India PVC Market

India PVC Market Overview:

The India PVC market size reached USD 1.54 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 2.11 Billion by 2033, exhibiting a growth rate (CAGR) of 3.60% during 2025-2033. The India PVC market share is expanding, driven by the rising demand for durable and cost-effective building materials, along with the growing utilization of personal care products, which is creating the need for PVC-based packaging solutions.

India PVC Market Trends:

Growing construction and infrastructure development

The rising construction and infrastructure development is propelling the India PVC market growth. In December 2024, NBCC (India) Ltd. announced that it secured several construction projects totaling INR 9,445 Crore in the Indian states of Haryana, Karnataka, Uttar Pradesh, and Uttarakhand. PVC is in high demand, as infrastructure investments are increasing. It is commonly used in pipelines, fittings, window frames, doors, flooring, and roofing due to its lightweight nature, corrosion resistance, and extended lifespan. Government efforts, such as smart cities and affordable housing plans, are also promoting the usage of PVC. Builders and developers choose PVC over traditional materials like metal and wood because it is less expensive and easier to maintain. Additionally, the heightened emphasis on water management and sanitation is creating the need for PVC pipes and fittings in plumbing and drainage systems. With ongoing metro rail, highway, and real estate projects, there is a high demand for sturdy and weatherproof materials. The growing utilization of PVC in modular construction and prefabricated structures is supporting the market expansion. Moreover, electrical and telecommunications industries use PVC for cable insulation and protective coatings.

Rising applications in packaging industry

The growing applications in the packaging industry are offering a favorable India PVC market outlook. PVC is utilized in flexible and rigid packaging, including bottles, blister packs, food wraps, and shrink films, because of its strength and resistance to moisture and chemicals. The broadening of e-commerce sites is catalyzing the demand for sturdy packaging solutions, and PVC plays a crucial role in safeguarding products during transit. In the food and beverage (F&B) industry, PVC is preferred for its ability to preserve freshness and prevent contamination. Pharmaceutical companies rely on PVC blister packs for safe and long-lasting medicine storage. The growing demand for personal care and household products is also creating the need for PVC-based packaging solutions. With rising user awareness about hygiene and product safety, manufacturers are turning to PVC owing to its protective qualities. As packaging innovations continue to evolve, PVC remains a key material. According to the IBEF, the India packaging market is set to grow at a Compound Annual Growth Rate (CAGR) of 26.7% to attain USD 204.81 Billion by 2025​.

India PVC Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the regional level for 2025-2033. Our report has categorized the market based on product type and end use.

Product Type Insights:

• Rigid
• Flexible

The report has provided a detailed breakup and analysis of the market based on the product type. This includes rigid and flexible.

End Use Insights:

• Building and Construction
• Packaging
• Automotive
• Electrical and Electronics
• Others

A detailed breakup and analysis of the market based on the end use have also been provided in the report. This includes building and construction, packaging, automotive, electrical and electronics, and others.

Regional Insights:

• North India
• South India
• East India
• West India

The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, and West India.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

India PVC Market News:

• In January 2025, Adani Petrochemicals Ltd, part of Adani Enterprises, revealed the establishment of a joint venture with Indorama Resources named Valor Petrochemicals Ltd (VPL). The new initiative was set to have both firms owning equal shares of 50%. VPL aimed to create a refinery, petrochemical, and chemical enterprise, initially concentrating on a 2 Million Tons PVC facility that was to be constructed in two phases in India. The initial phase, which had a capacity of 1 Million Tons, is expected to be completed by 2026, whereas the second phase is projected to be finished by early 2027.
• In March 2023, Finolex Industries declared that it started commercial production of PVC fittings at a new manufacturing plant in Pune, Maharashtra. The facility had an annual capacity of 12,000 MT, with a capital expenditure of around INR 100 Crore.

India PVC Market Report Coverage:

Key Questions Answered in This Report:

• How has the India PVC market performed so far and how will it perform in the coming years?
• What is the breakup of the India PVC market on the basis of product type?
• What is the breakup of the India PVC market on the basis of end use?
• What is the breakup of the India PVC market on the basis of region?
• What are the various stages in the value chain of the India PVC market? 
• What are the key driving factors and challenges in the India PVC market?
• What is the structure of the India PVC market and who are the key players?
• What is the degree of competition in the India PVC market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the India PVC market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the India PVC market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the India PVC industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.