According to Allied Market Research, the Indian
PVC Pipes Market size was valued at USD 3,159 million in 2016 and is anticipated to expand at a CAGR of 10.2 percent to reach USD 6,224 million by 2023. Allowing faster flow of water and generating comparatively less friction than pipes made from cast iron or concrete, PVC pipes are lightweight and possess a smooth surface.
If we look at the region wise market’s growth, Asia enjoys the leading position in the global PVC pipes market. The other major regions include Europe, Middle East, North America, Africa, and Latin America. Coming to the Indian PVC Pipes market, the rising awareness of clean water supply in rural areas, increasing focus of government and growing investment in the developing regions of the country are expected to offer the much needed growth opportunities for the market.
PVC Pipes are being extensively used for various purposes, from sewage pipes and drainage solutions, water mains and irrigation, to transportation of drinking water, and manufacturing of the advanced fire-sprinkler systems.
Finding their application across several end-use industries with such mechanical properties, PVC pipes are often used as an alternative for metals, wood, concrete, clay, and other materials.
Benefits of Using PVC Pipes
In comparison to concrete pipes, the production of PVC pipes consumes around four times lesser energy and incurs lower losses of the raw material. Moreover, making it far smaller than the alternative piping materials, complete recyclability of PVC reduces the environmental footprint of these pipes. Hence, owing to their favourable properties such as light-weight, cost-effectiveness, easy installation and durability, PVC pipes have gained popularity across the globe.
Furthermore, robust insulation capabilities of PVC pipes when it concerns heat and electricity have led to their significant usage in electrical fittings. Also, these pipes can withstand rigorous shaking and extreme movement in earthquake-prone zones and do not wear or rust over time. These factors have been continuously replacing other piping materials across the world today. As India has a very competitive market when it concerns PVC Pipes, major players in this space are concentrating on developing new technologies to facilitate the industry with lowest time and low expenditure consuming technologies.
Technological Integration
Resulting into the development of PVC-O (oriented) pipes, the introduction of new technology applying molecular orientation in the PVC pipes is gaining the needed traction in the market than a conventionally produced PVC pipes. This is not only due to the environment-friendliness, cost-effectiveness, but also due to the enhancements in physical and mechanical properties.
Steel, high-density polyethylene and cross-linked polyethylene are the current available substitutes of PVC pipes. Hence, these substitutes are said to deter the market growth, thus posing a major threat to the profitability of the PVC pipes manufacturers.
