Saudi Arabia Plastic Pipes and Fittings Industry Revenue is Expected to Cross USD 640 Million by 2022: Ken Research

Saudi Arabia Plastic Pipes and Fittings Industry Revenue is Expected to Cross USD 640 Million by 2022: Ken Research

PR Newswire

GURUGRAM, India, October 29, 2018

GURUGRAM, India, October 29, 2018 /PRNewswire/ --

Saudi Arabia Plastic Pipes and Fittings by Type of Pipes (uPVC, PVC and CPVC, PE and others including PPR, ABS and PVDF), Type of Market Structure (Organized market and Unorganized market) and Type of End Use Application (Water Supply and Sewage, Plumbing, Chemical and Oil, Irrigation and others including Gas Transmission, Cable Protection, Healthcare and Automotive Industries)

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October 2018 |Saudi Arabia News 

The Plastic Pipe and Fittings market is expected to evolve with the increase in domestic production capacity. The Saudi Arabia economy is expected to be slowly driven by expected recovery in the oil prices. The construction industry will continue to expand with investments in infrastructure, residential, water and energy projects. The country's Vision 2030, under which the government aims to diversify the country's economy away from oil and support economic growth is driving the construction material and pipes industry. Construction of affordable housing units is also expected to increase as the government plans to increase the proportion of Saudi families which own their own house from 47% in 2016 to 52% by 2020. The transition in the preference for plastic type is set to reduce the market of PVC pipes and fittings and consequently increase the market of PE pipes by 2022 in terms of revenue. It is estimated that water supply and sewage sector will still contribute the highest share to the revenue of plastic pipes and fittings in Saudi Arabia as of 2022. The PPR and PE Pipes producers in the country will increase their production to satisfy the local demand which will reduce the proportion of imports in terms of volume. The plastic pipes and fittings market in Saudi Arabia is expected to grow at a great pace on account of infrastructure growth owing to large public and private investments, projects to improve tourism and related real estate and upcoming water projects as a part of the various development projects in Saudi Arabia.

Analysts at Ken Research in their latest publication "Saudi Arabia Plastic Pipes and Fittings Market Outlook to 2022 - By Type of Pipes (UPVC, PVC and CPVC, PE and Others) and Type of End Use Applications (Irrigation, Water Supply and Sewage, Plumbing, Chemical and Oil and Others)" believe that reduction of wastage and spillage while manufacturing, keeping up with advanced technology, tracking upcoming government and private construction projects, diversification of product line, supply of plastic resin from multiple sources, increasing production capacity of PE products, usage of by-product and focus on development of safer plastic pipes for the purpose of drinking water distribution will aid the manufacturers of plastic pipes and fittings in Saudi Arabia to grow and achieve higher profits.

Keywords 

Key Segments Covered 

By Type of Pipe 

By Type of Market Structure 

By Type of End User Application 

Key Target Audience 

Time Period Captured in the Report: 

Companies Covered: 

Plastic Pipes and Fittings Manufacturing Companies: 

For more information about the report, refer to below link: 

https://www.kenresearch.com/manufacturing-and-construction/machinery-and-parts/saudi-arabia-plastic-pipes-fittings-market/165954-97.html

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