HDPE pipes market size value is expected to reach $22 billion during the forecast period with a CAGR rate of 5%. HDPE pipes are widely used in various applications, but mainly it is used in transportation mediums. The traditional piping system has relied on the composition of the metal, and it was very tough to handle. They were exposed to risks such as corrosion and leakage and also a chemical reaction. But HDPE pipes are the solution to all of these problems, and they have enhanced the piping systems because of their good chemical properties and composition. HDPE pipes are easier to handle, lightweight, and easier to bend due to the system’s blueprint and are resistant to any chemical exposure. They also offer a better lifespan and reduce the extra expenditure.
The rapid growth of the telecom sector is one of the major factors behind the HDPE pipes market growth. HDPE has all the requirements to build and safe and efficient telecom environment, and it will boost the HDPE pipes market trends. These pipes are one of the best mediums for transporting water, gases, and chemicals. One of the best advantages of HDPE pipes it are 6-8 times lighter than conventional pipes. Additionally, they are highly used for water transportation because they react with water. HDPE pipes are used in drip irrigation, flood irrigation, portable water supply, air-conditioning ducting, sewage, electrical installation and also drainage pipes.
Get sample copy of report at: https://www.marketresearchfuture.com/sample_request/7573
Market segmentation
The HDPE pipes market is segmented on type, diameter, and end-user
By type, the market is divided into PE63, PE80, and PE 100. Among them, PE100 was accounted for the highest HDPE pipes market share. PE100 is used for water pipelines, biological treatment lines, desalination plants, sea discharge lines, compressed air lines, cooling-heating lines, etc.
The HDPE pipes market is segmented into one small diameter pipe and two large-diameter pipes by diameter. Small diameter pipes had the highest share in the HDPE pipes market. Und user segments the market segmented into oil and gas pipe, water supply pipe, sewage system pipe, agriculture irrigation pipe. Among these, water supply pipes hold the highest share in the market.
Speak to analyst: https://www.marketresearchfuture.com/ask_for_schedule_call/7573
Regional analysis
The major regions in the HDPE pipes market are North America, Asia Pacific, Europe, and the rest of the world. The Asia-Pacific region accounted for the largest share with 45.7% in 2019, and it is projected to dominate the market in the forecast period. China is one of the fastest-growing countries, owing to increasing investments in health care projects. Agriculture is one of the other major industries behind china’s economy, and it will have a positive impact on the HDPE pipes market. North America is expected to see the highest growth rate in the forecast period due to HDPE pipes in the industrial sector.
Industry news
In March 2020, GE piping systems signed a contract with Oxford Flow limited. This will reduce water loss which is a major problem around the globe right now. In November 2020, GE piping Systems signed a joint venture with Corys Investments LLC. It aims to invest in a new production site for plastic pipes to participate in the water distribution market.
Browse full Report: https://www.marketresearchfuture.com/reports/hdpe-pipes-market-7573
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Related Reports:
http://icrowdnewswire.com/rfid-tags-market-revenue-and-share-study-analysis-to-2030
http://icrowdnewswire.com/industrial-labels-market-know-the-untapped-growth-opportunities-to-2030
