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. The Indian plastic pipe market 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, irrigation sector, and
replacement of aging pipelines.
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.
Within the Indian plastic pipe market, 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.
For market expansion, the report suggests new
product development, where the unique characteristics of plastic can be
capitalized. 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, and Prince Pipes and
Fitting Private Limited are among the major manufacturers of the
Indian plastic pipe.
Lucintel, a
leading global strategic consulting and market
research firm, has analyzed growth opportunities in the Indian plastic pipe
market by end use application and material
and has come up with a comprehensive research report, “Growth
Opportunities in the Indian Plastic Pipe Market 2016-2021: Trends, Forecast and
Opportunity Analysis.” The
Lucintel report serves as a spring board 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 end use application and material as follows:
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
By material (Volume (Million Tons) and Value $
Million from 2010 to 2021):
·
PVC Pipe
·
PE Pipe
·
PP Pipe
·
Other Pipe
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 helpdesk@lucintel.com. Lucintel offerings include Construction Market Report, Construction Reports, Capital Investment Analysis, Strategic Growth Consulting and Due Diligence.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
This report answers following 10 key
questions:
Q. 1. What are some of the most
promising, high-growth opportunities for Indian plastic pipe market by material
and end use application?
Q. 2. Which product /segments will
grow at a faster pace and why?
Q.3. What are the key factors
affecting market dynamics? What are the drivers and challenges of the market?
Q.4. What are the business risks and
threats of this market?
Q.5.
What are the emerging trends in this market and reasons behind them?
Q.6.
What are some changing demands of customers in the market?
Q.7. What are the new developments in
the market? Which companies are leading these developments?
Q.8. Who are the major players in this
market? What strategic initiatives are being implemented by key players for
business growth?
Q.9. How is the competitive rivalry
and threat of substitution in this market?
Q.10. What are M&A activities in
the last 5 years in this market? What reasons to these activities and how have they impacted the
market?
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