GURUGRAM, India, October 31, 2018
GURUGRAM, India, October 31, 2018 /PRNewswire/ --
The plastic pipe and fittings market in Oman is in the late growth stage and is mainly driven by innovation which has increased the pressure and temperature bearing capacity. The industry's future outlook is positive as the economy of the country is expected to recover from the oil price crisis. It is anticipated that the PE pipes will grow at the fastest pace among all the types of plastic pipes and will be mainly due to surge in demand from end user application. The use of PVC pipes is expected to reduce due to substitution by other types of plastic pipes. Elbow joints and T joints are the most common types of fittings that are used in the market. The market share of organized sector manufacturers is expected to increase further by 2022. The domestic manufacturing is expected to grow as many manufacturers are expected to increase their capacity and utilization to meet the increased demand for plastic pipes in the near future. Plastic pipes used in oil and chemical industry along with water supply and sewage pipelines is expected to increase at faster pace among other end user applications.
Industrial growth, Increased commercial activity, rise in public sector spending, and private investments are a few trends that are expected to drive the market in the near future. Increased focus on conservation of environment, improvement in return on investment are among the major reasons for high demand for plastic pipes and fittings application in domestic and industrial application. Innovations in type of pipes and fittings is expected to drive the market forward as the help in wider application and improved commercialization of product leading the industry to achieve economies of scale.
Analysts at Ken Research in their latest publication "Oman Plastic Pipe and Fitting Market Outlook to 2022 By Type of Pipe (UPVC, CPVC and PVC, PE, Others) and By End User Application (Irrigation, Water Supply & Sewage, Plumbing, Chemical & Oil, Others)" believe that reduction of wastage and spillage while manufacturing, keeping up with advanced technology, tracking upcoming government and private construction projects, research and development centre for plastic resins and increased awareness about new types of plastic pipes will help in maximizing the delivered value from manufacturers to the end users. Manufacturers should focus on increasing the perceived value of their products by communicating the long term benefits of their products.
For more information on the research report, refer to below link:
Key Segments Covered
By End User Application:
By Type of Pipes:
By Type of Market Structure
Key Target Audience
Time Period Captured in the Report:
2012-2017 - Historical Period
2017-2022 - Future Forecast
Key Topics Covered in the Report
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Ankur Gupta, Head Marketing