Burgeoning CPVC market in India bears ample space for new players to set up production facilities – 16 Oct 2014

Chlorinated Poly Vinyl Chloride (CPVC) market in India is booming and has ample space for new players to set up production facilities in the country, as learnt in a market research done by analysts at Indianpetrochem. Demand for CPVC is growing robustly in India, driven mainly by the growing pipe sector in the country. CPVC pipes differ from the PVC equivalents in terms of the inherent capability of transporting hot water. As a matter of fact, India is hitherto devoid of any CPVC plant, the entire demand for the material in the country is thus catered to through imports. 
 

Communications with several CPVC pipe manufacturers elicited that demand for the pipes is growing in excess of 25% annually in India, and with the absence of any domestic production facility, import volumes of the material into the country will increase proportionally.
 

However, the nil production state in India is set to change in the future with the US-based Lubrizol Corporation setting up a 55,000 metric tonne per annum CPVC plant at Dahej in Gujarat; and India-based DCW Limited being in the process of setting up such a plant at Sahupuram in the Tuticorin district of Tamil Nadu. Officials of the Indian company was, however, not able to be contacted to elicit the latest status of the project.
 

The prevailing CPVC prices in India are at around $1,650 per metric tonne CIF, according to importers contacted.

---ibnath@indianpetrochem.com