Market Size of India Stainless Steel Plumbing Pipes & Fittings Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 4.50 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
India Stainless Steel Plumbing Pipes & Fittings Market Analysis
India's stainless steel plumbing pipes & fittings market is projected to register a CAGR of over 4.5% during the forecast period.
The COVID-19 pandemic impacted India's stainless steel plumbing pipes and fittings sector. The government's lockdown and the resulting economic slump have reduced demand for these products. However, the market recovered in 2021 when lockdowns were eased and construction activity increased. Furthermore, due to the increased emphasis on hygiene and sanitation, the market will likely see an increase in demand for stainless steel plumbing pipes and fittings. The government's push for "Make in India" and "Atmanirbhar Bharat" programs are also expected to increase demand for these products.
- Over the short term, the expanding residential and non-residential industries will boost market expansion.
- However, the increased use of polymer-based replacements such as PVC is expected to hinder market expansion.
- Nevertheless, expanding regional infrastructure projects will aid future market expansion.
India Stainless Steel Plumbing Pipes & Fittings Industry Segmentation
Stainless steel plumbing pipes are made from steel alloys containing iron, nickel, chromium, and others primarily used in different plumbing applications to transport fluid. Stainless steel pipe fitting is a part that connects a pipe to another pipe. Its primary purpose is to connect, control, and change the direction, especially in bent pipes, and split, seal, and support various parts and components in the pipeline system. These fittings include pipe elbows, tee, stub end, pipe bending, end caps, reducer, pipe cross, saddle previously, and many others. The India stainless-steel plumbing pipes and fittings market is segmented by type, market structure, end-user industry, and sales channel. The market is segmented by type: seamless, welded, and fabricated. By market structure, the market is segmented into organized and unorganized. By end-user industry, the market is segmented into residential and non-residential. By sales channel, the market is segmented into retail, e-commerce, and direct. The report also covers the market size, and forecasts for each segment have been made based on value (USD Million).
| Type | |
| Seamless | |
| Welded | |
| Fabricated |
| Market Structure | |
| Organized | |
| Unorganized |
| End-user Industry | |
| Residential | |
| Non-residential |
| Sales Channel | |
| Retail | |
| E-commerce | |
| Direct |
India Stainless Steel Plumbing Pipes & Fittings Market Size Summary
The stainless steel plumbing pipes and fittings market in India is poised for steady growth, driven by a combination of factors including increased construction activities and a heightened focus on hygiene and sanitation. The market experienced a setback due to the COVID-19 pandemic, but rebounded as restrictions were lifted and construction resumed. Government initiatives like "Make in India" and "Atmanirbhar Bharat" are expected to further bolster demand. The market is supported by the expanding residential and non-residential sectors, although the rise of polymer-based alternatives such as PVC poses a challenge. Despite this, ongoing regional infrastructure projects are anticipated to contribute positively to market expansion.
Welded stainless steel pipes, known for their cost-effectiveness and uniform wall thickness, are particularly favored in construction and infrastructure projects. These pipes are utilized in various applications, including building structures, industrial equipment, and transportation of liquids and gases. The demand for stainless steel plumbing pipes and fittings is also fueled by the growing economic strength and investment in luxury homes. The non-residential sector, including commercial and industrial buildings, is witnessing increased demand due to the material's corrosion resistance and durability. The market is semi-consolidated, with major players like Maharashtra Seamless Ltd, Jindal Stainless Ltd, and Nippon Steel holding significant positions. Recent expansions and acquisitions by these companies indicate a strategic focus on enhancing production capabilities and market presence.
India Stainless Steel Plumbing Pipes & Fittings Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Growing Residential and Non-residential Industry
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1.1.2 High Temperature and Corrosion Resistance Compared to Available Counterparts
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1.2 Restraints
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1.2.1 Increasing Polymer-based Substitutes such as PVC
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1.3 Industry Value-Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION (Market Size in Value)
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2.1 Type
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2.1.1 Seamless
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2.1.2 Welded
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2.1.3 Fabricated
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2.2 Market Structure
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2.2.1 Organized
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2.2.2 Unorganized
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2.3 End-user Industry
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2.3.1 Residential
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2.3.2 Non-residential
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2.4 Sales Channel
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2.4.1 Retail
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2.4.2 E-commerce
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2.4.3 Direct
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India Stainless Steel Plumbing Pipes & Fittings Market Size FAQs
What is the current India Stainless Steel Plumbing Pipes & Fittings Market size?
The India Stainless Steel Plumbing Pipes & Fittings Market is projected to register a CAGR of greater than 4.5% during the forecast period (2024-2029)
Who are the key players in India Stainless Steel Plumbing Pipes & Fittings Market?
Maharashtra Seamless Ltd, Jindal Stainless Ltd, Nippon Steel, APL Apollo and Geberit Plumbing Technology India Private Limited are the major companies operating in the India Stainless Steel Plumbing Pipes & Fittings Market.
