11 April 2013 17:36 [Source: ICIS news]
MUMBAI (ICIS)--Indian PVC demand for pipes and fittings grew by 14% to around 1.6m tonnes in fiscal 2012-13, a senior industry executive said on Thursday.
The pipes sector accounted for 74% of the total PVC demand of 2.2m tonnes in the year ended 31 March 2013, said Saurabh Dhanorkar, managing director of Finolex Industries, at the Vinyls India 2013 conference.
India's PVC demand was estimated to have grown by 15% in 2012-13.
Dhanorkar pointed out the pipe sector, a key demand driver for PVC, was set to witness a revolution in the near future with processors investing in new products and technologies.
He forecast steady demand growth as PVC pipes had started making inroads in the sewerage sector. Also, old-age pipe rehabilitation was a promising area for PVC pipes.
The other high-growth sector for PVC was window profiles with demand growing by 25% to 75,000 tonnes in 2012-13.
"There is increasing acceptance of PVC windows by Indian builders and architects; the window fabricator base is increasing at over 20% with 19 European and 2 Asian companies setting up fabrication networks in the country," he said.
Vinyls India 2013 concludes on Friday.
Additional reporting by Veena Pathare
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