GURUGRAM, India, September 3, 2018 /PRNewswire/ --
Key Takeaway from Ken Research report titled India Plastic 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.
According to a publication by Ken Research titled, "India Plastic Pipes and Fittings Market Forecast to 2026 - By PVC Pipes (UPVC and CPVC Pipes), by Applications (Irrigation, Sewerage, Water Supply and Plumbing and Borewell Application), by Organized and Unorganized Sector and by Regions", investing in marketing and promotions of their products through dealer networks, advertising and outdoor promotions and including the Eastern region of India in product manufacturing and sales can aid the companies in PVC pipes and fittings market in India.
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
- Company Profiles Players PVC Pipes India
- India PVC pipes and Fittings Future
For more detail, refer to below link:
- CPVC Pipes
- UPVC Pipes
- HDPE Pipes
- LDPE Pipes
- PPR Pipes
- PPH Pipes
- Plastic Pipes
- PVDF Pipes (Polyvinylidene Flouride)
- PB (Poly Butylene) Pipes
- ABS (Acrylonitrile-Butadiene-Styrene) Pipes
- Water Supply
- Borewell Application
- Finolex Industries Limited
- Ashirvad Pipes Private Limited
- Supreme Industries Limited
- Astral Poly Technik Limited
- Prince Pipes and Fittings Private Limited
- Jain Irrigation Systems Limited
- jay Pipes (Ajay Industrial Corporation Limited)
- Kisan Mouldings Limited
- Captain Pipes Limited
- Dutron Polymers Limited
- Kankai Pipes and Fittings Private Limited
- Miraj Pipes and Fittings Private Limited
- Texmo Pipes and Products Limited
- Apollo Pipes Limited
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Ankur Gupta, Head Marketing
SOURCE Ken Research