Diversified application base in commercial and industrial sectors will escalate the PVC pipes market at a CAGR of 14.8%
Latest market study on "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 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. The report include understanding on the key driving factors of this growth and also highlights the prominent players in the market and their developments.
The PVC Pipes market is segmented based on type into chlorinated, plasticized, and unplasticized. The unplasticized segment led the PVC Pipes market. Unplasticized PVC (uPVC) pipes are rigid, with stiffness greater than that of plasticized PVC pipes. The uPVC pipes are devoid of plasticizers. In the construction industry, these pipes are preferred over PVC pipes owing to their rigidity. uPVC pipes feature superior resistance to chemical erosion, and their smooth inner walls allow water to flow more smoothly, causing less turbulence. They are also resistant to a wider range of temperatures than PVC pipes. Owing to the high strength, stiffness, and chemical resistance, uPVC pipes account for a significant share of plastic piping installations. It is widely used in the soil and waste discharge, ventilation, and rainwater harvesting systems. They also possess antimicrobial properties, and hence, are suitable for carrying potable water. The growing use of uPVC pipes in water distribution networks, as well as casings for tube works, is anticipated to drive the growth of the uPVC pipes market during the forecast period.
Wide application of PVC pipes in various industrial and commercial sector is mainly driving the India PVC pipes market. These pipes are majorly used in underground supply of potable water, in sewer and drainage system, for irrigation, medical devices, and others. PVC pipes are being commercially used in infrastructures including banks, health care facilities, landfills, airports, marine systems, resorts, research centers, office buildings, warehouses, amongst others. PVC pipes are used in various pressure systems in building service lines, site utility systems, reclaimed and gray water systems, turf irrigation, and among others. These pipes act as an excellent condenser and can be used in chilled water piping as they can endure lower temperature water with high durability. PVC pipes are also used in venting to provide protection against fixture trap siphonage, back-pressure, and air circulation. Thus, the growing application base, along with a rapid urbanization and industrialization, is boosting the demand for PVC pipes in the market
The market for PVC Pipes is concentrated with some very well-established players. 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.
India PVC Pipes Market - By Revenue and Forecast, 2018
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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