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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