Programmes and policies to promote
tourism, increase in residential construction projects to meet excess housing
demands and changes in consumer preference towards high quality plastic pipes
for their desirable properties has driven the growth of plastic pipes and
fittings in Saudi Arabia.
Saudi
Arabia Plastic Pipes and Fittings Market is at its late growth stage. The
market growth has stagnated as the decrease in oil prices has impacted the
demand of plastic pipes and fittings in the country. There was decline of
infrastructure and real estate opportunities coming up in the recent years.
Saudi Arabia Plastic Pipes and Fittings Market is highly correlated with the
development in the infrastructural, mining (petroleum and others) and
construction of new house dwellings in the country. There has been a trend of
substituting PVC pipes and fittings by PE pipes and fittings in potable water
distribution applications and by PPR pipes and fittings in internal plumbing
application in the past few years. The water supply and sewage end use
application continues to be the leading end use application of the plastic
pipes and fittings in Saudi Arabia. The market is concentrated with few
organized players dominating the market.
The
organized sector dominates the market due to its superior product quality and
enjoys competitive advantage over the unorganized sector as it can provide
product customization. Government schemes such as Vision 2030 to emphasize on
developing sectors such as health care, defense, transport and logistics will
increase in the investment in the construction of hospitals, factories and
other infrastructure. Private sector contribution to the economy, transforming
the government’s Public Investment Fund (PIF) into a USD 2 trillion sovereign
wealth fund and to promote tourism in the country are some other key
initiatives that have contributed majorly to the market growth. There has also
been a shift in consumer preference from steel pipes to plastic pipes for
various industrial uses such as distributing oil and natural gas as it is a
more economical option. Plastic Pipes and Fittings Market in Saudi Arabia is
highly competitive amongst the major players, and consequently, companies are
increasingly focusing on product innovation and diversification and offering
better quality products to expand their market shares.
According
to a study by Ken Research “Saudi
Arabia Plastic Pipes and Fittings Market Outlook to 2022- By Type of Pipes
(UPVC, PVC and CPVC, PE and Others) and Type of End Use Applications (Irrigation,
Water Supply and Sewage, Plumbing, Chemical and Oil and Others)”,
reduction of wastage and spillage while manufacturing, keeping up with advanced
technology, tracking upcoming government and private construction projects,
diversification of product line, supply of plastic resin from multiple sources,
increasing production capacity of PE products, usage of by-product and focus on
development of safer plastic pipes for the purpose of drinking water
distribution will aid the manufacturers of plastic pipes and fittings in Saudi
Arabia to grow and achieve higher profits.
Key Segments Covered
Key Segments Covered
By Type of Pipe
·
uPVC
·
PVC and CPVC
·
PE
·
PPR, ABS, PVDF
and others
By Type of Market Structure
·
Organized Market
·
Unorganized
Market
By Type of End User Application
·
Water Supply and
Sewage
·
Plumbing
·
Chemical and Oil
·
Irrigation
·
Gas Transmission,
Cable Protection, Healthcare and Automotive Industries and others
Key Target Audience
·
Plastic Pipes and
Fittings Manufacturers
·
Plastic Resins
Manufacturers
·
Major Importers
of Plastic Pipes and Fittings
·
Private Equity
Ventures/ VC Funds
Time Period Captured in the Report:
2012-2017
– Historical Period
2018-2022
– Future Forecast
Companies Covered:
Plastic Pipes and Fittings
Manufacturing Companies:
Saudi
Plastic Products Company Ltd. (SAPPCO), Saudi Basic Industries Corporation
(SABIC), New Products Industries Co Ltd. (NEPROPLAST), Arabian Gulf
Manufacturers Ltd (AGM), Al Watania Plastics, Munir Munif Plastic Factory
(MMP), Almona Plastic Product Company Ltd. Co., Hepworth, Arabian Plastic
Manufacturing Company Ltd. (APLACO) and Saudi Plastic Products Company Ltd.
Dammam
For more information about the report,
refer to below link:
Related Reports
Contact Us:
Ken
Research
Ankur
Gupta, Head Marketing & Communications
+91-9015378249