According to the latest report by IMARC Group, titled "Saudi Arabia PE Pipes Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025," the Saudi Arabia PE pipes market size reached US$ 1.9 Billion by 2019. Polyethylene (PE) refers to a non-polar thermoplastic that is obtained by the polymerization of ethylene. PE pipes are widely used in numerous piping and agricultural applications. They are characterized by their durability, malleability and flexibility. Additionally, these pipes are easy to handle, have extended shelf life and superior recyclability. Extremely resistant to corrosion, fatigue and biological growth, they are not altered in the presence of corrosive soil with high sulfate content or contaminated by algae, fungi or bacteria. They are consequently utilized for carrying drinking water, oil, cables, slurries, chemicals, wastewater and compressed gases across numerous industry verticals, including mining, industrial, construction, oil and gas, telecommunication, and wastewater treatment sectors.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Saudi Arabia PE Pipes Market Trends:
The market is primarily driven by the increasing number of oil and gas exploration activities in Saudi Arabia. This can be attributed to the abundance of reserves available in the country, along with the associated convenience of usage of these pipes. For instance, the resilience of PE pipes that prevents damage caused by vibrations and external loads is increasing the utilization of these pipes in the distribution of oil and natural gas. Apart from this, significant developments in the residential and commercial sectors, along with continual infrastructural renovations in the country, have led to the escalating demand for PE pipes for gas and water distribution purposes. The market is further driven by the growing utilization of these pipes for irrigation, treating wastewater and desalinating seawater. Apart from this, growing awareness regarding the usage of PE pipes in varied applications for reducing greenhouse emissions due to their non-toxic nature, longer service life and high recyclability. Looking forward, IMARC Group expects the Saudi Arabia PE Pipes market to exhibit moderate growth during the next five years.
- On the basis of the type, the market has been divided into HDPE, MDPE, LDPE and LLDPE, wherein HDPE pipes represent the most preferred segment.
- On the basis of the application, the market has been categorized into water supply, irrigation, sewerage and drainage, gas supply, mining and slurry lines, and others. Among these, the water supply sector accounts for the majority of the total market share.
- The competitive landscape of the market has been studied in the report with the detailed profiles of the key players. Some of these players include Saudi Plastic Products Company Ltd. (SAPPCO), Alwasail Industrial Company, Arabian Gulf Manufacturers Ltd., Saudi Arabian AMIANTIT Company, Al Jubail Sanitary Pipe Factory, and IKK Group.
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