The GCC CPVC pipes market grew at a CAGR of 7.6% during 2014-2019. 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. Looking forward, IMARC Group expects the GCC CPVC pipes market to continue its moderate growth during the next five years.
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.
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:
Key Questions Answered in This Report:
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