Bahrain Plastic Pipes and Fittings by Type of Pipes (uPVC, PVC and CPVC, PE and others including PPR, ABS and PVDF), Type of Market Structure (Organized market and Unorganized market) and Type of End User Application (Water Supply and Sewage, Plumbing, Chemical and Oil, Irrigation and others including Gas Transmission, Cable Protection, Healthcare and Automotive Industries)
September 2018 |Bahrain News
- The changes in consumer preference towards high quality plastic pipes for their desirable properties will have a positive impact on Bahrain Plastic Pipes and Fittings Market.
- Efforts of manufacturers to diversify their product line and come up with better and innovative products will have a positive impact on demand for plastic pipes and fittings in various industries.
- Increasing housing needs of rising population with rising income will act as a boom for the Plastic Pipes and Fittings Market due to the large scale residential projects, which is in line with the Bahrain Economic Vision 2030.
The Bahrain economy will underscore a boost with an expected recovery in oil prices in the coming years along with gusto growth in construction industry with investments in infrastructure, residential and energy projects. The plastic pipes and fittings market growth will be driven by the Bahrain Economic Vision 2030, under which the government aims to diversify the country’s economy away from oil and support economic growth. Construction of affordable housing units is also expected to increase. The transition in the preference for PE Plastic Pipes will impact the demand for PVC pipes and fittings and consequently will increase the market for PE pipes. It is estimated that water supply and sewage sector will still contribute the highest share to the revenue of plastic pipes and fittings in Bahrain as of FY’22. As the demand for plastic fittings will increase, big manufacturers are expected to develop their capabilities in injection molding hence the reliance on the imports of plastic fittings is expected to reduce.
The plastic pipes and fittings market in Bahrain is expected to grow at a great pace on account of infrastructure growth owing to large private investments, projects to improve tourism and related real estate and upcoming water projects as a part of the various development projects in Bahrain.
Analysts at Ken Research in their latest publication “Bahrain Plastic Pipes and Fittings Market Outlook to 2022 – By UPVC, CPVC, PE and Other Plastic Pipe; By End User (Irrigation, Water Supply and Sewage, Plumbing, Chemical and Oil and Others)” believe that reduction of wastage and spillage while manufacturing, keeping up with advanced technology, tracking upcoming government and private construction projects, diversification of product line, supply of plastic resin from multiple sources, increasing production capacity of PE products, usage of by-product and focus on increasing manufacturing capacity for fittings will aid the manufacturers of plastic pipes and fittings in Bahrain to grow and achieve higher profits.
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