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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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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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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Growth drivers for the Sector: Irrigation
-Biggest end user for plastic pipes with 45-50% share.
-Huge government focus with several schemes.
-Almost 50% arable land still not irritated .
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Growth drivers for the Sector:Water Supply and Sanitation (WSS)and Plumbing
-Second largest end user segment for pipes with 35-40% share.
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Growth drivers for the Sector:Real Estate
Huge opportunity in
-Urbanisation
-Growth in tier2 and tier3 cities.
-Affordable Housing
-Government schemes
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Growth drivers for the Sector:Substitutionand Replacement demand and Industry consolidation
-Organised players gaining market share at the cost of regional players with weak balance sheets.
-Replacement of old pipes and rising demand of cpvc pipes.
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Top Players in the Industry
#AstralPoly
#PrincePipes
#ApolloPipes
#Finolex
#SupremeIndustries
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