At 6.0% CAGR, Middle East & Africa Plastic Pipes Market is Projected to be Worth US$ 6,578.08 Million by 2031, says Business Market Insights

According to Business Market Insights’ research, the Middle East & Africa plastic pipes market was valued at US$ 4,140.64 million in 2023 and is expected to reach US$ 6,578.08 million by 2031, registering a CAGR of 6.0% from 2023 to 2031. Innovations in plastic pipe formulation & production processes and growing residential & commercial construction activities are among the critical factors attributed to drive the Middle East & Africa plastic pipes market growth.

The housing market growth is attributed to factors such as population increase, urbanization, and favorable economic conditions. Approximately half of the 7.8 billion people worldwide currently reside in cities and urban regions, with an additional 2.5 billion predicted to move in the next 20 to 25 years. In crowded places where empty lands are scarce, high-rise structures—especially residential ones—have shown to be advantageous. There is an increase in the number of high-rise buildings owing to population growth. Builders construct taller structures that can accommodate more individuals on a lesser footprint. The rising population in the African region is projected to increase the demand for residential construction. According to the Habitat organization, in 2020, to meet the current demand for housing units in Malawi, ~21,000 new units will be required to be built in the next 10 years. Further, as per the data published by the Holcim in 2021, several countries in Africa are facing a shortage of 2 million houses. Thus, investments in housing units have increased in Africa.

The following chart shows the construction spending across the world per year.

Plastic pipes are extensively used in construction applications due to their versatility, durability, and cost-effectiveness. PVC, PEX, and HDPE are preferred materials due to their ease of installation and long lifespan. In commercial construction, plastic pipes are used in water supply, plumbing, HVAC systems, and fire suppression systems. Plastic pipes are used in residential plumbing for both hot and cold-water lines. Therefore, the growing residential and commercial construction activities drive the plastic pipes market.

On the flip side, fluctuations in raw material prices hamper the growth of Middle East & Africa plastic pipes market .

Based on type, the Middle East & Africa plastic pipes market is bifurcated into corrugated and smooth wall. The smooth wall segment held 81.6% market share in 2023, amassing US$ 3,379.72 million. It is projected to garner US$ 5,405.33 million by 2031 to register 6.0% CAGR during 2023–2031.

By material type, the Middle East & Africa plastic pipes market is divided into polyvinyl chloride, high-density polyethylene, polypropylene, and others. The polyvinyl chloride segment held 56.2% share of Middle East & Africa plastic pipes market in 2023, amassing US$ 2,327.49 million. It is anticipated to garner US$ 3,720.19 million by 2031 to expand at 6.0% CAGR during 2023–2031.

In the terms of application, the Middle East & Africa plastic pipes market is segmented into water supply, sewage and drainage, irrigation, gas distribution, and others. The water supply segment held 33.8% share of Middle East & Africa plastic pipes market in 2023, amassing US$ 1,399.01 million. It is anticipated to garner US$ 2,137.33 million by 2031 to expand at 5.4% CAGR during 2023–2031.

Based on end-use industry, the Middle East & Africa plastic pipes market is segmented into construction and infrastructure, water and wastewater management, oil and gas, and others. The construction and infrastructure segment held 37.1% share of Middle East & Africa plastic pipes market in 2023, amassing US$ 1,537.87 million. It is anticipated to garner US$ 2,441.93 million by 2031 to expand at 6.0% CAGR during 2023–2031.

Based on country, the Middle East & Africa plastic pipes market is categorized South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that the Rest of Middle East & Africa captured 34.9% share of Middle East & Africa plastic pipes market in 2023. It was assessed at US$ 1,443.01 million in 2023 and is likely to hit US$ 2,156.16 million by 2031, registering a CAGR of 5.1% during 2023–2031.

Key players operating in the Middle East & Africa plastic pipes market are Advanced Drainage Systems Inc, Aliaxis Holdings SA, Genuit Group Plc, Georg Fischer Ltd, and Reboca, among others.

• July-2022; Uponor IQ Blue is a new generation of stormwater pipes that reduce the carbon footprint by up to 70% over their lifetime. The reduction is achieved owing to its composition of over 50% of raw material from certified renewable feedstock.

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