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HDPE Pipes Market Expected To Grow Considerably Due To the Increased Application of HDPE Pipes in A Variety of End-Use Industries

04-08-2019 10:34 AM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

HDPE Pipes Market

HDPE Pipes Market

The HDPE pipe market is valued at $17,907 million in 2017 and is expected to grow at a CAGR of 5% between 2018 and 2025, to $26,518 million by 2025.

High-density polyethylene pipes are made from graded materials such as PE 63, PE 80 and PE 100 and are considered one of the best media for transporting and transporting chemicals, water and gases. One of the main advantages of using HDPE pipes is that they are 6 to 8 times lighter than conventional cast iron and galvanized iron pipes. It is also suitable for water transportation because it is inherently non-corrosive.

The HDPE pipe market is expected to grow considerably due to the increased application of HDPE pipes in a variety of end-use industries. As the demand for water irrigation systems in the agriculture industry grows, the growth of the HDPE pipe market is accelerating. Rapid urbanization increases the demand for water supply, which increases the demand for HDPE pipes. This contributes to the growth of the global HDPE pipe market.

In addition, an increase in sewage treatment infrastructure will increase demand for high-density polyethylene pipes. However, fluctuations in commodity prices due to crude oil volatility are expected to hamper market growth. Conversely, the innovation and progress of PE pipes are expected to provide growth opportunities for the HDPE pipe market.

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The key players profiled in the report include
• JM Eagle Inc.
• WL Plastics
• Lane Enterprises Inc.
• Prinsco Inc.
• Uponor
• Poly plastic group
• Mexichem S.A.B. de C.V
• United Poly systems
• Radius system
• Blue Diamond Industries LLC.

These market players are adopting different strategies such as acquisition, product launch, and merger to stay competitive in the global HDPE pipes market.

The other key players of the industry include Canada Culvert, Inc. (WGI Westman Group, Inc.), Dura-Line Corp., IPEX Inc., Reliance Industries Limited, and Kanaflex Corporation Co., Ltd.

The global HDPE pipes market is segmented into type, application, and region. Based on type, the global HDPE pipes market is divided into PE 63, PE 80, and PE 100. The PE 63 segment is projected to be the most lucrative segment during the forecast owing to increase in use of PE 63 pipes in water transportation, agriculture, and drinking water applications.

Based on application, the market is segmented into oil & gas pipe, agricultural irrigation pipe, water supply pipe, sewage system pipe, and others. The water supply pipe segment is estimated to grow at the highest CAGR during the forecast period. The growth of the segment is attributed to rise in demand for water infrastructure due to growing population.

Based on region, the global HDPE pipes market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America is anticipated to witness high growth rate during the forecast period owing to the increase in investment in the polyethylene industry.

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Key Finding of the HDPE Pipes Market:
• The PE 100 segment nearly occupied three-fourth share of the global HDPE pipes market in 2017.
• The PE 63 segment is projected to grow at the highest CAGR during the forecast period.
• The water supply pipe application nearly occupied one-seventh share in 2017.
• North America accounted for one-fifth share of the global market in 2017.

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About Us:

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

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