The India PVC pipes and fittings market continues to grow and is anticipated to register a double digit CAGR of around 14.7% by revenue during the period FY’2018- FY’2026. Polyvinyl chloride (PVC) is the third largest selling plastic commodity after polyethylene & polypropylene. For its chemical properties, durability, low cost and others, PVC has the advantage of replacing wood, metal, concrete and clay in different applications. They are also corrosion resistant, flame-resistant, and easy to install & handle. Plastic pipes and fitting market is segmented into UPVC, CPVC, HDPE, LDPE, PPE and others. Of these, UPVC has accounted for the highest revenue share, following by HDPE pipes and fittings.
PVC includes both UPVC (unplasticized polyvinyl chloride) and CPVC (chlorinated polyvinyl chloride) pipes and fittings. UPVC pipes and fittings have major demand in the market due to its fair pricing and wider range of applications into sector like irrigation, sewerage, water supply, plumbing and bore-well system. CPVC pipes are used for hot and cold water distribution systems and are significant addition to the bathroom fittings. PE (poly ethylene) includes HDPE and LDPE pipes and fittings. The application areas for these pipes are mainly in municipal and environmental applications and agriculture.
UPVC plumbing system is an easy & economical product for distribution of water in residential, commercial & Industrial buildings with many advantages over the conventional piping system. This plumbing system offers a maintenance free solution for a longer service life. UPVC is beneficial over other materials, owing to its high chemical corrosion resistance, strong and light weight and good insulator. The manufacturers claim UPVC pipes and fittings are made from a non-toxic plastic compound and is absolutely free from lead which makes it environmental friendly or completely safer. These plumbing systems have a shelf life of 50 years and more and are devised in a way that they are resistant to any kind of bacterial growth.
The India pipes and fittings market is fragmented with a large number of players competing in the market. Upsurge in the demand for pipes in the irrigation sector, sanitation and building construction is the major driving factor for India PVC pipes market. With the Government of India now investing in irrigation, housing and sanitation through schemes such as Housing for all and making 100 smart cities, this will open up immense opportunities for the sector. The market poise compelling future opportunities with increasing investment by the government in agricultural projects and welfare of farmers. Schemes and programs such as PMKSY (Pradhan Mantri Krishi Sinchayee Yojana) will increase demand for PVC pipes and keep the industry growth strong over the next five years.
