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According to IMARC Group latest report titled “GCC Polyethylene (PE) Pipes Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, offers a comprehensive analysis of the industry, which comprises insights on Polyethylene (PE) Pipes market in GCC. The report also includes competitor and regional analysis, and contemporary advancements in the market. The market reached a volume of 354,426 Tons in 2020. The GCC Polyethylene (PE) Pipes Market to grow at a CAGR of 6.2% during 2021-2026.
Polyethylene (PE) pipes are widely used in infrastructural projects across the residential and commercial segments for the construction of sewage and gas supply lines. They are generally manufactured from the polymerization of ethylene to offer excellent durability, resistivity, and flexibility to the product.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
The market in the GCC region is primarily driven by significant growth in the construction industry. This is supported by the rising investments by public and private agencies in infrastructural development projects across the region, which is creating a positive outlook for the market. Moreover, the increasing usage of PE pipes as a preferred alternative to steel pipes across the oil and gas industry is also providing an impetus to the market growth. Along with this, the rising environmental concerns among the masses have provided a boost to the demand for PE pipes to control the emission of greenhouse gasses. Some of the other factors contributing to the market growth across the region include rapid industrialization and the widespread adoption of these pipes in wastewater management solutions.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
GCC Polyethylene (PE) Pipes Market Segmentation:
Our report has categorized the market based on country, type and application.
Key highlights of the report:
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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.
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