The project concept is to establish a UPVC pipe manufacturing plant in Iraq, producing UPVC pipes, fittings, and elbows. This will be accomplished using the best production lines and the latest technological tools. Given the project’s reliance on experienced and qualified technical personnel and the high-quality products it offers, the project will be able to capture its share of the target market.
In 2019, the global UPVC market size was estimated at USD 46.07 billion, and is expected to reach USD 74.9 billion by 2027, registering a CAGR of 6.30%.
In 2021, Iraq imported approximately $2.3 billion worth of plastics and related products.
The average annual growth rate of Iraq’s imports of plastics and their products is 3.5% during the period between (2015-2021).
The growth rate of the number of factories in Iraq is 8.9% over the next five years.
