According to the latest report by IMARC Group, titled “Bahrain PVC Pipes Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the Bahrain PVC pipes market reached a value of US$ XX Million in 2017. PVC pipes offer various advantages such as flexibility, smooth internal surface, tight joints and cost efficiency. These pipes also possess high inertness and offer corrosion resistance which makes them impervious to bio-contamination. At present, Bahrain is one of the most economically progressive countries across the Middle East. With consistent growth in the construction sector in the country, PVC pipes are increasingly being used in place of cast iron and galvanized pipes. Apart from this, PVC pipes also find applications in advanced fire-sprinkler systems as well as the transportation of drinking water. The demand for high-quality PVC pipes is further expected to rise owing to the expansion of the current desalination capacity in the country on account of the deteriorating ground-water levels, declining natural precipitation and increasing population.
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Market Trends:
In recent years, the sales of PVC pipes have witnessed a higher growth as compared to pipes made from other materials. The higher demand for PVC pipes can be attributed to their ability to withstand high pressure when used in the water supply systems along with their lower effect on the environment. Moreover, with the introduction of the Bahrain Economic Vision 2030, the Government aims to diversify the country’s economy and reduce its dependence on the oil sector. As one of the key growth segments of the Economic Vision is the construction of affordable housing units, it is projected to create an extensive demand for PVC pipes. Additionally, the oil prices in Bahrain are expected to rise which will lead to an overall increase in the investments in alternate energy projects across the region. On account of the aforementioned factors, the Bahrain PVC pipes market is expected to reach a value of US$ XX Million by 2023, at a projected CAGR of X% during 2018-2023.
Bahrain PVC Pipes Market Summary:
Market Breakup by Application
1. Sewerage and Drainage
2. Irrigation
3. Plumbing
4. Water Supply
5. HVAC
6. Oil & Gas
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The report has analyzed the PVC pipes market in Bahrain on the basis of the applications of these pipes in the sewerage and drainage, irrigation, plumbing, water supply, HVAC, and oil and gas segments. Amongst these, sewerage and drainage represent the most popular application segment of PVC pipes in the region.
Competitive Landscape
The competitive landscape of the Bahrain PVC pipes market has also been examined with some of the key players being Gulf Plastic, Bahrain Plastic and Tylos Plastic Industries.
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