The new report by Expert Market Research titled, 'Saudi Arabia PVC Pipes Market Size, Share, Price, Trends, Growth, Report and Forecast 2020-2025', gives an in-depth analysis of the Saudi Arabia PVC pipes market, assessing the market based on its segments like applications. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.
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The key highlights of the report include:
Market Overview (2015-2025)
• Historical Market Size (2019): USD 826.6 million
• Forecast CAGR (2020-2025): 5.4%
• Forecast Market Size (2025): USD 1,219.5 million
PVC or polyvinyl chloride replaces conventional building materials such as wood, metal, concrete, and clay in a number of applications. PVC pipes are robust, robust, lightweight, and resistant to rust and rot. Because of these benefits, they are widely used in water systems, indoor plumbing, and sewage systems. With Saudi Arabia is experiencing rapid economic growth, the demand for better infrastructure has increased, thereby boosting the market for PVC pipes in the area.
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Industry Definition and Major Segments
Polyvinyl chloride, or PVC, is a combination of plastic and vinyl, commonly used in pipes, flooring and roofing foils, window frames, cables, and wall coverings.
Based on application, the industry is divided into:
• Sewerage and Drainage
• Oil and Gas
• Water Supply
The wastewater and drainage industry is actually the largest application field in the market, accounting for much of the total market share. The Saudi Arabia's Vision 2030 and the National Transformation Program (NTP) aim to triple the percentage of desalinated water to 52% by 2020 through strategic partnerships and to ensure a robust increase the cities receiving water and sewerage services. Thus, as a result, the demand for PVC pipes is projected to escalate across the industry. Rising construction and infrastructure development projects in Saudi Arabia have resulted in the increased demand for PVC pipes, primarily in the western and eastern regions of the country. In addition, active private participation in the establishment of industrial parks and clusters for plastic conversion by the Government through the Public-Private Partnership (PPP) and Build-Operate-Transfer (BOT) models has further increased the market growth. Moreover, several major players in the region are developing the capacity for domestic PVC pipe manufacturers by enhancing their quality and introducing new product lines through technology upgrades and strengthening local linkages in the coming years.
Key Market Players
The major players in the market National Factory for Plastic Ind. (NFP), Saudi Plastic Products Company Ltd. (SAPPCO), New Products Industries Co Ltd. (Neproplast), and AL Watanya For Plastic Industry, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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