With prospects in the areas of potable water supply, wastewater supply, electrical and telecommunication cable protection, agriculture, chemicals, and oil and gas, the future of the Indian plastic pipe market is bright. The Indian plastic pipe market is anticipated to grow at a CAGR of 10.3% from 2022 to 2027, reaching an estimated $10.9 billion. The expansion of government infrastructure investment, rising home and business building, industrial production, the irrigation sector, and the replacement of deteriorating pipes are the main growth drivers for this market.

Markets for polymer pipes locally and globally

Despite the effects of the pandemic, the polymer pipes sector has been performing well in the new normal India. The demand for metal to polymer pipes has significantly changed in a number of industries, including plumbing and piping applications in the construction industry. The use of CPVC pipes in the hot- and cold-water plumbing industry has increased significantly during the past several years.

The industry’s largest firms, who have the highest market capitalization, have shown CAGR growth of between 3 and 11% over the last two years. According to CRISIL, the production of PVC pipes is anticipated to increase by a record-breaking 35% in FY2022. The plastic pipe market in India is estimated to be worth $400 billion. The pandemic throughout the previous five years has scripted a 10% CAGR from FY2016 to FY2021. By FY 2025, the sector is anticipated to develop at a slightly faster rate of 11% and reach between Rs 550 and Rs 600 billion. In FY 2021, the organised companies in the industry will control about 67% of the market.