India PVC Solvent Cement Market Outlook to 2023
By PVC, UPVC and CPVC Solvent Cement; By Organized and Unorganized and By Urban and Rural Areas
December 2018
70
About the Report
About the Report
Most companies in the PVC solvent cement companies in India were established in late 1900s. These are the companies which dominate the PVC plastic pipe market in the present scenario and have started manufacturing solvent or procured it from local and regional manufactures and rebranding and marketing it under their own brand name. As PVC pipes and fittings demand grew in India and was preferred more for certain application as compared to conventional pipe materials (such as steel, metal and concrete), the demand for solvent cement also grew over the years. India PVC solvent cement market has been growing due to several factors such as government policies encouraging construction of housing units, commercial spaces and development in the agriculture sector.
By Type of Product: As of FY’2018, the PVC solvent cement accounted for the highest share in terms of revenue owing to PVC pipes being majorly used in the water supply and drainage & sewage in India and generally the diameter of these pipes are large which tends to increase the amount of solvent cement being used in these application. UPVC and CPVC solvent cement are used in applications where UPVC and CPVC pipes are installed, and have higher proportion in urban areas where residential and building projects are more and are these are generally used in plumbing segment (hot and cold water applications)
By Market Structure: There are large numbers of players operating in the market. Organised players have a strong hold in the market owing to their brand value, consistent product quality, and wider distribution base. They are able to attract industrial customers as they are regarded as experts in this field and are able to help the industrial buyers in choosing the correct product for their applications. Unorganized players have limited distribution base and are more inclined towards customers who are looking at low cost products. These manufactures target the lower segment of the market where the demand volume is low and the end user is willing to procure PVC solvent cement at least possible cost. The products of unorganized players would not carry NSF certification and does not provide guarantee on the quality of the sealant
By Region: Generally in urban areas, UPVC and CPVC solvent cement would have higher proportion in the overall demand for solvent cement in the market as UPVC and CPVC applications are more in residential and building sector such as for hot and cold applications. Rural region is more inclined towards irrigation and other forms of agriculture which results in higher installation base for PVC pipe and fittings as these pipes are used for water supply, drainage and sewage applications.
The competition in India solvent cement market has grown over the years, with new companies entering the market. There are large numbers of companies established in organized as well as unorganized sector. Organized sector dominated the market due to increased awareness of end users for organized brands whereas smaller companies cannot have installed production capacities as large as the organized sector companies do and therefore are not able to capture a significant share in the market. Owing to attractive product margins in PVC solvent cement compared to plastic pipe, the market could witness entrance of many plastic pipe manufacturers and expansion in production capacity, new technological trends and many other variables which will result in higher competition in the market and resultant growth in market revenue. The major players in the organized PVC solvent cement in India include HP International, Astral Poly Technik Limited (Weld-on and Solvobond), Neoseal, Finolex Industries Limited, Supreme Industries Limited, Ashirvad Pipes Private Limited and Jain Irrigation Systems Limited. Other companies in the market are Prince Pipes and Fittings Private Limited, Ajay Pipes (Ajay Industrial Corporation Limited), Kisan Group, Shiv shakti Industries, Shreeji Chemical Industries, Shree Jay Khodiyar Sales Corporation.
India PVC Solvent Cement Market is projected to increase significantly in the forecasted period, FY’2018-FY’2023. The PVC solvent cement market has started to focus on NSF and other prevalent certifications as large customers prefer to procure materials with product certification as it guarantees the consistent quality of product in different batches. With government focusing heavily on investment in farm activities, it is very likely that irrigation network for agricultural lands increases all across the country. Since these systems mainly use PVC pipes and fittings, demand for PVC solvent cement will grow. Production capacity will expand as companies in this market adapt to the growing demand for PVC solvent cement.
By Type of Product:
PVC Solvent Cement
UPVC Solvent Cement
CPVC Solvent Cement
By Market Structure:
Organized
Unorganized
By Region:
Urban Areas
Rural Areas
PVC Solvent Cement Manufacturers
Plastic Pipes and Fittings Manufacturers
Plastic Resins Manufacturers
Major Importers of Plastic Pipes and Fittings
Private Equity Ventures
FY’2013-FY’2018 - Historical Period
FY’2019-FY’2023 - Future Forecast
HP International, Astral Poly Technik Limited (Weld-on and Solvobond), Neoseal, Finolex Industries Limited, Supreme Industries Limited and Others
Introduction on India PVC Plastic Pipes and Fittings Market
Introduction on India PVC Solvent Cement Market
Value Chain of India PVC Solvent Cement Market
Market Size by revenue (FY’2012-FY’2017)
Market Segmentation on the Basis of Types of Product, Type of Market Structure, Type of Major Regions
Competitive Landscape in the Industry
Strengths and Weakness of Major Players in the Market
Estimated Revenue and Company Profiles of Major Players in the Market
Growth Drivers
Issues and Challenges
Future Outlook for the market and segmentation (FY’2018-FY’20223)
Analyst Recommendations
Products
Products
By Type of Product (PVC Solvent Cement, UPVC Solvent Cement and CPVC Solvent Cement), By Market Structure (Organized and Unorganized) and By Region (Urban Areas and Rural Areas)
Companies
HP International, Astral Poly Technik Limited (Weld-on and Solvobond), Neoseal, Finolex Industries Limited, Supreme Industries Limited and Others
Table of Contents
Table of Contents
1. Executive Summary
India PVC Solvent Cement Market Overview
India PVC Solvent Cement Market Size
Growth Drivers and Restraints in India PVC Solvent Cement Market
Competitive Landscape of Major Players in India PVC Solvent Cement Market
India PVC Pipes and Fittings Market Future Outlook
India PVC Solvent Cement Market Future Outlook
2. Research Methodology
2.1. Market Definitions
2.2. Abbreviations
2.3. Market Sizing and Modeling
Research Methodology
Approach - Market Sizing
Limitations
Variables (Dependent And Independent)
Multi Factor Based Sensitivity Model
Final Conclusion
3. India PVC Pipes and Fittings Market
3.1. India PVC Pipes and Fittings Market Overview
4. India PVC Solvent Cement Market
4.1. India PVC Solvent Cement Market Overview
4.2. Value Chain Analysis for PVC Solvent Cement Market in India
Dealer Network
4.3. India PVC Solvent Cement, FY’2013 – FY’2018
4.4. India PVC Solvent Cement Market Segmentation
4.4.1. By Type of Product (PVC Solvent, CPVC Solvent and UPVC Solvent), FY’2018
4.4.2. By Type of Market Structure (Organized and Unorganized Sector), FY’2018
4.4.3. By Region (Urban Areas and Rural Areas), FY’2018
5. Growth Drivers in India PVC Solvent Market
New Upcoming Irrigation Projects
Rising Investment in Real Estate
Increasing Focus of Government towards Water Management
6. Issues and Challenges in India PVC Solvent Cement Market
Inconsistent Product Quality
Fluctuating Prices of PVC Resin
Foreign Exchange Risk
Introduction of Real Estate (Regulation and Development) Act, 2016 Affecting Real Estate Sector
Warning Signs to be put on PVC Products
7. Competitive Landscape of India PVC Solvent Cement Market
8. Company Profiles of Few Major Players in India PVC Solvent Cement Market
8.1. Astral Poly Technik Limited
8.2. Finolex Industries Limited
8.3. HP International
8.4. Supreme Industries Limited
8.5. Neoseal Adhesives Pvt. Ltd.
8.6. Other Prominent Players in the India PVC Solvent Cement Market
9. India PVC Solvent Cement Market Future Outlook and Projections, FY’2023E
9.1. India PVC Solvent Cement, FY’2023E
9.2. India PVC Solvent Cement Market Segmentation
9.2.1. By Type of Product (PVC Solvent, CPVC Solvent and UPVC Solvent), FY’2023E
9.2.2. By Type of Market Structure (Organized and Unorganized Sector), FY’2023E
9.2.3. By Region (Urban Areas and Rural Areas), FY’2023E
10. Analyst Recommendations
Disclaimer
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List of Figure
Figure 1-1: India PVC Solvent Cement Market Structure, FY’2018
Figure 3-1: Business Cycle Graph for India PVC Pipes and Fittings Market
Figure 4-1: Value Chain in the PVC Solvent Cement Market in India
Figure 4-2: India PVC Solvent Cement Market Size on the Basis of Revenue in INR Crores and Growth Rate in Percentage (%), FY’2013 – FY’2018
Figure 4-3: India PVC Solvent Cement Market Size on the Basis of Product Type (PVC Solvent, CPVC Solvent and UPVC Solvent) on the Basis of Percentage (%), FY’2018
Figure 4-4: India PVC Solvent Cement Market Size on the Basis of Market Structure (Organised and Unorganized) in Percentage (%), FY’2018
Figure 4-5: India PVC Solvent Cement Market Size on the Basis of Region (Urban and Rural Areas) in Percentage (%), FY’2018
Figure 5-1: State-Wise Potential for Micro Irrigation in India in Percentage (%), FY’2017-18
Figure 6-1: USD to INR Exchange Rate, FY'2013 - FY'2018
Figure 9-1: India PVC Solvent Cement Market Future Projections on the Basis of ForecastedRevenue in INR Crores and Growth Rate in Percentage (%), FY’2018 – FY’2023E
Figure 9-2: India PVC Solvent Cement Market Size on the Basis of Product Type (PVC Solvent, CPVC Solvent and UPVC Solvent) on the Basis of Percentage (%), FY’2023E
Figure 9-3: India PVC Solvent Cement Market Size on the Basis of Market Structure (Organised and Unorganized) in Percentage (%), FY’2023E
Figure 9-4: India PVC Solvent Cement Market Size on the Basis of Region (Urban and Rural Areas) in Percentage (%), FY’2023E
List of Table
Table 2-1: Correlation Matrix of India PVC Solvent Cement Market
Table 2-2: Regression Coefficient Output for India PVC Solvent Cement Market
Table 3-1: Overview of the PVC Pipes and Fittings Market in India including Genesis, Market Stage, Market Size and Companies and End User Segments
Table 4-1: Overview of the PVC Solvent Cement Market in India including Genesis, Market Stage, Market Size and Companies and Region Segments
Table 4-2: Value Chain Analysis for PVC Solvent Cement Market in India
Table 4-3: Dealer Network in PVC Solvent Cement Market in India
Table 4-4: Rationale and Description for India PVC Solvent Cement Market Size on the Basis of Revenue, FY’2013 – FY’2018
Table 4-5: Rationale and Description for India PVC Solvent Cement Market Segmentation on the Basis of Product Type (PVC Solvent, CPVC Solvent and UPVC Solvent) in INR Crore, FY'2018
Table 4-6: India PVC Solvent Cement Market Size on the Basis of Market Structure (Organised and Unorganized) in INR Crores, FY’2018
Table 4-7: India PVC Solvent Cement Market Size on the Basis of Region (Urban and Rural) in INR Crores, FY’2018
Table 5-1: State-Wise Potential for Micro Irrigation in India in Mn Hectares, FY’2017-18
Table 5-2: Recent Announcements in Micro Irrigation Sector in India
Table 5-3: Number of Units Launched and Investment Size under Affordable Housing Initiative of the Government, FY’2018
Table 6-1: Prices of PVC Resin in INR/KG, FY'2013 - FY'2018
Table 7-1: Competitive Overview of India PVC Solvent Cement, FY’2018
Table 7-2: Strengths and Weaknesses of Some Major Companies in the PVC Solvent Cement Market in India
Table 8-1: Company Profile of Astral Poly Technik Limited including Company Overview, Products, Regional Presence, Key Executives, Estimated Revenue and Market Share, Number of Employees, Best Selling Product, Promotion Strategies, Acquisitions and Future Plans
Table 8-2: Major Products of Astral Adhesives (Astral Poly Technik) Including Product Name, Packing Unit Size and Description
Table 8-3: Company Profile of Finolex Industries Limited including Company Overview, Regional Presence, Key Executives, Revenue, Number of Employees, Best Selling Product, Business Strategies, Promotion Strategies and Future Plans
Table 8-4: Product Portfolio of Finolex Industries Limited Including Brand, Application and Standards
Table 8-5: Company Profile of HP International including Company Overview, Regional Presence, Key Executives, Estimated Revenue and Market Share, Number of Employees, Best Selling Product with Dimension, Promotion Strategies, Strengths, Weaknesses, Client Base, Recent Developments, Acquisitions and Future Plans
Table 8-6: Product Portfolio of HP International Including Brand, Application and Features
Table 8-7: Company Profile of Supreme Industries Limited including Company Overview, Products, Regional Presence, Key Executives, Estimated Revenue, Number of Employees, Best Selling Product with Dimension, Business Strategies, Promotion Strategies, Strengths, Weaknesses, Target End User Segments, Recent Developments and Future Plans
Table 8-8: Product Portfolio of Supreme Including Brand, Type Application and Standard Followed
Table 8-9: Company Profile of Neoseal Adhesives including Company Overview, Regional Presence, Key Executives, Estimated Revenue and Market Share, Number of Employees, Best Selling Product with Dimension, Promotion Strategies, Strengths, Weaknesses, Client Base, Recent Developments, Acquisitions and Future Plans
Table 8-10: Product Portfolio of Neoseal Including Products, Piping Systems, Bodied Type and Pipe Diameter
Table 8-11: List of Few Other Players in the PVC Solvent Cement Market
Table 9-1: Rationale and Description for India PVC Solvent Cement Market Size on the Basis of Revenue, FY’2023E
Table 9-2: Rationale and Description for India PVC Solvent Cement Market Segmentation on the Basis of Product Type (PVC Solvent, CPVC Solvent and UPVC Solvent) in INR Crores, FY'2023E
Table 9-3: India PVC Solvent Cement Market Size on the Basis of Market Structure (Organised and Unorganized) in INR Crores, FY’2023E
Table 9-4: India PVC Solvent Cement Market Size on the Basis of Region (Urban and Rural) in INR Crores, FY’2023E
Table 10-1: Analyst Recommendations for Companies in PVC Solvent Cement Market
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