Saudi Arabia PVC Pipes Market Demand and Forecast Research Report to 2022
Added: (Wed Dec 06 2017)
Pressbox (Press Release) -
The latest report by IMARC Group, titled "Saudi Arabia PVC Pipes Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022", finds that the reached a value of nearly US$ 435 Million in 2016, registering a CAGR of about 2% during 2009-2016. Polyvinyl chloride or PVC pipes are majorly used in the construction and drainage sectors to transfer any type of fluid. They are replacing traditional concrete pipes on account of their favourable properties such as lightweight, easy installation, durability and resistance to rust. Apart from this, these pipes have the ability to bear high fluid pressure which facilitates their use in the process of sea water desalination.
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Highlights of the Saudi Arabia PVC pipes market:
Upcoming projects and immense government support in the region remain the key growth-inducing factors.On the basis of application, the sewerage and drainage sector holds the majority of the share, representing the most popular application sector.By 2022, the market is expected to reach a value of about US$ 543 Million.
PVC pipes are flexible, inert and cost-efficient; therefore, they are used in diverse industries. Growth in the native and expatriate populations of Saudi Arabia has led to a rise in the infrastructural activities, which in turn, have fuelled the demand for PVC pipes. Moreover, adoption of new irrigation techniques has increased the growth prospects of PVC pipes in the agricultural sector, thereby providing an impetus to the market growth. Apart from this, encouragement by the government towards the active participation of the private sector in the infrastructural projects through Build-Operate-Transfer (BOT), Public Private Partnership (PPP) models and setting up of industrial parks is expected to drive the demand for the PVC pipes in the region. Some of the growth-factors include introduction of plastic conversion clusters and the upcoming trend of in-house compounding. Owing to these factors, the market is further projected to reach a value of around US$ 543 Million by 2022.
The Saudi Arabia PVC pipes market has been segmented on the basis of applications. Currently, the sewerage and drainage sector accounts for the majority of the global share, followed by the plumbing, irrigation, HVAC, oil and gas, and water supply sectors. An analysis of the competitive landscape provides the details of the key players operative in the market. Some of the major players are Saudi Plastic Products Co. Ltd., Neproplast, Saudi Basic Industries Corporation, Arabian Gulf Manufacturers Ltd. and Al Watania Plastics.
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The report has examined the Saudi Arabia PVC pipes market on the basis of:
Sewerage and DrainagePlumbingIrrigationHVACOil and GasWater Supply
Saudi Plastic Products Company Ltd. (SAPPCO)NeproplastSaudi Basic Industries CorporationArabian Gulf Manufacturers Ltd.Al Watania Plastics
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