The polyethylene (PE) pipes market in the GCC reached a volume of 310,438 Tons in 2018.
It is projected to reach a volume of 454,247 Tons by 2024, at a CAGR of 6.5% during 2019-2024, as per Reportlinker.
PE pipes offer numerous benefits that plays a major role in driving their demand in the GCC region. This includes low maintenance costs, easy installation process, corrosion and fatigue resistant properties and longer service life. The rapid increase in the demand for cheaper alternatives to steel pipes for the purpose of distributing oil and natural gas is one of the key factors propelling the demand of the GCC polyethylene pipes. Moreover, the major demand for PE pipes in the GCC region comes from the construction and infrastructure sector that includes water and gas distribution in residential and commercial units. Driven by strong economic growth and rising population, the construction industry in the GCC region has witnessed healthy growth rates in recent years. The Government in the region has been promoting the usage of PE pipes as they help in reducing the greenhouse gas emissions. Additionally, these pipes are used in desalinating seawater, treating wastewater and supplying water for irrigation purposes. Moreover, PE pipes are superior to steel and cement pipes and are being widely preferred in agricultural applications
Currently, HDPE pipes dominate the PE pipes market, holding the largest market share. The major applications of these pipes are water supply, irrigation, sewerage and drainage, gas supply. Water supply represents the biggest application sector, accounting for the largest market share. The market consists of numerous small and large players who compete in terms of prices and quality. The report provides an insight into the competitive landscape along with the profiles of the key players operating in this market.