GCC PVC Pipes Market Size, Share, Trends, Analysis Future and forecast 2023-28

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Let’s Run Through the GCC PVC Pipes Market Insights to Have a Clear View

The GCC PVC Pipes Market is projected to grow at a CAGR of around 4.57% during the forecast period, i.e., 2023-28.

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Examining the Top Competitors of the GCC PVC Pipes Market Size:

In this section, we will explore the GCC PVC Pipes Market from a competitive perspective, providing information on company profiles, financials, resources, key initiatives, R&D investments, strengths, weaknesses, and more. Leading companies in the market often form partnerships & collaborations to engage in joint venture programs, facilitating efficient resource sharing & goal achievement. Now, let's delve into the details & acquaint ourselves with these market players.

• Polyfab Plastic Industry LLC
• Neproplast
• Power Group of Companies
• Al Gawas Plastic Industries
• Super Pipe
• Dubai Polymer
• Unitech Qatar
• Qatar National Plastic Factory W.L.L
• Pipes Technology Co. W.L.L
• SAPPCO
• Other

A Comprehensive Overview of Geographical Diversity:

the GCC PVC Pipes Market expands across:

• The UAE
• Saudi Arabia
• Oman
• Kuwait
• Bahrain
• Qatar

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Significant Driver: Growing Construction within the Hospitality Sector to Generate the Demand

The countries like the UAE, Saudi Arabia, and Oman have emerged as global tourist spots for business tours, leisure tourism, and family functions, as a result of which the country is actively promoting the construction & refurbishing of hotels, lounges, malls, etc. The development of these buildings requires the fittings of PVC pipes to maintain the water supply, the functioning of the HVAC system, and district cooling, thereby generating the demand for these pipes in the country.

In recent years GCC has witnessed global events such as Dubai Expo 2020 & FIFA World Cup, owing to which, the region has experienced a massive influx of visitors for tourism purposes, leading to the construction of new luxury hotels to occupy a large number of visitors. Further, the relaxation of the COVID-19 restriction also played a significant role in expanding tourism within the country. For instance:

• In 2022, the government of Dubai stated that between January-March 2022, Dubai observed nearly 4 million visitors compared to around 1.27 million visitors in 2021. Hence, this placed Dubai at 1st rank in global hotel occupancy rate with about 82%.

The growth in the number of visitors resulted in the construction of new hotels & the refurbishment of the existing ones, which, in turn, generated the demand for PVC Pipes to maintain the water supply & plumbing requirements. Further, the construction of new hotels & buildings also required the installation of HVAC & district cooling. The setting up of this centralized cooling system also demands the fitting of these pipes which are thermally more stable & chemical resistant & therefore are ideal for centralized cooling systems. Thus, the building of new hotels & the installation of centralized cooling systems in them generates augmented demand for these pipes, upscaling the sales bar of the market in the coming years.

GCC PVC Pipes Market Segmentation Outline:

• By Application (Water Supply, Plumbing, HVAC, Wire Cables, Others (Irrigation, etc.))
• By End User (Construction, Oil & Gas, Healthcare, Industrial (Manufacturing))

Key Questions Addressed in the GCC PVC Pipes Market Research Report:

• What is the estimated size, share, & CAGR of the GCC PVC Pipes Marketin the forecast period?
• What are the key trends projected to impact the GCC PVC Pipes Marketduring 2023-28?
• What are the different segments & sub-segments considered in the GCC PVC Pipes Marketresearch study?
• Who are the key stakeholders and players participating in the GCC PVC PipesMarket?
• What would be the demand for different types of products/services in the GCC PVC Pipes Market through 2028?

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Note: The GCC PVC Pipes Market can further be customized with multi-dimensional, deep-level, & high-quality insights as per the specific requirements of clients to help them garner the industry's prospects, effortlessly encounter market challenges, adequately formulate different strategies, and make sound decisions to remain competitive in the market.

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