PVC or Polyvinyl chloride is replacing traditional building materials such as wood, metal, concrete and clay in many applications. It is a combination of plastic and vinyl used in pipes, flooring and roofing foils, window frames, cables and wall coverings. PVC pipes are durable, strong, lightweight, and resistant to rusting and rotting. As a result of these properties, they are used extensively in water systems, underground wiring and sewerage. As Saudi Arabia is experiencing rapid economic growth, it has led to the demand for better infrastructure, thereby providing a thrust to the PVC pipes market in the region. According to the latest report by IMARC Group, titled “Saudi Arabia PVC Pipes Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, Saudi Arabia PVC pipes demand reached a value of US$ XX Million in 2017, growing at a CAGR of around XX during 2010-2017.
PVC pipes offer numerous advantages that make them ideal for a wide number of applications. They are cost-effective as they offer easy-installation, eliminate the need for welding and have low-maintenance costs. The increasing focus towards construction and infrastructural developments in Saudi Arabia has resulted in an augmented demand for PVC pipes, majorly in the western and eastern regions of the country. Apart from this, active private participation encouraged by the government through Public Private Partnership (PPP) and Build-Operate-Transfer (BOT) models has further led to the market growth. Another government initiative of setting up industrial parks and clusters for plastic conversion is anticipated to significantly benefit the PVC pipes market in Saudi Arabia. Moreover, in-house compounding is another upcoming trend in the market, which is likely to influence the market positively. Looking forward, the market is expected to reach a value of US$ XX Million by 2023.
The report has segmented the Saudi Arabia PVC pipes market on the basis of key applications. Some of the major applications of PVC pipes are found in irrigation, water supply, sewerage, plumbing, HVAC, oil and gas. Amongst these, sewerage and drainage is the largest application segment, accounting for more than half of the total share. An analysis of the competitive landscape provides the details of the key players operative in the market. Some of the major players are Saudi Plastic Products Co. Ltd., Neproplast, SABIC, Arabian Gulf Manufacturers Ltd., Al Watania Plastics, etc.
This report provides a deep insight into the Saudi Arabia PVC pipes market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a PVC pipes manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into Saudi Arabia PVC pipes market in any manner.
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