(I-BusinessNews.Com, July 23, 2019 ) The latest report by IMARC Group, titled ÂUAE PVC Pipes Market Research Report and Forecast 2019-2024Â, finds that the UAE PVC pipes market size is expanding at a steady rate. PVC pipes are a type of plastic pipes that are commonly utilized for plumbing and drainage purposes. They are produced by blending polymer resin and other additives in an extrusion process which requires less energy and few resources. These pipes are safe, durable, resistant to fracture and chemically inert in nature. Moreover, as PVC pipes are lightweight, they offer ease of handling, installation and transportation. These pipes are also environment-friendly as they can be easily recycled. On account of these benefits, PVC pipes find vast applications in the UAE, particularly as an alternative for polyethylene or ductile iron pipes for the transportation of potable water.
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UAE PVC Pipes Market Trends:
Rapid urbanization and strong economic growth in the UAE have led local governments to invest heavily in upgrading wastewater treatment plants and expand the sewage systems. For instance, Abu Dhabi Sewerage Services Company (ADSSC) has launched several projects that aim at replacing old infrastructure and establishing new wastewater treatment plants in strategic locations of Al Ain, Abu Dhabi and Western Region. Apart from this, the construction industry in the region is expected to witness significant expansion in the recent future on account of the thriving tourism industry and the upcoming Expo 2020 Dubai. The event site is expected to include a free zone, commercial centers and a residential complex, which is anticipated to create a positive outlook for the market growth. Furthermore, the upcoming residential projects in the region are being equipped with advanced fire sprinkler systems for enhanced safety in case of fires. Since PVC pipes form an essential component of these systems, their sales are boosting across the region. Owing to these factors, the UAE PVC pipes market is expected to grow at a CAGR of 2.05% during 2019-2024.
Browse full report with detailed TOC and list of figures and tables: https://www.imarcgroup.com/uae-pvc-pipes-market
Insights on Market Segmentation:
Market Breakup by Application:
Based on the application, the market has been divided into sewerage and drainage, plumbing, irrigation, HVAC, oil and gas, and water supply. Amongst these, the sewage and drainage segment exhibits a clear dominance in the market, accounting for the majority of the total market share.
The competitive landscape of the market has also been studied in the report with some of the key players being Cosmoplast, Shamo Plast Industries Ltd., Hepworth and National Plastic.
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