Middle East Spiral Welded Pipe Market: Aarkstore.Com

Middle East Spiral Welded (HSAW)Pipe Market Outlook 2021

The HSAW/ Spiral pipes market in the Middle East region is anticipated to flourish at a healthy rate during the forecast period of 2015-2021. HSAW pipe market is backed up by the increasing infrastructural developments in most of the countries like Qatar, Saudi Arabia and U.A.E. In addition to that announcement of major upcoming pipeline projects in the Middle East would further bid to boost the HSAW pipe market of the region.

Country wise, Saudi Arabia is anticipated to have the largest market share of HSAW pipes followed by U.A.E. According to ERC, Saudi Arabia spiral welded pipe market (By volume) would witness the highest CAGR (Compound annual growth rate) of 7.3 % to reach 2305 kilotons in 2021 from 1420 kilotons in 2014. Presently, in Middle East on an average around 68% of installed desalination capacity is being utilized thus leaving 32% as not being utilized. As a result, there would be a less requirement for the expansion of desalination plants in the future; hitting the HSAW pipe industry negatively. Attributing to that same reason the HSAW pipes market (By Volume) in U.A.E. is anticipated to grow at a modest CAGR of 5.5% during the covered forecast period. In contrast, Iran has a greater potential for HSAW pipes but owing to the international sanctions, the production and consumption of HSAW pipes has declined drastically in recent years. However, after the removal of sanction in 2016-2017, Iran is anticipated to get a boom in the HSAW pipes market thus opening the market for domestic and international players. At present, Qatar has a considerable share in Middle East HSAW pipe market and is project to become an attractive market for HSAW pipes manufacturers and players due to upcoming project like Doha Metro and FIFA world cup 2022.

The major challenge that stands in front of the HSAW pipes market of the Middle East is the declining oil prices in the international market that has...