Plastic pipes are the most broadly utilized all over the globe. Plastic pipes are an imperative portion of the construction industry, with several applications, comprising water pipelines, wastewater, gas pipelines, HAVC system, wastewater drainage system and several others. In addition, commercial, residential and industrial segments entail the construction industry.
The
UAE plastic pipe industry is at an increasing stage with a stable growth rate.
In terms of revenue, the UAE Plastic Pipes and Fittings Market has accounted a
constant growth with positive CAGR during last five years (2012-2017). The
policy of economic diversification has led into remarkable development in foremost
sectors such as tourism, air transport, trade, financial services, manufacturing
and alternative energy. With measured influx of expatriates over the years, the
requirement for residential housing, public & commercial infrastructure has
also progressively grown in the country. The market is registered by organized
players due to the greater quality of products, massive product portfolio and
low cost. Plastic pipes in UAE have their foremost applications in water supply
and sewage applications where great strength, light weight, simple installation
and cost effectiveness of the pipes make it a gorgeous option.
Not
only has this, due to the speedy urbanization, government investments towards the
infrastructural growth due to which there is a demand of pipes for water
distribution systems. The requirement for high performance corrosion resistant
steel and plastic pipes has been propelled by large scale inter provincial oil
and gas projects. Implementation of steel pipes and fittings by several
industries such as Chemicals & Petrochemicals, Mining and several others as
they are corrosion resistant will support the market to rise progressively in
the review period.
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In
addition, the market for plastic pipes and fittings in UAE is principally
concentrated with majority of the market registered by Top 4-5 players. The entire
plastic pipes and fittings industry around UAE has approximately 20-25
manufacturers. Foremost Pipe manufacturers comprise Hepworth, Cosmoplast,
Modern Plastics, National Plastics and several others. Organized producers have
extrusion lines which provisions fittings to small manufacturers. Organized
players also export their products to GCC and African countries. Foremost
parameters of competition comprise price of the product, quality, on requirement
availability of the product, manufacturing values and product customization.
The
UAE
Plastic Pipes and Fittings Market is projected to augment during the review
period. The requirement for the UAE plastic pipes and fittings market is increasing
due to countless reasons. The plastic pipes and fittings are utilized in new
building construction and also in the prevailing buildings. The growing
urbanization raising the requirement of the plastic pipes and fittings. The requirement
of plastic pipes and fittings market is increasing as the replacement of prevailing
pipes and fittings made of iron and steel owing to countless disadvantages such
as corrosion, heavy, and high cost of steel and iron pipes and fittings. The
market for plastic pipes and fittings is increasing as the plastic pipes and
fittings can withstand greater temperatures without getting rusted or wear and
tear. Some industrial chemicals react with the iron, copper, steel pipes and fittings
and several others.
The
UAE plastic pipe market is projected to augment at a positive CAGR from
2018-2022.The construction market is a foremost driver of the U.A.E.’s economy
and is second only to Saudi Arabia in terms of size within the GCC. But the segment
has come under considerable pressure in the past few years owing to the
prolonged slump in oil prices. The U.A.E.’s strategic location, well-developed
financial market, big customer base and localized drivers will endure to make
it one of the most attractive markets around the GCC. Due to the forthcoming
Expo 2020 and the Vision 2021, the construction sector is projected to augment
at a significant pace around the country.
For More Information, refer to below link:-
UAE
Plastic Pipes and Fittings Market Research Report
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