Bahrain Plastic Pipes & Fittings Market Forecasts to 2022: Breakdown by Type of Pipe, Market Structure and End-user Application - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Feb 18, 2019--The “Bahrain Plastic Pipes and Fittings Market Outlook to 2022 - By UPVC, CPVC, PE and Other Plastic Pipe; By End User (Irrigation, Water Supply and Sewage, Plumbing, Chemical and Oil and Others)” report has been added to ResearchAndMarkets.com’s offering.
Market Size: The plastic pipes and fittings market in Bahrain has grown over the years from 2012 to 2017. The organized sector dominated the market due to its superior product quality and low cost.
Government schemes such as Government Action Plan (GAP) of 2015-2018 to construct more housing units, allowing 100% foreign ownership in additional sectors to support FDI growth and schemes to promote tourism in the country have contributed majorly to the market as these schemes have quadrupled the demand for plastic pipes and fittings in the country.
There has also been a shift in consumer preference from steel pipes to UPVC and HPDE pipes in water supply systems as they can withstand the pressure along with being significantly lower priced.
Market Segmentation: In 2017, uPVC pipes and fittings continued to be the most prevalent product followed by CPVC pipes, PE pipes and others in terms of revenue in the Plastic Pipes and Fittings market in Bahrain. The demand for PVC pipes and fittings has been reducing continuously because of the increase in application areas of PE products and changes in consumer preferences.
In 2017, Water supply and Sewage contributed the highest share to the Plastic Pipes and Fittings market of Bahrain. This was followed by the plumbing sector, other applications such as oil and gas transmission, cable protection, healthcare and automotive industries, chemical and oil industries and Irrigation in terms of revenue.
The organized players which consist of those companies which have their own production capacity in the country and can produce in huge volumes occupied a major market share in terms of revenue in the overall market. The number of unorganized players has been decreasing over the past few years primarily with the stagnant market growth. There were not a lot of infrastructure opportunities coming up in the recent years which put a large number of small players out of business.
Bahrain plastic pipes and fittings market is concentrated with the presence of few big players constituting majority of the market. Bahrain Pipes is the market leader with the largest share in terms of sales volume in 2017. The company is the only manufacturer of polybutene-1 in the Middle East. This gives the company a huge advantage and gives it a competitive edge over its competitors in the country. Gulf Plastic Industries is the second largest player followed by Tylos Plastic Industries and Bahrain National Plastic Company.
The future outlook of the industry is positive because as the oil prices are expected to recover in the coming years. It will give a boost to the Bahrain economy and the construction industry would continue to expand with investments in infrastructure, residential and energy projects.
The plastic pipes and fittings market growth will also be driven by the Bahrain Economic Vision 2030, under which the government aims to diversify the country’s economy away from oil and support economic growth. Construction of affordable housing units is also expected to increase. The transition in the preference for plastic type is set to reduce the market of PVC pipes and fittings and consequently increase the market of PE pipes.
By Type of PipeuPVC PVC and CPVC PE PPR, ABS, PVDF and others
By Type of Market StructureOrganized Market Unorganized Market
By Type of End-user ApplicationWater Supply and Sewage Plumbing Chemical and Oil Irrigation Gas Transmission, Cable Protection, Healthcare and Automotive Industries and others
Topics CoveredIntroduction on Bahrain Plastic Pipes and Fittings Market Value Chain Manufacturing Process Stakeholders in the Market Market Size by revenue (2012-2017) Market Segmentation on the Basis of Types of Pipes, Type of Market Structure, Type of End-user Application Factors Determining Prices of the Product Competitive Landscape in the Industry Shares and Company Profiles of Major Players in the Market Common Manufacturing Standards Used Growth Drivers Issues and Challenges Porter Five Forces Analysis Future Outlook for the market including estimated market size in terms of revenue, market segmentation on the basis of type of pipes, type of market structure and type of end user application for the period Snapshot on Middle East Plastic Pipes and Fittings market including market size by revenue, market segmentation on the basis of types of pipes, type if market structure, type of source and type of end user application
Companies ProfiledBahrain National Plastic Company Bahrain Pipes Gulf Plastic Industries Tylos Plastic Industries
For more information about this report visit https://www.researchandmarkets.com/research/3t688d/bahrain_plastic?w=4
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SOURCE: Research and Markets
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PUB: 02/18/2019 05:48 AM/DISC: 02/18/2019 05:48 AM