Middle East Spiral Welded Pipes Market Highlights 2020 – 2029
The Middle East spiral welded pipes market is estimated to garner a sizeable revenue by growing at a noteworthy CAGR over the forecast period, i.e., 2021 – 2029. The growth of the market can be attributed to the growing infrastructural development, rising applications of spiral welded pipes for residential and commercial activities in the region, and the increasing number of desalination plants to treat water. According to the World Bank, 70% of the total desalinated water worldwide is consumed by countries in the Gulf Cooperation Council (GCC). Apart from these, pipelines are widely being adopted as a key mode of transportation for petroleum, water, fossil fuel and several refined products, which in turn is expected to boost the demand for spiral welded pipes in the coming years.
The market is segmented by end user into oil & gas industry, petrochemical industry, and water industry, out of which, the oil & gas industry segment is anticipated to hold the largest share in the Middle East spiral welded pipes market on account of the high number of ongoing activities in the oil & gas sector, and a strong presence of many of the largest oil producers worldwide. More than one-third of world’s oil is produced in Saudi Arabia, Iraq, the UAE, Iran and Kuwait. However, the segment for water industry is evaluated to grow with the highest CAGR during the forecast period, which can be ascribed to the intensifying demand for water owing to the rise in population of the region.
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Middle East Spiral Welded Pipes Market Geographical Synopsis
On the basis of geographical analysis, the Middle East spiral welded pipes market is segmented into three major regions, including Iran, the GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman) and rest of the Middle East. The market in the GCC region is estimated to witness a significant growth over the forecast period on the back of increasing number of pipeline projects and oil exports in the region, especially in countries such as Saudi Arabia and the United Arab Emirates. In addition to these, growing investment in industries, namely real estate, infrastructure, water sewage and petrochemicals in Saudi Arabia is also assessed to drive growth to the market in this region the near future. It was calculated that the value of infrastructure sector in Saudi Arabia was the highest in the GCC in 2019, amounting to more than USD 6.3 million. Furthermore, the market in Qatar is also expected to flourish at a high growth rate during the forecast period, which can be credited to major construction ventures in the future such as FIFA world cup 2022 and Doha Metro.
Market Segmentation
Our in-depth analysis of the Middle East spiral welded pipes market includes the following segments:
By Type
- Spiral Submerged Arc-Welding (SSAW) Pipe
- Longitudinal Submerged Arc-Welding (LSAW) Pipe
- Electric Resistance Welded (ERW) Pipe
By End User
- Oil & Gas Industry
- Construction & Infrastructure Industry
- Water Industry
- Others
By Application
- Crude Oil Transmission
- Refined Products Transmission
- Natural Gas Transmission
Growth Drivers
- Rising Infrastructural Development in the Region
- Increasing Number of Desalination Processes in the Middle East
Challenges
- Risks Associated with the Leakage of Pipes
- Improper Maintenance of Pipelines
Top Featured Companies Dominating the Market
- AL JAZEERA STEEL PRODUCTS CO.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- ArcelorMittal SA
- Saudi Steel Pipes Company
- Attieh Steel Ltd.
- Jindal SAW Limited
- Arabian Pipes Co.
- Rezayat Group (National Pipe Company Ltd.)
- EVRAZ plc
- JFE Steel Corporation
- Vallourec group
