The Saudi Arabia Polyvinyl Chloride (PVC) Market is estimated to grow at a CAGR of around 4.5% during the forecast period, i.e., 2023-28.
Key Findings of the Study: Saudi Arabia Polyvinyl Chloride (PVC) Market
Saudi Arabia Polyvinyl Chloride (PVC) Market Driver: Surging Construction of Residential Building to Lead the Market Growth
During the historical period, the residential sector experienced notable growth due to the increasing construction of housing units in the country. The emergence of government housing programs such as the Sakani housing program has been a key growth driver in Saudi Arabia's residential construction industry. The expansion of housing units significantly contributed to the demand for PVC construction materials like pipes & fittings, siding & cladding, window frames & profiles, roofing membranes, etc.
Furthermore, the government has been continuously investing in the residential sector to raise home ownership to reach nearly 70% by 2030. The government launched more than 90 residential construction projects across Saudi Arabia in 2020, intending to construct more than 140,000 housing units over the next few years. As a result, the expansion of residential projects would necessitate the demand for construction materials in the country. Also, the soaring need for construction materials in the country would push the demand for manufacturing PVC-made construction materials, therefore upscaling the growth graph of the Saudi Arabia Polyvinyl Chloride (PVC) Market.
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Scope of the Report and Saudi Arabia Polyvinyl Chloride (PVC) Market Segmentation
By Product Type
-Rigid
-Flexible
-Low-smoke PVC
-Chlorinated PVC
- Rigid PVC held a significant share in the Saudi Arabia Polyvinyl Chloride market due to its application to manufacture pipes & fittings, wires & cables, films & sheets, bottles, etc.
By Application
-Pipes & Fittings
-Film & Sheets
-Wire & Cables
-Bottles
-Others (Profiles, Hoses, etc.)
By End Users
-Construction
-Automotive
-Packaging
-Electrical & Electronics
-Consumer Goods
-Others (Healthcare, Signage & Advertising, etc.)
Top leading companies in the Saudi Arabia Polyvinyl Chloride (PVC) Market includes:
Saudi Basic Industries Corporation, Arabian Plastic Compounds Co. Ltd., Interplast Co. Ltd., ALRajhi Industrial Group, TIB Plastic Industries, Arabian Gulf Manufacturers Ltd., Saudi Plastic Products Company Ltd. (SAPPCO), Al Watania Plastics, AL Watanya for Plastic Industry, New Product Industries Co. Ltd., and others
For more detailed information about the Saudi Arabia Polyvinyl Chloride (PVC) market report, click here – https://www.marknteladvisors.com/research-library/saudi-arabia-pvc-market.html
Geographical analysis:
East
West
South
Central
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