PVC market in Saudi Arabia is anticipated to cross US$890 mlnby 2020

02-Jun-15
The PVC market in Saudi Arabia is anticipated to cross US$892 mln by 2020. The Central and Western regions account for over two-thirds of the country's PVC demand and this trend is expected to continue over the next five years. Saudi Arabia PVC market is dominated by one major conglomerate, SABIC (operates with its affiliate Petrokemya), which held the majority market share in 2014. Other players operating in the country's PVC market include Arabian Plastic Compounds Co. Ltd. (APC), Interplast Co. Ltd., ALRajhi Industrial Group, TIB Plastic Industries, Middle East Specialized Cables Co (MESC), Bahra Cables Company, Al Thinayyan Holding Group and Intergulf-Empol. Increasing focus towards construction and infrastructural developments is driving the PVC market in the Kingdom. PVC demand in Saudi Arabia is inclined more towards rigid PVC, which has witnessed moderate growth over the last five years, owing to its increasing usage in end user industries. Prominent rigid applications include PVC pipes, PVC window profiles, etc., whereas flexible PVC applications encompass PVC cables and cable sheaths, flooring, etc.
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