Showing posts with label Future Rebars Market Ksa. Show all posts
Showing posts with label Future Rebars Market Ksa. Show all posts

Wednesday, August 23, 2017

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 the other hand, ArcelorMittal and Attieh Steel Co. will further lead in steel rebars market facing fierce competition and an expected price war with Rajhi Steel Industries, Al-Ittefaq Steel Products Co, Zamil Steel Construction Co and Riyadh Steel. Saudi Arabia steel rebars market is also estimated to register a positive CAGR during 2016 to 2021. Announcement of major upcoming projects in construction, industrial and manufacturing sector will be creating several opportunities for the local or domestic steel manufacturers, thus reducing the country’s import dependency for steel rebars from major countries such as China and Turkey.
Key Topics Covered in the Report
Saudi Arabia Rebars Manufacturers
Saudi Arabia Steel Pipe Manufacturers
Sales Steel Pipes Market
Steel Pipe Tube Supplier Ksa
Steel Pipe Suppliers in Saudi Arabia
For further reading click on the link below:
Related Reports by Ken Research
Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-124-4230204

Friday, August 18, 2017

Saudi Arabia Steel Pipes and Rebars Market Outlook to 2021: Ken Research

The report titled “Saudi Arabia Steel Pipes and Rebars Market Outlook to 2021 –Growth of Construction Sector and Oil & Gas Projects is Likely to Drive Demand” provides a comprehensive analysis of steel pipes and rebars in Saudi Arabia. The report focuses on overall market size for steel pipes and rebars sold in Saudi Arabia, market segmentation of steel pipes by type of steel pipes (seamless, ERW, SAW and LSAW), by sectoral demand (oil and gas, construction and agriculture), by sectoral demand for seamless pipes (oil and gas and construction), by sectoral demand for LSAW pipes (hydrocarbon sector and structural and other demand), by type of LSAW pipes (sour pipes and non-sour pipes), by sectoral demand for ERW pipes (oil and gas and others), by diameter of LSAW pipes (24.0-30.0 inches, 48.0 inches and others) and by grade of LSAW pipes (X60 and X65 and B class pipes); market segmentation of steel rebars by sectoral demand (oil and gas, construction, manufacturing and others), by regional demand (Riyadh, Dammam, Jeddah and others) and by finishing type (fabricated rebars, epoxy coated rebars and black rebars). The report also covers company profile of major players, competition scenario; import scenario for steel rebars; decision making process, government regulations; growth drivers and trends and issues and challenges. The report concludes with SWOT analysis and market projection for future highlighting the major opportunities and cautions.
Market Size for Steel Pipes and Rebars in Saudi Arabia
Saudi Arabia steel pipes market produced ~ million tonnes steel pipes in 2011 exhibiting a five year CAGR of ~% from 2011 to 2016. The market for sales witnessed a positive trend in the country as the sales volume increased to ~ million tonnes of steel pipes in 2016 used majorly in oil and gas, construction and agriculture sector. On the other hand, steel rebars market in Saudi Arabia generated revenues worth USD ~ million 2011, which grew to USD ~ million in 2016 at a five year CAGR of ~% from 2011 to 2016. Increase in usage of steel rebars is displayed through rising infrastructure investment with the goal to diversify the economy in Saudi Arabia.
Saudi Arabia Steel Pipes Market Segmentation
By Type of Steel Pipes
Seamless pipes dominate the sales volume of steel pipes with volume share of ~% in 2016. These pipes are perceived to withstand higher pressure, higher temperature, higher mechanical stress and corrosive atmosphere. The ERW pipes segment followed with ~% of total sales volume in 2016. Major companies such as Dar Al Mawad Industrial Co. Ltd. (DAMICO) and Saudi Steel Pipe Company sell ERW pipes across the nation. The SAW pipes segment gained third position with ~% of total sales volume and LSAW pipes segment captured minimal share worth ~% of total sales volume in 2016.
By Type of LSAW Pipes
Based on type of LSAW pipes, Saudi Arabia steel pipes market was classified into non-sour and sour pipes. The non-sour pipes segment dominated the steel pipes market with volume share of ~% in 2016 owning to higher production of sweet and light crude oil coupled with cheaper production cost. On the other hand, sour LSAW pipes segment was witnessed to generate ~% volume share in 2016.
By Sectoral Demand
Major sectors in Saudi Arabia were broadly classified into oil and gas, construction and agriculture. Primarily, oil and gas sector dominates the Saudi Arabia steel pipes market with volume share worth ~% in 2016. Other sectors such as construction and agriculture sector captured volume shares worth ~% and ~% respectively, in 2016.
By Sectoral Demand for Seamless Pipes
Based on sectoral demand for seamless pipes, sectors were classified into oil and gas and construction. Seamless pipes are crucially used in this sector owning to their strength, resistance to corrosion and longer product life which collectively make these pipes perfect for oil and gas industry. On the other hand, demand for seamless pipes from construction sector was able to capture ~% volume share in 2016.
By Sectoral Demand for ERW pipes
ERW pipes were mainly in demand from oil and gas sector. ERW pipes are majorly used for low and medium pressure applications such as transportation of oil and gas. The sector captured ~% volume share in Saudi Arabia steel pipes market. On the other hand, demand for ERW pipes through other sectors was able to capture remaining ~% volume share in 2016.
Saudi Arabia Steel Rebars Market Segmentation
By Sectoral Demand
Major sectors in Saudi Arabia can be broadly classified into oil and gas, construction, manufacturing and others. Primarily, steel rebars work as a support system for the pipe line system installed in the petrochemical industry which is used for transmission of gases and liquids from one place to another, thus capturing ~% of sales revenue in 2016. The construction sector constituted ~% of total revenues whereas manufacturing and other sectors were collectively able to grab revenue share of ~% in 2016.
By Regional Demand
Riyadh region dominated the Saudi Arabia steel rebars market with revenue share of ~% in 2016. Rising construction projects such as King Abdullah City of Atomic and Renewable energy, Sudair Industrial City and Riyadh Light Rail Network are responsible for such high share. Dammam followed with revenue share of ~% of the total sales volume whereas, Jeddah and other regions such as Hadeed and Al-Jubail captured the remaining ~% revenue share in 2016.
By Finishing Type
Fabricated rebars dominated the revenues generated through sales of steel rebars with a share of ~% in 2016. These type of rebars are generally used in the construction sector owning to slab-on-ground slabs, where the ground has been well compacted. The epoxy coated segment followed with ~% revenue share. On the other hand, black rebars captured minimal share worth ~% of total revenues generated from sales of steel rebars in Saudi Arabia in 2016.
Competition Scenario
Saudi Arabia steel pipes market is highly concentrated with the presence of major players such as Arabian Pipes, National Pipes, Global Pipes and others. Arabian Pipes Co. is leading Saudi Arabia steel pipes market with ~% volume share, followed by National Pipes with volume share of ~% in 2016. These companies are facing immense unfair competition from Chinese suppliers.
On the other hand, Saudi Arabia steel rebars market is highly concentrated with the presence of major players such as Arcelor Mittal, Atteih Steel, Rajhi Steel, Saudi Iron and Steel Company, Ittefaq Steel, Zamil Steel, Riyadh Steel and others.
Future Outlook
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. Increasing usage of polished steel pipes is another major factor which is expected to generate sales worth ~ million tonnes by 2021, thus growing at a CAGR of ~% over the forecast period of five years from 2016 to 2021 in Saudi Arabia. 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 worth USD ~ billion (SAR ~ billion) were launched in 2016 in the eastern region Ras Al-Khair by Saudi Arabia's King Salman Bin Abdulaziz Al Saud which is further going to boost the demand for steel rebars in near future. The sales of steel rebars in Saudi Arabia is expected to generate revenue worth USD ~ million by 2021, thus growing at a CAGR of ~% from 2016 to 2021.
Key Topics Covered in the Report
Executive Summary
Research Methodology
Saudi Arabia Steel Pipes and Rebars Market Overview and Genesis
Value Chain Analysis of Saudi Arabia Steel Pipes and Rebars Market
Saudi Arabia Steel Pipes Market
Saudi Arabia Steel Rebars Market
Decision Making Process adopted by Customers before purchasing Steel Pipes and Rebars in Saudi Arabia
Profiling of Major Steel Pipes and Rebars Customer in Saudi Arabia: Saudi Aramco
Growth Drivers and Trends in Saudi Arabia Steel Pipes and Rebars Market
Issues and Challenges in Saudi Arabia Steel Pipes and Rebars Market
Government Regulations in Saudi Arabia Steel Pipes and Rebars Market
SWOT Analysis in Saudi Arabia Steel Pipes and Rebars Market
Future Outlook and Projections for Saudi Arabia Steel Pipes and Rebars Market
Macroeconomic Factors affecting Saudi Steel Pipes and Rebars Market
For further reading click on the link below:
Related Reports by Ken Research
Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-124-4230204