GURUGRAM, India, September 3, 2018 /PRNewswire/ --
Key Takeaway from Ken Research report titled IndiaPlastic Pipes and Fitting Market Forecast to 2026
Increasing government investment in agriculture and related activities will augment the growth in PVC pipes and fittings market in India.
The rise in population will lead to growth will be a major contributor to the PVC pipes and fittings market in India through increase in demand for housing.
Growing problems of water shortage will also lead to increase in demand for PVC pipes and fittings.
The market for plastic pipes and fittings in India is in its growth stage, growing at double digit CAGR during FY'2013 - FY'2018. 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 irrigation systems to be installed in farms and fields. This will lead to increase in PVC pipes and fittings which are used in installation of such systems. It has also been anticipated that both urban and rural areas in India are likely to suffer from water shortage problems due to erratic rainfall patterns and decreasing natural sources of water. This will lead to the construction of more borewells across the country to draw groundwater. The rising prices of PVC resin which is the main raw material in manufacturing of PVC pipes and fittings is likely to act as a growth restraint in the market.
India PVC pipes and fittings market is expected to register a positive double digit CAGR of around 14.7% by revenue during the period FY'2018 - FY'2026. Increasing implementation and reach of government programs and marketing strategies used by players in the PVC pipes and fittings market are expected to have a positive effect on the overall revenue of the India PVC pipes and fittings market.
India Plastic Pipes and Fittings Market
India HDPE Pipes Fittings
India LDPE 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
India PVC Pipes Production Volume
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
India PVC Pipes Water Supply and Plumbing
India PVC Pipes Borewell Application
India Organized PVC Pipes Market
PVC Pipes and Fittings Market Potential
PVC Pipes and Fittings Manufacturing Plan India
PVC Pipes and Fittings Export India
Trends PVC Pipes Fittings Market India
Challenges PVC Pipes Fittings Market India
Major PVC Pipes Manufacturers India
Competitive Landscape PVC Pipes Fittings Market India
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