Page 28 - Plastics News January 2023

SPECIAL MESSAGE

VIEWS ON GROWTH OF PVC MARKET IN NEXT 5

YEAR/ VISION ON PLASTIC INDUSTRY NATIONAL/
GLOBAL VIS-À-VIS SUDHAKAR PIPES INITIATIVE
India Polyvinyl chloride (PVC) Market Outlook, 2027
In India – PVC products are majorly preferred for all major sectors like Agriculture, Jayadev Meela
infrastructure and Building and construction projects and having a consumption of Managing Director
about 3.8 million Tons/ annum and growing @ 8-9% per annum. In general – PVC Sudhakar Irrigation Systems Pvt. Ltd.
industry in India grow more than GDP of the country.
Recent past during Covid and post covid period - a surge in applications for PVC in the healthcare industry is the
major driving force for the PVC market. In addition to that, government policies in the budget of financial year 2020
for enhancement in the facilities for piped water supply in rural areas have provided a much-needed push to the PVC
industry across the country. Further, India is highly dependent on PVC imports to fulfil the imbalance between demand
and production. These demands for PVC are anticipated to be in healthy digits which will force more PVC to be
imported.
According to the report titled ""India Polyvinyl Chloride (PVC) Market Outlook, 2027"", published by Bonafide Research,
the PVC market is projected to grow at 11.89% CAGR by 2026–27. The common drivers of consumption tend to
be a large population base with a stable political climate. Economical and versatile, PVC is used in various industries
such as agriculture, construction/infrastructure & housing, packaging, automotive, electrical & electronics, healthcare,
and fast-moving consumer goods. Among these industries, construction, infrastructure, and housing are projected
to acquire more than 35% of the market share during the forecast period. PVC makes a major contribution to the
quality, safety, and cost-effectiveness of construction materials. PVC also offers low environmental impacts compared to
other components. In addition to the new projects, PVC is also widely used in refurbishment, where it often replaces
traditional materials such as metal and wood. Further, as PVC is durable, dependable, and light in weight, flexible PVC
plays an important role in the packaging industry.
India ranks second worldwide in farm output. By adopting PVC in this sector, the Indian market is projected to achieve
higher momentum by 2026-27. According to the report, the Indian PVC market is segmented into six prominent grades
that include piping & fittings, flooring, films, sheets, wire & cable insulation, and window profiles.
Among these grade types, the piping & fitting segment is projected to lead the market with more than 70% market
share. In India, PVC pipes are majorly used in the production of water-distribution and underground irrigation pipes.
On the other hand, with a well-established status all over the world, PVC windows are gaining higher momentum with
more and more usage in India in major cities to begin with. This segment is projected to grow at a significant growth
rate during the forecast period.
Sudhakar Group:
Sudhakar Group which is one of the leading brands in the Indian Market based out in Southern Part of India. This Group
has started operations in 1971 at Suryapet and completed successfully 50 years by expanding operations in 4 states
like Telangana, Andhra Pradesh, Karnataka and Orissa with production capacity of 2 Lacs Tons/Annum. This brand is
extremely popular among 2 major sectors like Agriculture Sector and Building and construction sector.
Product range varies from Electrical conduits, Agriculture Pipes, PVC and CPVC Pipes & Fittings for Cold and Hot water
Plumbing, SWR Pipes and UGD pipes for Drainage, HDPE Pipes, Irrigation systems and Water Storage tanks etc.
With addition of UPVC Profiles for Doors and Windows, Wires and Cables of selected range – Sudhakar Group is able
to meet all requirements of Framing community and Building and construction sector.
Sudhakar Group is a One stop shop for all types of water management, Irrigation projects and Building and construction
segments.
Sudhakar Grp played a major role in implementation of Mission Bhagiratha Project of Govt of Telangana – which is a
Signature project in supply of Pipes water to all Households in the state of Telangana.
Apart from execution of Government projects in various states – Sudhakar Group has vide network of 6000 Distributor/
Dealer network across the country and servicing all type of products which are required for water management schemes
and building and construction sector.
As a leading player on South India – Sudhakar Grp is planned to expand the network of operations in other parts of
the country. As a step towards achieving this Sudhakar Group has started a Green Field project neat Ujjain at Madhya
Pradesh which is likely to get commissioned by latter part of 2023.

28 PLASTICS NEWS January 2023
28 PLASTICS NEWS
January 2023