'Prince Pipes delivered a presentation that speaks about the trends of the pipes industry.
In value terms, domestic pipe industry is poised to grow at CAGR of 10-12% CAGR while the PVC pipes volume will rise at a CAGR of 5%. The market grew at a CAGR of ~9% from 2019 to 2024, driven by strong demand from the construction and irrigation sectors and upcoming growth is expected to be driven by rising demand for OPVC pipes, fire protection pipes, gas pipes and more between 2025 to 2030.
The key growth drivers are adequate drinking water facilities, growing awareness and shift from metal to polymer pipes across industries, urbanisation projects – smart cities & urban renewal projects, per capita pvc consumption lowest in India and government infrastructure initiatives like Jal Jeevan Misson, AMRUT, etc.
The company’s growth strategy includes presence across water infrastructure, premiumization, building future capacities & manufacturing excellence, innovation capabilit...
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