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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