According to a new market report published by Lucintel, the future of the Indian plastic pipe market looks attractive with opportunities in the potable water supply, wastewater supply, agriculture, and chemical sector pipe. The Indian plastic pipe market is expected to reach an estimated $5.6 billion by 2021 and is forecast to grow at a CAGR of 10.4% from 2016 to 2021. The major growth drivers for this market are the growth of government infrastructural spending, increasing residential and commercial construction, industrial production, growth of the irrigation sector, and replacement of aging pipelines.
Browse 19 market data tables and 63 figures spread through 140 pages and in-depth TOC on “Global Indian Plastic Pipe Market"
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In this market, polyvinyl chloride, polyethylene, and polypropylene are the major raw materials used to manufacture pipe. Lucintel predicts that the demand for PVC (polyvinyl chloride) plastic pipes is likely to experience the highest growth in the forecast period, supported by growing demand in the potable water, wastewater supply and agriculture sector. On the basis of its comprehensive research, Lucintel forecasts that the agriculture and wastewater applications are expected to show above average growth during the forecast period.
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Within the Indian plastic pipe market, the agriculture sector is expected to remain the largest application. The growth of residential and commercial construction and the growth in infrastructure development especially in the agriculture sector in India are expected to spur growth for this segment over the forecast period.
By material type, the largest segment is expected to continue to be the PVC pipe segment. Accelerometer and gyroscope are expected to show strong growth during the forecast period due to increasing demand in wastewater application.
For market expansion, the report suggests new product development, which can capitalize on the unique characteristics of plastic. Emerging trends which have a direct impact on the dynamics of the market are the usage of anti-microbial plastic pipes to improve hygiene, consumption of CPVC (chlorinated polyvinyl chloride) piping system in various applications of plastic pipes, and increasing consumption of multilayer plastic pipe in gas distribution in the Indian plastic pipe market. Supreme Industries Ltd., Finolex Industries Ltd., Astral Poly Technik Ltd., Jain Irrigation Systems Limited, Prince Pipes, and Fitting Private Limited are among the major manufacturers of the Indian plastic pipe.
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Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the Indian plastic pipe market by material type, and application type, and has compiled a comprehensive research report entitled “Growth Opportunities in the Indian Plastic Pipe Market 2016-2021: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a springboard for growth strategy, as it provides a comprehensive data and analysis on trends, key drivers, and directions.
The study includes a forecast for the growth opportunities in the Indian plastic pipe market by material type and application type as follows:
Indian plastic pipe market by end use application (Value $ Million from 2010 to 2021)
Potable Water Supply
Wastewater Supply
Electrical and Telecommunication Cable Protection Pipes
Agriculture Sector
Chemical Sector
Oil & Gas Sector
Indian plastic pipe market by material (Volume (Million Tons) and Value $ Million from 2010 to 2021):
PVC Pipe
PE Pipe
PP Pipe
Other Pipe
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This 140-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link http://www.lucintel.com/toc/indian_plastic_pipe_market_2016_2021.aspx or helpdesk@lucintel.com
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