GCC CPVC Pipes Market Report 2022, Size, Share, Price Trends and Forecast to 2027

The GCC CPVC pipes market size reached US$ 472.1 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 628.2 Million by 2027, exhibiting a growth rate (CAGR) of 5% during 2022-2027.

Year Considered to Estimate the Market Size:
Base Year of the Analysis: 2021
Historical Period: 2016-2021
Forecast Period: 2022-2027

Chlorinated polyvinyl chloride (CPVC) is a thermoplastic which is produced by the chlorination of the polyvinyl chloride (PVC) resin. Since it is relatively more flexible and lightweight than PVC and can withstand high temperatures, it is employed in the manufacturing of pipes. In the GCC region, CPVC pipes are gaining popularity in the commercial and residential sectors. As compared to galvanized metal pipes, CPVC pipes are easy to install and maintain; offer resistant against corrosion, tuberculation, and deposits; and are available in a wide range of sizes. These features, coupled with the rising awareness about health, hygiene, sanitation as well as wastewater management in the region, is boosting the sales of these pipes.

Covid-19 Scenario:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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GCC CPVC Pipes Market Trends:

For years, the GCC countries have been dependent on the oil and gas industry for economic growth. However, falling oil prices have encouraged the regional governments to diversify their economies by investing in other sectors. Besides this, they have also initiated various development projects, such as NEOM City, Saudi Vision 2030, Jeddah Waterfront and Entertainment City, to promote the influx of tourists. In addition to this, the hospitality sector in the region is flourishing due to the increasing religious tourism, and the rising number of cafes, hotels and restaurants. This, in turn, is offering lucrative opportunities to the manufacturers of the CPVC pipes in the GCC region. Further, the governing authorities are also investing in the improvement of agriculture, transportation, water distribution, and telecommunication sectors which, in turn, is proliferating the demand for CPVC pipes in the region. On account of these factors, the CPVC pipe market in the GCC region is anticipated to witness stable growth in the upcoming years.

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Insights on Market Segmentation:

Breakup by Application

1. Plumbing

2. Water Supply Systems and Chemical Industry

3. Sewerage, Drainage and Irrigation

4. Others

Based on the application, the market has been classified into plumbing; water supply systems and chemical industry; sewerage, drainage and irrigation; and others. Amongst these, plumbing accounts for the majority of the total market share.

Breakup by Region

1. Saudi Arabia

2. UAE

3. Kuwait

4. Bahrain

5. Oman

6. Oman

Region-wise, Saudi Arabia represents the largest market for CPVC pipes in the GCC region. Other major markets include the UAE, Kuwait, Bahrain and Oman.

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This release was published on openPR.