Market Research Reports - Ken Research Steel Pipe Suppliers In Saudi Arabia - KenResearch

Expected Reduction in Import Dependency for Steel Pipes and Rebars in Saudi Arabia with
New Project Opportunities for Domestic Steel Pipes Manufacturers: Ken Research
Increasing usage of polished steel pipes is expected to generate sales for steel pipes in the
country.
Steel manufacturing has been vital to the growth of non-oil-dependent gross domestic product,
further serving the economic diversity.
Over the forecast period, Saudi Arabia steel pipes market will prepare itself to meet the future
demand expected from the substantial investment proposed in key areas such as oil and gas
segment, construction sector, manufacturing sector, infrastructural development and
agriculture. The demand for steel pipes used in oil and gas segment is expected to increase
owning to their high level of tensile strength and corrosion resistance. Increasing usage of
polished steel pipes is another major factor which is expected to generate sales for steel pipes
in the country.
On the other side, demand for steel rebars is expected to increase in near future owning to high
rate of infrastructural development and construction rate in Saudi Arabia. Steel manufacturing
has been vital to the growth of non-oil-dependent gross domestic product, further serving the
economic diversity. Mining projects and basic developmental infrastructure projects which are
to be launched are further going to boost the demand for steel rebars in near future.
Despite the global economic downturn, the Kingdom plans to expand its petrochemical industry
over the next 10 years to build new plants, expand existing ones and integrate refineries with
new or existing petrochemical units. Saudi Aramco (the Saudi Arabian oil company) is planning
to bring up new refineries and petrochemicals projects in the KSA.
Opportunities exist in the field of applying epoxy coating to steel rebars for which small and
medium scale enterprises can be formed for the main purpose of improving the quality of
finished steel products, thus creating additional demand for Saudi Arabia steel rebars market in
future, according to the Analyst at Ken Research.
Ken Research in its latest study, Saudi Arabia Steel Pipes and Rebars Market Outlook to 2021 –
Growth of Construction Sector and Oil & Gas Projects is Likely to Drive Demand suggested that
ArcelorMittal and Arabian Pipes Co. will continue their dominance but have to face fierce
competition and an expected price war with National Pipe, Global Pipe Co, Saudi Steel Pipe Co
and Welspun Corp Ltd for steel pipes market. Saudi Arabia steel pipes market is estimated to
register a positive CAGR during 2016 to 2021. The oil companies operating in Saudi Arabia are
trying to gain access to a wide variety of crudes with the help of modern horizontal drilling and
hydraulic fracturing techniques which will lead to a higher demand for sour pipes in future. On