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GCC Polyethylene (PE) Pipes Market to Reach 483,319 Tons by 2025, Spurred by Significant Growth in Oil and Gas Industry

According to the latest report by IMARC Group, titled "GCC Polyethylene (PE) Pipes Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025," the GCC polyethylene (PE) pipes market size reached 331,546 Tons in 2019. Polyethylene (PE) pipes are a cost-effective solution for numerous piping and agricultural applications. Extremely versatile, light in weight and durable, they are widely utilized for carrying drinking water, oil, cables, chemicals, slurries, wastewater and compressed gases. Since these pipes are corrosion and fatigue resistant, their properties are not altered in the presence of corrosive soils and soil containing high sulfate content. In addition to this, these pipes are easy to handle, require little maintenance and are not contaminated by algae, fungi or bacteria. They also have a longer life span and are recyclable in nature. As a result, they are employed across the construction, oil and gas, mining, industrial, telecommunication, and wastewater treatment sectors.

GCC PE Pipes Market Trends:

The PE pipes market in the GCC region is primarily driven by the increasing number of oil and gas exploration and production activities. This can be accredited to the abundance of reserves available in the region. This, along with the low-cost development of these pipes and associated high profit-margins, are contributing significantly to the increasing demand for PE pipes in the GCC region. In line with this, PE pipes are extensively utilized in the oil and gas sector for distributing oil and natural gas. Moreover, rapid urbanization and inflating disposable incomes have contributed to the expansion of infrastructural development programs, thereby creating an escalating demand for PE pipes. Also, considerable growth in the residential sector in the GCC region has provided a boost to the sales of these pipes for gas and water distribution purposes. Moreover, the rising demand for improved broadband connection is also expected to provide a stimulus to the market growth. The governments of countries in the region are promoting the use of these pipes since they minimize greenhouse emissions and can be mechanically recycled multiple times. This is expected to further create a positive outlook for the market in the coming years. On account of the aforementioned factors, the market is anticipated to reach a volume of 483,319 Tons in 2025, expanding at a CAGR of 6.4% during the forecast period (2020-2025).

Market Summary:

  • On the basis of the type, the market has been divided into high density polyethylene (HDPE), low density polyethylene (LDPE), medium density polyethylene (MDPE) and linear low-density polyethylene (LLDPE). Amongst these, the HDPE pipes are the most preferred product type.
  • Based on the application, the market has been categorized into the water supply, irrigation, sewerage and drainage, gas supply, and others. At present, water supply exhibits a clear dominance in the market, accounting for a majority of the total market share.
  • On the geographical front, Saudi Arabia holds the leading position in the market. Other major regions include the UAE, Qatar, Kuwait, Oman and Bahrain.
  • The competitive landscape of the market has been examined in the report with the detailed profiles of the key players operating in the market.

 

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