According to the latest report by IMARC Group, titled "Qatar PVC Pipe Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025," the Qatar PVC pipe market size reached US$ 121 Million in 2019. Polyvinyl chloride (PVC) pipes, made from a combination of vinyl and plastic, are extensively utilized for plumbing and drainage applications. Safe, non-toxic and inert in nature, these pipes are extremely durable, easy to install and quite affordable. They also have high resistance to corrosion and a long life span. Apart from this, PVC pipes have a smooth wall surface, which results in reduced friction and resistance to fluids. They also utilize lesser energy and fewer resources during their production, owing to which they are widely replacing traditionally used pipes, including metal and glass pipes.
Qatar PVC Pipe Market Trends:
The market is primarily driven by the development of sustainable drainage infrastructure across Qatar. The Government of Qatar, along with several private and public authorities, are taking crucial initiatives for the implementation of effective drainage projects in the country. For instance, by 2024, the Public Works Authority (Ashghal) aims to set up a public-private partnership (PPP) model sewage treatment plant project in certain catchments areas to provide impetus to sustainable practices. Significant growth in the residential sector across the country is providing a thrust to the market growth. Upcoming residential projects are largely being equipped with high-tech fire sprinkler systems with PVC pipes to avoid fatal fire breakouts, which is further contributing to the demand for these pipes. Moreover, initiatives such as the Qatar National Vision 2030 and the country’s booming tourism industry have resulted in the expansion of the construction industry, which has resulted in the escalating demand for PVC products and pipes. Significant growth in the hospitality sector has also been witnessed to accommodate the inflow of tourists due to crucial events that are scheduled to take place in the country, including the FIFA World Cup in 2022 and the World Aquatics Championships in 2023, thereby creating a positive outlook for the market. On account of the aforementioned factors, the market is expected to reach a value of US$ 203 Million by 2025, expanding at a CAGR of 9.3% during 2020-2025.
- Based on the application, the market has been divided into sewerage and drainage, plumbing, water supply, HVAC, oil and gas, and irrigation. Among these, sewerage and drainage account for the majority of the total market share.
- The competitive landscape of the market has been examined in the report with the detailed profiles of the key players operating in the market. Some of these players include Qatar National Plastic Factory, Al-Khayarin Group of Companies (KG Group), Uniplast Ltd., and Hepworth P.M.E. L.L.C.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Follow us on twitter: @imarcglobal