Muna Noor opened its new exclusive store in order to improve its reach to the end user.
Positioning of Oman Plastic Pipe
Market
Oman
plastic pipe and fitting market is in its late growth stage. The market has
registered a single digit five year CAGR during 2012-2017. The raw materials
used in manufacturing of plastic pipes and fittings are easily available in the
country and is the very important reason for high value of domestic
manufacturing. The market depends largely on the infrastructure growth in the country.
The market has grown at slower pace than expected due to economic crisis (due
to fall in oil price) that has engulfed Oman.
Private Participation Leading to
Improving Economic Situation
The
economic slowdown has adversely affected the infrastructure sector of the
country as government spending has reduced substantially over the years. The
steps taken by government in order to achieve economic diversification had a
positive effect on the plastic pipe and fitting market. Infrastructure projects
undertaken by the private sector have increased in value over the last few
years and had positive Impact on the market. Construction of Duqm special
economic zone have also boosted the plastic pipes and fitting market. Among
plastic pipe and fitting market plastic fittings are mostly imported from
neighboring countries. Water conservation is one of the major trends that can
be observed in Oman which has affected the plastic pipe and fitting market a
lot.
The
newest type of pipes such as ABS, PPR, PPX are of high quality but at the same
time are very high priced. Amiantit Oman, Muna Noor, Hepworth are some of the
players in organized sector of plastic pipe and fitting. There are less than 10
players in the organized market and these companies manufacture high grade of
plastic pipe and fittings. The players in unorganized market mostly manufacture
PVC pipes only.
According
to Ken Research report titled “Oman
Plastic Pipe and Fitting Market Outlook to 2022 By Type of Pipe (UPVC, CPVC and
PVC, PE, Others) and By End User Application (Irrigation, Water Supply &
Sewage, Plumbing, Chemical & Oil, Others)” infrastructure growth,
increase in tourism and readily available raw materials are the major growth
drivers in Oman plastic pipe and fitting market. Low oil prices, poor
conformation to industry standards and lack of injection molding techniques are
the major restraints in the growth of the fittings market.
Key Topics Covered in the Report:
Oman
Pipes Fittings Market
HDPE
Pipes Industry Oman
PPR
Pipes Market Oman
Plastic
pipes manufacturing Oman
Plastic
Pipes for Oman Water Projects
Plastic
Pipes and Fittings Manufacturing Oman
Plastic
Pipes Manufacturers Oman
By-Products
of Plastic Pipes
PVC
resins Market Oman
Plastic
Pipes Applications Oman
For more information on the research
report, refer to below link:
Related Reports
Contact Us:
Ken
Research
Ankur
Gupta, Head Marketing & Communications
+91-9015378249