PVC pipes and fittings market in India has witnessed constant incline in terms of volume of PVC pipes and fittings produced, year on year. The industry has grown at a CAGR of 9.7% over the period FY’2010-FY’2015.
This is due to the underutilization of capacity of the plant due to instability of raw materials, volatility in raw material prices and changes in rainfall patterns in the country. The major PVC pipes and fittings manufacturing companies in India have flexible production facilities which assist them to keep their production volumes in line with the demand in the market, thus reducing the impact of economic and seasonal changes. Their manufacturing facilities enable them to produce a wide range of products with different specifications to meet specific demand of the customers.
The Indian PVC pipes and fittings industry is bifurcated into irrigation, water supply, sewerage, plumbing, chemical and oil and others on the basis of its applications. Expanding population leading to an increase in the demand for agricultural products and increasing water sanitary management have created substantial demand for PVC pipes and fittings in agriculture, infrastructure, real estate and construction sectors across the nation, over the years. Additionally, continuous advancements in polymer technology, processing equipments, expertise and cost effective manufacturing has fast replaced the conventional materials with PVC in piping industry in India.
The competition in the industry is primarily confined between top 5 players in the organized space and several small scale players operating in the unorganized space. The leading players in the organized market of PVC pipes and fittings in the country 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 among others. The market share of these key players depends largely on their diverse product portfolio and value added services offered to the end users.
The exports of PVC pipes and fittings in India have witnessed healthy traction in terms of growth as observed over the past few years. India continues to maintain its leading position as the net exporter of PVC pipes and fittings across the world. The availability of cheap labor and low processing costs has made India a manufacturing hub for PVC pipes and fittings with several multinationals setting up their manufacturing facilities in the country. The export market for PVC pipes in India has grown considerably over the years due to the country’s competence in low cost manufacturing and technically trained manpower.
For more information on the market research report please refer to the below mentioned link:
Ankur Gupta, Head Marketing & Communications