High demand in Industrial and Commercial Sector, Usage in External
Plumbing & Infrastructure Projects to improve Drainage Network and Expansion
of Oil and Gas Network were the key factors driving growth in Saudi Arabia PVC
Pipe and Fittings Market.
PVC pipe is the market leader among
plastic pipes with nearly all end users utilizing PVC pipes for varied
purposes. Saudi Arabia’s market witnessed majority of the demand for PVC pipes
from external plumbing & infrastructure projects that included drainage
& sewage networks. It was witnessed that PVC pipes and fittings market was
dominated by domestic manufacturers with minor imports. The competition in the
local market has been intense due to the availability of major companies
producing almost the same product in terms of quality. Demand for PVC pipe is
expected to witness enhanced growth trajectory as the economy recovers in
future with correction in oil & gas prices backed with increasing
replacement for ageing pipes.
One of the major challenges
witnessed by Saudi Arabia is scarcity of water which resulted in substantial
investment by government in seawater desalination, water distribution, and
sewerage and wastewater treatment. Government is largely dependent on pipe
companies for enhancement of water supply infrastructure which aided the PVC
pipe and fitting market over the years. Cost effectiveness of installation of
PVC pipes, low maintenance cost and replacement of ageing pipes derived market
growth. PVC pipes are largely used in oil & gas industry owing to their
durability and cost effectiveness. Mild recovery in oil prices in 2017 and high
demand from infrastructure & commercial sectors have aided the overall
market growth of PVC pipes in the Kingdom.
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” by Ken
Research suggested growing focus on desalination, expansion of wastewater
treatment, improvement in company’s operational efficiency will further boost
PVC Pipe and fitting market growth. The report underscored a positive CAGR in
revenues in Saudi Arabia PVC pipes and fittings market in next 5 years till
2022.
For more information about the publication, refer to below link:
Contact Us:
Ken Research
Ankur Gupta, Head Marketing &
Communications
+91-124-4230204
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