SAUDI ARABIA PVC PIPE FITTINGS MARKET OUTLOOK TO 2022: KEN RESEARCH - myBlogd

Construction

May 4, 2024
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A comprehensive analysis of the PVC pipe and fitting market in Saudi Arabia is provided in the report titled “Saudi Arabia PVC Pipe and Fittings by Type of Pipes (Chlorinated PVC Pipe, Regular PVC Pipe, Plasticized PVC Pipe and Fittings), by Application (Water Supply, Sewerage, Plumbing, Chemical & Oil and Others), and by Market Structure (Organized and Unorganized market) – Market Outlook to 2022 in Saudi Arabia.” The report discusses the size of the PVC pipes and fittings market in Saudi Arabia, as well as market segmentations based on the type of PVC pipe (Chlorinated PVC Pipe, Regular PVC Pipe, Plasticized PVC Pipe and Fittings), the application (Water Supply, Sewerage, Plumbing, Chemical & Oil, and Others), and the market structure (organized and unorganized market). The report also covers the market in a variety of different aspects, including decision making parameters to choose a manufacturer, trends and developments, issues and challenges, Porter’s Five Forces analysis, regulatory scenario, market share of major PVC pipe and fittings manufacturers, recent industry activities and opportunities, and company profiles of major PVC pipe manufacturers in the PVC pipe and fittings market. These manufacturers include Saudi Plastic Products Co. Ltd., Saudi Basic Industries Cooperation, Arabian Plastic Compounds Co. Ltd., Neroplast, ALRajhi Industrial Group, Al Watania Plastics, and Intergulf-Empol. The study presents a comprehensive review of the future prognosis and forecasts, together with suggestions from analysts for the sector under consideration. Overview of the Industry Saudi Arabia has emerged as one of the most attractive investment destinations in the Middle East’s PVC pipes and fittings industries. This is despite the fact that the global economy is currently experiencing a slowdown due to a fall in oil and gas prices. The per capita consumption of plastics in the kingdom has reached the level of the industrialized capitals of the world. A compound annual growth rate (CAGR) of’percent was seen in the market during the period of 2012-2017, which resulted in an increase in total sales from USD’million in 2012 to USD’million in 2017. Over the course of the period 2012-2017, the manufacturing capacity of PVC pipes and fittings has seen a moderate compound annual growth rate (CAGR) of seven percent. The primary factors that are driving this market’s expansion are the ease of installation, the low cost of maintenance, the emphasis placed on construction and infrastructure development, the high demand from the oil and gas industry, and the active participation of the government in infrastructure spending. Saudi Arabian Market Segmentation and Categories Fittings and Pipes Made of PVC The PVC pipes and fittings industry in Saudi Arabia primarily consists of rigid PVC, flexible PVC, and chlorinated PVC pipes and fittings. Other types of pipes include chlorinated PVC pipes and fittings. As far as revenue is concerned, the Saudi Arabia PVC pipe and fittings market is led by rigid PVC, which accounted for a share of percent (USD million) of the whole market revenue in the year 2017. During the year 2017, rigid PVC was the most popular kind of PVC, followed by flexible PVC, which accounted for a share of percent (USD ~ million). As opposed to flexible PVC pipes, rigid PVC pipes are mostly used in the construction industry, whereas flexible PVC pipes are utilized in the plumbing and building industries. Pipes and fittings made of chlorinated polyvinyl chloride (CPVC) contributed for the remaining one percent (USD million) of the total sales in the year 2017. According to Applications: Saudi Arabia is an economy that is heavily reliant on oil and gas, and it has been observed that the usage of PVC pipe is driving the majority of the growth in this industry. During the year 2017, the oil and gas category was the most dominant in terms of revenue, accounting for a share of percent (USD ~ million) of the market. In 2017, the oil and gas sector was followed by the water supply segment. This is due to the fact that Saudi Arabia has a disproportionate amount of water available throughout its many locations. An increase in the usage of PVC pipes for water delivery may be attributed to the fact that they are simple to install and do not have the potential to corrode. Water supply was the sector that came in second, followed by the sewage sector, which had a stake of one percent (USD one million) in the entire market during the year 2017. The plumbing sector, which accounted for a share of percent (USD ^ million) of the overall market revenue, came in second place in terms of application in the PVC pipe market, behind the sewage sector. In the year 2017, the chemical and oil industry made the least amount of a percentage contribution to the entire market. The Structure of the Market: With regard to revenue, the market for PVC pipes and fittings in Saudi Arabia is controlled by organized players, who accounted for a significant portion (USD million) of the total revenue in the year 2017. Due to the fact that the rivalry in the sector is mostly limited to a small number of businesses operating inside the organized space, the organized market in Saudi Arabia has come to dominate the market. During the year 2017, the unorganized market was responsible for a percentage of the total revenue, which had a value of USD million. Saudi Arabia’s Competitive Landscape in the World In the market for PVC pipe and fittings The PVC pipe and fittings business in the kingdom has been controlled by a small number of big companies in the market, which have accounted for a significant portion of the market share on the market in 2017. It has been observed that local producers have a dominant position in the market for PVC pipes and fittings, with just a small amount of imports. The presence of big corporations that produce products that are almost identical to one another in terms of quality has resulted in a fierce level of rivalry in the local market. Arabian Peninsula There are seven key manufacturers that control the market for PVC pipe and fittings. These firms include Saudi Plastic Products Co. Ltd., Saudi Basic Industries Cooperation, Arabian Plastic Compounds Co. Ltd., Neroplast, ALRajhi Industrial Group, Al Watania Plastics, and Intergulf-Empol. The Saudi Plastic Products Co. Ltd. (SAPPCO) is the most prominent manufacturer of fabricated fittings for water, drainage, electrical, and telecommunication networks. The company was established in 1972 and is currently the leading manufacturer of uPVC pipes, cPVC pipe, well mate (casing/screen), and well mate. In the year 2017, the corporation has been responsible for a portion of the total revenue in the market, which amounts to a percentage of percent. In 1976, Saudi Basic Industries Cooperation was established, and its headquarters are located in Riyadh, Kingdom of Saudi Arabia. Across the globe, Saudi Basic Industries Corporation is responsible for the production and distribution of a broad range of chemical, plastic, agri-nutrient, and metal goods. During the year 2017, the corporation has been responsible for a fraction of a percent share of the entire market. The year 1991 marked the beginning of Arabian Plastic Compounds, which has since grown to become one of the most prominent producers of PVC pipes in the Middle. One of the main lines of business that the company does is the wholesale distribution of various plastics ingredients. During the year 2017, Arabian Plastic Compounds had a share of sixty percent in terms of revenue, contributing to the entire market. Neroplast is a firm that was founded in 1968 by Sheikh Sahl Kabban. The company is in the business of producing plastic pipes and fittings that are manufactured according to international standards for both pressure and non-pressure applications. During the year 2017, it was discovered that Neroplast was responsible for a percentage of the total revenue share. ALRajhi Industrial Group, Al Watania Plastics, and Intergulf-Empol were three further firms that were significant participants in the business. The Potential of the PVC Pipe and Fittings Market in Saudi Arabia in the near future According to projections, the income generated by the PVC pipes and fittings business in Saudi Arabia is expected to have a moderate increase between the years 2018 and 2022. With a compound annual growth rate (CAGR) of percent during the period of 2017-2022, it is anticipated that it will reach USD million in 2022, which is a significant increase from the USD million it reached in 2017. In the future years, there will be a significant increase in the demand for PVC pipes, particularly in the western and eastern areas of the kingdom. This is because Saudi Arabia is placing a greater emphasis on the development of its infrastructure and building projects. In addition, the government of Saudi Arabia has begun the process of establishing industrial parks and clusters for the purpose of plastic conversion. This is expected to be beneficial to the PVC pipe market in Saudi Arabia as a whole. Principal Subjects Discussed in the Report: • Saudi Arabia PVC Pipe Market Research Report • Saudi Arabia PVC Pipes and Fittings Market Size • Saudi Arabia PVC Pipe demand in 2017 • Competition in the Saudi Arabian Oil and Gas Industry • Market Share of Major Players in the Saudi Arabia PVC Pipe Industry • Future Outlook for Saudi Arabia PVC Pipe and Fittings • Production Volume of the Saudi Arabia PVC Pipe Industry Saudi Arabia’s PVC pipe industry • Saudi Arabia’s market share in consumer plastic products The PVC pipe industry in Saudi Arabia • The Saudi Basic Industries Cooperation’s sale of PVC pipe in Saudi Arabia • The increased demand for performance pipes Saudi Arabia PVC pipe • Saudi Arabia PVC Pipe anticipated future growth • Saudi Arabia CPVC pipe and fitting industry • Saudi Arabia RPVC pipes and fittings market research study In order to get further details about the market research study, kindly go to the following link: https://www.kenresearch.com/manufacturing-and-construction/machinery-and-parts/saudi-arabia-pvc-pipe-market/142281-97.html Ken Research’s Related Reports and Reports https://www.kenresearch.com/manufacturing-and-construction/machinery-and-parts/us-pvc-pipe-fitting-market/142279-97.html https://www.kenresearch.com/manufacturing-and-construction/machinery-and-parts/india-pvc-pipes-fittings-market-research-report/561-97.html Ankur Gupta, Head of Marketing and Communications at Ken Research, may be reached at ankur@kenresearch.com or by calling +91-9015378249. Ken Research’s website can be found here. The Saudi Arabian Plastic Pipe Market, the Saudi Arabian PVC Pipe Fitting Industry, the Size of the Saudi Arabian PVC Pipe Market, and the Trends in the Saudi Arabian PVC Pipe Market are similar articles. This article should be sent to a friend! Subscribe to have articles like as this one sent directly to your inbox! Get a free subscription right now!