+
India's Plastic Pipe Industry Poised for Strong Growth: Jefferies
ECONOMY & POLICY

India's Plastic Pipe Industry Poised for Strong Growth: Jefferies

India's plastic pipe industry holds significant growth potential, with per capita consumption far below the global average, according to a recent report by Jefferies. The report notes that India's consumption of plastic pipes is considerably lower than that of developed regions such as the US, Europe, and China, suggesting a substantial untapped market. “India's per capita pipe consumption is lower than the world average and significantly lower than the US, Europe, and China. This points to considerable growth potential for the Indian plastic pipe industry,” the report states. Over the past decade, the sector has experienced an 8% compound annual growth rate (CAGR) from FY15 to FY24. By FY25, it is expected to reach a market size of ?500 billion, driven by a recovery in capital expenditure (capex) and a booming housing sector.

However, the report highlights challenges in raw material costs, specifically polyvinyl chloride (PVC). Volatility in PVC prices affects manufacturers’ margins, as sharp declines in PVC prices lead to inventory losses and distributor destocking. Despite these challenges, Jefferies expects the industry to maintain strong growth, especially with increasing infrastructure investments and ongoing demand from the housing sector. The plastic pipe segment has consistently outperformed the tiles sector in volume growth over the past two years, a trend expected to continue.

India's plastic pipe industry holds significant growth potential, with per capita consumption far below the global average, according to a recent report by Jefferies. The report notes that India's consumption of plastic pipes is considerably lower than that of developed regions such as the US, Europe, and China, suggesting a substantial untapped market. “India's per capita pipe consumption is lower than the world average and significantly lower than the US, Europe, and China. This points to considerable growth potential for the Indian plastic pipe industry,” the report states. Over the past decade, the sector has experienced an 8% compound annual growth rate (CAGR) from FY15 to FY24. By FY25, it is expected to reach a market size of ?500 billion, driven by a recovery in capital expenditure (capex) and a booming housing sector. However, the report highlights challenges in raw material costs, specifically polyvinyl chloride (PVC). Volatility in PVC prices affects manufacturers’ margins, as sharp declines in PVC prices lead to inventory losses and distributor destocking. Despite these challenges, Jefferies expects the industry to maintain strong growth, especially with increasing infrastructure investments and ongoing demand from the housing sector. The plastic pipe segment has consistently outperformed the tiles sector in volume growth over the past two years, a trend expected to continue.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Infrastructure Opportunity Outlook by IMPACCT.Info

India’s infrastructure pipeline is witnessing dynamic activity across stages — from immediate bidding to future planning. IMPACCT segments these into three categories: Immediate, 3–6 Month, and Future Opportunities, enabling businesses to identify, prepare, and participate in high-value tenders and projects across sectors.To read full article Click Here ..

Next Story
Real Estate

Glass, Reframed!

Glass façades, quintessential aesthetic building envelopes globally, have been widely adopted in India as well. But when the focus is high-performance building systems that deliver energy efficiency, comfort and architectural identity, glass isn’t the only preference. Combination solutions, involving glass and some other material, improve façade outcomes. Some combinations come at comparable prices, some at a higher price. Here is a selection of performance-oriented solutions...To read the full story Click Here ..

Next Story
Infrastructure Urban

Beyond Building Faster

India’s cities are expanding at an unprecedented pace, bringing new infrastructure and development opportunities while also intensifying challenges around mobility, public spaces, liveability and supporting infrastructure. The question, therefore, is not simply whether India can build faster, but whether it can build cities that work better.At a CW webinar, Are We Designing Better Cities – or Just Building Faster?, moderator Ar. Samir Shaikh, Founding Principal, AR&UD Studio, brought together perspectives from design, development, master planning and technology...To read the full artic..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code