MOSCOW (MRC) -- The PVC market in Saudi Arabia is anticipated to cross USD892 mln by 2020, said Researchandmarkets.
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.
Saudi Basic Industries Corporation (Sabic) ranks among the world's top petrochemical companies. The company is among the world's market leaders in the production of polyethylene, polypropylene and other advanced thermoplastics, glycols, methanol and fertilizers.
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