PUBLISHER: IMARC | PRODUCT CODE: 1518666
PUBLISHER: IMARC | PRODUCT CODE: 1518666
The GCC CPVC pipes market size reached US$ 519.8 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 758.3 Million by 2032, exhibiting a growth rate (CAGR) of 4.2% during 2024-2032.
Chlorinated polyvinyl chloride (CPVC) is a thermoplastic produced by the chlorination of the PVC resin. As CPVC can withstand high temperatures and is more flexible than standard PVC, it is used for manufacturing pipes which are further utilized for dispensing hot and cold water, and industrial liquid handling. In comparison with conventional galvanized pipes, CPVC pipes offer advantages such as long service life, ease of installation and maintenance, additional safety, and resistance to corrosion. In the GCC region, growing awareness about health, hygiene, sanitation and wastewater management is increasing the demand for lightweight, sustainable and acoustic drainage pipes. As a result, CPVC pipes are gaining traction in the commercial and residential sectors in the region.
Traditionally, the GCC countries have relied on the oil and gas industry for economic growth. However, the governments of these countries have resolved to diversify their economies after the recent fall in oil prices. In line with this, they have introduced different development projects, such as Saudi Vision 2030, NEOM City, Jeddah Waterfront and Entertainment City, for escalating the influx of tourists in their countries. Additionally, due to strong growth in the hospitality sector on account of the rising number of cafes, hotels and restaurants, and religious tourism, the GCC region holds lucrative opportunities for manufacturers in the CPVC pipes industry. Moreover, the governments are investing in the development of transportation, telecommunication, water distribution, agriculture and other infrastructures which, in turn, is proliferating the demand for CPVC pipes.
IMARC Group provides an analysis of the key trends in each segment of the GCC CPVC pipes market report, along with forecasts at the regional and country levels from 2024-2032. Our report has categorized the market based on applications.
Plumbing
Water Supply Systems and Chemical Industry
Sewerage, Drainage and Irrigation
Others
At present, plumbing represents the largest application area accounting for the majority of the total market share.
Saudi Arabia
UAE
Kuwait
Bahrain
Oman
Qatar
Region-wise, Saudi Arabia enjoys the leading position in the GCC CPVC pipes market.
IKK Group
AGM
SAPPCO
MMT Group