Saudi Arabia $349 Mn Reinforced Thermoplastic Pipes Market, By Region, Competition, Forecast & Opportunities, 2019-2023 & 2024-2029

Dublin, Jan. 09, 2025 (GLOBE NEWSWIRE) — The “Saudi Arabia Reinforced Thermoplastic Pipes Market, By Region, Competition, Forecast & Opportunities, 2019-2029F” report has been added to ResearchAndMarkets.com’s offering.

The Saudi Arabia Reinforced Thermoplastic Pipes Market was valued at USD 263.27 Million in 2023, and is expected to reach USD 349.12 Million by 2029, rising at a CAGR of 4.66%

The Reinforced Thermoplastic Pipes (RTP) market refers to the industry segment involved in the production, distribution, and application of pipes made from thermoplastic materials reinforced with various fibers, such as aramid, glass, or carbon. RTPs are known for their lightweight, corrosion-resistant, and durable nature, making them suitable for diverse applications in sectors like oil and gas, chemical processing, and water transportation.

These pipes are manufactured through processes like extrusion or filament winding, where the thermoplastic matrix is combined with reinforcing fibers to enhance mechanical strength and structural integrity. The RTP market has witnessed significant growth due to increasing demand for cost-effective and high-performance piping solutions, driven by the need for reliable infrastructure in harsh operating environments. Key factors influencing market dynamics include technological advancements in material science, regulatory standards favoring environmental sustainability, and the expansion of infrastructure projects globally.

Market players in RTPs include manufacturers, suppliers, and distributors catering to a broad spectrum of industrial applications. The market’s evolution is marked by innovations in composite materials, enhanced manufacturing processes, and strategic collaborations to address specific industry challenges and opportunities. As global industrial activities continue to expand, the RTP market is poised for further development, driven by ongoing investments in infrastructure and sustainable solutions across various end-user industries.

Water Desalination and Distribution Projects:

The increasing emphasis on water desalination and distribution projects in Saudi Arabia thus represents a significant driver for the RTP market. As the demand for reliable and efficient water infrastructure grows, RTPs are poised to play a crucial role in meeting these requirements while supporting the Kingdom’s broader economic and environmental objectives. Saudi Arabia is the largest producer of desalinated water in the world. It has a desalination capacity of approximately 5 million cubic meters per day. Around 50% of the population in Saudi Arabia relies on desalinated water for their drinking and domestic water needs.

Petrochemical Industry Growth:

Saudi Arabia’s petrochemical industry is a key driver of economic growth and diversification, supported by abundant hydrocarbon resources and strategic investments in downstream industries. Reinforced Thermoplastic Pipes (RTPs) play a crucial role in this sector by providing efficient and cost-effective solutions for transporting chemicals, acids, and other corrosive fluids in petrochemical plants and refineries.

The growth of Saudi Arabia’s petrochemical industry, supported by Vision 2030 initiatives aimed at expanding downstream manufacturing capabilities, drives the demand for advanced piping solutions like RTPs. As the Kingdom continues to invest in new petrochemical projects and infrastructure upgrades, RTP manufacturers are poised to capitalize on opportunities to provide innovative and sustainable piping solutions that meet the stringent operational demands of the industry.

Saudi Arabia Reinforced Thermoplastic Pipes Segmental Insights

The High-Density Polyethylene held the largest market share in 2023. HDPE offers a robust combination of mechanical properties that make it highly suitable for a variety of applications. It is known for its excellent strength-to-weight ratio, which allows for lightweight yet durable piping solutions. In industries such as water distribution, sewage systems, and agricultural irrigation – critical sectors in Saudi Arabia where efficient water management is essential – HDPE RTPs provide reliability and longevity. They can withstand high pressures, abrasion, and chemical corrosion, ensuring minimal downtime and reduced maintenance costs over their operational lifespan.

HDPE is prized for its flexibility, which simplifies installation processes and allows for easier adaptation to various terrain and environmental conditions prevalent in Saudi Arabia. This flexibility reduces the need for complex jointing systems and facilitates faster deployment in large-scale infrastructure projects, aligning with the Kingdom’s ambitious development plans under Vision 2030.

HDPE RTPs are recognized for their environmental sustainability. They are recyclable and have a lower carbon footprint compared to traditional piping materials like steel or concrete. This aspect aligns with Saudi Arabia’s commitment to sustainable development and environmental stewardship, encouraging the adoption of eco-friendly solutions across its industrial sectors.

Additionally, the cost-effectiveness of HDPE RTPs plays a crucial role in their dominance in the Saudi Arabian market. HDPE pipes typically require lower installation and maintenance costs compared to alternatives like steel, especially in projects spanning extensive geographical areas. This cost efficiency is particularly advantageous in a market sensitive to economic fluctuations and budget constraints, allowing for optimized project planning and resource allocation.

Regional Insights

Riyadh held the largest market share in 2023. Riyadh serves as a major economic hub in Saudi Arabia, driving substantial infrastructure development across various sectors including oil and gas, water management, petrochemicals, and construction. The city’s robust economic growth has fueled demand for advanced piping solutions like RTPs, which are crucial for modernizing and expanding infrastructure networks.

Saudi Arabia’s Vision 2030 initiative, aimed at diversifying the economy and reducing dependency on oil revenue, has prioritized infrastructure development as a key pillar. Riyadh, as the political and administrative center, receives significant investments under Vision 2030 to enhance urban infrastructure, industrial facilities, and public services. This includes the adoption of innovative technologies such as RTPs to improve efficiency, sustainability, and operational reliability across infrastructure projects in and around the city.

Riyadh hosts a diverse range of industrial and commercial activities, including manufacturing, logistics, and services. Industries such as oil refining, petrochemicals, and manufacturing plants require robust piping systems like RTPs for transporting fluids and chemicals safely and efficiently. The city’s industrial base, coupled with its strategic location and access to transportation networks, further amplifies the demand for RTPs as a preferred choice for piping solutions.

Located centrally within Saudi Arabia, Riyadh enjoys excellent connectivity through road networks, railways, and air transportation, facilitating the distribution and deployment of RTPs across the Kingdom. This logistical advantage supports the seamless integration of RTPs into large-scale infrastructure projects spanning multiple regions, reinforcing Riyadh’s position as a pivotal market for thermoplastic pipes.

Key Attributes:

Report Scope:

Key Market Players

• NOV Inc.
• TENARIS
• Prysmian S.p.A
• Saudi Arabian Amiantit Company
• Magma Global Ltd
• Wienerberger AG
• Pipelife Nederland BV
• Sekisui Chemical Co., Ltd.

Saudi Arabia Reinforced Thermoplastic Pipes Market, By Classification:

• High-Density Polyethylene
• Polyamide
• Polyvinylidene Fluoride
• Others

Saudi Arabia Reinforced Thermoplastic Pipes Market, By Reinforced Material:

Saudi Arabia Reinforced Thermoplastic Pipes Market, By Pipe Size:

• Up to 4 Inches
• 6 Inches
• Above 6 Inches

Saudi Arabia Reinforced Thermoplastic Pipes Market, By End Use:

• Oil & Gas
• On Shore Operations
• Off Shore Operations
• Chemical
• Water Industry
• Others

Saudi Arabia Reinforced Thermoplastic Pipes Market, By Region:

• Riyadh
• Makkah
• Madinah
• Eastern Province
• Dammam
• Rest of Saudi Arabia

For more information about this report visit https://www.researchandmarkets.com/r/lhb1g

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• Saudi Arabian Reinforced Thermoplastic Pipes Market