LONDON, Jan. 16, 2017 /PRNewswire/ -- According to a new market report published by Lucintel, the future of the Indian plastic pipe market looks attractive with opportunities in the potable water supply, wastewater supply, agriculture, and chemical sector. The Indian plastic pipe market is forecast to grow at a CAGR of 10.4% from 2016 to 2021. The major growth drivers for this market are the growth of government infrastructural spending, increasing residential and commercial construction, industrial production, irrigation sector, and replacement of aging pipelines.
In this market, polyvinyl chloride, polyethylene, and polypropylene are the major raw materials used to manufacture pipe. Lucintel predicts that the demand for PVC (polyvinyl chloride) plastic pipes is likely to experience the highest growth in the forecast period, supported by growing demand in the potable water, wastewater supply and agriculture sector. On the basis of its comprehensive research, Lucintel forecasts that the agriculture and wastewater applications are expected to show above average growth during the forecast period.
Within the Indian plastic pipe market, agriculture sector is expected to remain the largest application. The growth of residential and commercial construction and the growth in infrastructure development especially in the agriculture sector in India are expected to spur growth for this segment over the forecast period.
For market expansion, the report suggests new product development, where the unique characteristics of plastic can be capitalized. Emerging trends, which have a direct impact on the dynamics of the market, are the usage of anti-microbial plastic pipes to improve hygiene, consumption of CPVC (chlorinated polyvinyl chloride) piping system in various applications of plastic pipes, and increasing consumption of multilayer plastic pipe in gas distribution in the Indian plastic pipe market. Supreme Industries Ltd., Finolex Industries Ltd., Astral Poly Technik Ltd., Jain Irrigation Systems Limited, and Prince Pipes and Fitting Private Limited are among the major manufacturers of the Indian plastic pipe.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the Indian plastic pipe market by end use application and material and has come up with a comprehensive research report, "Growth Opportunities in the Indian Plastic Pipe Market 2016-2021: Trends, Forecast and Opportunity Analysis." The Lucintel report serves as a spring board for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the growth opportunities in the Indian plastic pipe market by end use application and material as follows:
By end use application (Value $ Million from 2010 to 2021)
Potable Water Supply Wastewater Supply Electrical and Telecommunication Cable Protection Pipes Agriculture Sector Chemical Sector Oil & Gas Sector
By material (Volume (Million Tons) and Value $ Million from 2010 to 2021):
PVC Pipe PE Pipe PP Pipe Other Pipe
This report answers following 10 key questions:
Q.1. What are some of the most promising, high-growth opportunities for Indian plastic pipe market by material and end use application?
Q.2. Which product /segments will grow at a faster pace and why?
Q.3. What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.4. What are the business risks and threats of this market?
Q.5. What are the emerging trends in this market and reasons behind them?
Q.6. What are some changing demands of customers in the market?
Q.7. What are the new developments in the market? Which companies are leading these developments?
Q.8. Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.9. How is the competitive rivalry and threat of substitution in this market?
Q.10. What are M&A activities in the last 5 years in this market? What reasons to these activities and how have they impacted the market?
This unique report from Lucintel will provide you with valuable information, insights, and tools needed to identify new growth opportunities and operate your business successfully in this market. This report will save hundreds of hours of your own personal research time and will significantly benefit you in expanding your business in this market. In today's stringent economy, you need every advantage that you can find.
To make business, investment, and strategic decisions, you need timely, useful information. This market report fulfills this core need and is an indispensable reference guide for multinational materials suppliers, product manufacturers, investors, executives, distributors, and many more that operate in this market.
Some of the features of "Growth Opportunities in the Indian Plastic Pipe Market 2016-2021: Trends, Forecast, and Opportunity Analysis" include:
Market size estimates: Growth opportunities in the Indian plastic pipe market size estimation in terms of value ($B) and volume (MT) shipment.Trend and forecast analysis: Indian plastic pipe market trend (2010-2015) and forecast (2016-2021) by material type and applications.Segmentation analysis: Indian plastic pipe market size by various material segments such as PVC, PE, PP, and others in terms of value and volume shipment, by application segments such as potable water supply, wastewater supply, electrical and telecommunication cable protection pipes, agriculture sector pipe, chemical sector pipe, and oil & gas sector pipe in terms of value shipment.Growth opportunities: Analysis on growth opportunities in different materials and applications. Strategic analysis: This includes new product development, competitive landscape, and expansion strategies of plastic pipe in the Indian plastic pipe market suppliers.Emerging applications: Emerging applications of plastic pipe in various markets. Analysis of competitive intensity of the industry based on Porter's Five Forces model.
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