According to the latest report by IMARC Group, titled “Kuwait PVC Pipes Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the market size grew at a CAGR of 6% during 2013-2018. Kuwait is one of the wealthiest countries in the GCC region, with a high per capita income. It is currently experiencing a rise in the demand for polyvinyl chloride (PVC) pipes owing to the associated benefits such as lightweight and non-corrosive nature. Moreover, as these pipes are cost-effective, easy to install, have high tensile strength and can withstand high fluid pressure, they are rapidly replacing conventional metal pipes in plumbing applications in the country. Moreover, the production of PVC pipes consumes nearly four times lesser energy and incurs relatively lower losses of raw materials than metal pipes. In addition to this, these pipes are widely utilized in telephone ducting and electrical conduits since they offer advantages such as smooth internal bore, a wide range of diameters and high impact strength.
Report Overview: https://www.imarcgroup.com/kuwait-pvc-pipes-market
Kuwait PVC Pipes Market Trends:
With the implementation of the 5 Year Development Plan (2015-2020), Kuwait is witnessing an increase in several construction projects that are either underway or in development. The governing authorities in the country are spending substantially on residential and commercial construction projects which, in turn, is strengthening the growth of the PVC pipes market in Kuwait. Apart from this, Kuwait’s coast is located near one of the shallowest and most saline sections of the Arabian Gulf. Therefore, the country depends on the desalination process to meet its potable water requirements. The government is further investing in water treatment plants to mitigate the negative impact of the wastewater on the environment. Besides this, the Kuwait Public Housing Authority is increasingly employing PVC pipes in mega-housing projects to accommodate the increasing population in the country. Besides this, complete recyclability of PVC makes the environmental footprint of these pipes far smaller than the alternative piping materials which is boosting the sales of these pipes in Kuwait. On account of these factors, the market is projected to witness moderate growth during 2019-2024.
Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/kuwait-pvc-pipes-market/requestsample
Market Summary:
Browse similar reports by IMARC Group
Oman PVC Pipes Market Report and Forecast: https://www.imarcgroup.com/oman-pvc-pipes-market
UAE PVC Pipes Market Report and Forecast: https://www.imarcgroup.com/uae-pvc-pipes-market
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Media ContactCompany Name: IMARC GroupContact Person: Richard LewisEmail: Send EmailPhone: 6317911145Address:309 2nd St City: BrooklynState: New YorkCountry: United StatesWebsite: www.imarcgroup.com
