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The Saudi Arabia PVC pipes market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 3.6% during the forecast period (2021-2026). Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use industries. These insights are included in the report as a major market contributor.
Polyvinyl chloride, or PVC, is a combination of plastic and vinyl used in pipes, flooring and roofing foils, window frames, cables and wall coverings. It is replacing traditional building materials such as wood, metal, concrete and clay in many applications. Pipes made using the PVC resin are durable, reliable, lightweight, and resistant to rusting and rotting. As a result of these properties, they are used extensively in water systems, underground wiring and sewerage. In recent years, Saudi Arabia has experienced a significant rise in the construction of housing and commercial units, mega real estate development projects, industrial parks and economic cities, restaurants and hotels. This has boosted the sales of PVC pipes as they are utilized in sewage projects and for providing water utility services.
PVC pipes offer numerous advantages that make them ideal for a vast number of applications. They are cost-effective, provide easy-installation, eliminate the need for welding and have low-maintenance costs. Besides this, the rising construction and infrastructural development projects in Saudi Arabia have resulted in an augmented demand for PVC pipes, majorly in the western and eastern regions of the country. Apart from this, active private participation in setting up industrial parks and clusters for plastic conversion by the government through Public-Private Partnership (PPP) and Build-Operate-Transfer (BOT) models has further augmented the market growth. Moreover, several leading companies in the region are developing the competency of domestic PVC pipes manufacturing by enhancing their quality and introducing new product lines through technology upgradation and strengthening of local linkages in the upcoming years.
IMARC Group provides an analysis of the key trends in each sub-segment of the Saudi Arabia PVC pipes market, along with forecasts for growth at the country level from 2021-2026. Our report has categorized the market based on application.
Breakup by Application:
The sewerage and drainage sector currently represent the largest application segment, accounting for the majority of the overall market share. The Saudi Arabia Government (SAG) Vision 2030 and National Transformation Program (NTP) aim to triple the percentage of desalinated water to 52 percent through strategic partnerships by 2020 and also to dramatically increase the number of cities and citizens receiving water and sewerage services. As a result, the demand for PVC pipes is projected to escalate across the sector.
The competitive landscape of the market is characterized by the presence of numerous small and large manufacturers who compete in terms of prices and quality. Some of the leading players operating in the market are:
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