Thursday, September 27, 2018

Bahrain Plastic Pipes and Fittings Market is Driven by Increasing Private Investment in Infrastructure and Development Projects and Increase of Government Focus on Non-Oil Sectors of the Economy: Ken Research

Programmes and policies to promote tourism increase in residential construction projects to meet excess housing demand and changes in consumer preference towards high quality plastic pipes for their desirable properties have driven the growth of plastic pipes and fittings in Bahrain.
The Bahrain Plastic Pipes and Fittings Market is at its late growth stage. The market growth has stagnated as the decrease in oil prices has impacted the demand of plastic pipes and fittings in the country and there were not many infrastructure projects coming up in the recent years. The industry is highly correlated with the development in the infrastructural, mining and construction of new house dwellings in the country. There has been a trend of substituting PVC pipes and fittings by PE pipes and fittings in the past few years due to changes in consumer preferences. The water supply and sewage end use application continues to be the leading end user application of the plastic pipes and fittings in Bahrain. The market is concentrated with few organized players dominating the market.
The organized sector dominates the market due to its superior product quality and low cost. Government schemes such as Government Action Plan (GAP) of FY’15- FY’18 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 economical. Plastic Pipes and Fittings Market in Bahrain is highly competitive amongst the major players, and consequently, companies are increasingly focusing on product diversification to consolidate and expand their market shares.
Analysts at Ken Research in their latest publication “Bahrain Plastic Pipes and Fittings Market Projections to 2022- By Type of Pipes (UPVC, CPVC, PE and Others) and Type of End Use Applications (Irrigation, Water Supply and Sewage, Plumbing, Chemical and Oil and Others)” believe that reduction of wastage and spillage while manufacturing, keeping up with advanced technology, tracking upcoming government and private construction projects, diversification of product line, supply of plastic resin from multiple sources, increasing production capacity of PE products, usage of by-product and focus on increasing manufacturing capacity for fittings will aid the manufacturers of plastic pipes and fittings in Bahrain to grow and achieve higher profits.
Key Segments Covered
By Type of Pipe
uPVC, PVC and CPVC, PE, PPR, ABS, PVDF and others
By Type of Market Structure
Organized Market
Unorganized Market
By Type of End User Application
Water Supply and Sewage, Plumbing, Chemical and Oil, Irrigation, Gas Transmission, Cable Protection, Healthcare and Automotive Industries and others
Key Target Audience
Plastic Pipes and Fittings Manufacturers, Plastic Resins Manufacturers, Major Importers of Plastic Pipes and Fittings, Private Equity Ventures
Time Period Captured in the Report:
2012-2017 – Historical Period
2017-2022 – Future Forecast
Plastic Pipes and Fittings Manufacturing Companies:
Bahrain Pipes, Gulf Plastic Industries, Tylos Plastic Industries, Bahrain National Plastic Company
Key Topics Covered in the Report
Raw Materials for Plastic Pipes Bahrain
Plastic Pipes and Fittings Manufacturing Bahrain
HDPE Pipes Industry Bahrain
Plastic Pipes Manufacturers Bahrain
Bahrain Water Projects
By-Products of Plastic Pipes
Plastic Pipes Applications Bahrain
Plastic pipes manufacturing Bahrain
For more information on the research report, refer to below link:
Related Reports
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249

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