Kuwait Plastic Pipe and Fitting Market is Expected to Reach USD 212 Million by 2022: Ken Research

• Under the Kuwait Development Plan (KDP) 2015-2020, the government has plans to initiate several infrastructural development projects which will increase the demand for plastic pipes for water supply, sewage and plumbing applications.
• Government and Private sector investments in construction and oil and gas industries in the country are expected to increase which will increase the demand for plastic pipes and fittings in the country
• The greenhouse and hydroponic agriculture in the country is likely to grow with significant pace in the future which will help the plastic pipe market in the country to grow.

The Kuwaiti plastic pipe and fittings market is likely to witness growth in near future. The organized sector is likely to continue to dominate the market. The Kuwaiti plastic pipe market may also witness import of some foreign brands in future. Competition for tenders and contracts by government department and construction companies is likely to further increase which might affect the prices of the products.

The market has a positive outlook for the future during the forecast period 2018-2022. Although, owing to the decline of OPEC oil prices, the country has faced a bottleneck situation in the past few years. The outlook for the future looks promising for the country. The economy is stable and is gradually reviving. For sustainable growth of the economy, the government has envisioned New Kuwait. This vision seeks sustainable social and economic development in the country. As a result to reduce its dependence on oil and instill growth in other sectors, the government has outlined several infrastructural development projects under the Kuwait Development Plan (KDP) 2025-2020. The housing and real estate sector is likely to witness a boost in Kuwait. Development of non-oil sector such as tourism has also been outlined. Expansion of current oil production capacity and exploration of new gas fields in Northern Kuwait will further help the plastic pipe market in the country to grow.

Analysts at Ken Research in their latest publication “Kuwait Plastic Pipes and Fittings Market Outlook to 2022 - By Type of Pipes (UPVC, PVC and CPVC, PE and Others) and Type of End Use Applications (Irrigation, Water Supply and Sewage, Plumbing, Chemical and Oil and Others)” believe keeping up with advanced technology, development of new PE products and tracking upcoming government and private construction projects will help in maximizing the delivered value from manufacturers to the end users.

Kuwait plastic pipe and fittings market is expected to register positive CAGR of more than 4.5% during the period 2017-2022 with organized players expected to gain further share in the market.

For more information on the research report, refer to below link:
https://www.kenresearch.com/manufacturing-and-construction/machinery-and-parts/kuwait-plastic-pipes-fittings-market/175022-97.html

Key Segments Covered
By Type of Pipe
• uPVC
• PE
• CPVC
• PP
• Others (PP, ABS, PVDF, PB and others)

By Type of Market Structure
• Organized Market
• Unorganized Market

By Type of End User Application
• Water Supply and Sewage
• Plumbing
• Industrial
• Irrigation
• Others (Cable Protection- Telecom, power and electrical, Healthcare, HVAC and other Industries)

By Domestic Manufacturing and Imports

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:
2013-2017 – Historical Period
2018-2023 – Future Forecast

Major Companies Covered:
Aladasani Ent. Kuwait, National Industries Company, Khorafi Plastic Industries Co., Kuwait International Advanced Industries, Sulaiman Alqudaibi Co and CapTec PVC & PPR Factory

Related Reports
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https://www.kenresearch.com/manufacturing-and-construction/machinery-and-parts/uae-plastic-pipes-fittings-market/170499-97.html

https://www.kenresearch.com/manufacturing-and-construction/machinery-and-parts/jordan-plastic-pipes-fittings-market/170255-97.html

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Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
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