According to the recent report by IMARC Group, titled “Saudi Arabia PVC Pipes Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the Saudi Arabia PVC pipes market reached a value of US$ 1,150.9 Million in 2021. Polyvinyl chloride (PVC) is an amalgamation of plastic and vinyl, which is utilized to manufacture wall coverings, cables, and pipes. Among these, PVC pipes are gradually gaining traction due to their excellent properties like flexibility, long life, lightweight, durability, and the ability to withstand extreme movements and bending. As a result, they are replacing pipes made up of other materials like metal, concrete, wood, and clay in different applications. Apart from this, PVC pipes are also resistant to rust and are available with fusion joints, which provide a monolithic, fully sealed structure and makes them suitable for trenchless installations and at contaminated sites. Due to these properties, PVC pipes are extensively used in sewerage, underground wiring, and water systems. With the growing construction activities in Saudi Arabia, there is a high demand for PVC pipes in the region.
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 PVC Pipes Market Trends:
Saudi Arabia has recently experienced a significant rise in the construction of commercial and residential units. This has increased the demand for PVC pipes as they are cost-effective, easy to install and require low maintenance costs. Apart from this, the Government of Saudi Arabia is also encouraging active private sector participation in major projects through Public-Private-Partnership (PPP) and Build-Operate-Transfer (BOT) models, which is fueling the market growth. In addition to this, Saudi Arabia Vision 2030 and the National Transformation Program (NTP) are also expected to bolster the sales of PVC pipes as they incorporate the agenda of expanding sewage services. Furthermore, technological innovations by manufacturers are also providing a thrust to the market growth. For instance, the introduction of PVC-O pipes has created a sustainable solution for water networks due to its energy-efficiency and hardwearing properties. On account of these factors, the market is expected to grow at a CAGR of 4.6% during the forecast period (2022-2027).
- Based on the application, the market has been classified into plumbing, HVAC, sewerage and drainage, oil and gas, irrigation, and water supply. Among these, the sewerage and drainage sector accounts for the largest market share, representing the leading application segment.
- The competitive landscape of the market has been analyzed in the report, with some of the key players being New Products Industries Co Ltd. (Neproplast), Al Watania Plastics, Saudi Basic Industries Corporation (SABIC), Arabian Gulf Manufacturers Ltd., and Saudi Plastic Products Company Ltd. (SAPPCO).
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