India Pvc Pipes Market
India PVC Pipes Market, By Type (Chlorinated, Plasticized, Unplasticized); By Material (PVC Resin, Stabilizers, Plasticizers, Lubricant, Pigment Base); By Application (Irrigation, Water Supply, Sewerage, Plumbing, Oil & Gas, HVAC); By Region (North India, South India, East India, West India), Trend Analysis, Competitive Landscape & Forecast, 2019–2029
- Published Date: November 2023
- Report ID: BWC23910
- Available Format: PDF
- Page: 200
Report Overview
The growing agricultural sector and increasing government initiatives in construction are projected to propel the expansion of the India polyvinyl chloride (PVC) pipes market during the forecast period between 2023 and 2029.
India PVC Pipes Market - Industry Trends & Forecast Report, 2029
India PVC (Polyvinyl Chloride) pipes market size was estimated at USD 177.71 million in 2022. During the forecast period between 2023 and 2029, the size of India PVC pipes market is projected to grow at a 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.
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.
India PVC Pipes Market
Growth Drivers
Increasing Demand for PVC Pipes from Agricultural Sector
The growth and expansion of India's agricultural sector play a pivotal role in boosting the India PVC pipes market. With approximately 58% of the population relying on agriculture as their primary income source, this sector holds significant economic weight, contributing INR 18.53 trillion (USD 271.00 billion) in FY18 when combined with forestry and fishing. The government's increased investments in agricultural infrastructure, including irrigation systems, warehousing, and cold storage, are expected to further enhance the agriculture industry's momentum. As domestic income rises and the demand for food increases, the agricultural sector faces new challenges, driving the need for advanced irrigation facilities and infrastructure. In response, the adoption of key agricultural trends, such as increased exports, greater private sector participation, and the integration of information technology, is expected to stimulate agricultural growth. This, in turn, fuels the demand for PVC pipes in various agricultural applications. PVC pipes, renowned for their strength, ductility, resistance to extreme temperatures, and corrosion resistance, offer an economical and versatile solution for multiple agricultural structures, positively impacting the India PVC pipes market's growth prospects.
Restraints
Fluctuating Raw Material Prices
The growth of the India PVC Pipes Market is constrained by the fluctuating prices of raw materials. PVC pipes are primarily manufactured from polyvinyl chloride, and their production is sensitive to price variations in key raw materials, notably chlorine and ethylene. These fluctuations in raw material costs can have a direct impact on the manufacturing expenses of PVC pipes, making it challenging for market stakeholders to maintain pricing stability and profit margins. Moreover, rising production costs may be transferred to consumers, potentially reducing the affordability and competitiveness of PVC pipes. These uncertainties linked to raw material prices pose a hindrance to the market's growth, necessitating effective management strategies.
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
Segmental Coverage
India PVC Pipes Market – By Type
By type, the India PVC pipes market is divided into Chlorinated, Plasticized, Unplasticized segments. The chlorinated segment holds the highest share in the India PVC pipes market by type. CPVC (Chlorinated Polyvinyl Chloride) pipes are a type of thermoplastic created by chlorinating polyvinyl chloride resin. They offer numerous advantages, including being lightweight, easy to transport, available in various sizes, and characterized by long-term reliability and durability. Notably, CPVC pipes exhibit remarkable resistance to corrosion and have an extended service life. Their ability to withstand extreme temperatures, up to 200°F, makes them more flexible than traditional PVC pipes. As a result, the increasing demand for CPVC pipes in diverse sectors like irrigation, sanitation, and construction is propelling their dominance in the market. Furthermore, the Indian government's substantial investments in housing, sanitation, construction, irrigation, and environmental initiatives, such as "housing for all" and the development of "100 smart cities," create substantial growth opportunities for the India PVC pipes market, ensuring its sustainable expansion in the future.
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.
India PVC Pipes Market – By Application
Based on application, the India PVC pipes market is divided into Irrigation, Water Supply, Sewerage, Plumbing, Oil & Gas, and HVAC segments. The irrigation segment holds the highest share in the India PVC pipes market by application. PVC pipes are extensively employed in agriculture for irrigation due to their robust, cost-effective, and long-lasting nature. They serve as a conduit for transporting water from main lines to sprinklers or drip irrigation systems, enhancing water conservation. Rigid PVC pipes are suitable for underground installations, safeguarded from temperature fluctuations and farming-related risks. However, they may crack in freezing conditions, limiting their use to some extent. Nevertheless, the expanding irrigation network and water infrastructure development in India are expected to boost the PVC pipe market in the country, especially in agricultural applications.
India PVC Pipes Market – By Region
Regionally, the India PVC Pipes Market is segmented as North India, South India, East India, and West India. East India region holds the highest share in the India PVC pipes market. This region experiences substantial agricultural activities, which are a significant consumer of PVC pipes for irrigation purposes. The presence of fertile agricultural land and the need for efficient water distribution systems drive the demand for PVC pipes. Also, East India has witnessed rapid urbanization and industrialization, necessitating the use of PVC pipes in construction and infrastructure projects. Notably, government initiatives and investments in the development of irrigation facilities and water supply systems have further propelled the demand for PVC pipes in this region, contributing to its leading share in the 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.
Recent Developments
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In June 2023 - Adani Group resumed its investment plan for the Mundra Petrochem Ltd PVC plant, India's largest. The group obtained in-principle approval for a credit line of up to INR 14,000 crore from multiple banks. The total project cost is expected to be around INR 35,000 crore, and a consortium of local banks, mostly state-run lenders, is providing funds, with private lenders contributing at least INR 4,500 crore. The group will seek an additional USD 2 billion for the Mundra project after fully utilizing the initial USD 2 billion sanctioned. Adani had previously put the project on hold due to financial constraints but is now accelerating financial closure and engineering design activities.
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In March 2023 - Finolex Industries initiated commercial operations at its newly established PVC fittings manufacturing plant in Pune, Maharashtra, starting from March 12, 2023. With an annual capacity of 12,000 MT, this facility represents an investment of approximately INR 100 crore, entirely funded through internal accruals. As the company is the third-largest participant in the PVC resin market and one of India's prominent PVC pipe manufacturers, this expansion aims to meet the rising market demands. In Q3 FY23, Finolex Industries faced a 55.2% decline in consolidated net profit, while net sales saw an 11.9% year-on-year increase, reaching INR 1,124.76 crore.
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In January 2023 - Truflo by Hindware, known for its plastic pipes and fittings, expanded into the PTMT segment, including faucets and flush tanks. This category is growing, especially in tier II and III cities, and is expected to exceed INR 15 billion. Despite challenges like fluctuating PVC prices, Truflo reported growth, particularly in CPVC pipes and fittings. Government attention to water operations supports the demand for PVC pipes in building and infrastructure development.
Scope of the Report
Attributes |
Details |
Years Considered |
Historical Data – 2019–2022 |
Base Year – 2022 |
|
Estimated Year – 2023 |
|
Forecast Period – 2023–2029 |
|
Facts Covered |
Revenue in USD Million |
Market Coverage |
India |
Product/ Service Segmentation |
Type, Material, Application, Region |
Key Players |
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, Astral Poly Technik Limited |
By Type
-
Chlorinated
-
Plasticized
-
Unplasticized
By Material
-
PVC Resin
-
Stabilizers
-
Plasticizers
-
Lubricant
-
Pigment Base
By Application
-
Irrigation
-
Water Supply
-
Sewerage
-
Plumbing
-
Oil & Gas
-
HVAC
By Region
-
North India
-
South India
-
East India
-
West India
- Research Framework
- Research Objective
- Product Overview
- Market Segmentation
- Executive Summary
- India PVC Pipes Market Insights
- Industry Value Chain Analysis
- DROC Analysis
- Growth Drivers
- Growth and expansion of agricultural sector
- Surging government initiatives in the construction sector
- Restraints
- Presence of alternative options
- Fluctuating raw material prices
- Opportunities
- Increasing focus on rural infrastructure development
- Increasing infrastructure development
- Challenges
- Surging environmental concerns
- Growth Drivers
- Technological Advancements/Recent Developments
- Regulatory Framework
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- India PVC Pipes Market Overview
- Market Size & Forecast, 2019–2029
- By Value (USD Million)
- Market Share & Forecast
- By Type
- Chlorinated
- Plasticized
- Unplasticized
- By Material
- PVC Resin
- Stabilizers
- Plasticizers
- Lubricant
- Pigment Base
- Others
- By Application
- Irrigation
- Water Supply
- Sewerage
- Plumbing
- Oil & Gas
- HVAC
- Others
- By Region
- North India
- South India
- East India
- West India
- By Type
- Market Size & Forecast, 2019–2029
- North India PVC Pipes Market
- Market Size & Forecast, 2019–2029
- By Value (USD Million)
- Market Share & Forecast
- By Type
- By Material
- By Application
- Market Size & Forecast, 2019–2029
- South India PVC Pipes Market
- Market Size & Forecast, 2019–2029
- By Value (USD Million)
- Market Share & Forecast
- By Type
- By Material
- By Application
- Market Size & Forecast, 2019–2029
- East India PVC Pipes Market
- Market Size & Forecast, 2019–2029
- By Value (USD Million)
- Market Share & Forecast
- By Type
- By Material
- By Application
- Market Size & Forecast, 2019–2029
- West India PVC Pipes Market
- Market Size & Forecast, 2019–2029
- By Value (USD Million)
- Market Share & Forecast
- By Type
- By Material
- By Application
- Market Size & Forecast, 2019–2029
- Competitive Landscape
- List of Key Players and Their Offerings
- India PVC Pipes Company Market Share Analysis, 2022
- Competitive Benchmarking, By Operating Parameters
- Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
- Impact of Covid-19 on India PVC Pipes Market
- Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- 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
- Astral Poly Technik Limited
- Other Prominent Players
- Key Strategic Recommendations
- Research Methodology
- Qualitative Research
- Primary & Secondary Research
- Quantitative Research
- Market Breakdown & Data Triangulation
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents, By Region
- Assumptions & Limitations
- Qualitative Research
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
List of Figures
Figure 1 India PVC Pipes Segmentation
Figure 2 India PVC Pipes Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2022
Figure 4 India PVC Pipes Market Size, By Value (USD Million), 2019–2029
Figure 5 India PVC Pipes Market Share, By Type, By Value, 2019–2029
Figure 6 India PVC Pipes Market Share, By Material, By Value, 2019–2029
Figure 7 India PVC Pipes Market Share, By Application, By Value, 2019–2029
Figure 9 North India PVC Pipes Market Size, By Value (USD Million), 2019–2029
Figure 10 North India PVC Pipes Market Share, By Type, By Value, 2019–2029
Figure 11 North India PVC Pipes Market Share, By Material, By Value, 2019–2029
Figure 12 North India PVC Pipes Market Share, By Application, By Value, 2019–2029
Figure 13 South India PVC Pipes Market Size, By Value (USD Million), 2019–2029
Figure 14 South India PVC Pipes Market Share, By Type, By Value, 2019–2029
Figure 15 South India PVC Pipes Market Share, By Material, By Value, 2019–2029
Figure 16 South India PVC Pipes Market Share, By Application, By Value, 2019–2029
Figure 17 East India PVC Pipes Market Size, By Value (USD Million), 2019–2029
Figure 18 East India PVC Pipes Market Share, By Type, By Value, 2019–2029
Figure 19 East India PVC Pipes Market Share, By Material, By Value, 2019–2029
Figure 20 East India PVC Pipes Market Share, By Application, By Value, 2019–2029
Figure 21 West India PVC Pipes Market Size, By Value (USD Million), 2019–2029
Figure 22 West India PVC Pipes Market Share, By Type, By Value, 2019–2029
Figure 23 West India PVC Pipes Market Share, By Material, By Value, 2019–2029
Figure 24 West India PVC Pipes Market Share, By Application, By Value, 2019–2029
List of Tables
Table 1 India PVC Pipes Segmentation
Table 2 India PVC Pipes Market Value Chain Analysis
Table 3 Company Market Share Analysis, 2022
Table 4 India PVC Pipes Market Size, By Value (USD Million), 2019–2029
Table 5 India PVC Pipes Market Share, By Type, By Value, 2019–2029
Table 6 India PVC Pipes Market Share, By Material, By Value, 2019–2029
Table 7 India PVC Pipes Market Share, By Application, By Value, 2019–2029
Table 9 North India PVC Pipes Market Size, By Value (USD Million), 2019–2029
Table 10 North India PVC Pipes Market Share, By Type, By Value, 2019–2029
Table 11 North India PVC Pipes Market Share, By Material, By Value, 2019–2029
Table 12 North India PVC Pipes Market Share, By Application, By Value, 2019–2029
Table 13 South India PVC Pipes Market Size, By Value (USD Million), 2019–2029
Table 14 South India PVC Pipes Market Share, By Type, By Value, 2019–2029
Table 15 South India PVC Pipes Market Share, By Material, By Value, 2019–2029
Table 16 South India PVC Pipes Market Share, By Application, By Value, 2019–2029
Table 17 East India PVC Pipes Market Size, By Value (USD Million), 2019–2029
Table 18 East India PVC Pipes Market Share, By Type, By Value, 2019–2029
Table 19 East India PVC Pipes Market Share, By Material, By Value, 2019–2029
Table 20 East India PVC Pipes Market Share, By Application, By Value, 2019–2029
Table 21 West India PVC Pipes Market Size, By Value (USD Million), 2019–2029
Table 22 West India PVC Pipes Market Share, By Type, By Value, 2019–2029
Table 23 West PVC Pipes Market Share, By Material, By Value, 2019–2029
Table 24 West India PVC Pipes Market Share, By Application, By Value, 2019–2029
Table 25 Finolex Industries Limited Company Overview
Table 26 Finolex Industries Limited Financial Overview
Table 27 Ori-Plast Limited Company Overview
Table 28 Ori-Plast Limited Financial Overview
Table 29 Captain Pipes Ltd. Company Overview
Table 30 Captain Pipes Ltd. Financial Overview
Table 31 Savera Pipes Company Overview
Table 32 Savera Pipes Financial Overview
Table 33 Apollo Pipes Company Overview
Table 34 Apollo Pipes Financial Overview
Table 35 Prince Pipes and Fittings Ltd. Company Overview
Table 36 Prince Pipes and Fittings Ltd. Financial Overview
Table 37 Utkarsh Tubes & Pipes Limited Company Overview
Table 38 Utkarsh Tubes & Pipes Limited Financial Overview
Table 39 Dutron Polymers Limited Company Overview
Table 40 Dutron Polymers Limited Financial Overview
Table 41 Kankai Pipes & Fittings Private Limited Company Overview
Table 42 Kankai Pipes & Fittings Private Limited Financial Overview
Table 43 Astral Poly Technik Limited Company Overview
Table 44 Astral Poly Technik Limited Financial Overview
Market Segmentation
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