Navigating the Future: 2023-2028 GCC PVC Pipes Market Insights
MarkNtel Advisors latest report titled
Report by GCC PVC Pipes Market Report –Analysis,
Scope, Trends, Forecast 2023-2028 indicates that the is projected to grow
at a CAGR of around 4.57% during the forecast period, i.e., 2023-28.
GCC PVC Pipes Market
Driver:
Significant Driver:
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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GCC PVC Pipes Market
Segmentation:
-By Type
-Flexible PVC
-Rigid PVC
-By Application
-Water Supply
-Plumbing
-HVAC
-Wire Cables
-Others (Irrigation, etc.)
-By End User
-Construction
-Oil & Gas
-Healthcare
-Industrial (Manufacturing)
-By Sales Channel
-B2B
-B2C
-Distributor & Dealers
-Online
-By Country
-The UAE
-Saudi Arabia
-Oman
-Kuwait
-Bahrain
-Qatar
Explore the Complete GCC
PVC Pipes Market Analysis Report – https://www.marknteladvisors.com/research-library/gcc-pvc-pipes-market.html
Who are the leading
key players shaping the GCC PVC Pipes Market landscape?
Polyfab Plastic Industry LLC, 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, Others
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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