The report titled “India
PVC Solvent Cement Market Outlook to 2023- By PVC, UPVC and CPVC Solvent
Cement; By Organized and Unorganized and By Urban and Rural Areas”
provides a comprehensive analysis of the PVC Solvent market in India. The
report covers market size by revenue, segmentation on the basis of product type
(PVC, CPVC and UPVC Solvent), by market structure (organized and unorganized),
by type of region (urban and rural region). The report also covers value chain analysis,
profit margins, trends and developments including a snapshot on PVC plastic
pipes and fittings market, competitive landscape and comprehensive profile of
leading players (HP International, Neoseal Adhesives, Astral Poly Technik,
Finolex Pipes, Supreme Industries and others). Factors such as estimated
revenue of major players, competition success factor, strengths and weakness of
major players, Future outlook and projections by regions and by product type
have been covered in the publication.
India PVC Solvent Cement Market
Most companies in the PVC
solvent cement companies in India were established in late 1900s. These are the
companies which dominate the PVC plastic pipe market in the present scenario
and have started manufacturing solvent or procured it from local and regional
manufactures and rebranding and marketing it under their own brand name. As PVC
pipes and fittings demand grew in India and was preferred more for certain
application as compared to conventional pipe materials (such as steel, metal
and concrete), the demand for solvent cement also grew over the years. India
PVC solvent cement market has been growing due to several factors such as
government policies encouraging construction of housing units, commercial
spaces and development in the agriculture sector.
India PVC Solvent Cement Market Segmentation
By Type of Product: As of FY’2018, the PVC solvent cement accounted for the
highest share in terms of revenue owing to PVC pipes being majorly used in the
water supply and drainage & sewage in India and generally the diameter of
these pipes are large which tends to increase the amount of solvent cement
being used in these application. UPVC and CPVC solvent cement are used in
applications where UPVC and CPVC pipes are installed, and have higher
proportion in urban areas where residential and building projects are more and
are these are generally used in plumbing segment (hot and cold water
applications).
By
Market Structure: There are large numbers of players operating in
the market. Organised players have a strong hold in the market owing to their
brand value, consistent product quality, and wider distribution base. They are
able to attract industrial customers as they are regarded as experts in this
field and are able to help the industrial buyers in choosing the correct
product for their applications. Unorganized players have limited distribution
base and are more inclined towards customers who are looking at low cost
products. These manufactures target the lower segment of the market where the
demand volume is low and the end user is willing to procure PVC solvent cement
at least possible cost. The products of unorganized players would not carry NSF
certification and does not provide guarantee on the quality of the sealant.
By
Region: Generally in urban areas, UPVC and CPVC solvent
cement would have higher proportion in the overall demand for solvent cement in
the market as UPVC and CPVC applications are more in residential and building
sector such as for hot and cold applications. Rural region is more inclined
towards irrigation and other forms of agriculture which results in higher
installation base for PVC pipe and fittings as these pipes are used for water
supply, drainage and sewage applications.
Competition in India
PVC Solvent Cement Market
The competition in India
solvent cement market has grown over the years, with new companies entering the
market. There are large numbers of companies established in organized as well
as unorganized sector. Organized sector
dominated the market due to increased awareness of end users for organized
brands whereas smaller companies cannot have installed production capacities as
large as the organized sector companies do and therefore are not able to
capture a significant share in the market. Owing to attractive product margins in PVC
solvent cement compared to plastic pipe, the market could witness entrance of
many plastic pipe manufacturers and expansion in production capacity, new
technological trends and many other variables which will result in higher
competition in the market and resultant growth in market revenue. The major
players in the organized PVC solvent cement in India include HP International,
Astral Poly Technik Limited (Weld-on and Solvobond), Neoseal, Finolex
Industries Limited, Supreme Industries Limited, Ashirvad Pipes Private Limited
and Jain Irrigation Systems Limited. Other companies in the market are Prince
Pipes and Fittings Private Limited, Ajay Pipes (Ajay Industrial Corporation
Limited), Kisan Group, Shiv shakti Industries, Shreeji Chemical Industries,
Shree Jay Khodiyar Sales Corporation.
Future Outlook of India PVC Solvent Cement Market
India PVC Solvent Cement
Market is projected to increase significantly in the forecasted period, FY’2018-FY’2023.
The PVC solvent cement market has started to focus on NSF and other prevalent
certifications as large customers prefer to procure materials with product
certification as it guarantees the consistent quality of product in different
batches. With government focusing heavily on investment in farm activities, it
is very likely that irrigation network for agricultural lands increases all
across the country. Since these systems mainly use PVC pipes and fittings,
demand for PVC solvent cement will grow. Production capacity will expand as
companies in this market adapt to the growing demand for PVC solvent cement.
Key
Segments Covered:-
By
Type of Product:
PVC Solvent Cement
UPVC Solvent Cement
CPVC Solvent Cement
By
Market Structure:-
Organized
Unorganized
By
Region:-
Urban Areas
Rural Areas
Key
Target Audience:-
PVC Solvent Cement
Manufacturers
Plastic Pipes and Fittings
Manufacturers
Plastic Resins Manufacturers
Major Importers of Plastic
Pipes and Fittings
Private Equity Ventures
Time
Period Captured in the Report:-
FY’2013-FY’2018 – Historical
Period
FY’2019-FY’2023 – Future
Forecast
Companies
Covered:-
HP International, Astral
Poly Technik Limited (Weld-on and Solvobond), Neoseal, Finolex Industries Limited,
Supreme Industries Limited and Others
Key Topics Covered:-
Introduction on India PVC Plastic
Pipes and Fittings Market
Introduction on India PVC
Solvent Cement Market
Value Chain of India PVC
Solvent Cement Market
Market Size by revenue
(FY’2012-FY’2017)
Market Segmentation on the
Basis of Types of Product, Type of Market Structure, Type of Major Regions
Competitive Landscape in the
Industry
Strengths and Weakness of
Major Players in the Market
Estimated Revenue and
Company Profiles of Major Players in the Market
Growth Drivers
Issues and Challenges
Future Outlook for the
market and segmentation (FY’2018-FY’20223)
Analyst Recommendations
For
more information on the research report, refer to below link:-
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