Page 35 - Plastics News February 2025
P. 35
FEATURE NEWS
and fashion due to its translucent blue/green The use of recycled plastics in 3D printing pro-
color, and OrCA , which engineers designed poses a circular economy solution that enables
for engineering uses and that can incorpo- the reduction of waste and carbon footprint.
rate materials like graphene and carbon fib- Source – Plastics Engineering
ers.
Fishy Filaments mechanical properties com-
pared to comercial products. Courtesy of Fishy
Filaments.
India's plastic pipe market to grow,
but PVC prices may pose challenge
ndia's plastic pipe industry has a potential of growth, with an 8 per cent compound annu-
significant expansion because the country's al growth rate (CAGR) in the last decade from
Iper-capita pipe consumption remains much FY15 to FY24. The report further outlined that
lower than the global average, according to a the plastic pipe market is projected to reach a
recent report by Jefferies, a global investment size of Rs 500 billion by FY25, driven by a re-
bank and financial service company. surgence in capital expenditure (capex) and a
robust housing cycle.
“India's per-capita-pipe-consumption is lower
than the world average and significantly lower In 2023, according to a report by market re-
than the US, Europe, and China. This implies sig- search platform Techsci Research, India’s plas-
nificant headroom for growth,” the report stated. tic pipe market was valued at Rs 474. 47 billion.
These pipes are widely utilised in a range of in-
Growth and market projections
frastructure projects, such as water supply, sew-
The plastic pipe sector has demonstrated strong age systems, and gas distribution.
February 2025 PLASTICS NEWS 35
