16-Apr-26 – Post Summit - Press Release –
The Global PVC Industry Converges at the 13th VINYL INDIA 2026
Amidst Unprecedented Market Turbulence
Driving Clarity, Collaboration & Strategic Direction
Mumbai, India | 15 April 2026
The 13th edition of VINYL INDIA 2026 — the World’s largest PVC business Summit and Exhibition — concluded successfully on April 9–10 at Hotel Sahara Star, Mumbai, bringing together the key stakeholders across the Global PVC value chain.
With participation from over 1,150 delegates representing 515+ organizations across 21 countries, the Summit reaffirmed India’s growing stature as a Global hub for PVC demand and industry collaboration.
India Emerges as a Global Growth Engine
India continues to stand out as one of the fastest-growing PVC markets globally, driven by strong demand from infrastructure development, irrigation, water management, housing, sanitation, and industrial expansion.
Current market size: ~4.7 MMTA
Growth rate: 6–8% annually, outpacing GDP
Market value: ?35,000 crores, projected to reach ?50,000 crores by 2030
However, domestic production capacity remains constrained at ~1.5 MMT, highlighting a significant demand–supply gap. Encouragingly, new capacity investments signal growing long-term confidence in India’s PVC growth story.
Navigating Uncertainty with Collective Insight
The industry is currently facing multiple headwinds — including raw material volatility, unprecented price rise, supply chain disruptions, logistics constraints, and margin pressures.
Against this backdrop, VINYL INDIA 2026 served as a critical platform for:
Sharing credible market intelligence
Interpreting global developments
Identifying actionable strategies
The strong participation reflected a conscious shift by industry leaders toward collaboration over fragmentation and informed decision-making over speculation.
Key Insights from Industry Leaders
The Summit featured powerful keynote and plenary sessions addressing market outlook, geopolitical impacts, and technological transformation:
M.P. Taparia (Supreme Industries) emphasized the need to address the demand–supply gap, encourage investments, and tackle misconceptions around PVC. He underscored sustainability as a business imperative.
Anil Jain (Jain Irrigation) highlighted PVC’s critical role in agriculture and water security, noting strong demand potential driven by irrigation expansion and evolving farmer ecosystems.
Dharmakriti Joshi pointed to India’s strengthening long-term growth trajectory amid global slowdown, while cautioning on near-term uncertainties driven by geopolitical developments.
Eren Celenk (McKinsey) discussed the transformative potential of AI across manufacturing, R&D, and commercial functions, while stressing the continued importance of human judgement.
Vinoo Mehta (DCM Shriram) reinforced confidence in long-term PVC fundamentals despite short-term volatility.
Sanjay Moolji (Tricon) highlighted the significant global supply disruptions arising from geopolitical tensions, particularly in the Strait of Hormuz which may take long time normalise even after the conflict in West Asia is resolved.
Key Industry Takeaways
India remains a high-growth PVC market with strong structural demand drivers
Agriculture, water infrastructure, and housing will continue to fuel demand
Global uncertainties require adaptive and resilient business strategies
AI and digital technologies are enhancing manufacturing efficiency
Pipes and infrastructure applications remain dominant growth segments
Sustainability, recycling, and responsible material use are gaining urgency
PVC is expanding into new applications including healthcare, packaging, and fenestration and even in modern archtectutre and exterior looks of building for offices and residences.
Industry-wide collaboration is becoming essential for long-term growth
Innovation, Technology, and Strategic Dialogue
A major highlight of this year’s summit was the debut keynote on “AI Revolution and Its Impact on Manufacturing,” reflecting the increasing role of digital transformation in industrial competitiveness.
The event also showcased innovations across:
Pipes & Infrastructure
Building Materials (WPC-Wood Plastic Composites, SPC-Stone Plastic Composites)
Wire & Cable
Packaging & Pharmaceuticals
Healthcare Applications
uPVC Fenestration
Panel Discussions addressed key themes such as:
Transformation of traditional PVC businesses
Scaling OPVC applications
Performance-driven fenestration systems
Advanced and high-performance PVC Applications
Strengthening Industry Bonds
Beyond business discussions, the summit facilitated meaningful networking through gala evenings and informal interactions, fostering stronger relationships and collaboration across the global PVC fraternity.
A Positive Outlook Amid Global Challenges
Despite global uncertainties, the overall sentiment remained optimistic. The summit reinforced India’s position as a strategic destination for global investments and partnerships in the PVC sector.
The collective industry outlook was clear:
Collaboration over isolation. Insight over speculation. Strategy over uncertainty.
Organizer’s Perspective
Nidhi Verma, Founder & Managing Director, ElitePlus++ Business Services, stated:
“VINYL INDIA 2026 has been a highly significant and timely platform as the industry navigates unprecedented volatility. What stands out is the collective intent to engage, collaborate, and move forward with clarity and direction.”
About ElitePlus++ Business Services
ElitePlus++ Business Services is a leading Global organizer of business Summits and Exhibitions for the plastics, polymers, petrochemicals, packaging, and energy sectors. With over 15 years of experience and 100+ international events, the company connects global leaders, policymakers, and stakeholders to enable knowledge exchange, partnerships, and growth.
Its flagship platforms — including VINYL INDIA — are among the world’s largest industry gatherings.
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