Indian Plastic Pipe Market is anticipated to grow at a CAGR of 11.1% during 2021-2027
The global Indian plastic pipe market is projected to reach $10.9 billion by 2027, at a CAGR of 11.1% during 2021-2027. The growth of Indian plastic pipe market is driven by growth of government infrastructural spending, increasing residential and commercial construction, industrial production, irrigation sector, and replacement of aging pipelines.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the Indian plastic pipe market by material [PVC (Poly Vinyl Chloride) pipes, PE (Poly Ethylene) pipes, PP (Poly Propylene) pipes, and others] and application (potable water supply, wastewater supply, electrical and telecommunication cable protection pipes, agriculture sector, chemical sector, and oil and gas sector)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the Indian plastic pipe market?
Q.4 What are some changing demands of customers in the Indian plastic pipe market?
Q.5 What are the new developments in the Indian plastic pipe market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this Indian plastic pipe area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this Indian plastic pipe market?
Emerging trends, which have a direct impact on the dynamics of the industry, include usage of anti-microbial plastic pipes to improve hygiene, consumption of CPVC piping systems in various applications of plastic pipes, and increasing consumption of multilayer plastic pipes in gas distribution.
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Market Segmentation:
Based on material, the Indian plastic pipe market is segmented into PVC (Poly Vinyl Chloride) pipes, PE (Poly Ethylene) pipes, PP (Poly Propylene) pipes, and others. The PVC pipes segment accounted for the largest share of the market in 2021 and is expected to register the highest CAGR during the forecast period, due to growing demand in the potable water, wastewater supply and agriculture sector.
Key Players in the Indian plastic pipe market are Supreme Industries Ltd., Finolex Industries Ltd., Astral Poly Technik Ltd, Jain Irrigation Systems Limited, and Prince Pipes & Fittings Private Limited.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
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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.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
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