According to the latest report by IMARC Group, titled “GCC PVC Pipes Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the GCC PVC pipes market size reached US$ 1,181 Million in 2020. Polyvinyl chloride (PVC) pipes are manufactured by combining plastic and vinyl materials. These pipes are safe, durable, lightweight, easy to install, and cost-effective. They are eco-friendly and recyclable and require minimum maintenance, less energy, and fewer resources in production. They are widely utilized in drain-waste-vent (DWV), sewers, water mains, water service lines, irrigation, conduit, and several other industrial installations. Moreover, as they are resistant to chemicals such as acids, bases, salts, and oxidants, their demand is escalating around the GCC region.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
GCC PVC Pipes Market Trends:
PVC pipes are extensively used in the construction of buildings in earthquake-prone areas on account of their shaking and bending properties. This, along with the flourishing construction industry, represents one of the key factors strengthening the growth of the market. Additionally, governing agencies of several countries in the GCC region are focusing on improving the transportation, telecommunications, and agriculture infrastructure, which is positively influencing the sales of PVC pipes. Moreover, there is a significant increase in the demand for PVC pipes in numerous water supply schemes due to their high tensile strength and resistance against environmental degradation. Furthermore, a considerable growth in the agriculture industry, coupled with the expanding water desalination capacity in several countries, is positively influencing the market in the region. Apart from this, the leading players are focusing on introducing innovative pipes by enhancing the product quality and developing product lines via advanced technologies. This is anticipated to offer lucrative opportunities to market players in the coming years. Looking forward, the market value is projected to reach US$ 1,526 Million by 2026, expanding at a CAGR of 4.36% during the forecast period (2021-2026).
- Based on the application, the market has been divided into the water supply, irrigation, sewerage, and drainage; plumbing; heating, ventilation, and air conditioning (HVAC); and oil and gas sectors. At present, the water supply, irrigation, sewerage, and drainage sector accounts for the majority of the total market share.
- Region-wise, the market has been segregated into the United Arab Emirates (UAE), Saudi Arabia, Oman, Bahrain, Kuwait, and Qatar. Amongst these, Saudi Arabia enjoys the leading position in the market.
- The competitive landscape of the market has been examined in the report, along with the profiles of the key players operating in the industry.
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