Project Report For CPVC Pipe Manufacturing
Project report for CPVC Pipe Manufacturing is as follows.
The Indian plastic recycling industry can recycle 99 percent of rigid CPVC pipes, which may then be utilised in products such as chemical storage, shampoo bottles, and other uses. The most difficult difficulty for plastic pipe makers is the volatility of raw material pricing and availability. Approximately half of the raw materials are imported, with China and Korea being the largest suppliers.
To manage global trade supply, the Indian government imposed an extra dumping charge on CPVC resin. As per research, there are 6960 machines installed in 2018 for the manufacturing of PVC pipes and 1960 machines installed for the production of PO pipes, both of which are developing at a CAGR of 13%.
The increasing machine capacity of pipe processing and raw material manufacture demonstrates the plastic pipe market’s healthy expansion.
Market potential & Strategy
The plastic pipes market was worth INR 18326.62 crore in 2014-15. Following clearance from the Bureau of Indian Standards to use plastic pipes in drinking water supplies, as well as increased awareness of the usage of plastic items and their recyclability,
Plastic pipes are emerging as an alternative for GI and other pipes. Many applications-based plastic pipes are accessible in the market, and rising demand in such industries has been a driving force in the Indian plastic pipe market. In recent years, more than 40% of UPVC pipe material has been employed in the agriculture industry.
Changing trends and market demand push market share by material and application to other applications.directions. The increased demand for plastic pipes in the industrial and construction sectors more than doubles the demand for CPVC and HDPE pipes compared to a few years ago. In addition, numerous raw material businesses are preparing to launch new projects in order to supply the demand for plastic pipes
The Indian plastic pipes market is predicted to develop at a compounded annual growth rate (CAGR) of more than 13 percent by value in the future.
India has one of the world’s fastest expanding economies. Furthermore, increased population leads to expansion in the building sector (House, Building), development in infrastructure (Rails, Road,
Airport, Malls, and application in industries (gas and oil transport), where piping is needed for fluid supply, ventilation, and drainage systems. Since the beginning of the COVID-19 epidemic, the Government of India has issued numerous packages totaling Rs 4,760 billion (2.21 percent of the GDP). In India,
HDPE pipes developed application in Infrastructure is booming the Plastic pipe market due to growth in large infrastructure projects such as clean river mission, drainage solution in rural and urban areas, telecommunication and electricity network for 5G network, electric railways, and so on
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