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- Saudi Arabia PPR Pipes Market
Saudi Arabia PPR Pipes Market to Reach 29,820.0 Tons by 2028, Impelled by Enhanced Focus on Sustainable Development
January 10, 2022
| Chemical & Materials
According to the latest report by IMARC Group, titled " Saudi Arabia PPR Pipes Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the Saudi Arabia PPR pipes market reached a volume of 23,297.0 Tons in 2022. PPR pipes refer to thermoplastic pipes that are generally manufactured using polypropylene random copolymer plastics. They are characterized by a cylindrical shape with a rigid surface. They are extensively utilized across chemical industries and research facilities for storing chemicals and acids due to their high resistance to reactive chemicals. Along with this, they are also used for sanitation and irrigation applications since these pipes are easy to handle and have low density. Additionally, they are eco-friendly in nature, due to which they are widely adopted as a preferred alternative to galvanized pipes for fitting purposes.
Saudi Arabia PPR Pipes Market Trends:
The market in Saudi Arabia is primarily driven by the increasing product adoption across the oil and gas industry. Moreover, rising investments by public and private agencies in infrastructural development projects across the country are providing a boost to the market growth. This is supported by the rising utilization of PRP pipes for water supply systems due to their low thermal conductivity and excellent chemical and mechanical endurance. Along with this, with an enhanced focus on sustainable development, there has been a considerable increase in the adoption of PRP pipes since their fittings are solely done through heat and do not involve chemical usage. Other factors, including continuous product innovations and extensive research and development (R&D) activities conducted by key players, are further projected to drive the market growth across Saudi Arabia. On account of the aforementioned factors, the market is anticipated to reach a volume of 29,820.0 Tons by 2028, exhibiting a CAGR of 4.12% during 2023-2028.
Market Summary:
- On the basis of type, the market has been bifurcated into high-pressure and low-pressure pipes. Currently, high pressure pipes exhibit a clear dominance in the market.
- Based on the application, the market has been segmented into plumbing, chemical industries and labs, and others. Among these, plumbing represents the leading market segment.
- 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 Al Koblan Thermopipe Factory Co., Almona Plastic Products Ltd. Co., MT-Plast Company, Tahweel Pipes and Al Munif Pipe.
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