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#AstralPoly Technik Ltd
Incorporated in 1996, Astral is one of the fastest-growing piping companies in India. The company operates in four verticals—Pipes & Fittings, Adhesives & Sealants, Infrastructure, and Water Tanks.
#AstralPoly Technik Ltd
Incorporated in 1996, Astral is one of the fastest-growing piping companies in India. The company operates in four verticals—Pipes & Fittings, Adhesives & Sealants, Infrastructure, and Water Tanks.
It is the first company to introduce CPVC pipes in the country. Astral has six pipe manufacturing facilities and two units under construction. It has one water tank manufacturing facility under construction apart from two operational facilities. Post Covid-19,
the industry is likely to consolidate more which should benefit top players like Astral to increase market share. The government of India's spending under various schemes such as Atmanirbhar Bharat, Nal-Se-Jal, low-cost housing scheme,
Indian Plastic Pipes and Fittings Industry: A Huge multiyear growth opportunity 📈
-Industry to grow at 12-14%. CAGR over next few years.
-Organised segment accounts for 60-65% market share.
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-Industry to grow at 12-14%. CAGR over next few years.
-Organised segment accounts for 60-65% market share.
(1/8)
Major Growth Drivers-
-Government focus
-Increase in India's per capita plastic consumption.
-Substitution and replacement demand.
- Consolidation in pipes industry.
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-Government focus
-Increase in India's per capita plastic consumption.
-Substitution and replacement demand.
- Consolidation in pipes industry.
(2/8)
Types of polymers and applications 👇
-Unplasticised Polyvinyl Chloride (UPVC)
- Chlorinated Polyvinyl Chloride (CPVC)
-High-density Polyethylene (HDPE)
-Polypropylene Random (PPR)
-Composite Pipe
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-Unplasticised Polyvinyl Chloride (UPVC)
- Chlorinated Polyvinyl Chloride (CPVC)
-High-density Polyethylene (HDPE)
-Polypropylene Random (PPR)
-Composite Pipe
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