According to a report published by Market Research Future (MRFR) on the global HDPE pipes market, it is exhibit a CAGR of about 5%, and is likely to be valued at USD 22 billion by the end of the review period of 2018 and 2023.
Polyethylene resin is the feedstock for HDPE pipes. The raw material has high resistance to corrosion and changing temperature. These advantages of polyethylene resins are likely to boost the global HDPE pipes market growth. These pipes are gaining popularity due to their large scale utility in the transportation of oil, water, gas, wastewater, and other substances. Other applications such as heat fusion to form strong joint that aid in the elimination of leaks in ductile iron or PVC pipes. These pipes are fatigue proof. The market is also likely to capitalize on the ability of HDPE pipes to bear extreme pressure. Their highly flexible makes them the best choice for earthquake-prone areas, hence extensively used by builders. In addition, the cost-effectivness of HDPE pipes and their contribution in saving considerable money and time for installation are factor that can push the market.
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The global HDPE pipes market has been segmented based on type and application.
By type, the market has been classified into PE 63, PE 80, and PE 100. The PE 63 segment is likely to exhibit the maximum growth across the evaluation period. The high paced expansion of the segment can be attributed to features of PE 63 such as ease of installations, flexibility, light in weight, and fusion welded to join leaks in free pipe systems. The application of PE 63 grade of pipes in irrigation systems, and water wastewater systems are likely to spur the growth of the market.
By application, the market is segmented into irrigation, oil and gas, and water and wastewater. The water and wastewater segment is likely to exhibit the maximum growth rate during the evaluation period. As the population density increase, the increase the demand for better water hygiene is likely to push the water and wastewater segment growth.
Asia-Pacific, North America, Europe, and the Rest of the World (RoW) are main regional segments of HDPE pipes market. The market of HDPE pipes in the North America region is expected to dominate in the global market, primarily owing to the increase in RD activities that are encouraging the development of advanced materials, as numerous pipeline upgrading projects for water infrastructure line up.
The HDPE pipe market in the Asia-Pacific region is likely to register the highest growth rate over the evaluation period. The market in China is expected to exhibit the highest growth rate. Increase in the population base and growing urban migration are factors that are likely to promote the expansion of the APAC market. The increase in the need for supplying clean drinking water is another factor that is expected to bolster the regional market growth. In addition, the high adoption of HDPE pipes across different industries in the region is likely to propel its market.
MRFR listed some of the important manufacturers of global HDPE pipes. United Poly Systems (US), WL Plastics (US), JM Eagle Inc. (US), Lane Enterprises, Inc. (US), Radius system (UK), Dura-Line Corp. (US), Prinsco, Inc. (US), Polyplastic Group (Russia), Canada Culvert, Inc. (Canada), and IPEX Inc. (US). An in-depth analysis of the market key players aid in the analysis of the global market by enabling stakeholders and businessman to predict annual turnover, segmental share, SWOT analysis, and design growth strategies.
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