India PVC Pipes Market Competitive Landscape and Key Players: Forecast 2024-2030

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The India PVC Pipes Market is poised for significant growth, with projections indicating a rise from USD 5.42 billion in 2023 to USD 8.05 billion by 2030, reflecting a CAGR of 5.81%.

 

Advantages of PVC Pipes

PVC pipes are favored for their durability, cost-effectiveness, and ease of installation. These attributes make them a preferred choice in various applications, including plumbing, drainage, and water supply systems.

Challenges Faced by Unorganized Players

Smaller and unorganized players in the market are encountering difficulties in sourcing raw materials and managing working capital, especially with rising PVC resin costs. This scenario is leading to a market shift towards more organized segments.

Organized Players Gaining Market Share

Organized players are better positioned to handle cost fluctuations and maintain profit margins due to established supplier relationships and extensive distribution networks. This advantage is enabling them to capture a larger share of the market.

Global Market Developments

Internationally, the PVC pipes market is experiencing significant mergers and acquisitions. For instance, in 2012, Mexichem acquired Wavin, a European supplier of plastic pipes, expanding its water management portfolio across 22 European countries.

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Regional Market Insights

  • Vietnam: The rapid urbanization and infrastructure development in Vietnam have led to a heightened demand for reliable plumbing and water management systems, thereby boosting the plastic pipes market.
  • Thailand and Singapore: These markets are witnessing steady growth in the PVC pipes sector, driven by infrastructure projects and the need for efficient water management solutions.
  • Japan and South Korea: Technological advancements and a focus on sustainable materials are influencing the PVC pipes market in these countries, with an emphasis on eco-friendly and durable piping solutions.
  • Europe and the US: The PVC pipes markets in these regions are characterized by consolidation activities, with companies engaging in mergers and acquisitions to strengthen their market positions. For example, in 2024, Amcor’s acquisition of Berry Global Group in a scrip merger valued at $US8.4 billion positioned it as the largest plastic packaging company globally.

Future Outlook

The India PVC Pipes Market is on a robust growth trajectory, supported by government initiatives, the advantages of PVC pipes, and the increasing dominance of organized players. However, challenges persist for unorganized segments, necessitating strategic adaptations to leverage emerging opportunities.

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India PVC Pipes Market Segmentation:

by Product

Chlorinated
Plasticized
Unplasticized

by Material

PVC Resin
Stabilizers
Plasticizers
Lubricant
Pigment Base
Others

During the 2024–2030 forecast period, the Indian PVC Pipes Market’s stabilizers segment is anticipated to grow at the highest CAGR of 5.95%. PVC molecules are at serious risk of losing their stability due to exposure to heat and UV light. Heat causes the polymeric chains in PVC to break down, releasing gaseous hydrochloric acid. This starts a breakdown process that releases toxic gasses and caustic hydrochloric acid. Stabilizers, which frequently contain metal salts that react with hydrochloric acid to stop further deterioration, are used to combat this degradation. To improve defense against UV rays, some stabilizers combine several metals.

by Application

Irrigation
Water Supply
Sewerage
Plumbing
Oil & Gas
HVAC
Others

In 2023, the irrigation sector accounted for more than 40% of the Indian PVC pipe market. PVC pipes, which are prized for their longevity, affordability, and resilience, are important in agricultural irrigation. They encourage water saving by effectively directing water from main lines to drip irrigation systems or sprinklers. For subterranean installations, rigid PVC pipes provide protection against agricultural dangers and temperature fluctuations. However, their use may be limited because to its potential for cracking in freezing temperatures.

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Table of Content: India PVC Pipes Market

Part 01: Executive Summary

Part 02: Scope of the India PVC Pipes Market Report

Part 03: Global India PVC Pipes Market Landscape

Part 04: Global India PVC Pipes Market Sizing

Part 05: Global India PVC Pipes Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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India PVC Pipes Market Key Players:

1. Aashirvad Pipes
2. Supreme Pipes
3. Astral Pipes
4. Finolex Industries Ltd.
5. Prince Piping Systems
6. Ori-plast
7. Utkarsh India
8. Dutron Group
9. Kankai Pipes
10. Captain Pipes
11. Mexichem
12. Radius Systems Ltd
13. National Pipes & Plastics
14. Georg Fischer Ltd.
15. REHAU
16. Uponor
17. Astral Pipes
18. Yonggao Co.
19. Vinidex Pty Ltd
20. COEMAC
21. Adequa Water Solutions

Key questions answered in the India PVC Pipes Market are:

  • Who are the leading companies and what are their portfolios in India PVC Pipes Market?
  • What segments are covered in the India PVC Pipes Market?
  • Who are the key players in the India PVC Pipes market?
  • What is India PVC Pipes?
  • What was the India PVC Pipes market size in 2023?
  • What is the growth rate of the India PVC Pipes Market?
  • Which are the factors expected to drive the India PVC Pipes market growth?
  • What are the different segments of the India PVC Pipes Market?
  • What growth strategies are the players considering to increase their presence in India PVC Pipes?
  • What are the upcoming industry applications and trends for the India PVC Pipes Market?
  • What are the recent industry trends that can be implemented to generate additional revenue streams for the India PVC Pipes Market?
  • What segments are covered in the India PVC Pipes Market?

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Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2023)
  • Past Pricing and price curve by region (2018 to 2023)
  • Market Size, Share, Size & Forecast by different segment | 2024−2030
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Market Segmentation – A detailed analysis by segment with their sub-segments and Region
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Legal Aspects of Business by Region
  • Lucrative business opportunities with SWOT analysis
  • Recommendations

About Maximize Market Research :

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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