The usage of plastic pipes is done majorly and it is considered the most prominent raw material in the building and construction across the globe whereas, in India pipes, are one of the most effective parts which are made by expulsion and it has a huge range of applications, especially in the automotive industry and buildings. In terms of revenue generated and which affect the GDP of the Indian economy the plastic pipe is one of the most valuable products of the chemical industry whereas, on the basis of geography over 50.0% of the plastic pipes manufactured is used in construction. As this is a building material, plastic pipes are easy to assemble and very much reasonable. According to the report analysis, ‘Pipe and Valve Market Forecast’ states that the usage of plastic pipes is commonly done as the insulation on electric wires moreover, the recycling or plastic pipes can be performed in numerous ways. In addition, the key players of this are doing the effective job which could totally transform the efficiency and status of Indian pipe and valve industry.
On the basis of end-user application, the Indian plastic market is split differently in the pipe and valve industry which includes wastewater supply, chemical sector, oil and gas sector, agriculture sector, electrical and telecommunication cable protection pipes, potable water supply and several others whereas, the agriculture and oil & gas sector is dominating the usage of plastic pipes in India more significantly. Moreover, a simultaneous increase in the residential and commercial construction and rise in the infrastructure advancement especially in the agriculture segment in India are expected to stimulus rise for this sector over the near future. According to the report analysis, ‘Pipe And Valve Industry Overview’ states that as the government is playing the effective role in the development of the nation with the increased focus on the rural water management supports the demand of plastics pipes in India will grow more significantly. Hence, the major growth drivers of this market are the growth of governmental infrastructural spending, industrial production, increasing residential and commercial construction, substitution of aging pipelines and irrigation sector. Furthermore, the high flexibility and extensive adaptability of plastic pipes have been the major cause which is charging up the supply of plastic pipes and make the Indian pipe and valve market more successful.
Finolex Industries Ltd., Supreme industries Ltd., Jain Irrigation Systems Limited, Astral Poly Technik Ltd., Prince and pipes and Fitting Private Limited and several other are the major key players of the plastic pipes in India, pipe and valve industry. Moreover, Indian companies are investing more for enhancing the durability and accessibility which rise the demand for the plastic pipes and will lead the market grew more significantly which will be further helpful for acquiring the major share in the Indian pipe and valve market across the globe. Moreover, the key player is benefitted with the mergers and acquisitions and joint ventures for enlarging their business around the world. Therefore, in the coming years, it is anticipated that India’s Pipe and Valve Market will grow more significantly with the extensive integration of plastic pipes in the agriculture and construction sector over the decades.
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Ankur Gupta, head marketing & communications