Kuwait PVC Pipes Market to Reach US$ 237.4 Million by 2032, Catalyzed by Significant Growth in Construction Industry

November 23, 2022 | Chemical & Materials

According to the latest report by IMARC Group, titled “Kuwait PVC Pipes Market Report by Application (Sewerage and Drainage, Plumbing, Water Supply, HVAC, Oil and Gas, Irrigation) 2024-2032," the Kuwait PVC pipes market size reached US$ 174.1 Million in 2023. Polyvinyl chloride (PVC) refers to a high-strength thermoplastic material used to manufacture plumbing and drainage pipes. They are widely employed in sewerage, water systems, gas supply, electrification applications, and underground wiring. PVC pipes are durable, sustainable, resistant to corrosion and heat, lightweight, cost-effective, and offer easy transportation and installation. As compared to traditionally used pipes, PVC pipes exhibit resistance to fire and bacterial contamination and can withstand extreme movements and bending. They also offer high impact strength and smooth internal bore and are available in different diameters, due to which they are widely used in telephone ducting and electrical conduits in the country.

Kuwait PVC Pipes Market Trends:

Significant growth in the construction industry in the country is creating a positive outlook for the market. PVC pipes are highly flexible, have leak-proof joints, and are widely used in residential and commercial ventilation and exhaust systems. In line with this, the widespread product adoption in water management systems and for transporting drinking water, as the country depends on the desalination process to meet its potable water requirements, is favoring the market growth. The surging demand for PVC pipes can also be attributed to its numerous benefits, such as resistance to contamination and minimized risks of microbial contamination festering from within the pipe, thus acting as another growth-inducing factor. In addition, the production of PVC pipes consumes lesser energy and utilizes relatively fewer raw materials than metal pipes, which is considerably propelling the market growth. Besides this, PVC pipes can be recycled, making the environmental footprint of these pipes smaller than conventional piping materials, which, in turn, is inflating the overall product sales in Kuwait. Apart from this, the governing authorities in the country are spending substantially on residential and commercial construction projects, which is providing an impetus to the market growth. Furthermore, the widespread utilization of the pipe for hydroponic irrigation due to the development of greenhouse and hydroponic farms is propelling the market growth. Additionally, the increasing consumer preference towards sustainable products to minimize carbon footprints is positively influencing the market growth. Other factors, including the widespread product utilization in sewage and plumbing applications and the implementation of various government initiatives promoting infrastructural development projects, are anticipated to drive the market growth. On account of the aforementioned factors, the market value is expected to reach US$ 237.4 Million by 2032, exhibiting a CAGR of 3.4% during 2024-2032.

Market summary

On the basis of the application, the market has been categorized into sewerage and drainage, plumbing, water supply, HVAC, oil and gas, and irrigation. At present, the sewerage and drainage segment accounts for the majority of the total market share.
The competitive landscape of the industry has also been examined, with some of the key players being Aladasani, National Industries Company, Khorafi Plastic Industries Co., and Al Amal Company.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Million, ‘000 Tons
Scope of the Report	Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment: Application
Applications Covered	Sewerage and Drainage, Plumbing, Water Supply, HVAC, Oil and Gas, Irrigation
Companies Covered	Aladasani, National Industries Company, Khorafi Plastic Industries Co. and Al Amal Company
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699
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Kuwait PVC Pipes Market to Reach US$ 237.4 Million by 2032, Catalyzed by Significant Growth in Construction Industry

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