Middle-East And Africa Polyvinyl Chloride (PVC) Market Size:...| MENAFN.COM

Thursday, 02 February 2023 04:02 GMT

Middle-East And Africa Polyvinyl Chloride (PVC) Market Size: Global Industry Analysis, Size, Share, Growth, Trends, And Forecast 2023-2033


(MENAFN- America News Hour)

The Middle-East and Africa polyvinyl chloride (PVC) is expected to register a CAGR of over 4.5% during the forecast period. PVC is strong and lightweight, durable to weathering, rotting, chemical corrosion and abrasion, versatile, and easy to use, as it can be cut, shaped, welded, and joined in any style.
– Major factors driving the market studied are the increasing use of plastics to reduce vehicle weight and enhance fuel economy, growing demand from the construction industry, and increasing applications in the healthcare industry

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– However, hazardous impacts on humans and the environment are expected to majorly hinder the growth of the market studied.
– The accelerating usage of electric vehicles and PVC recycling are likely to act as an opportunity in the future.
Key Market Trends
Growing Demand from the Construction Industry

– PVC pipes have been used in building and construction for over 60 years, as they offer valuable energy saving during production, low-cost distribution, and a safe, maintenance-free lifetime of service. These pipes are widely used for pipeline systems for water, waste, and drainage as these pipes suffer no build-up, scaling, corrosion, or pitting and they provide smooth surfaces reducing energy requirements for pumping.
– The high-performance, low-cost PVC materials have made it possible to manufacture present day single-use devices, such as tubes, containers, and syringes. This material has minimized the risk of life-threatening infections that spread through unsterilized medical devices.
– Presently, about 40% of all the medical devices are made from PVC; it is the only material that guarantees performance and quality demanded by medical professionals and regulatory bodies.
– In the medical devices market, PVC is primarily used for flexible tubing and containers, which are used for blood donation sets and components for urine products. Such similar factors are driving the Middle East & African PVC market.
Saudi Arabia to Dominate the Market
– Increasing population, rapid urbanization, and positive developments in the country's economic conditions have resulted in a rise in residential construction in the country. In addition, the government's white land tax initiative to address the country's housing shortage is further expected to increase the residential construction in the country.
– According to the United Nations Department of Economic and Social Affairs (UNDESA), the country's population to expected to increase by 30.7% between 2010 and 2030. This is anticipated to boost the demand for new residential buildings.

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– Additionally, the increases in government participation and investments in healthcare, education, infrastructure, and construction sectors so as to expand the country's economy by reducing the dependence on oil are expected to drive the construction industry. This is expected to drive the market for PVC in Saudi Arabia.
– Implementation of programs, such as the National Transformation Program (NTP) 2020 and the Saudi Arabia Vision 2030, to develop sea ports, railway lines, airports, and manufacturing facilities, are expected to increase the demand for PVC used for infrastructure purposes.
Competitive Landscape
Middle-East and Africa Polyvinyl Chloride market is moderately fragmented among the top five players. The top companies have been focusing on providing better materials for various end-user industries. Major manufacturers of Middle East & Africa PVCs are SABIC, The Sanmar Group, Egyptian Petrochemical Co., Sasol, Westlake Chemical Corporation, and amongst others.

1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Growing Demand from Construction Industry
4.1.2 Other Drivers
4.2 Restraints
4.2.1 Hazardous in Nature
4.2.2 Other Restraints
4.3 Industry Value-Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5 MARKET SEGMENTATION

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The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count ( SDKI ) provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

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