Mashroo3k Company offers a feasibility study for a plastic electrical pipes manufacturing project in Egypt, providing the highest profit return and the best payback period, through a series of accurate studies on the Egyptian market size, analyzing the strategies of local and foreign competitors, and presenting competitive pricing proposals.
The plastic electrical conduit factory offers a variety of electrical pipes used in wiring installations within ceilings and walls. The factory targets electrical supplies traders and businesses specializing in construction and finishing materials. mashroo3k Consulting provides investors interested in establishing a plastic electrical conduit factory in Egypt with a set of specialized feasibility studies, based on up-to-date databases tailored to the Egyptian market. These studies are designed to support the success of the project, ensure maximum profitability, and secure the best possible payback period.
Water and air leakage prevention
Dustproof
Non-conductive
Highly resistant to humidity
Non-flammable
Unbreakable
High resistance to corrosion and rust
High resistance to friction
Easy installation and maintenance
Flexibility for bending
Executive summary
Study project services/products
Market Size Analysis
Risk Assessment
Technical study
Financial study
Organizational and administrative study
The Plastics Sector in the GCC Countries
In 2020, the global plastics market was valued at approximately USD 579.7 billion, and it is expected to reach USD 750.1 billion by 2028, with a compound annual growth rate (CAGR) of 3.4%.
In the Gulf Cooperation Council (GCC) region, the plastics industry has grown significantly over recent decades, driven by government efforts to diversify economies and reduce dependence on oil and gas as sole sources of income.
Moreover, the rising demand for plastic in various industries—such as automotive, packaging, construction, and water piping—has been a key driver behind the growth of this vital sector. A report by the Gulf Petrochemicals and Chemicals Association (GPCA) highlighted that plastics represent the second-largest industrial sector in the region, with products valued at around USD 108 billion.
For those seeking a closer look at industry indicators in the Kingdom of Saudi Arabia, “Mashroo3k” presents key data points that can serve as a guide for your investment journey, based on the most recent available statistics:
Saudi Arabia accounts for approximately 72% of total plastic production in the GCC, while the region as a whole contributes 9% to global plastics manufacturing.
The Kingdom ranks 8th globally in plastics production and holds a 2% share of global polymer output.
As of the end of Q2 2021, there were over 222 rubber and plastics factories in Saudi Arabia, representing 11.9% of all operational factories in the Kingdom.
According to the Harmonized System (HS) classification, Saudi exports in the category of “Plastics in primary forms” were valued at SAR 67.824 billion, with a volume of approximately 16,978 tons. Exports in the “Non-primary plastic forms” category were valued at SAR 2.403 billion, with a volume of 384 tons.
In Q2 2020, the total value of plastic and rubber product exports was estimated at SAR 13.723 billion, increasing to SAR 22.491 billion by Q2 2021.
The operational expenditures of rubber and plastic product manufacturing activities currently exceed SAR 10.103 billion, while total revenues from these activities have reached SAR 20.149 billion.
By 2027, operating expenses in the rubber and plastic manufacturing sector are projected to rise to SAR 20.264 billion, with revenues expected to reach SAR 32.478 billion. This indicates a projected expense growth rate of 8% and a revenue growth rate of 5.4%.
In conclusion, “Mashroo3k” affirms that global demand for plastic is expected to triple by 2050. The available data also highlights the high level of plastic consumption per capita in the GCC region, with the latest statistics indicating that the average annual plastic consumption per individual is estimated at 94 kg.
According to the Organisation for Economic Co-operation and Development (OECD), global plastic production reached 234 million metric tons in the year 2000. This figure surged to 460 million metric tons, reflecting substantial growth in the sector’s output. Therefore, Mashroo3k strongly recommends investing in this sector, especially given that global plastic waste increased from 156 million metric tons in 2000 to 353 million metric tons by 2019.
The global plastics market was valued at USD 593 billion in 2021. By the end of 2022, it was expected to reach USD 609.01 billion. The market is projected to expand at a compound annual growth rate (CAGR) of 3.7%, reaching a value of approximately USD 811.57 billion by 2030.
