Saudi Arabia PVC Pipes Market Research Report: Size, Share And Growth Forecast Till 2023


Posted May 31, 2018 by imarcgroup1

The Saudi Arabia PVC pipes market has witnessed a steady growth over the past few years.

 
This can be attributed to the development in the infrastructural activities, government support for private sector participation and adoption of new irrigation techniques in the region.

The latest report by IMARC Group, titled “Saudi Arabia PVC Pipes Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, finds that the Saudi Arabia PVC pipes market reached a value of nearly US$ XX Million in 2017, registering a CAGR of about XX during 2010-2017. 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.

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 2023, the market is expected to reach a value of about US$ XX Million.

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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$ XX Million by 2023.

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.

Full Toc report: https://www.imarcgroup.com/saudi-arabia-pvc-pipes-market

The report has examined the Saudi Arabia PVC pipes market on the basis of:

Application:

Sewerage and Drainage
Plumbing
Irrigation
HVAC
Oil and Gas
Water Supply

Major Manufacturers:

Saudi Plastic Products Company Ltd. (SAPPCO)
Neproplast
Saudi Basic Industries Corporation
Arabian Gulf Manufacturers Ltd.
Al Watania Plastics


Browse Related reports:

Saudi Arabia PE Pipes Market Research Report 2018-2023: https://www.imarcgroup.com/saudi-arabia-pe-pipes-market

Saudi Arabia Prefabricated Building and Structural Steel Market 2018-2023: https://www.imarcgroup.com/saudi-arabia-prefabricated-building-structural-steel-market

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Issued By Kanika Sharma
Website https://www.imarcgroup.com
Country United States
Categories Business
Tags saudi arabia pvc pipes market , saudi arabia pvc pipes market share , saudi arabia pvc pipes market size , saudi arabia pvc pipes market trends
Last Updated May 31, 2018