HDPE Pipes Market Size Anticipated to Soar to New Heights in the Future | Lane Enterprises, Inc., Prinsco, Inc., Uponor, Poly plastic group

The global HDPE pipes market was valued at $17,907 million in 2017 and is projected to reach $26,518 million by 2025, growing at a CAGR of 5% from 2018 to 2025. High density polyethylene pipes (HDPE) are electrical conduit pipes made from polyethylene grade raw materials such as PE 63, PE 80, and PE 100. HDPE pipes are mediums for conveying and transporting chemicals, water, and gases. They are 6-8 times lighter than conventional pipes and are non-corrosive in nature, which make them suitable for water transportation. These characteristics make them applicable for numerous applications including flood irrigation, drip irrigation, portable water supply, and others.

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The increase in application of HDPE pipes in various end-use industries such as oil & gas, chemicals, and others is expected to boost the growth of the global HDPE pipes market. The rise in demand from water irrigation systems in agricultural industry further provides substantial growth to the global HDPE pipe market. Moreover, the growing sewage disposal infrastructure is expected to increase the demand for HDPE pipes. However, volatile raw material prices attributed to fluctuation in prices of crude oil is expected to restrain the growth of the overall market. Conversely, innovation and advancement in PE pipes are the factors expected to provide future growth opportunities to the HDPE pipes market.

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. Based on application, the market is classified into oil & gas pipe, agricultural irrigation pipe, water supply pipe, sewage system pipe, and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in the report includeJM 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, and Blue Diamond Industries, LLC. These market players have adopted different business strategies, such as acquisition, product launch, merger, and partnership to stay competitive in the global HDPE pipes market. The other key players operating in the market include Canada Culvert, Inc. (WGI Westman Group, Inc.), Dura-Line Corp., IPEX Inc., Reliance Industries Limited, and Kanaflex Corporation Co., Ltd.

Key Benefits for HDPE Pipes Market :

Porter's five forces analysis helps analyze the potential of buyers and suppliers and the competitive scenario of the industry for strategy building.

This report outlines the current trends and future scenario of the HDPE pipes market from 2018 to 2025 to understand the prevailing opportunities and potential investment pockets.

Major countries in each region are mapped according to their individual revenue contribution to the global/regional market.

The key drivers, restraints, and opportunities and their detailed impact analyses are elucidated in the study.

The profiles of the key players along with their key strategic developments are enlisted in the report.

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COVID-19 Impact

In 2019, the COVID-19 epidemic swept the globe. It brought everything to a halt. It had an impact on the entire world economy. Moreover, a great number of people have also perished. In total, 5,091,465 fatalities and 252,297,094 cases of COVID-19 have been reported worldwide. A majority of the nations on earth were affected by the pandemic. The pandemic brought some kind of loss in the majority of industries. The epidemic caused a slowdown in the chemical industry as well. According to Statista, the business generated over US$ 3.94 trillion in worldwide sales in 2019. An all-time high of US$5.4 trillion in revenue was produced by the sector in 2014.

The level of rivalry among well-known international corporations has been determined by studying a number of key industries, as well as market competition, market share, current developments in the sector, novel product launches, alliances, mergers, and acquisitions by key corporations.

KEY MARKET SEGMENTS

By Type

PE 63
PE 80
PE 100

By Application

Oil & Gas Pipe
Agricultural Irrigation Pipe
Water Supply Pipe
Sewage System Pipe
Others

By Region

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
LAMEA
Brazil
South Africa
Saudi Arabia
Rest of LAMEA

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This release was published on openPR.