Press Release Description

Middle East & Africa Pipes and Fittings Market: Surging Investment in Zero Carbon Buildings Set to Propel Growth

The Middle East and Africa Pipes and Fittings Market is projected to grow at a CAGR of around 4.47% during the forecast period of 2023-28, cites MarkNtel Advisors in the recent research report. The market growth is driven by the rising focus of Middle East countries on reducing their reliance on oil and diversifying their economies. To achieve this, governments have launched Vision 2030 plans, encouraging public-private partnerships and promoting ease of doing business. These initiatives have attracted Foreign Direct Investments (FDI) and led to a surge in infrastructure development projects, resulting in a higher demand for Pipes and Fittings in the region.

Furthermore, the Middle East and African countries are actively investing in sectors such as tourism and hospitality to diversify their revenue generation. Countries such as the UAE, Saudi Arabia, etc., are constructing new hotels and resorts and renovating existing ones to meet international standards. In addition, the growing tourism industry led to increase the construction of hotels and entertainment facilities, which require efficient plumbing and piping systems for water supply, drainage, HVAC systems, and more. This escalating demand further contributes to the growth of the Pipes and Fittings market in the region.

Moreover, the concept of net-zero carbon buildings across the region aims to minimize carbon emissions associated with a building's entire lifecycle, including construction, operation, and resource usage. Middle East and Africa countries are actively working towards reducing their greenhouse gas emissions and have set ambitious targets to achieve carbon reduction goals by 2060. Among the sectors construction industry majorly contributing to carbon emissions across the region.

Hence, governments focus on the sustainable construction of green buildings to control and moderate existing emission levels of such structures by investing in construction projects of Green buildings. This further anticipated to increase the requirement for pipes and fittings that enable low-flow fixtures, leak detection systems, and water recycling technologies, further states the research report, “Middle East & Asia Pipes and Fittings Market Analysis, 2023.”

Segmentation Analysis

Plastic Pipes Embraces Major Share of the Market

Based on the Material Type segment, the market is further bifurcated into, Metal, Plastic, and Steel. Due to the Middle East and Africa region's active urbanisation, infrastructural development, and industrial expansion, the need for plastic pipes has been continuously increasing in recent years. Plastic pipes are widely used in a variety of applications, including water supply, irrigation, sewage systems, gas distribution, and telecommunications. This is due in part to their lightweight nature, durability, and affordability. Additionally, the area has made significant investments in infrastructure projects, including the creation of buildings, bridges, and roads. As a result of its lightweight design and simplicity of handling, plastic pipes are likely to see a surge in demand for the construction of these projects for drainage, sewage, and cable protection.

The UAE Would Hold the Prominent Share of the Middle East and Africa Market

During the historical period, the UAE dominated the Middle East and Africa pipes and fittings market. The expansion of the tourism, commercial, infrastructure building, and industrial sectors was a key factor in the market's rise. In addition, rising number of foreign direct investment in non-oil industries such as commercial, residential and the expansion of manufacturing industries across the UAE, is a result of the government's continued efforts to diversify its oil and gas economy.

Middle East & Africa Pipes and Fittings Market

For instance, in 2022, the UAE released its National Tourism Strategy 2031 majorly to increase the contribution of tourism in GDP to approximate USD122.61 billion with annual increase of USD7.3 billion as well as attracting new investment for the development of hospitality sector. The government has prioritised luxury tourism, such as medical tourism, sports tourism, and the organisation of large-scale events. This led to the development of varied infrastructure, including retail centres, resorts, and luxurious hotels. Thus, the Construction of such infrastructure required various building materials including Pipes and Fittings for water supply, HVAC systems, drainage pipes throughout the buildings in the coming years.

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, including Saint Gobain (Pamline), GF Piping Systems, Wavin, Uponor GmbH, Aliaxis, National Pipe Company Ltd., Alwasail Industrial Company, Future Pipe Industries, National Plastic & Building Material Industries LLC, Flowflex Group, K. D Industries Inc., are looking forward to strengthening their market position.

Key Questions Answered in the Research Report

  1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
  2. What are the trends influencing the current scenario of the market?
  3. What key factors would propel and impede the industry across the region?
  4. How has the industry been evolving in terms of geography & product adoption?
  5. How has the competition been shaping across various countries?
  6. How has the buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2018-28?
  7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

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