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The GCC CPVC pipes market reached a value of US$ 462.30 Million in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 5.84% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Chlorinated polyvinyl chloride (CPVC) is a thermoplastic produced by the chlorination of the PVC resin. As CPVC can withstand high temperatures and is more flexible than standard PVC, it is used for manufacturing pipes which are further utilized for dispensing hot and cold water, and industrial liquid handling. In comparison with conventional galvanized pipes, CPVC pipes offer advantages such as long service life, ease of installation and maintenance, additional safety, and resistance to corrosion. In the GCC region, growing awareness about health, hygiene, sanitation and wastewater management is increasing the demand for lightweight, sustainable and acoustic drainage pipes. As a result, CPVC pipes are gaining traction in the commercial and residential sectors in the region.
GCC CPVC Pipes Market Drivers:
Traditionally, the GCC countries have relied on the oil and gas industry for economic growth. However, the governments of these countries have resolved to diversify their economies after the recent fall in oil prices. In line with this, they have introduced different development projects, such as Saudi Vision 2030, NEOM City, Jeddah Waterfront and Entertainment City, for escalating the influx of tourists in their countries. Additionally, due to strong growth in the hospitality sector on account of the rising number of cafes, hotels and restaurants, and religious tourism, the GCC region holds lucrative opportunities for manufacturers in the CPVC pipes industry. Moreover, the governments are investing in the development of transportation, telecommunication, water distribution, agriculture and other infrastructures which, in turn, is proliferating the demand for CPVC pipes.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the GCC CPVC pipes market report, along with forecasts for growth at the regional and country level from 2021-2026. Our report has categorized the market based on applications.
Breakup by Application:
At present, plumbing represents the largest application area accounting for the majority of the total market share.
Region-wise, Saudi Arabia enjoys the leading position in the GCC CPVC pipes market.
The competitive landscape of the market has been analyzed in the report. Some of the key players operating in the industry include:
|Base Year of the Analysis||2020|
|Units||‘000 Tons, US$ Million|
|Segment Coverage||Applications, Country|
|Countries Covered||Saudi Arabia, UAE, Kuwait, Bahrain, Oman, Qatar|
|Companies Covered||IKK Group, AGM, SAPPCO and MMT Group|
|Customization Scope||10% Free Customization|
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|Post-Sale Analyst Support||10-12 Weeks|
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Key Questions Answered in This Report:
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