India Poly Vinyl Chloride: Market Analysis and Opportunity Assessment 2030

09/giu/2020 18:22:11 SophiaJones Contatta l'autore

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Market Reports on India Provides the Trending Market Research Report ‘India Poly Vinyl Chloride (PVC) Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Type, Grade, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030under Chemical Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports.

Poly Vinyl Chloride demand in India witnessed an impressive CAGR in the historic years and is projected to achieve a healthy CAGR of over 6.81% during 2015-2030. Polyvinyl Chloride comes under the category of synthetic polymers and are a part of vinyl chain. These polymers are highly desired in various industries owing to its non-flammability, ease of processing and molding and superior strength. Pipe grade PVC accounts for over 40 per cent of the overall demand for PVC in the country as the product is extensively used in the production of water-distribution and underground irrigation pipes. Government policies in the budget of FY 20 for improvisation in facilities for piped water supply in rural areas has given a much-needed push in the demand for PVC in the domestic market.

Another large percentage of PVC demand comes from construction industry where it is utilized in the manufacturing of profiles, films and insulation. However, due to economic slowdown, halt in the construction activities has led to a considerable decline of PVC demand in the last few years. In contrast, demand for PVC in packaging applications has witnessed a significant growth after the outbreak of Coronavirus in the final quarter of FY 20. The rising awareness for maintaining good hygiene as a preventive measure of the virus has made the food and beverage industry to increase the utilization of flexible packaging to assure complete safety of the packaged products. The demand for PVC in the packaging sector is likely to further propel in the coming years as there are low chances for the complete abatement of the virus till a proper vaccine is attained.

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The total capacity of PVC in India is around 1640 KTA with Reliance Industries holding maximum share in its production in comparison to the other four leading players. The domestic production of PVC is unable to consolidate the massive demand for the product hence, around 50 per cent of the demand in India is being met through imports. To sufficiently meet the requirements, All India Plastic Manufacturers and Association (AIPMA) urged the government in Dec 2019 to cut a significant percentage of the high anti-dumping duty imposed on the product in the past few years. However, the association has laid stress to impose floor pricing on finished plastic goods being imported from China and other major producing countries in order to restrain under invoicing from foreign manufacturers.

As Vinyl Monomer and Chlorine are the major raw materials required to produce PVC, production and availability of these two in India also plays crucial role in determining the yearly production of PVC in the country. In the coming five years, Indian market of PVC is anticipated to witnesses a healthy growth after the government scheme of self-reliant India, emphasizing on the domestic production and consumption of products.

Years Considered for this Report:
Historical Years: 2015 – 2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022 – 2030

Objective of the Study:

  • The primary objective of the study was to evaluate and forecast PVC capacity, production, demand, and demand – supply gap in India.
  • To categorize PVC demand based on end-user, type, grade, region and sales channel.
  • To study trade dynamics and company share in India PVC market.
  • To identify major customers of PVC in India.
  • To evaluate and forecast PVC pricing by grade in India.
  • To identify and profile major companies operating in India PVC market.
  • To identify major developments, deals and expansion plans in India PVC market.

As India holds limited capacity to produce PVC, a sufficient percentage of demand for PVC is met through imports from other countries. Some of the major players operating in India PVC market are Reliance Industries, Finolex Industries Limited, Chemplast Sanmar Limited, DCW Limited, DCM Shriram Limited, Occidental Petroleum Corporation, Formosa Plastics Group, Mitsui Chemicals, Hanwa Chemical Corporation, LG Chem, Xinjiang Zhongtai Chemical Co. Ltd etc.

Prices of Poly Vinyl Chloride (PVC) are highly susceptible to the prices of its feedstock Vinyl Chloride Monomer (VCM). As Vinyl Chloride Monomer is a majorly imported material, international prices of the product play a very crucial role in determining the prices of its derivative PVC in the domestic market. In FY 20, prices of PVC witnessed a downtrend on decline in demand from automotive industry affected by the prolonged slowdown in the sector due to economic downturn, which was further exacerbated by the outbreak of Coronavirus in the final quarter. Owing to the halt in industrial activities in Q4 FY20, prices of PVC underwent a fall of around 5 per cent from previous fiscal year.

To extract data for India PVC market, primary research surveys were conducted with PVC manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, Chem Analyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, Chem Analyst analyzed various end user segments and projected a positive outlook for India PVC market over the coming years.

Chem Analyst calculated PVC demand in India by analyzing the historical data and demand forecast was carried out considering consumption pattern and analyzing the demand by tracking upcoming manufacturing units in different industrial segments. Chem Analyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by Chem Analyst.

Key Target Audience:

  • PVC manufacturers and other stakeholders
  • Organizations, forums and alliances related to PVC distribution
  • Government bodies such as regulating authorities and policy makers
  • Market research organizations and consulting companies

The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as PVC manufacturers, distributors and policy makers. The report also provides useful insights about which market segments should be targeted over the coming years to strategize investments and capitalize on growth opportunities.

Report Scope:
In this report, India PVC market has been segmented into following categories, in addition to the industry trends which has also been detailed below:

  • Market, by End Use- Agriculture, Packaging, Electrical and Electronics, Automotive, Household and Construction, Healthcare and Others
  • Market, by Type- Suspension Polymerization, Emulsion Polymerization, Micro Suspension Polymerization and Bulk Mass Polymerization
  • Market, by Grade- Pipes & Fittings, Flooring, Films & Sheets, Wires & Cables, Profiles and Others
  • Market, by Distribution Channel- Direct/Institutional Sales, Retail Sales, Other Channel Sales
  • Market, by Region- North, West, East and South

Competitive Landscape
Chem Analyst offers detailed analysis of major players including basic company details, Segmental/product information, financial matrices, growth strategies, expansion plans, collaborations, SWOT analysis etc.to give a comprehensive and meaningful insights on the respective product market.

Available Customizations:
With the given market data, Chem Analyst offers customizations according to a company’s specific needs.

 Browse our full report with Table of Content : http://www.marketreportsonindia.com/marketreports/india-poly-vinyl-chloride-pvc-market-plant-capacity-production-operating-efficiency-demand-supply-end-use-type/2077010

About Market Reports on India:
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