The PVC Pipes Market in GCC (2018-2023): CAGR is Projected to Grow at 5% - ResearchAndMarkets.com
Sep. 07, 2018
DUBLIN--(BUSINESS WIRE)--Sep 7, 2018--The "GCC PVC Pipes Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.
The GCC PVC pipes market was worth US$ 1,302 Million in 2017. The market is further projected to reach a value of US$ 1,745 Million by 2023, at a CAGR of around 5% during the forecast period.
The construction sector of the GCC region has been witnessing a healthy growth which has given a rise to the investments made for better construction materials. This is a primary factor which has been catalysing the growth of the PVC pipes market.
In the GCC region, PVC pipes are increasingly being used for numerous water supply schemes as they exhibit high tensile strength and resistance against environmental degradation which has positively influenced the growth of the GCC PVC pipes market.
The PVC pipes market in the GCC region is segmented on the basis of application which include water supply, irrigation, sewerage and drainage; plumbing; HVAC; and oil and gas. Amongst these, water supply, irrigation, sewerage and drainage are the major applications of PVC pipes across the region.
On a geographical front, Saudi Arabia currently holds the majority of the GCC PVC pipes market share. This can be highly attributed to improving economic condition of the region which has triggered a rapid rise in the demand for better infrastructure and enhanced water treatment plants. Saudi Arabia is followed by UAE, Bahrain, Oman, Kuwait and Qatar.
Key Topics Covered
2 Scope and Methodology
3 Executive Summary
5 GCC PVC Market
6 GCC PVC Pipes Market
7 GCC PVC Pipes Market: By Region
8 GCC PVC Pipes Market: By Application
9 PVC Pipes Manufacturing Process
10 Project Details, Requirements and Costs Involved
11 Loans and Financial Assistance
12 Project Economics
13 Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/research/nj6sjr/the_pvc_pipes?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180907005473/en/
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SOURCE: Research and Markets
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PUB: 09/07/2018 03:54 PM/DISC: 09/07/2018 03:54 PM