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Middle East & Africa Pipes and Fittings Market
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MARKET RESEARCH REPORT Middle East & Africa Pipes and Fittings Market Research Report: Forecast (2023-2028) UPDATED SAMPLE 2024-30 MARKNTEL ADVISORS
Company Overviews MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others. We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
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Market Insights The Middle East and Africa Pipes and Fittings Market is estimated to grow at a CAGR of around 4.47% during the forecast period, i.e., 2023-28. In recent years, to mitigate the reliance on oil, the governments across the Middle East and Africa took proactive measures to diversify the economy. The governments launched Vision plans, which facilitated the public-private partnership, promoted ease of doing business in the Middle East countries, and enabled Foreign Direct Investments (FDI). As a result, the constant surge in the infrastructure development projects has been consequently driving the demand for Pipes and Fittings across the region further enhance the Middle East and Africa Pipes and Fittings market share in the coming years.
Market Drivers Surging Investment in Oil & Gas Industry in line with New Cleaner Applications of Fossil Fuels – The oil & gas industry in the Middle East and Africa (MEA) region is a major contributor to the global energy market. According to the BP Statistical Review of World Energy 2019, the Middle East holds nearly 836.1 thousand million barrels out of the world’s total proved reserves of around 1,729.7 thousand million barrels of oil, which constitutes about 48.5% of the total crude oil reserves across the globe.
Market Segments By Material Type (Metal, Plastic, Steel , Others), By Fitting Type (Elbow, Couplings, Tees, Valves, Others), By End User (Industrial, Residential, Commercial, Municipalities & Water , Oil & Gas, Others), By Demand Type (New Installation, Repair & Replacement), By Country (The UAE, Saudi Arabia, Qatar, South Africa, Egypt, Nigeria, Turkey, Rest of The Middle East & Africa)
Top Companies Saint Gobain [Pamline], GF Piping Systems, Wavin, Uponor GmbH, Aliaxis, National Pipe Company Ltd. , Future Pipe Industries, National Plastic & Building Material Industries LLC, Flowflex Group, K. D Industries Inc., Others
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