PVC cement, also known as solvent cement, is recommended for quick, easy, and stronger PVC pipe construction. CPVC resin, stabilizers, and fillers are dissolved in a mixture of solvents to make solvent cement. Due to an upsurge in mandate for PVC pipes in structure and irrigation actions, the solvent cement market is expected to grow at a significant rate in the coming years.
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According to NIIR PROJECT CONSULTANCY SERVICES (NPCS), Asia Pacific is a main market for solvent cement due to a rise in building and substructure happenings in numerous evolving republics in the area.
Key Drivers and Opportunities: -
· Growing urbanization and industrialisation are supporting construction and infrastructure projects in developing countries, particularly in Asia Pacific. In the foreseeable future, this is expected to rise request aimed at solvent cements. People are migrating to cities as a consequence of industrialization. This is driving up demand for residential homes, which is expected to fuel the solvent cement industry over the next few years.
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· Increased mandate for fittings and tubes from the agronomy segment, in addition to regional irrigation expansion, are likely to initiate up mandate for solvent cement. Several countries' governments are taking steps to encourage irrigation, which is projected to enhance the solvent cement market throughout the forecast period.
· An increase in the diversity of pipes (PVC, CPVC, etc.) is expected to boost global demand for solvent cement. The negative impact of plastic, on the other hand, is projected to stifle demand for plastic pipes, hence limiting need for solvent cement.
· In addition, producers in the solvent cement market are investing heavily in R&D centres in order to expand their product line and meet expanding demand. During the projected period, this is expected to provide considerable opportunity for manufacturers to produce innovative products.
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Market Segmentation: -
- By Market Structure: The market is subjugated by a huge quantity of companies. Because of their brand value, consistent product quality, and bigger distribution base, organized players have a strong hold on the market. They are able to attract industrial consumers since they are thought to be specialists in this industry and can assist industrial purchasers in selecting the right product for their needs. Unorganized players have an inadequate supply base and are additional likely to cater to customers seeking low-priced goods. These companies cater to the lowest end of the market, where demand is minimal and the end user is willing to pay as little as possible for PVC solvent cement. Unorganized players' products would not be NSF certified, and there would be no guarantee as to the sealant's quality.
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- By Region: In general, UPVC and CPVC solvent cement would account for a higher share of overall solvent cement demand in urban regions, as UPVC and CPVC uses are more prevalent in the residential and building sectors, such as for hot and cold applications. Because PVC pipe and gears are used for water source, sewage and drainage tenders, the rural region is more tending toward irrigation and other forms of cultivation, resulting in a higher installation base for PVC pipe and fittings.
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Market Competition: -
· With new players joining the market, competition in the Indian solvent cement market has increased over time. The organized sector dominated the market due to improved end-user knowledge of organized brands, but smaller enterprises cannot match the organized sector's installed production capacities and hence are unable to grab a major portion of the market.
· Due to the striking product borders in PVC solvent cement linked to plastic pipe, the marketplace may see the entrance of many plastic pipe producers and growth in construction capacity, on top of new scientific leanings and countless other aspects, resulting in increased marketplace competition and revenue evolution.
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· Finolex Industries Limited, Jain Irrigation Systems Limited, HP International, Neoseal, Supreme Industries Limited, Ashirvad Pipes Private Limited and are the leading participants in the organized PVC solvent cement market in India.
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