India PVC Solvent Cement is Expected to Grow at CAGR of over 13% in next 5 years till 2023: Ken Research

• Megha Engineering & Infrastructures (MEIL) has recently initiated Asia’s largest drip irrigation project, consisting of 2,150 kilometers of pipeline in Bhagalkot district in Karnataka
• The government has earmarked INR 5,000 Crore (INR 2,000 Crore during FY2018-19 and INR 3,000 Crore during FY2019-20 as an initial corpus for micro irrigation fund
• Maharashtra government is planning to invest more money into micro-irrigation projects to double agricultural income by 2022.

Growth Prospects in India PVC Solvent Market: India PVC solvent cement market is expected to grow at a robust rate during the forecasted period on the back of strong economic activity, growth in investments in agriculture/irrigation, construction and housing is expected to increase the market revenue in forecasted period. In addition, market will witness overall production capacity expansion as companies in this market will adapt to the growing demand for PVC solvent cement. Also, as more number of companies started entering the market in both organized and unorganized sectors, they will contribute to the rising production capacity of PVC solvent cement in India.

Real Estate Regulation and Development Act: RERA (Real Estate Regulation and Development Act) is likely to affect the market through its impact on the real estate market in India. Construction of real estate units may slow down due to RERA. This will negatively impact the demand for PVC pipes and solvent cement market. This is likely to take effect from FY’2021 when it is completely implemented in all states.

Importance of Product Certifications: The PVC solvent cement market has started to focus on NSF certifications as large customers prefer to procure materials with NSF certification as it guarantees the consistent quality in different batches. Major growth drivers during this later period will be increased sanitation facilities across Tier 2 cities and semi-urban areas. This will be due to increasing population and personal disposable incomes which will augment the growth of number of housing and residential units.

Analysts at Ken Research in their latest publication “India PVC Solvent Cement Market Outlook to 2023- By Type of Product (PVC, UPVC and CPVC Solvent) and By Organised and Unorganized and By Urban and Rural Areas” believe that demand for solvent cement in the country will grow at a positive growth rate owing to growth in investments in agriculture and irrigation sector by government and growth in construction and real estate sector, coupled with growing demand for PVC pipes and fittings in various application in the country.

For more information about the report, refer to below link:
https://www.kenresearch.com/manufacturing-and-construction/machinery-and-parts/solvent-cement-pvc-pipes/169159-97.html

Key Segments Covered

By Type of Product:
• PVC Solvent Cement
• UPVC Solvent Cement
• CPVC Solvent Cement

By Market Structure:
• Organized
• Unorganized

By Region:
• Urban Areas
• Rural Areas

Key Target Audience
• PVC Solvent Cement Manufacturers
• Plastic Pipes and Fittings Manufacturers
• Plastic Resins Manufacturers
• Major Importers of Plastic Pipes and Fittings
• Private Equity Ventures

Time Period Captured in the Report:
FY’2013-FY’2018 – Historical Period
FY’2018-FY’2023 – Future Forecast

Companies Covered:
HP International, Astral Poly Technik Limited (Weld-on and Solvobond), Neoseal, Finolex Industries Limited, Supreme Industries Limited and Others

Related Reports:
https://www.kenresearch.com/manufacturing-and-construction/machinery-and-parts/india-pvc-pipes-fittings-market-research-report/561-97.html

https://www.kenresearch.com/manufacturing-and-construction/machinery-and-parts/india-plastic-pipes-fittings-market-forecast-2026-/154988-97.html

https://www.kenresearch.ae/productsearch.php?searchKey=Europe+Plastic+Pipes+and+Fittings+Market+Outlook+to+2021+-+Growing+Sewage+Sector+and+Construction+Activities+to+Foster+Future+Growth+

https://www.kenresearch.com/manufacturing-and-construction/machinery-and-parts/uk-pvc-pipe-market/142295-97.html

Contact Us:
Ankur Gupta
Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

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