Market Reports on Saudi Arabia Provides the Trending Market Research Report on “Saudi Arabia PPR Pipes Market Report and Forecast 2023-2028” under Heavy Industry Market Research Reports category. The PPR Pipes Market in Saudi Arabia is projected to exhibit highest growth rate over report offers a collection of superior market research, market analysis, and competitive intelligence and industry reports.
Saudi Arabia PPR Pipes market Report and Forecast 2023-2028
Market Outlook
According to the report by the Saudi Arabia PPR pipes market attained a value of USD 39.20 million in 2022. Aided by the several benefits of using these pipes, the market is projected to further grow at a CAGR of 5.5% between 2023 and 2028 to reach a value of USD 52.81 million by 2028.
PPR pipes are thermoplastic pipes created from a polypropylene random (PPR) copolymer that are ideal for uses such as sewage, waste, ventilation, and drains. Due to their fusion welding and corrosion resistance, these pipes are frequently used in high pressure cold and hot water plumbing along with potable water supply systems. PPR pipes are becoming more and more popular in Saudi Arabia as a result of their affordability, environmental friendliness, and several benefits over traditional piping systems.
The Saudi Arabia PPR pipes market is expanding as a result of their increasing range of applications. PPR pipes are used in plumbing, irrigation, and water distribution systems due to their high mechanical strength, usability, resistance to stray electrical currents, and low density. Moreover, they have a strong resilience to reactive chemicals, making them suited for usage in chemical factories and research centres. Saudi Arabia, as one of the world's largest producers and exporters of polymers and chemicals, offers a variety of prospects to PPR pipe manufacturers.
With the demand for various building materials is increasing, PPR pipes are becoming more popular as a pipeline solution since they are corrosion-resistant, cost-efficient, and environmentally friendly. The demand for PPR pipes in residential and commercial areas is fuelled by factors such as a stable exchange rate, rapid industrialisation, favourable infrastructure development, and low oil prices.
The expansion of the Saudi Arabia PPR pipes market is also aided by government attempts to enhance infrastructure development and provide needed services like reliable and uninterrupted potable water supply and effective and leak-proof sewage and drainage systems. PPR pipe producers in Saudi Arabia are also emphasising import substitution by increasing their manufacturing capacities in order to meet domestic demand.
Amidst fluctuating oil production levels and oil prices, the Saudi Arabia administration is taking action and diversifying the economy through other sources for revenue. The development of Jeddah Waterfront, NEOM City, and Entertainment City are just a few of the infrastructure projects the government has proposed, including Vision 2030. These developments increase Saudi Arabia's need for PPR pipes because they are used in wiring and plumbing.
Market Segmentation
The market can be divided on the basis of type and applications.
Market Breakup by Type
•High Pressure Pipes
•Low Pressure Pipes
Market Breakup by Application
•Plumbing
•Chemical Industries and Labs
•Others
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the Saudi Arabia PPR pipes market companies. Some of the major key players explored in the report are as follows:
•AL KOBLAN Thermopipe Factory K.T.P.
•Al Mona Plastic Products Factory
•Modern Technology Factory for Plastic
•Tahweel Building Trading Company
•AL-Munif Pipe
•Others
Browse our full report with Table of Contents:
https://marketreportsonsaudiarabia.com/report/764431/saudi-arabia-ppr-pipes-market-report-and-forecast
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