Jordan Plastic Pipe and Fitting Market is Expected to Reach USD 36.7 Million by 2022: Ken Research

Jordan Plastic Pipe and Fitting Market is Expected to Reach USD 36.7 Million by 2022: Ken Research

PR Newswire

GURUGRAM, India, November 13, 2018

GURUGRAM, India, November 13, 2018 /PRNewswire/ --

Jordan Plastic Pipe and Fitting Market Outlook to 2022- By Type of Pipe (uPVC, PE, CPVC & Others), By End User Application (Water Supply and Sewage, Plumbing, Chemical and Oil & Gas, Irrigation and Others), By Market Structure (Organized and Unorganized) and By Domestic Manufacturing & Imports 

The plastic pipe and fittings market in Jordan is tending towards maturity stage in many product categories and is likely to witness introduction of newer players in the organized as well as the unorganized sector with an advent of newer technologies. With the entry of newer players in future, the market will become less concentrated promoting healthy competition and might also result in decrease of overall plastic pipes and fitting prices. Majority of the market share is expected to be held by only a handful of players. The market has a positive outlook for the future with positive CAGR during the forecast period 2018-2022. With the financial help from IMF and its GCC allies including Qatar, the Jordanian government is making every effort to reduce its public debt and come out of the economic crises that it is facing. The consumption of plastic pipe in water supply and sewage application are likely to increase significantly owing to introduction of various projects by the government under the Jordan Economic Growth Plan 2018-2022 and National Water Strategy 2016-2025. The government has also laid down several targets for the economic development and subsequent development of construction, manufacturing, mining and quarrying industry. The development of the Aqaba port as a key logistics hub, plans to focus on private public partnerships (PPP) and build-operate-transfer models for developing renewable energy infrastructure and water resources, development of water desalination plants and encouragement to new agricultural technologies such as hydroponic systems are some of the development initiatives taken by the government.

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Analysts at Ken Research in their latest publication "Jordan Plastic Pipes and Fittings Market Outlook to 2022- By Type of Pipes (UPVC, PVC and CPVC, PE and Others) and Type of End Use Applications (Irrigation, Water Supply and Sewage, Plumbing, Chemical and Oil and Others)" believe that exploring new markets in the Gulf and African region, keeping up with advanced technology and tracking upcoming government and private construction projects will help in maximizing the delivered value from manufacturers to the end users.

Jordan plastic pipe and fittings market is expected to register positive CAGR of more than 4% during the period 2017-2022 with organized players expected to gain further share in the market.

Key Segments Covered 

By Type of Pipe 

By Type of Market Structure 

By Type of End User Application 

By Domestic Manufacturing and Imports 

Key Target Audience 

Major Companies Covered: 

World Plastic Pipes, Farhat Plastics, IPCO, Universal, Specialized Co. for Plastic Industries, Altayseer, Omoush Group (Al-Nahda), Engineering Plastic Industries and Al Rawand Plastic Industries

Keywords 

For more information on the research report, refer to below link:

https://www.kenresearch.com/manufacturing-and-construction/machinery-and-parts/jordan-plastic-pipes-fittings-market/170255-97.html

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