11 April 2013 17:33 [Source: ICIS news]
MUMBAI (ICIS)--Indian demand for chlorinated polyvinyl chloride (CPVC) is continuing to show strong annual double-digit growth and the outlook remains bright, said a senior industry executive at the ongoing Vinyl India conference in Mumbai, India, on Thursday.
"Demand has been growing at 30% year-on-year for the last sevenyears with CPVC pipes slowly replacing galvanised iron (GI) pipes in plumbing applications," said Sandeep Engineer, managing director of Astral Poly Technik at the first day of the two-day conference.
He estimated that the country's CPVC consumption at 60,000-70,000 tonnes with the market serviced entirely by imports.
"India has emerged as the fastest growing CPVC market in the world," said Engineer.
However, he pointed out that availability of product would be a major challenge for Indian buyers for the next few years as there were not many capacity expansions.
"Globally, new capacities have been announced but these are likely to come up in 2015-16," he said.
Lubrizol plans to expand its global CPVC resin and compounding manufacturing sites over the next four years with the first phase of expansion due to be operational by end-2014.
In India, DCW has entered into an agreement with France-based Arkema to licence technology to manufacture CPVC and its compounds.
Additional reporting by Veena Pathare
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