Saudi Arabia
plastic pipes market is anticipated to grow at a steady pace in the forecast period, 2024-2028. The Saudi government is investing heavily in
infrastructure development, which is driving the demand for plastic pipes. The
country is currently undertaking several mega infrastructure projects, such as
the Riyadh metro, the King Abdullah Economic City, and the Red Sea Development
Project. These projects require many plastic pipes for water supply, sewage,
and drainage systems. Due to this, the market is expected to register a high
CAGR in the forecast period.
Plastic pipes are tubular sections, or hollow cylinders,
made of plastic. They are usually, but not necessarily, circular cross-sections
and are used to convey substances that can help flow liquids and gases
(fluids), slurries, powders, and masses of small solids. It can also be used
for structural applications; hollow pipes are far stiffer per unit weight than
solid members.
Kingdom of Saudi Arabia (KSA) to See Sustained Property
Market Growth
The
Saudi government is investing heavily in infrastructure development, which is
driving the demand for plastic pipes. The Kingdom of Saudi Arabia (KSA) is
predicted to have sustained property market growth, fueled by Vision 2030 and
the Iskan program, with USD 1 trillion slated for real estate and
infrastructure projects, said the government of Saudi Arabia. Over a period,
they are planning at least eight new cities, principally along the coast of the
Red Sea, with more than 1.3 million new homes by end-2030.
Various
projects are also slated for existing main cities. With the ambitious target
for Riyadh to develop one of the 10 largest cities in the world, its population
is projected to exceed 15 million by 2030 from around 8 million (2018
estimates). Saudi Arabia's retail industry has a lot of long-term growth
potential in the forecast period. Real estate would gain from various new
programs to provide local housing and invigorate the business and financial
sectors via funds in commercial real estate. Due to this, the construction
industry in Saudi Arabia is also growing rapidly, which is another major driver
for the plastic pipes market. The country is witnessing a rise in the
construction of residential, commercial, and industrial buildings. This is
increasing the demand for plastic pipes for plumbing, drainage, and irrigation
systems.
The
government is contributing to the advancement of modern control plants and
transmission lines. This is often to guarantee that the nation features a
dependable and feasible source of vitality. Due to these improvements oil and
gas division will pull in more openings, as Saudi Aramco is allegedly centering
on upstream and downstream ventures counting growing its unrefined oil
generation capacity to 13 million barrels per day (mmbpd) by 2027 and boosting
gas generation by more than 50% by 2030, in expansion to the long-term
objective of up to 4 mmbpd liquids-to-chemicals. As of government speculations,
the vitality division in Saudi Arabia is picking up footing. In expansion, the
country is additionally advancing the utilization of plastic channels through
different activities. For illustration, the government has presented several
appropriations for the utilization of plastic channels in water supply and
sewerage frameworks. These activities assist in boosting the development of the
plastic channels showcased in Saudi Arabia.
Availability
of raw materials
The
availability of raw materials, such as PVC resin, is also a major driver for
the plastic pipes market in Saudi Arabia. The country has many PVC resin
manufacturers, which ensures a steady supply of raw materials for the plastic
pipes market. Thus, polyvinyl chloride pipes (PVC) are durable, require low
maintenance, and incur lower installation costs, making them cost-effective and
consumer-friendly.
Furthermore,
according to a statement released by Saline Water Conversion Corporation
(SWCC), Saudi Arabia has one of the most significant rates of water consumption
in the world, with consumption of around 8 million cubic meters per day (2021)
and is forecasted to reach 12.3 million cubic meters per day (2040). As of
2020, more than 60 percent of a country's water comes from desalination,
projected to grow at a slightly higher pace during the forecast period. These future
projections will consequently trigger the demand forecast for PVC materials
used in transporting de-saline water, driving the Saudi Arabia Plastic Pipes
Market during the forecast period, as the demand for plastic pipes will grow in
the forecast period.
Growing
Infrastructure Project
The
demand for plastic pipes is expected to grow in Saudi Arabia in the coming
years, as the government continues to invest in infrastructure development. The
Saudi Arabia plastic pipes market is expected to grow with a high CAGR, during
the forecast period of 2024-2028.
Some of
the mega infrastructure projects in Saudi Arabia that are driving the plastic
pipes market are:
· Riyadh Metro: The Riyadh Metro is a rapid transit
system that is currently under construction in Riyadh, Saudi Arabia. The metro
will have six lines and will cover a total length of 176 kilometers, with 85
stations. The project is expected to be completed in 2025. The overall
infrastructure development program for Riyadh Metro costs approximately USD
22.5 billion. It is expected to start for passengers by the end of 2023 or at
the onset of 2024.
· King Abdullah Economic City: The King
Abdullah Economic City (KAEC) is a planned city located in the northwest of
Saudi Arabia. The city is being developed as a major economic and industrial
hub. The KAEC will require a large number of plastic pipes for water supply, sewage,
and drainage systems.
· Red Sea Development Project: The Red Sea
Development Project is a luxury tourism development project located on the Red
Sea coast of Saudi Arabia. The project will include hotels, resorts,
residential properties, and several other facilities. The Red Sea Development
Project will require a large number of plastic pipes for water supply, sewage,
and drainage systems.
· Neom: Neom is a pre-planned megacity in Saudi Arabia this is
being advanced as a flagship venture of the country's Vision 2030 program. The
town is positioned withinside the northwestern place of the country, alongside
the Red Sea coast, and is being constructed from scratch to make a sustainable
and futuristic city middle this is powered with the aid of using renewable
power and is a hub for technology, innovation, and tourism. The demand for
plastic pipes in Neom is expected to be driven by several factors, firstly. the
large size of the city: Neom is expected to be one of the largest cities in the
world, with a population of over one million people. This will require a
significant amount of infrastructure, including plastic pipes. Secondly, Neom
is being developed as a sustainable city, and plastic pipes are a key component
of sustainable infrastructure. Plastic pipes are recyclable and can be made
from recycled materials. They are also low-maintenance and have a long lifespan.
Mega
infrastructure projects are expected to have a significant impact on the
plastic pipes market in Saudi Arabia. The demand for plastic pipes in the country
is expected to grow in the coming years, creating novel opportunities for
plastic pipe manufacturers in Saudi Arabia and around the world.
Recent
Developments
- According
to Arab news articles, In April 2023, Saudi Arabia’s industrial sector witnessed
unheard-of growth, with investments of SR 495 billion (USD 132 billion) in
the next seven years due to the release of Vision 2030.
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Market
Players
Key players in the Saudi
Arabia plastic pipes market are Saudi Plastic Products Company Ltd. (SAPPCO),
Saudi Basic Industries Corporation (SABIC), New Products Industries Co Ltd.
(NEPROPLAST), Arabian Gulf Manufacturers Ltd (AGM), Al Watania Plastics, Munir
Munif Plastic Factory (MMP), Almona Plastic Product Company Ltd. Co., Hepworth,
Arabian Plastic Manufacturing Company Ltd. (APLACO), and Saudi Plastic Products
Company Ltd.
Market
Segments
The Saudi Arabia plastic pipes market is segmented by type, end user,
diameter, and region. Based on type, the market is divided into polyvinyl
chloride pipes, polyethylene pipes, polypropylene pipes, and others. Based on end-use,
the market is divided into residential, commercial, industrial, and infrastructure.
Based on diameter, the market is divided into <50mm, 50-100mm, 100-200mm,
200-400mm, 400-700mm, and >700mm. Based on region, the market is segmented
into Riyadh, Makkah, Eastern Province, and the Rest of Saudi Arabia.
|
Attribute
|
Details
|
|
Base Year
|
2022
|
|
Historic Data
|
2018 –
2022
|
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Estimated Year
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2023
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Forecast Period
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2024
– 2028
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Quantitative Units
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Revenue in USD Million, and CAGR for 2018-2022 and 2024-2028.
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|
Report Coverage
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Revenue
forecast, company share, growth factors, and trends
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|
Segments Covered
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Type
Diameter
End User
Region
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|
Regional Scope
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Riyadh,
Makkah, Eastern Province, Rest of Saudi Arabia
|
|
Key Companies Profiled
|
Saudi Plastic Products Company Ltd. (SAPPCO), Saudi Basic
Industries Corporation (SABIC), New Products Industries Co Ltd. (NEPROPLAST),
Arabian Gulf Manufacturers Ltd (AGM), Al Watania Plastics, Munir Munif
Plastic Factory (MMP), Almona Plastic Product Company Ltd. Co., Hepworth,
Arabian Plastic Manufacturing Company Ltd. (APLACO) and Saudi Plastic
Products Company Ltd
|
|
Customization Scope
|
10%
free report customization with purchase. Addition or alteration to country,
regional & segment scope.
|
|
Pricing and Purchase Options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase options
|
|
Delivery Format
|
PDF and Excel
through Email (We can also provide the editable version of the report in
PPT/Word format on special request)
|
Report
Scope:
In this
report, the Saudi Arabia plastic pipes market has been segmented into the following
categories, in addition to the industry trends, which have also been detailed
below:
·
Saudi Arabia Plastic Pipes Market, By Type:
o Polyvinyl Chloride Pipes
o Polyethylene Pipes
o Polypropylene Pipes
o Others
·
Saudi Arabia Plastic Pipes Market, By End User:
o
Residential
o
Commercial
o
Industrial
o
Infrastructure
·
Saudi Arabia Plastic Pipes Market, By Diameter:
o 50mm
o 50-100mm
o 100-200mm
o 200-400mm
o 400-700mm
o >700mm
·
Saudi Arabia Plastic Pipes Market, By Region:
o Riyadh
o Makkah
o Eastern Province
o Rest of Saudi Arabia
Competitive
Landscape
Company
Profiles: Detailed analysis of the major
companies present in the Saudi Arabia plastic pipes market.
Available
Customizations:
With
the given market data on the Saudi Arabia plastic pipes market, TechSci
Research offers customizations according to a company's specific needs. The
following customization options are available for the report:
Company
Information
·
Detailed analysis and profiling of additional
market players (up to five).
The Saudi
Arabia plastic pipes market is an upcoming report to be released soon. If you
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please contact us at [email protected]