Press release
Polyethylene Pipes Market Growth Opportunities, Size, Share Analysis, Recent Developments And Forecast To 2033
Polyethylene Pipes Market Analysis
The Business Research Company offers in-depth market insights through Polyethylene Pipes Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The polyethylene pipes market size has grown strongly in recent years. It will grow from $9.31 billion in 2023 to $9.9 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to infrastructure development projects, growing construction activities, replacement of aging pipelines, water conservation initiatives, cost-effective material.
The polyethylene pipes market size is expected to see strong growth in the next few years. It will grow to $12.65 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to expansion of gas distribution networks, renewable energy projects, urbanization and infrastructure needs, water and wastewater management, global push for plastic pipe usage. Major trends in the forecast period include renewable energy projects, focus on leak detection and prevention, investments in research and development, technological integration.
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Market Segmentation:
The polyethylene pipes market covered in this report is segmented -
1) By Type: High Density Polyethylene (HDPE), Cross Link Polyethylene, Low Density Polyethylene (LDPE), Linear Low Density Polyethylene (LLDPE)
2) By Application: Underwater and Municipal, Gas Extraction, Construction, Industrial, Agriculture, Other Applications
Major Driver - Demand Surge In Polyethylene Pipes Market Driven By Water Foundation Expansion
Rising wastewater treatment and water foundation are driving the demand in the polyethylene pipes market going forward. Wastewater treatment and water foundation refer to the process of transforming wastewater into water that can be released back into the environment. Due to their high manufacturing capacity, smooth surface wall, flexible connection, minimal leakage, portability, simple construction, and low-price, polyethylene pipes are a great option for drainage pipes used in residential sewage treatment projects. For instance, in July 2022, according to the report published by The International Trade Administration (ITA), a US-based Department of Commerce agency that promotes the export of non-agricultural goods and services, Australia's water and wastewater treatment sector exhibited growth, with the total market size reaching an estimated $1,410 million in 2022, reflecting an ongoing commitment to addressing water challenges. The government's allocation of funding for new and augmented projects, coupled with the establishment of the $2.5 billion National Water Grid Fund, underscores the nation's focus on securing future water supply as a key long-term priority. Therefore, the rising wastewater treatment and water foundation will drive the growth of the polyethylene pipes market.
Competitive Landscape:
Major companies operating in the polyethylene pipes market report are Kubota ChemiX Co Ltd., Flying W Plastics Inc., Applied Plastics Co, Inc., Furukawa Electric Co Ltd., Wavin B.V., Contech Engineered Solutions, Polyplastics Co Ltd., Jain Irrigation Systems Ltd., Genuit Group, Pipelife International GmbH, COSMOIND Co Ltd., Cangzhou Mingzhu Plastic Co Ltd., NewAge Industries, WL Plastics Corp, Olayan Group, Asahi/America Inc, Blue Diamond Industries, Pacific Corrugated Pipe Ltd., Chemtrol Industries Private Limited, Nandi Group, Compressed Air Systems, Inc., Speed Field Services, Lane Enterprises Inc., Dura-Line India Pvt Ltd., Tianjin Junxing Pipe Group Co Ltd., Ginde Pipe, Maanshan Goody Plastic Co Ltd., Kazanorgsintez PJSC, IPEX USA LLC, CertainTeed Corporation
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Top Trend - Innovations Driving Economic And Environmental Advancements In Polyethylene Pipes
Major companies in the polyethylene pipes market are focusing on innovative product, such as reinforced thermoplastic pipe technology, to offer an economically and environmentally superior option. Reinforced thermoplastic pipe technology involves the use of thermoplastic materials fortified with structural reinforcements to create a durable and corrosion-resistant piping system suitable for various industrial applications. For instance, in July 2023, Baker Hughes, a US-based energy technology company that provides solutions to industrial and energy customers globally, launched PythonPipe with its advanced co-extruded liner. This product ensures enhanced durability and reduced permeability, offering a cost-effective, environmentally sustainable alternative in the polyethylene pipes market. With up to 60% faster installation, one-fifth the cost of comparable steel, and a 75% reduction in carbon emissions, PythonPipe addresses diverse market needs, providing a compelling solution for companies seeking durable and eco-friendly options.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Polyethylene Pipes Market Characteristics
3. Polyethylene Pipes Market Trends And Strategies
4. Polyethylene Pipes Market - Macro Economic Scenario
5. Polyethylene Pipes Market Size And Growth
…..
27. Polyethylene Pipes Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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