Press release
Global Polyolefin Pipes Market 2024: Sizing Up - Share, Price, Growth, Analysis, Outlook, and a Comprehensive Forecast Report Until 2033
Polyolefin Pipes Market
The Business Research Company presents an extensive market research report on the Polyolefin Pipes Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The polyolefin pipes market size has grown strongly in recent years. It will grow from $19.11 billion in 2023 to $20.28 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to infrastructure development, replacement of aging pipelines, chemical industry usage, oil and gas sector demand, sustainable solutions.
The polyolefin pipes market size is expected to see strong growth in the next few years. It will grow to $25.67 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to global economic factors, infrastructure investments, water management initiative, urban development, pipeline rehabilitation. Major trends in the forecast period include global economic trends, material advantages, market competition and innovation, quality and standards compliance, government initiatives.
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Key Market Players:
Major companies operating in the polyolefin pipes market report are Agru Kunststofftechnik Gesellschaft GmbH, Advanced Drainage Systems Inc., Aliaxis Group SA, Aquatherm GmbH, Blue Diamond Industries LLC, Chevron Phillips Chemical Company LLC, FPI Industries Pvt. Ltd., Georg Fischer Piping Systems Ltd., JM Eagle Inc., Nan Ya Plastics Corporation, POLYPLASTIC Group Ltd., Prinsco Inc., Radius Systems Pvt. Ltd., Thai-Asia PE, United Poly Systems LLC, WL Plastics Corp., Armtec Inc., Charter Plastics Inc., Infra Pipe Solutions Pvt. Ltd., Pars Ethylene Kish Co., Pipeline Plastics LLC, TeraPlast SA, Vesbo Piping Systems, Borealis AG, Abu Dhabi Polymers Co. Ltd., China Lesso Group Holdings Ltd., Chinaust Group, Egeplast AS, Enaplast International Ltd., Finolex Industries Ltd., Foshan Rifeng Enterprise Co. Ltd., HakaGerodur AG, Hurner-Funken GmbH, IPEX Inc., KWH Pipe Ltd., Nupi Industrie Italiane S.p.A., Sekisui Chemical Co. Ltd.
Market Drivers:
The growth of sprinkler and drip irrigation is expected to drive the polyolefin pipes market. Sprinkler irrigation is a sophisticated form of irrigation where the water is delivered under pressure and sprayed through nozzles attached to a network of pipes. Sprinkler and drip irrigation are growing due to increasing water scarcity and the need to increase agricultural productivity and resource efficiency. The growth of sprinkler and drip irrigation will drive demand for polyolefin pipes as they are known to be effective, exceptionally abrasion resistant, and have corrosion resistance, allowing for a long service life. For instance, the Indian government has set a target to achieve 10 million (1 crore) hectares under drip and sprinkler irrigation in 5 years, from 2021-22. In support of this, the government created a drip and sprinkler irrigation fund of $1.2 billion (INR 100 billion) with the National Bank for Agriculture and Rural Development (NABARD), an Indian apex regulatory body for overall regulation of regional rural banks and apex cooperative banks in India. Thus, one of the key factors propelling the demand for polyolefin pipes is the growth of sprinkler and drip irrigation.
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https://www.thebusinessresearchcompany.com/report/polyolefin-pipes-global-market-report
The polyolefin pipes market covered in this report is segmented -
1) By Type: Polypropylene Pipes (PP), Polyethylene Pipes (PE), Plastomer
2) By Application: Irrigation, Potable And Plumbing, Wastewater Drainage, Power And Communication, Industrial Application, Chemical Transportation, Other Applications
3) By End-Use: Building And Construction, Agriculture, Industrial, Other End-Users
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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