GCC PVC Pipes Market Growth and Development Insight - Size, Share, Growth, and Industry Analysis

GCC PVC Pipes Market Growth and Development Insight - Size, Share, Growth, and Industry Analysis

MarkNtel Advisors recently published a detailed industry analysis of the GCC PVC Pipes Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

GCC PVC Pipes Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2028

GCC PVC Pipes Market The GCC PVC Pipes market is projected to grow at a CAGR of around 4.57% during the forecast period, i.e., 2023-28.

What are the major Driver the GCC PVC Pipes industry?

Growing Construction within the Hospitality Sector to Generate the Demand - The countries like the UAE, Saudi Arabia, and Oman have emerged as global tourist spots for business tours, leisure tourism, and family functions, as a result of which the country is actively promoting the construction & refurbishing of hotels, lounges, malls, etc. The development of these buildings requires the fittings of PVC pipes to maintain the water supply, the functioning of the HVAC system, and district cooling, thereby generating the demand for these pipes in the country.

In recent years GCC has witnessed global events such as Dubai Expo 2020 & FIFA World Cup, owing to which, the region has experienced a massive influx of visitors for tourism purposes, leading to the construction of new luxury hotels to occupy a large number of visitors. Further, the relaxation of the COVID-19 restriction also played a significant role in expanding tourism within the country. For instance:

• In 2022, the government of Dubai stated that between January-March 2022, Dubai observed nearly 4 million visitors compared to around 1.27 million visitors in 2021. Hence, this placed Dubai at 1st rank in global hotel occupancy rate with about 82%.

The growth in the number of visitors resulted in the construction of new hotels & the refurbishment of the existing ones, which, in turn, generated the demand for PVC Pipes to maintain the water supply & plumbing requirements. Further, the construction of new hotels & buildings also required the installation of HVAC & district cooling. The setting up of this centralized cooling system also demands the fitting of these pipes which are thermally more stable & chemical resistant & therefore are ideal for centralized cooling systems. Thus, the building of new hotels & the installation of centralized cooling systems in them generates augmented demand for these pipes, upscaling the sales bar of the market in the coming years.

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What segments define the GCC PVC Pipes market from 2023 to 2028? How do these segments contribute to market dynamics and growth?

• By Type
• Flexible PVC
• Rigid PVC
• By Application
• Water Supply
• Plumbing
• HVAC
• Wire Cables
• Others (Irrigation, etc.)

According to report, Water Supply & Plumbing holds the largest share as these PVC pipes are mainly used within residential & commercial buildings to ensure proper water supply.

• By End User
• Construction
• Oil & Gas
• Healthcare
• Industrial (Manufacturing)

According to report, Here, Construction Sector holds the dominant share within the GCC PVC Pipes market due to the large-scale usage of these pipes in the fittings of newly constructed buildings such as residential houses, hotels, malls, etc.

• By Sales Channel
• B2B
• B2C
• Distributor & Dealers
• Online

Explore the Complete GCC PVC Pipes Market Analysis Report –

https://www.marknteladvisors.com/research-library/gcc-pvc-pipes-market.html

GCC PVC Pipes Market Share & Competitive Landscape:

GCC PVC Pipes Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry's leading companies, highlighting their strengths, financial performance, and market influence.

Geographical Analysis: GCC PVC Pipes Market

By Country:

•  The UAE
• Saudi Arabia
• Oman
• Kuwait
• Bahrain
• Qatar

Leading Companies in the GCC PVC Pipes Market are:

• Neproplast
• Power Group of Companies
• Al Gawas Plastic Industries
• Super Pipe
• Dubai Polymer
• Unitech Qatar
• Qatar National Plastic Factory W.L.L
• Pipes Technology Co. W.L.L
• SAPPCO
• Other

Recent Developments in the GCC PVC Pipes Market

• 2022: Reliance Industries Ltd. announced to collaborate with RSC, an Abu Dhabi-based chemical derivative company to launch EDC & PVC. The production facility would be established in Ruwais Industrial Zone, with an investment of nearly USD2 billion.

Questions Addressed in this Study

1.What factors are driving the GCC PVC Pipes Market growth?

2.How is the GCC PVC Pipes Market expected to grow over the next five years?

3.What are the key insights into the current trends in the GCC PVC Pipes Market?

4.What is the current size of the GCC PVC Pipes Market, and how is it projected to change in the future?

6.What is the future outlook for the GCC PVC Pipes Market in terms of technological advancements and market expansion?

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MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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