MarkNtel Advisors recently published a detailed industry analysis of the Middle East & Africa Pipes and Fittings Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Middle East & Africa Pipes and Fittings Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2028
The Middle East & Africa Pipes and Fittings Market is valued at around USD 7.98 billion in 2024 andis estimated to grow at a CAGR of around 4.47% during the forecast period, i.e., 2023-28.
What are the major Driver the Middle East & Africa Pipes and Fittings industry?
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.
Countries in The Middle East and Africa are increase their oil & gas production by investing in various development and expansion projects to fulfill the ongoing and upcoming demand of fossil fuel energy. The major new demand for oil & gas is in the coming years is anticipated to be for the production of blue hydrogen, ammonia, etc. Also the oil producing countries have signed agreements for pipeline supply of these clean energies to support energy transition globally. The oil industry relies on extensive pipeline networks for the transportation of crude oil, refined products, and natural gas.
To meet the increasing demand for oil and gas countries such as the UAE, Kuwait, Iran, and Iraq investing since 2018, to increase the production capacity of existing oil reserves as well as exploration or development of new oil & gas reserves for such projects significant infrastructure development is necessary. This includes the construction of pipelines, refineries, and storage facilities. All these infrastructure projects required a substantial supply of pipes and fittings, which furthermore results in increasing the demand for pipes and fittings across the Middle East and Africa market in the forthcoming years.
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What segments define the Middle East & Africa Pipes and Fittings Market from 2023 to 2028? How do these segments contribute to market dynamics and growth?
By Material Type
- Metal- Market Size & Forecast 2018-2028, USD Million
- Brass
- Aluminum
- Copper
- Plastic- Market Size & Forecast 2018-2028, USD Million
- Polyvinyl Chloride (PVC)
- Polyethylene
- Polypropylene
- Others (Fiberglass Reinforced Plastic (FRP), Polybutylene (PB) Pipes, etc.)
- Steel – Market Size & Forecast 2018-2028, USD Million
- Carbon
- Stainless
- Others (Glass, Cast Iron, etc.) – Market Size & Forecast 2018-2028, USD Million
According to report, In recent years, the requirement for plastics pipes in the MEA region has been gradually growing due to rapid urbanization, infrastructure development, and industrial expansion.
By Fitting Type
- Elbow- Market Size & Forecast 2018-2028, USD Million
- Couplings- Market Size & Forecast 2018-2028, USD Million
- Tees- Market Size & Forecast 2018-2028, USD Million
- Valves- Market Size & Forecast 2018-2028, USD Million
- Others (Connectors, Flanges, etc.)- Market Size & Forecast 2018-2028, USD Million
By Demand Type
- New Installation- Market Size & Forecast 2018-2028, USD Million
- Repair & Replacement- Market Size & Forecast 2018-2028, USD Million
By End User
- Industrial- Market Size & Forecast 2018-2028, USD Million
- Residential- Market Size & Forecast 2018-2028, USD Million
- Commercial- Market Size & Forecast 2018-2028, USD Million
- Municipalities & Water Utilities- Market Size & Forecast 2018-2028, USD Million
- Oil & Gas- Market Size & Forecast 2018-2028, USD Million
- Others (Agriculture (CEA), etc.)- Market Size & Forecast 2018-2028, USD Million
According to report, In the Middle East and Africa, the expansion of the commercial sector has been driven by its commitment to economic diversification, business-friendly policies, strategic location, supportive infrastructure, and the development of key industries, such as finance, tourism, technology, and education.
Explore the Complete Middle East & Africa Pipes and Fittings Market Analysis Report –
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Geographical Analysis: Middle East & Africa Pipes and Fittings
By Country
- The UAE
- Saudi Arabia
- Qatar
- South Africa
- Egypt
- Nigeria
- Turkey
- Rest of Middle East and Africa
Middle East & Africa Pipes and Fittings Market Share & Competitive Landscape:
The Middle East & Africa Pipes and Fittings Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry’s leading companies, highlighting their strengths, financial performance, and market influence.
Leading Companies in the Middle East & Africa Pipes and Fittings Market are:
- 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
- D Industries Inc.
The Middle East and Africa Pipes and Fittings Market Industry Recent Development:
2023: Alwasail Industrial Company announced the signing of a purchase agreement to acquire all the shares of Shukor Composite Piping Systems Middle East Limited with a total transaction value of around USD0.53 million. The company aims to expand the business base of Al-Wasail Industrial Company by taking advantage of the increasing opportunities in the sector in accordance with the company’s strategic plans.
Questions Addressed in this Study
1.What factors are driving the Middle East & Africa Pipes and Fittings Market growth?
2.How is the Middle East & Africa Pipes and Fittings Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Middle East & Africa Pipes and Fittings Market?
4.What is the current size of the Middle East & Africa Pipes and Fittings Market, and how is it projected to change in the future?
6.What is the future outlook for the Middle East & Africa Pipes and Fittings Market in terms of technological advancements and market expansion?
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