In recent years, many social and economic infrastructure projects executed in Saudi Arabia. The Kingdom's government has allocated huge amounts inventment for industrial projects such as water, transportation and manufacturing due to the increasing demand for water. The developing of water desalination industry has contributed to a significant rise in demand for spiral welded pieps in the Kingdom. The spiral welded pipe industry is withnessing tremendous growth in production, as various players expanded their production capacities to meet the soring spiral pipe demand. According to the analysis, the deman of spiral welded pipes is expected to grow at a CAGR of more than 4% during 2015-2020. Also, the main factors that leading to increase in the demand and consumption for spiral welded pipes includes increasing government spending in water projects, increasing inventments in new filed exploration for oil and gas, and increasing construction & infrastructure projects etc.
No comments:
Post a Comment