Plastic Electrical Pipe Factory

Request for study

Mashroo3k Consulting offers a feasibility study for a plastic electrical pipes factory project in the Sultanate of Oman, ensuring the highest profitability and the best payback period. This is achieved through a series of precise studies on the size of the Omani market, analysis of local and international competitors’ strategies, and the provision of competitive pricing offers.

Capital

Rate of return

Recovery period Third year

The plastic electrical pipes factory offers a variety of electrical pipes used in electrical wiring for ceilings and walls. The factory targets electrical equipment traders, construction materials suppliers, and contractors. Mashroo3k Consulting provides investors interested in the plastic electrical pipes factory project in the Sultanate of Oman with a range of specialized feasibility studies. These studies are based on up-to-date databases specific to the Omani market, which help ensure the project’s success, achieving the highest profitability and the best payback period.

Project services

Electrical pipes of different diameters made of PVC.

Why Mashroo3k ?

Mashroo3k has over 11 years of experience in preparing feasibility studies, conducting market research, and providing comprehensive consulting services.
Mashroo3k has offices in 7 international branches, located in Saudi Arabia, the UAE, Egypt, Qatar, Oman, Yemen, and Iraq, in addition to its agents in China, Singapore, and other countries.
Having delivered over 7,000 feasibility studies, Mashroo3k has helped thousands of clients achieve their investment goals.
Mashroo3k’s services are accredited and trusted by all financial institutions and funding entities across the Middle East.
The company’s geographic reach spans 35 countries across all continents.
Mashroo3k holds membership in over 100 prestigious international organizations specializing in market research and business management.
Its team consists of 350 consultants with deep expertise in promising economic sectors, ensuring tailored solutions and strategies that meet clients’ needs.
Mashroo3k is partnered with more than 10,200 suppliers across 22 countries, providing logistical support for projects, including production lines, raw materials, machinery, and equipment.
With an extensive database, Mashroo3k enhances the accuracy of its forecasts and analyses, strengthening its risk management capabilities.

Water and air tight
Dustproof
Non-conductive
High moisture resistance
Non-flammable
Crack-resistant
High resistance to corrosion and rust
High resistance to friction
Easy installation and maintenance
Flexibility

Executive summary

About the project
Financial indicators
Justifications for establishing the project
Government investment incentives in the project field
Target markets
Indicators and final results of the project

Study project services/products

Project Description and All Its Products/Services.
Project Advantages and Production Requirements.

Market Size Analysis

Understanding Distribution Channels.
Consumer Behavior, Preferences, and Habits.
Competitors’ Products or Services, and Their Strengths and Weaknesses.
Market Nature and Characteristics.
Demand Size for the Product or Service Offered.
Available Market Share of the Target Market.
The Optimal Marketing Method.

Risk Assessment

Risk Identification.
Impact of Risks on the Project.
Risk Mitigation Methods

Technical study

A detailed description of the project’s products, expected production capacity, and determination of investment costs.
Determining the required electricity and water capacity.
Determining the project’s labor requirements.
Determining the project’s requirements.
Calculating construction and building costs.
Calculating the total capital
Determining the annual operating costs.
Determining the amount of working capital.

Financial study

Total investment costs required for the project.
Organizing cash flow statements, income statements, and the balance sheet for the first ten years of operation.
Determine the expected annual revenues of the project in light of the specified operational capacities
The optimal financing structure for the project in light of investors’ capabilities and financing conditions.
The project’s financial indicators and sensitivity analysis.

Organizational and administrative study

Project workforce.
Organizational structure.
Job responsibilities.

The Plastic Sector in the GCC Countries

In 2020, the global plastic market was estimated at around 579.7 billion USD and is expected to reach 750.1 billion USD by 2028, with a compound annual growth rate (CAGR) of 3.4%. Regarding the GCC region, the plastic industry has grown in recent decades, driven by governments’ desire to diversify their economies and reduce reliance on oil and gas as the sole sources of income. Additionally, the rising demand for plastics in industries such as automotive, packaging materials, construction, and water pipes has been another factor contributing to the growth of this vital industry. A report by the Gulf Petrochemicals and Chemicals Association (GPCA) indicated that plastics are the second-largest industrial sector in the region, with products worth up to 108 billion USD. For those interested in exploring the indicators of this industry in Saudi Arabia, “Mashroo3k” will present specific points that can serve as a guide in your investment journey, based on the latest available statistics:

Saudi Arabia accounts for nearly 72% of the GCC’s plastic production and its industries. The Gulf region, as a whole, represents 9% of the global plastic industry.
Saudi Arabia ranks 8th globally in plastic production, holding 2% of the global polymer production.
By the end of Q2 2021, there were over 222 rubber and plastics factories in Saudi Arabia, representing 11.9% of the total number of operating factories in the Kingdom.
According to the Harmonized System for International Trade classification, Saudi Arabia’s exports of “Plastics in Primary Forms” were valued at 67,824,000,000 SAR, with a weight of approximately 16,978 tons. For “Plastics in Non-Primary Forms,” the value of these exports was estimated at 2,403,000,000 SAR, with a weight of 384 tons.
In Q2 2020, the value of exports of plastics, rubber, and their products was around 13,723,000,000 SAR, which increased to 22,491,000,000 SAR in Q2 2021.
Operating expenses for rubber and plastic product manufacturing activities now exceed 10,103,147,000 SAR, while total revenues for these activities reached 20,148,798,000 SAR.
Operating expenses for rubber and plastic product manufacturing are expected to rise to 20,264,052,000 SAR by 2027, while operating revenues for these activities are anticipated to reach 32,477,785,000 SAR in the same year (2027). This represents an expense growth rate of 8% and a revenue growth rate of 5.4%.

In conclusion, “Mashroo3k” confirms that global demand for plastics will triple by 2050, and the data we have indicates an increase in plastic consumption among individuals in the GCC countries, with per capita consumption of plastic estimated at around 94 kg/year, according to the latest available statistics.

According to the Organization for Economic Co-operation and Development (OECD), the total global plastic production reached 234 million metric tons in 2000 and has since grown to 460 million metric tons, marking a significant expansion in the sector. As a result, “Mashroo3k” advises investing in this sector, especially considering that global plastic waste has increased from 156 million metric tons in 2000 to 353 million metric tons in 2019.

Global Plastic Sector

The global plastic market was valued at 593 billion USD in 2021. By the end of 2022, the market value is expected to reach 609.01 billion USD. The market will expand at a compound annual growth rate (CAGR) of 3.7%, and by the end of 2030, the market value is projected to reach approximately 811.57 billion USD.