The GCC PVC pipes market was worth US$ 1,370 Million in 2018. The market is further projected to reach a value of US$ 1,829 Million by 2024, growing at a CAGR of around 5% during the forecast period. Polyvinyl chloride, also known as PVC, is one of the most popular synthetic resins which is made from polymerisation of vinyl chloride. PVC can be stored for a longer period of time as it is resistant against degradation and oxidation. It is naturally white in colour and has a brittle nature prior to the addition of plasticisers. In its purest form, PVC occurs as a rigid plastic and can also be produced in a flexible or plasticised form. The pipes manufactured by using PVC are strong, light-weight, durable, and resistant to rusting and rotting. These properties enable them to be used in underground wiring, sewerage and water treatment systems. As compared to concrete pipes, PVC pipes have been gaining a momentum across the GCC region.
GCC PVC Pipes Market Drivers
The PVC pipes market in the GCC region is segmented on the basis of application which include water supply, irrigation, sewerage and drainage; plumbing; HVAC; and oil and gas. Amongst these, water supply, irrigation, sewerage and drainage are the major applications of PVC pipes across the region.
On a geographical front, Saudi Arabia currently holds the majority of the GCC PVC pipes market share. This can be highly attributed to improving economic condition of the region which has triggered a rapid rise in the demand for better infrastructure and enhanced water treatment plants. Saudi Arabia is followed by UAE, Bahrain, Oman, Kuwait and Qatar.
This report provides a deep insight into the GCC PVC pipes industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a PVC pipes manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the GCC PVC pipes industry in any manner.
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