Major Players India PVC Solvent Cement, Competition PVC Solvent Cement Market, HP International Solvent Cement Revenue- Ken Research

The report titled “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” provides a comprehensive analysis of the PVC Solvent market in India. The report covers market size by revenue, segmentation on the basis of product type (PVC, CPVC and UPVC Solvent), by market structure (organized and unorganized), by type of region (urban and rural region). The report also covers value chain analysis, profit margins, trends and developments including a snapshot on PVC plastic pipes and fittings market, competitive landscape and comprehensive profile of leading players (HP International, Neoseal Adhesives, Astral Poly Technik, Finolex Pipes, Supreme Industries and others). Factors such as estimated revenue of major players, competition success factor, strengths and weakness of major players, Future outlook and projections by regions and by product type have been covered in the publication.
India PVC Solvent Cement Market
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.
India PVC Solvent Cement Market Segmentation
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.
Competition in India PVC Solvent Cement Market
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.
Future Outlook of India PVC Solvent Cement Market
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.
Key Segments Covered:-
By Type of Product:
PVC Solvent Cement
UPVC Solvent Cement
CPVC Solvent Cement
By Market Structure:-
Organized
Unorganized
By Region:-
Urban Areas
Rural Areas
Key Target Audience:-
PVC Solvent Cement Manufacturers
Plastic Pipes and Fittings Manufacturers
Plastic Resins Manufacturers
Major Importers of Plastic Pipes and Fittings
Private Equity Ventures
Time Period Captured in the Report:-
FY’2013-FY’2018 – Historical Period
FY’2019-FY’2023 – Future Forecast
Companies Covered:-
HP International, Astral Poly Technik Limited (Weld-on and Solvobond), Neoseal, Finolex Industries Limited, Supreme Industries Limited and Others
Key Topics Covered:-
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
For more information on the research report, refer to below link:-
https://www.kenresearch.com/manufacturing-and-construction/machinery-and-parts/solvent-cement-pvc-pipes/169159-97.html
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