Plastic Pipes Factory is an industrial facility producing plastic pipes and tubes which used in some activities, such as water transportation, sanitation, industrial, irrigation, and infrastructure systems. Plastic pipes are primarily manufactured from several materials, including Polyvinyl chloride (PVC) Polyethylene (PE) Polypropylene (PP). The manufacturing of plastic pipes involves a series of key phases: combining raw materials with plasticizers, heating, extrusion, cooling, calibration, cutting, and others.
Plastic Pipes Factory is an industrial facility producing plastic pipes and tubes which used in some activities, such as water transportation, sanitation, industrial, irrigation, and infrastructure systems. Plastic pipes are primarily manufactured from several materials, including Polyvinyl chloride (PVC) Polyethylene (PE) Polypropylene (PP).
The manufacturing of plastic pipes involves a series of key phases: combining raw materials with plasticizers, heating, extrusion, cooling, calibration, cutting, and others
Mashroo3k for Economic Consulting is pleased to provide specialized services to investors interested in investing in the Plastic Pipes Factory by providing an analytical study that includes updated data and statistics of the project market, which gives our client a deep understanding of all the project aspects. Our study encompasses the following key areas: technical, financial, marketing, administrative, and environmental analysis which enable the project to capture its target market share.
Executive Summary
Project Service/Product Study
Market Size Study
Study of Risks
Technical Study
Financial Study
Regulatory and Administrative Study
Plastics Sector in the Gulf Cooperation Council Countries
In 2020, the global plastics market registered an estimated volume of approximately USD 579.7 billion. Moreover, the market value is expected to reach USD 750.1 billion by the year 2028, with a compound annual growth rate of 3.4%. In the Gulf Cooperation Council (GCC) region, the plastics industry has witnessed notable expansion in recent decades. This growth is attributed to governmental initiatives aimed at achieving economic diversification, emphasizing a strategic shift away from sole reliance on oil and gas as primary sources of income. It is imperative to underscore the heightened demand for plastics in specific industries, including cars packaging materials, construction and water pipes. There was a report by the Gulf Petrochemicals and Chemicals Association (GPCA) that stated that plastics are the second largest industrial sector in the region with products worth up to USD 108 billion. In case you want to catch a glimpse of this industry’s indicators in the Kingdom of Saudi Arabia,our company Mashroo3k shows you specific points that can serve as a guide in your investment journey, based on the latest available statistics:
Ultimately, Mashroo3k emphasizes that global demand for plastic will triple by 2050. The available data indicate that the level of plastic consumption by individuals in the GCC countries has increased, with the per capita consumption of plastic estimated at 94 kg/year according to the latest available statistics.
According to the Organization for Economic Co-operation and Development (OECD), the global total production of plastic reached 234 million metric tons, then increased to 460 million metric tons which is considered as a significant growth in this sector. Consequently, Mashroo3k recommends investing in this sector due to the increasing global waste of plastic from 156 million metric tons in 2000 to 353 million metric tons in 2019.
Global Plastics Sector
The global plastics market value reached USD 593 billion in 2021. While at the end of 2022, the market value is expected to reach USD 609.01 billion. Moreover, the market is expected to expand at a CAGR of 3.7%, with USD 811.57 billion by the end of 2030.