The India Poly Vinyl Chloride (PVC) market has reached approximately 3.1 million tonnes in FY2022 and is anticipated to grow at a healthy CAGR of 7.11% by FY2032. The high demand for PVC for manufacturing pipes & fittings for major applications in the agriculture sector is the primary driver for its market in the forecast period.
Polyvinyl Chloride comes under the category of synthetic polymers and is a part of the vinyl chain. These polymers are highly desired in various industries owing to their non-flammability, ease of processing and molding, and superior durability. Based on type, the Poly Vinyl Chloride (PVC) market is segregated into Suspension Polymerization and Emulsion Polymerization. Among these, Suspension Polymerization has been the leading segment and captured about 90% of the market in FY2022.
PVC is majorly used for manufacturing pipes that hold a considerable amount of the overall demand for PVC in the country as these pipes are products extensively used in the production of water distribution and underground irrigation pipes. Government policies for improvisation in facilities for piped water supply in rural areas have given a much-needed push in the demand for PVC in the domestic market. Another large percentage of PVC demand comes from the construction industry where it is utilized in the manufacturing of profiles, films, and insulation. The rising urbanization across the nation has provided a boost to the food and beverage industry and thus increased the utilization of flexible packaging using PVC to assure the complete safety of the packaged products. The demand for PVC in the packaging sector is likely to further propel in the coming years. The Poly Vinyl Chloride (PVC) market volume is estimated to reach approximately 6.1 million tonnes by FY2032.
Based on region, the India PVC Market is segregated into North, South, East, and West. As of FY2022, West India has been dominating the market and consumed approximately 42% of the PVC. With major plasticizer and polymer manufacturers present in the states like Gujarat, Rajasthan, and Maharashtra, West India has been the leader in terms of consuming Poly Vinyl Chloride. The western region is expected to dominate the market through FY2032, owing to the uplift in demand for PVC for numerous applications coupled with the growing population.
Based on end-use, the India Poly Vinyl Chloride (PVC) market is bifurcated into Pipes & Fittings, Calendering (Films & Sheets), Profiles, Wires & Cables, Footwear, and Others. Among these, Pipes & Fittings is the leading consumer of PVC in India and held roughly 72% of the PVC market in FY2022. Due to the nation's expanding agricultural industry, emphasis on the usage of sprinklers for irrigation, and the Indian government's ongoing efforts to improve water transportation, PVC pipes are expected to become more prevalent in the near future. Furthermore, due to its insulating nature, PVC is widely used for coating cables.
Major players in the India Poly Vinyl Chloride (PVC) market are Reliance Industries Limited, Finolex Industries Limited, Chemplast Sanmar Limited, DCW Limited, and DCM Shriram Limited. Other major global players fulfilling the PVC demand in India via exports are Formosa Plastics Corporation, Kaneka Chemicals (Mitsui Chemicals), LG Chem, China General Plastics Corporation, and Others.
Years considered for this report:
Historical Period: FY2015-FY2022
Base Year: FY2022
Estimated Year: FY2023
Forecast Period: FY2024- FY2032
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Objective of the Study:
• To assess the demand-supply scenario of Poly Vinyl Chloride (PVC) which covers production, demand and supply of Poly Vinyl Chloride (PVC) market in India.
• To analyse and forecast the market size of Poly Vinyl Chloride (PVC) in India.
• To classify and forecast India Poly Vinyl Chloride (PVC) market based on end-use and regional distribution.
• To examine competitive developments such as expansions, green field projects/ brown field expansions. mergers & acquisitions, etc., of Poly Vinyl Chloride (PVC) market in India.
To extract data for India Poly Vinyl Chloride (PVC) market, primary research surveys were conducted with Poly Vinyl Chloride (PVC) manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for India Poly Vinyl Chloride (PVC) market over the coming years.
ChemAnalyst calculated Poly Vinyl Chloride (PVC) demand in India by analyzing the historical data and demand forecast which was carried out considering the imports and domestic production coupled with demand from end user industry. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data / import data of Poly Vinyl Chloride (PVC) to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Poly Vinyl Chloride (PVC) manufacturers and other stakeholders
• Organizations, forums and alliances related to Poly Vinyl Chloride (PVC) distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Poly Vinyl Chloride (PVC) manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, India Poly Vinyl Chloride (PVC) market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
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Details
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Market size Volume in FY2022
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3.1 million tonnes
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Market size Volume by FY2032
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6.1 million tonnes
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Growth Rate
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CAGR of 7.11% from FY2023 to FY2032
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Base year for estimation
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FY2023
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Historic Data
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FY2015 – FY2022
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Forecast period
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FY2024 – FY2032
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Quantitative units
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Demand in million tonnes and CAGR from FY2023 to FY2032
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Report coverage
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Industry Market Size, Capacity By Company, Capacity by Location, Capacity by Process, Capacity by Technology, Operating Efficiency, Production by Company, Demand by Type, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Foreign Trade
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Segments covered
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By End-Use: [Pipes & Fittings, Calendering (Films & Sheets), Profiles, Wires & Cables, Footwear, and Others]
By Sales Channel: (Direct Sale and Indirect Sale)
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Regional scope
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North India, South India, East India, West India
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Pricing and purchase options
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Available Customizations:
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
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