GCC PVC Pipes Market Anticipated to Reach US$ 2,168 Million by 2028


Posted May 15, 2023 by imarcservices

The GCC PVC pipes market size reached US$ 1,627.0 Million in 2022. IMARC Group expects the market to reach US$ 2,168 Million by 2028, exhibiting a growth rate (CAGR) of 4.9% during 2023-2028, according to the recent report by IMARC Group.

 
IMARC Group, a leading market research company, has recently releases report titled “GCC PVC Pipes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the GCC PVC pipes market report, share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the GCC PVC Pipes Market?
Report Attributes Details
Market Size in 2022 US$ 1,627.0 Million
Market Forecast in 2028 US$ 2,168 Billion
Growth rate (2023 to 2028) CAGR of 4.9%
Base Year of the Analysis 2022
Forecast Period 2023-2028

The GCC PVC pipes market size reached US$ 1,627.0 Million in 2022. Looking forward, the market expected to reach US$ 2,168 Million by 2028, exhibiting a growth rate (CAGR) of 4.9% during 2023-2028, according to a new report by IMARC Group.
Industry Definition and Application:
Polyvinyl chloride or PVC pipes refers to specialized plastic piping systems that are derived by the extrusion of a blend of polyvinyl chloride or PVC and several additives. They are available in rigid and flexible product types. PVC pipes are completely recyclable, which makes them environment friendly as compared to alternative piping materials. They are extremely lightweight, durable, and resistant to rotting and rusting. The production of PVC pipes even consumes around four times less energy than those of concrete pipes and does not incur losses of the raw material. Consequently, they find extensive utilization across numerous sectors in GCC, including construction, irrigation, plumbing, water supply, automotive, healthcare, electronics, etc.
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GCC PVC Pipes Market Trends and Drivers:
The escalating usage of the product in electrical fittings, owing to their excellent heat and electrical insulation properties, is among the key factors driving the GCC PVC pipes market. Additionally, the emerging trend of replacing metal piping systems, on account of their higher weight and susceptibility to corrosion, is acting as another significant growth-inducing factor. Moreover, the increasing adoption of PVC pipes in
various waste management applications such as sewer systems, drains, wastewater conveyance, vents, drains, etc., is further propelling the market across GCC. Besides this, the expanding employment of PVC plumbing solutions to handle and produce chemicals and in air ventilation and exhaust infrastructure is also positively influencing the market growth. Furthermore, the development of innovative oriented PVC pipes by the leading market players and the growing construction activities across the globe is anticipated to bolster the GCC PVC pipes market in the coming years.
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GCC PVC Pipes Market Report Coverage and Industry Segmentation:
The report cover the below key market segments:
Breakup by Application:
• Water Supply, Irrigation, Sewerage and Drainage
• Plumbing
• HVAC
• Oil and Gas
Breakup by Region:
• Saudi Arabia
• UAE
• Oman
• Bahrain
• Kuwait
• Qatar
Objectives of the study:
• To segment the GCC pvc pipe market by application, and region
• To estimate and forecast the market by region, namely, Saudi Arabia, UAE, Oman, Bahrain, Kuwait, Qatar
• To estimate and forecast the market size in terms of value (1,627.0 Million) at global and regional levels
• To analyse the key market drivers, restraints, growth, opportunities, and challenges influencing the GCC market
• To identify the profile of the top key market players and analyse their core competencies in each segment of the GCC market.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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Issued By IMARC Services
Country India
Categories Technology
Last Updated May 15, 2023