India Stainless Steel Plumbing Pipes & Fittings Market Size (2024 - 2029)

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).