural sectors.

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  • In comparison to concrete, copper and steel
    pipes, plastic pipes have a lower leakage and
    corrosion rate and require lower installation
    costs. People have started showing more
    confidence in plastic pipes than years ago and
    are more willing to install plastic pipes rather
    than other iron pipes at their households. Among
    different plastic pipes, presently PVC has a
    dominant share of .Currently, the margins of
    the organized players of PVC pipes are being
    hampered by the unorganized players charging
    lower prices. The advent of GST would bring in
    new opportunities for the organized segment of
    the market GST since the outflow of tax revenue
    from the unorganized sector would be corked with
    the help of GST implementation.

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  • Moreover, the implementation of GST will change
    the margins of different players in the value
    chain since the tax paid in the GST is expected
    to be greater than the overall tax paid in the
    current system which will make the unorganized
    players worse off.It has been estimated that,
    currently India has a shortage of around
    million houses and around million houses are
    needed till 2022. This presents a huge
    opportunity not only for the housing and
    construction sector but also for the players in
    PVC pipes and fitting segment since construction
    of houses will always require PVC pipes and
    fittings.

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  • Furthermore, the government of India has also
    been focusing on infrastructural projects such as
    Swachh Bharat Abhiyan and The Smart Cities
    Project. This will augment huge demand of in the
    piping industry, thereby entailing the growth of
    capacity and its utilization. It has been
    estimated that more than half of the Indian
    population defecate in open and the government is
    planning the indoor toilets for every home in the
    coming years. Moreover, the project of smart
    water and waste management will also provide a
    huge impetus to the PVC piping industry in India.

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  • The revenue from the Indian PVC pipes and
    fittings industry is projected to register strong
    growth over the period FY2016-FY2020. It is
    anticipated to grow by over the period
    FY2015-FY2020 and is expected to reach INR
    billion in FY2020 as compared to INR billion
    in FY2015. The organized segment of the market
    is predicted to grow at a faster rate in the
    coming years with shifting preferences towards
    branded and quality products being witnessed in
    the domestic market. This would be backed by the
    increasing young working population in the
    country with high population who prefer branded
    pipes and fittings for their homes.The
    residential real estate market has witnessed
    balanced growth in the last couple of years owing
    to the increasing population and growing demand
    for affordable housing accommodation.

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  • Source https//www.kenresearch.com/manufacturing-
    and-construction/machinery-and-parts/updated-india
    -pvc-pipes-market-report/7094-97.html
  •  Contact Ken ResearchAnkur
    Gupta, Head Marketing CommunicationsAnkur_at_kenre
    search.com91-9015378249
  • Website www.kenresearch.com

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