According to ChemAnalyst report, “India Poly Vinyl Chloride (PVC) Market Analysis: Plant Capacity, Production, Process, Technology, Operating Efficiency, Demand & Supply, Type, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, FY2015-FY2032”, The India Poly Vinyl Chloride (PVC) Market is likely to reach approximately 6.1 million tonnes by FY2032, at a steady CAGR of 7.11% during the forecasted period. The end-use industries Pipes & Fittings, Calendering (Films & Sheets), Profiles, Wires & Cables, and Footwear are anticipated to grow the India Poly Vinyl Chloride (PVC) Market in the upcoming years.
Poly Vinyl Chloride (PVC) is a thermoplastic polymer with chemical formula (C2H3Cl)n. PVC This polymer is synthesized by polymerization of vinyl chloride monomer. PVC possesses properties such as non-flammability, ease of processing, and superior durability due to which it is employed in various industries. It is suitable for use in short-term applications such specialized packaging due to its great clarity and outstanding organoleptic nature. PVC finds applications in a wide array of industries such as electronics, agriculture, plastic manufacturing, and general-use goods. PVC has a wide range of uses, including windowpanes, drainage systems, water service pipelines, medical equipment, pouches for storing blood, wire insulation, durable flooring, roofing membranes, stationary, automobiles interiors and seat coverings, apparel and footwear, packaging, credit cards, vinyl records, etc.
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PVC is primarily utilised to make pipes, which account for a sizeable portion of the nation’s total demand for PVC as these pipes are extensively employed to make underground irrigation and water distribution pipes. Government initiatives to improve the infrastructure for piped water supply in rural regions have provided the home market’s demand for PVC a much-needed boost. The construction sector accounts for a sizable portion of the demand for PVC, which is used to make insulation, films, and profiles. Furthermore, the expanding use of flexible packaging made of PVC in the food & beverage sector in order to ensure the entire safety of the packed goods also favours the market growth. Moreover, the growing demand for PVC to manufacture electric vehicles is a fresh addition that favours the PVC market expansion in India.
The India Poly Vinyl Chloride (PVC) Market is segmented based on end-use, sales channel, and region. 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.
India Poly Vinyl Chloride (PVC) market is segregated into four regions based on regional consumption: West, South, North, and South. 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.
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“India Poly Vinyl Chloride (PVC) Market Analysis: Plant Capacity, Production, Process, Technology, Operating Efficiency, Demand & Supply, Type, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, FY2015-FY2032” 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.
“PVC is a versatile thermoset polymer with applications in various down-stream industries such as Pipes & Fittings, Calendering (Films & Sheets), Profiles, Wires & Cables, Footwear, and Others. The rapidly surging demand for Poly Vinyl Chloride (PVC) to manufacture pipes & fittings with applications in the agriculture sector is the major pillar of the market in India. Owing to the rapid growing population in the nation, the demand for pipes & irrigation sprinklers is susceptible to rise for usage in the agriculture sector which will most likely favour PVC market expansion in the forecast period. ”Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.
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