Increased Spending on Exploration and Production of Oil and Gas and Construction Activities is Expected to Drive the Steel Pipes and Rebars Demand in Saudi Arabia: Ken Research

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Major steel manufacturing companies are ISO 3183:2012, ISO 11960:2014, ISO 11961:2008 and ISO/CD 11961; ISO 9443:1991, ISO 10353:1980, ISO 10144:1991, ISO 722:1991 and ISO 158351:2009; A53-B, A106-B and API 5L-B; ASTM A955 / A955M – 17 and ASTM A615 / A615M – 16 certified to successfully supply the final product in Saudi Arabia steel pipes and rebars market.

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” by Ken Research suggested a five year positive CAGR in sales volume of steel pipes and revenues of steel rebars in Saudi Arabia for the projected period 2017-2021.

The oil companies operating in Saudi Arabia have gained access to a wide variety of crudes with modern horizontal drilling and hydraulic fracturing techniques. Furthermore, the country has an outgrowing demand for seamless pipes and tubes which is driven by growing popularity in demand for high grade Oil Country Tubular Goods (OCTG) constituting a wide range of steel tubular products specifically seamless pipes and tubes in various sizes and lengths that are used in oil and gas exploration and production.

Saudi Arabia has an oil based economy with strong government controls over major economic activities. The country has emphasized their goals of diversification majorly due to decline in oil prices, thus forcing the government to make more drastic changes ahead of their long-run timeline. Major companies such as Arcelor Mittal Ltd, Arabian Pipes Co, National Pipes Co, Global Pipes Co, Saudi Steel Pipe Co and Welspun Corp Ltd for steel pipes; and Atteih Steel, Rajhi Steel, Al-Ittefaq Steel Products Co, Zamil Steel Construction Co Ltd and Riyadh Steel for steel rebars are maintaining quality standards owning to specific ISO certifications and API quality standards. Lastly, the steel consumption is increasing majorly due to rising construction activities, growing investment in railway, infrastructure and road projects. While the construction of infrastructure forms a large part of Saudi Arabia’s development ambitions and major projects involving high usage of steel rebars are underway.

Key Topics Covered in the Report

Lsaw Pipe Market Size

Imports Steel Rebars Saudi Arabia

Steel Tube Pipe Sectoral Demand

Arcelor Mittal Steel Pipe Revenue Ksa

Steel Pipe Suppliers in Saudi Arabia

Saudi Arabia Rebars Manufacturers

Sales Steel Pipes Market

Saudi Arabia Seamless Steel Pipe Industry

Steel Pipe Tube Supplier Ksa

Saudi Arabia Steel Pipe Manufacturers

National Pipe Revenue Mix Ksa

Flat Square Rebars Market Demand

For further reading click on the link below:

https://www.kenresearch.com/manufacturing-and-construction/machinery-and-parts/saudi-arabia-steel-pipes-rebars-market/130124-97.html

Related Reports by Ken Research

https://www.kenresearch.com/manufacturing-and-construction/machinery-and-parts/united-states-reinforced-thermoplastic-pipes-rtp/128377-97.html

https://www.kenresearch.com/manufacturing-and-construction/machinery-and-parts/uk-reinforced-thermoplastic-pipes-rtp/128360-97.html

Contact:

Ken Research

Ankur Gupta, Head Marketing & Communications

query@kenresearch.com

+91-124-4230204

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