How is the PVC Pipes and
Fittings Market Positioned in India?
For over 100 years, the PVC
pipes and fittings market in India has developed slowly and is now well
established with a number of players in both organized and unorganized sectors
of the market. Growing population and personal disposable incomes have
augmented the growth in the market. The perception of consumers about PVC pipes
and fittings has also been changing for the positive over the last few years. Primary
growth drivers for this market have been the projects and programs that
government has been investing in. These programs generally cater to the
housing, sanitation and irrigation sectors. PVC pipes and fittings are widely
used in these areas.
By revenue, the market has grown from INR ~ billion in FY’2013 to INR
~ billion in FY’2018 at a double digit positive CAGR of ~% during FY’2013 –
FY’2018. The PVC Pipes and Fittings market in India has also shown growth in
terms of production capacity and production volume of products. Both organized
and unorganized players have been expanding the capacities and the number of
manufacturing plants for PVC pipes and fittings.
Which Product Contributes the
Most in the PVC Pipes and Fittings Market in India?
By product types available in the market, segmentation of the PVC
pipes and fittings market in India can be done into UPVC (Un-plasticized PVC)
and CPVC (Chlorinated PVC) pipes and fittings. UPVC pipes and fittings are much
more rigid than CPVC pipes and fittings. UPVC is formed when no plasticizers
are added to the PVC. To manufacture CPVC, PVC is chlorinated. CPVC is much
more flexible than UPVC. UPVC has a much wider range of application areas than
CPVC pipes and fittings. UPVC is also priced lower than CPVC products.
Although the revenue share of CPVC products has been growing in the
past few years during FY’2013 – FY’2018, it has been at a very slow pace. UPVC
accounted for a revenue share of ~% in FY’2018 while CPVC had revenue share of
~%. In terms of production volume as well, UPVC pipes and fittings have a much
higher share of ~%. CPVC had a much lower share of ~% in the total production
volume in India PVC pipes and fittings market.
Which Application Has the
Highest Share in the PVC Pipes and Fittings Market in India?
Various end user applications for PVC pipes and fittings include
irrigation, sewerage, water supply and plumbing and borewell application. Of
these, irrigation had the highest revenue share of ~% in the PVC pipes and
fittings market in India. This is because PVC pipes and fittings are widely
used in irrigation systems installed in farms and fields. Although irrigation
had the highest share in FY’2018, its share has been on a decline during
FY’2013 – FY’2018. This is because the share of sewerage has been aggressively
growing over this time period. This was followed by sewerage with a revenue
share of ~% and water supply and plumbing with revenue share of ~% in the
market. Demand from these sectors mainly stems from the growing real estate
sector in India.
These sectors have seen high growth mainly due to the government
investments in these sectors through programs and initiatives such as Housing
for All, PMKSY, PMAY-U and PMAY-G.
Which Market Sector Has the
Higher Share in the PVC Pipes and Fittings Market in India?
The PVC pipes and fittings market in India can be divided into
organized and unorganized sectors. Of
these, the organized sector dominated the market with a revenue share of ~% in
FY’2018. The unorganized sector had a corresponding revenue market share of ~%.
The organized sector has the larger share of the market because
organized manufacturers have wider distribution networks which help them sell
their products in a larger number of regions. These companies also have well
established dealer networks which aid marketing and promotion of their PVC
pipes and fittings products. Additionally, companies in the organized sector of
the market also have much larger production capacities than unorganized
players. They can also alter the volume they produce according to the demand in
the market, which may fluctuate depending on seasons or projects. During
FY’2013 – FY’2018, the share of the organized sector has increased owing to
several factors such as capacity expansion and implementation of GST in India.
Which Region Accounted for
Highest Share in the PVC Pipes and Fittings Market in India?
On the basis of regional sales, the PVC pipes and fittings market in
India can be segmented into South India, North India, West India and East
India. South India had the highest revenue share of ~% followed by North India
with ~%. South India has the highest share due to well established irrigation
systems in agricultural plots and housing units built in South India. North
India had the second highest share due to the large population in this region
which has increased demand for residential spaces. This has led to growth in
demand for PVC pipes and fittings to be used in plumbing and sewerage systems
that have to be installed in these residential spaces.
West India accounted for a revenue share of ~% in the market in
FY’2018 and East India had the lowest share of ~% in the market in FY’2018.
Demand from West India stems mainly from irrigation required in agriculture as
the region suffers from erratic rainfall patterns. East India had the lowest
share because development of industry and housing is not as high as it is in
other regions.
Keywords:-
India HDPE
Pipes Fittings
India PPR
Pipes Fittings
India PPH
Pipes Fittings
India PVC
Pipes Market
India PVC
Pipes Industry
India PVC
Pipes Revenue
India PVC
Pipes Production Capacity
Manufacturing
Process India PVC Pipes
UPVC Pipes
and Fittings Market India
CPVC Pipes
and Fittings Market India
India PVC
Pipes Irrigation
India PVC
Pipes Sewerage System
PVC Pipes and
Fittings Manufacturing Plan India
PVC Pipes
and Fittings Export India
Major PVC
Pipes Manufacturers India
Company Profiles
Players PVC Pipes India
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Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
