PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1372088
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1372088
According to SPER Market Research, 'Egypt Pre-Insulated Pipes Market Size- By Type, By Layer, By Material, By Medium, By End Use- Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the Egypt Pre-Insulated Pipes Market is predicted to reach USD 0.06 billion by 2033 with a CAGR of 11.4%.
Pre-insulated pipes are essential in the oil and gas industry to move fluids, chemicals, steam and oil with little energy loss. Since the oil and gas industry is one of the most dynamic in the nation, it is anticipated that it will support the expansion of the Egypt pre-insulated pipes market during the anticipated time. Because they use less energy, pre-insulated pipes effectively deliver cooled and drinkable water.
The market for pre-insulated pipes in Egypt was severely impacted by the COVID-19 pandemic. Disruptions like the supply chain collapse and the requirement to purchase raw materials slowed down market activity. Market participants had to set up a number of backup plans in order to handle the intensity of the outbreak. The market's operations were also impacted by the subpar expansion of the end-use industries, namely oil & gas and construction.