Saudi Arabia PE Pipes Market by Type, Applicaton, Competitive Landscape And Forecast 2018-2023
united states, 11 July 2018 -- The Saudi Arabia PE pipes market has been witnessing a positive growth over the past years. This can be attributed to a rapid rise in the demand for polyethylene as a piping material along with a surge in infrastructural activities in the region.
Polyethylene (PE) is a thermoplastic material produced from the polymerization of ethylene. It is used for the production of films, bottles, geomembranes, pipes, bags, cables, etc. Amongst these, PE pipes are generally manufactured with graded raw materials such as PE 100, PE 63 and PE 80. These pipes are durable, flexible, resistant to biological growth and do not rust or corrode. In addition to this, PE pipes can handle occasional surge events which recur in the water distribution systems. Moreover, PE pipes are light in weight due to which their transportation and handling costs are lower than their counterparts. As a result, these pipes have gained preference over pipes made from other materials, such as steel, copper, iron, concrete and aluminium, across Saudi Arabia. A new research report by IMARC Group, titled “Saudi Arabia PE Pipes Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, estimates that the Saudi Arabia PE pipes market reached a volume of 155,431 Tons in 2017. The report further anticipates the market to reach a volume of 216,857 Tons by 2023, at a projected CAGR of nearly 6% over the forecast period.
The rapid rise in the demand for cheaper alternatives to steel pipes for the purpose of distributing oil and natural gas is one of the major factors which has been propelling the growth of the Saudi Arabia PE pipes market.
There has been a significant increase in the ongoing infrastructural activities which range from the construction of industrial zones and business parks to the renovation in the education, health care and transportation sectors. This has, in turn, contributed towards an augmented demand for PE pipes across Saudi Arabia.
The Government has been promoting the usage of PE pipes across the region as they help in reducing the greenhouse gas emissions. This has positively impacted the growth of the market.
PE pipes do not offer resistance against oxidising acids, ketones and chlorinated hydrocarbons. This is one of the primary factors which has been impeding the market growth.
Hello journalist, welcome to Scoopasia--a powerful online resource for media information in Asia. Scoopasia has press releases and media events for every beat and industry. All content on Scoopasia is 100% FREE. You don't even need to login!
Scoop Line (Instant Information Request) The easiest way to ask questions and request information from the PR community.
Advanced Search Drill down, dig deep, for media information the way you want it.