Thursday, August 24, 2017

Saudi Arabia Steel Rebars Market Future Outlook to 2021: Ken Research

How Saudi Arabia Steel Pipes And Rebars Market Is Positioned?
The steel pipes and rebars market in Saudi Arabia is growing at a fast pace owning to huge infrastructure spending in the Middle East, thus driving strong demand for steel and fuelling investment in steel projects. Crude steel production in the Gulf Cooperation Council (GCC) is mainly through the Kingdom of Saudi Arabia (KSA).
Furthermore, Saudi Arabia’s network of oil and gas pipes is expanding majorly due to increase in petroleum production, consumption and export which further helps in boosting demand for steel pipes and rebars in the country.
Many new foreign companies as well as domestic companies have expanded their business to cater the rising population in the country. Domestic companies have expanded their presence to international market as well.
Saudi Arabia steel pipes market produced ~ million tonnes steel pipes in 2011 exhibiting a five year CAGR of ~% from 2011 to 2016.
Saudi Arabia Steel Pipes Market Segmentation
By Type of Steel Pipes
Seamless pipes contributed to the sales volume of steel pipes with volume share of ~% in 2016. These pipes are perceived to withstand higher pressure, higher temperature, higher mechanical stress and corrosive atmosphere. The ERW pipes segment contributed ~% of total sales volume in 2016. The SAW pipes segment gained third position with ~% of total sales volume and LSAW pipes segment captured minimal share worth ~% of total sales volume in 2016.
By Type of LSAW Pipes
The non-sour pipes segment contributed with volume share of ~% in 2016 owning to higher production of sweet and light crude oil coupled with cheaper production cost. On the other hand, sour LSAW pipes segment was witnessed to generate ~% volume share in 2016.
By Diameter of LSAW Pipes
LSAW pipes with 24.0-30.0 inches diameter contributed the market by capturing ~% of total sales volume in 2016. LSAW steel pipes of 48.0 inches in diameter contributed ~% of total sales volume in 2016. The remaining ~% include all LSAW steel pipes whose diameter is less than 24.0 inches.
By Grade of LSAW pipes
The X60 and X65 grade contributed the Saudi Arabia steel pipes market by capturing volume share of ~% in 2016. Whereas, B class pipes were able to capture the remaining volume share of ~% in 2016.
By Sectoral Demand
Primarily, oil and gas sector contributed the Saudi Arabia steel pipes market with volume share worth ~% in 2016. Escalating crude oil production coupled with growing deep drilling operations were some of the major factors responsible for the growth of the oil and gas pipelines market in Saudi Arabia. Other sectors such as construction and agriculture sector captured volume shares worth ~% and ~% respectively, in 2016.
By Sectoral Demand for Seamless Pipes
Seamless pipes are crucially used in this sector owning to their strength, resistance to corrosion and longer product life which collectively make these pipes perfect for oil and gas industry. On the other hand, demand for seamless pipes from construction sector was able to capture ~% volume share in 2016.
By Sectoral Demand for LSAW Pipes
Welded pipes are given a preference for hydrocarbon transportation in both sweet and sour conditions which led to ~% of revenue generation for LSAW pipes from hydrocarbons sector. Whereas, demand for LSAW pipes through structural and other demand generating sectors were able to capture the remaining ~% volume share in 2016.
By Sectoral Demand for ERW pipes
Oil and gas sector captured ~% volume share for ERW pipes whereas, other sectors were able to capture remaining ~% volume share in 2016.
Saudi Arabia Steel Rebars Market Segmentation
By Sectoral Demand
Primarily, steel rebars work as a support system for the pipe line system installed in the petrochemical industry which is used for transmission of gases and liquids from one place to another, thus capturing ~% of sales revenue in 2016. The construction sector constituted ~% of total revenues whereas manufacturing and other sectors were collectively able to grab revenue share of ~% in 2016.
By Regional Demand
Riyadh region contributed to the Saudi Arabia steel rebars market with revenue share of ~% in 2016. Rising construction projects such as King Abdullah City of Atomic and Renewable energy, Sudair Industrial City and Riyadh Light Rail Network are responsible for such high share. Dammam followed with revenue share of ~% of the total sales volume whereas, Jeddah and other regions such as Hadeed and Al-Jubail captured the remaining ~% revenue share in 2016.
By Finishing Type
Fabricated rebars contributed the revenues generated through sales of steel rebars with a share of ~% in 2016. These type of rebars are generally used in the construction sector owning to slab-on-ground slabs, where the ground has been well compacted. The epoxy coated segment followed with ~% revenue share. On the other hand, black rebars captured minimal share worth ~% in Saudi Arabia in 2016.
Competition Scenario in Saudi Arabia Steel Pipes And Rebars Market
Saudi Arabia steel pipes market is highly concentrated with the presence of major players such as Arcelor Mittal, Arabian Pipes, National Pipes, Global Pipes and others. Arabian Pipes Co. is leading Saudi Arabia steel pipes market with ~% revenue share, followed by National Pipes with revenue share of ~% in 2016. These companies are facing immense unfair competition from Chinese suppliers.
On the other hand, Saudi Arabia steel rebars market is highly concentrated with the presence of major players such as Atteih Steel, Rajhi Steel, Saudi Iron and Steel Company, Ittefaq Steel, Zamil Steel, Riyadh Steel and others. The construction and infrastructure boom in the country in the past decade majorly contributed to the rapid growth in the industry which led to emergence of several companies in this sector.
Major Players Operating In Saudi Arabia Steel Pipes Market
Arcelor Mittal is the world’s largest steel producer along with annual achievable production capacity of approximately ~ million tonnes of crude steel. Its flat products business constitutes billets, blooms, rebars, wire rod, sections, rails, sheet piles and drawn wires, as well as supplying both seamless and welded tubular products.
Arabian Pipes Co. is manufacturing welded steel pipes for oil and gas, structural and commercial utilization with sizes range from 6.0 to 48.0 inches. The total revenues generated amounts to USD ~ million in 2015 from USD ~ million in 2011, thus growing at a CAGR of ~ % for the period of five years from 2011 to 2015.
National Pipes Co. is the manufacturer of longitudinal seam SAW pipes and helical seam SAW pipes. Its quality management system is based on ISO 9001:2008, 4th edition, and API Q1, 8th edition / ISO TS 29001:2007.
Major Players Operating In Saudi Arabia Steel Rebars Market
Atteih Steel Co. Ltd. offers wide range of products, including structural and commercial steel items, deformed steel bars, metal sheets, beams, bars, pipes, tubes, non-ferrous raw material, special steels and alloys, steel flanges and fittings.
Rajhi Steel Industries Co. Ltd. has an extensive product portfolio constituting major products such as rebars, plain wire rods, rebar coils, rectangular and square tubes, hot rolled steel sheets, cold rolled steel sheets, zinc / electro-galvanized sheets, checkered sheets, galvanized steel sheets, ordinary and insulated corrugated sheets, black pipes and galvanized pipes. It has ~% market coverage for steel rebars in Saudi Arabia steel rebars market.
Al-Ittefaq Steel Products Co. specializes in manufacturing direct reduced iron, long and flat steel products including rebars, coils; wire rods, light sections, hot rolled and galvanized products.
Future Outlook For Saudi Arabia Steel Pipes Market
Over the forecast period, Saudi Arabia steel pipes market will prepare itself to meet the future demand expected from the substantial investment proposed in key areas such as oil and gas segment, construction sector, manufacturing sector, infrastructural development and agriculture. Infrastructure sector is also expected to generate massive demand owning to increasing projects such as construction of dams, power projects, railways, bridges and others which involve a huge quantity of pipes. Demand for agriculture pipes, plumbing pipes and industrial pipes are expected to increase with rise of irrigation potential in Saudi Arabia. Also, the demand for steel pipes installed in manufacturing units or industrial complexes will rise owning to large amount of piping and plumbing to work with various types of fluids and gases. Steel pipes market in Saudi Arabia is expected to sell ~ million tonnes by 2021, thus growing at a CAGR of ~ % for the projected period of four years from 2017 to 2021.
Future Outlook For Saudi Arabia Steel Rebars Market
Booming construction activities in Saudi Arabia will lead to significant demand for steel products including rebars. Growing imports is one of the major growth drivers which will showcase rising demand for steel rebars in future. Saudi Arabia is highly import oriented as approximately ~% of the steel consumption in the country is met through imports from major countries such as China, UAE, Egypt and Turkey. Construction of roads, ports, railway, airports, postal services in the industrial cities of Jubail and Yanbu are expected to further increase the demand for rebars in Saudi Arabia. Announcement of major upcoming projects in mining, construction, industrial and manufacturing sector has created several opportunities for the local or domestic steel manufacturers, thus reducing the country’s import dependency for steel rebars. The rebars sales in Saudi Arabia is expected to generate revenue worth USD ~ million by 2021, thus growing at a CAGR of ~% for the projected period of four years from 2017 to 2021.
Companies Cited in the Report
List of Companies                  Companies Covered in the Report
ArcelorMittal
Arabian Pipes Co.
National Pipe Co. Ltd
Global Pipe Co.
Saudi Steel Pipe Co.
Welspun Corp. Ltd
Atteih Steel Co. Ltd.                Major Players (Steel Rebars)
Rajhi Steel Industries Co. Ltd
Al-Ittefaq Steel Products Co.
Zamil Steel Construction Co. Ltd
Riyadh Steel
Key Topics Covered in the Report
Comprehensive analysis of Saudi Steel Pipes and Rebars market and its segments.
Listed major players and their positioning in the market.
Identified major industry developments in last few years and assessed the future growth of the industry.
Saudi Arabia Rebars Manufacturers
Saudi Arabia Steel Pipe Manufacturers
Steel Pipe Tube Supplier Ksa
Steel Pipe Suppliers in Saudi Arabia
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Related Reports by Ken Research
Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-124-4230204
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Foreign Investments: A Boon for Malaysian Infrastructure Sector: Ken Research

Malaysia is open to foreign-investment environment in the infrastructure sector. The country lacks a state-owned dominant construction company. Majority of the many infrastructure projects are government-led, domestic and foreign private firms that opened opportunities to participate. The competitive landscape of Malaysia's construction and infrastructure industries is the most favourable in Southeast Asia, with numerous open foreign-investment laws along with strong competition between private local and foreign companies. The construction, equipment supply and design/consultant roles are predominantly open to private companies. Infrastructure sectors such as railways remain in the hands of government agencies or project-specific state-owned firms. It was observed that Chinese construction companies in Malaysia occupy a major share in the infrastructure insights market that reflects both the country's open foreign investment laws and its strategic location along China's Belt & Road initiative.

According to the report, “Infrastructure Insight: Malaysia”, Malaysia is expected to witness the fastest infrastructure output growth rates in the world in the coming years while a continuation of trends has been seen in the first half of the decade. Malaysia’s large-scale transport projects planned include Klang Valley Mass Rapid Transit System, the Pan Borneo Highway Upgrade and the East Coast Rail Link. An analysis of the administrative, economic and political context for infrastructure in Malaysia is sure to help in the growth of the infrastructure insights market. The current continuing infrastructures in Malaysia are roads, railways, electricity and power, water and sewerage, communications, airports and ports.
Political and financial institutions are involved in the infrastructure market along with the competitive and regulatory environment. The IIC is currently tracking 86 large-scale infrastructure construction projects in Malaysia, at all stages of development from announcement to execution. Malaysia anticipates joining the alliance of developed countries by 2020 by undertaking vast infrastructure and public works projects. Malaysia invested heavily in transforming its public transport, roads, railways, ports, power plants, bridges, schools, hospitals and industrial zones. With the growing population the infrastructure needs are fulfilled by the Malaysian government.
Malaysia’s budget has allocated huge funds for improving public transport through expanding the light rail transit, mass rapid transit and bus rapid transit systems. Other outstanding projects in Malaysia include the Refinery and Petrochemicals Integrated Development (RAPID), Pengerang Integrated Petroleum Complex (PIPC), the Tun Razak Exchange (TRX) and Merdeka PNB118. Old power plants are replaces with new ones to satisfy increasing peak demand for power. The infrastructures insight also involves offices, retail space, conference and exhibition space, hotels, healthcare and wellness facilities.
The massive upgrading of transport and other infrastructures in Malaysia are a boon for the citizens and for investors. Opportunities knock doors for firms in the construction, civil engineering sector combined with industries like steel, copper wire, cement, glass, construction equipment as well as construction workers, civil engineers, architects, urban designers, planners, many other industries and professions are involved. Malaysia government is investing heavily in infrastructure, industrial parks and residential buildings. The government has relaxed policies for public-private partnerships (PPPs) with an aim to develop the country's infrastructure. Malaysian construction industry is expected to continue to expanding supported by the government to improve the country's transport network and tourism infrastructure in the coming years.
Low oil prices are expected to impact the Malaysian capability to invest in major infrastructure projects. The infrastructure insights market in Malaysia is expected to benefit from the government's plan to expand the airport network. The Malaysian government aims to reduce greenhouse gas emission by the year 2020. With increasing infrastructure projects, Malaysia is expected to witness a steady growth in the infrastructure insights in the coming years.
Key Topics Covered in the Report  
Malaysia Infrastructure Market Research Report
Malaysia Infrastructure Industry Development
Malaysia Evolving Infrastructure Trends
Malaysia Rail Infrastructure Market Demand
Malaysia Power Infrastructure Market Revenue
Malaysia Transportation Infrastructure Industry Future Outlook
Malaysia Information Technology Infrastructure Market Growth Opportunities
Malaysia Financial Market Infrastructure Industry Analysis
Malaysia Telecom Infrastructure Market Research Report
Malaysia Agriculture Market Infrastructure Industry Research
Global Infrastructure Industry Insights
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Ken Research
Ankur Gupta, Head Marketing & Communications
+91-124-4230204
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Wednesday, August 23, 2017

IMT, NOVO Branches, IREMIT Services Are Introduced To Cater the Lebanese Financial Needs: Ken Research

Banque du Liban,the central bank of Lebanon) has directing all the banks to issue prepaid cards only to accountholders to prevent money laundering and the misuse of prepaid cards. With the central banks approval, international issuers are allowed to issue prepaid cards. The Lebanon Cash Consortium (LCC) partnered with the World Food Program (WFP) and launched the OneCard electronic payment card which can be used for ATM cash withdrawals and in-store payments at partner retailers. Bank Audi is the Lebanon's largest bank that offers a Novo branch and interactive teller machines (ITMs) catering to consumers financial needs. ITM offers live video assistance to consumers, can be used by consumers to manage bank accounts, deposit and withdraw cash, deposit and cash checks, transfer money and pay bills. A Novo advisory room is provided to the consumers to open a bank account and instantly obtain debit cards. The Novo branch is open 365 days a year to provide a convenient and interactive banking experience to consumers.
According to the research report “The Cards and Payments Industry in Lebanon: Emerging Trends and Opportunities to 2020”, Lebanese payments cards include debit, credit and charge cards and the industry has registered a positive growth in the yesteryears. The payment industry includes check payments and payment cards along with the E-commerce market. The factors affecting the cards and payments industry in Lebanon are increase in consumers’ awareness about electronic payments, the introduction of improved cards and adoption of advanced technologies such as PayWave, PayPass, EVM Technology, and contactless cards. Lebanon ranks seventh among the Middle East and North Africa countries with the frequent use of the payment cards. A rapid growth was observed in the prepaid cards market and the number of cards in circulation in Lebanon is expected to exceed the debit, credit and charge cards. The younger population in Lebanon are targeted with new payment cards offered by Byblos Bank and Blom Bank. Majority of the younger generation in Lebanon make online purchases and are benefitted with the redemption of rewards points offered on the cards.
In Lebanon, the remittance facility utilizes the prepaid cards. A global remittance company named IRemit was introduced in the country and issues the I-remit Visa Prepaid Cards. These cards ensure faster and safer remittance facilities from Lebanon to Philippines.  IRemit cards are provided with online payment facilities for utility bills and online shopping. The emerging trend in the payment cards is the introduction of smart cards with contactless technology features. In Lebanon, smart cards with contactless technology were introduced in association with Visa. PayWave and PayPass contactless payment technology cards were launched by Bank Audi and Visa in association with MasterCard. Bank Audi in Lebanon has launched the Tap2pay NFC Mobile Payment services making the consumers phone to be used as a credit card with the contactless technology. These services were launched in partnership with MasterCard and mobile operators Alfa and Touch.
Various strategies are adopted by the Lebanese banks and other institutions to market debit, credit and charge cards. These innovative and technological developments in Lebanon financial sector will witness a drastic growth in the cards and payments industry over the coming years.
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Ken Research
Ankur Gupta, Head Marketing & Communications
ankur [@] kenresearch.com
+91-9015378249
www.kenresearch.com
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