Press release
Demand Surge In Polyethylene Pipes Market Driven By Water Foundation Expansion: An Emerging Driver Transforming The Polyethylene Pipes Market Landscape
Polyethylene Pipes Market Share
What Is the Polyethylene Pipes Market Size and Projected Growth Rate?
The market for polyethylene pipes has seen a robust growth in recent years. It's projected to rise from a valuation of $9.83 billion in 2024 to $10.46 billion in 2025, implying a compound annual growth rate (CAGR) of 6.3%. Factors such as infrastructure advancement initiatives, escalation in construction activities, substitution of old pipelines, plans for water conservation, and the cost-effectiveness of the material significantly contributed to the growth witnessed in the previous years.
The market for polyethylene pipes is predicted to witness significant expansion in the coming years, reaching a value of $13.7 billion in 2029, with a compound annual growth rate (CAGR) of 7.0%. This projected rise during the forecast period is due to the broadening of gas distribution grids, initiatives related to renewable energy, urban advancement and infrastructural necessities, water and wastewater organization, along with the worldwide encouragement for the utilization of plastic pipes. Notable trends throughout the forecast timeframe involve projects centered around renewable energy, efforts towards detecting and preventing leakages, investment in research and development sectors, and the inclusion of technology.
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What Are the Major Segments in the Polyethylene Pipes Market?
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
Subsegments:
1) By High Density Polyethylene (HDPE): Pressure Pipes, Non-Pressure Pipes
2) By Cross Link Polyethylene (PEX): PEX-A, PEX-B, PEX-C
3) By Low Density Polyethylene (LDPE): Thin-Walled Pipes, Thick-Walled Pipes
4) By Linear Low Density Polyethylene (LLDPE): Film Pipes, Non-Film Pipes
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What Are The Driving Polyethylene Pipes Market Evolution?
The increasing need for wastewater treatment and water foundation are propelling the demand for polyethylene pipes in the market. This process entails turning wastewater into water that is safe enough to be reintroduced into the environment. Thanks to their excellent manufacturing capacity, sleek surface wall, flexible connection, minor leakage, portability, straightforward construction, and low cost, polyethylene pipes prove to be an exceptional choice for drainage pipes in residential sewage treatment projects. For example, a report by The International Trade Administration (ITA), a Department of Commerce agency in the US that supports the export of non-agricultural goods and services, in July 2022 highlighted that Australia's water and wastewater treatment sector is growing. It revealed that the total market size touched an estimated $1,410 million in 2022, indicating a sustained commitment to tackling water problems. The government's dedication to funding new and enhanced projects, along with the creation of the $2.5 billion National Water Grid Fund, amplifies the country's emphasis on securing future water supply as a major long-term goal. Hence, the upsurge in wastewater treatment and water foundation is anticipated to propel the expansion of the polyethylene pipes market.
Which Firms Dominate The Polyethylene Pipes Market Segments?
Major companies operating in the polyethylene pipes market include Kubota ChemiX Co Ltd., Flying W Plastics Inc., Applied Plastics Co, Inc., Furukawa Electric Co Ltd., Wavin B.V., Contech Engineered Solutions, 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, 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
What Trends Are Driving Growth in The Polyethylene Pipes Market?
Leading corporations in the polyethylene pipes market are establishing strategic alliances to further develop sustainable, high-performing pipe solutions for different sectors. The purpose of these alliances is to promote the use of PCR polypropylene, an eco-friendly substitute for conventional materials. This move intends to decrease plastic waste and boost product recyclability. Borouge Pte Ltd, a petrochemical firm from UAE, for example, formed a partnership with Union Pipes Industry (UPI), a UAE-based plastic pipe manufacturing firm, in October 2024. The partnership includes a significant deal worth AED 20 million, where Borouge will provide UPI with 100% post-consumer recycled (PCR) polypropylene. This recycled material will be used to construct customized pallets for Borouge's logistical operations. The pallets made from recycled polypropylene are foreseen to last up to three times longer than regular pallets. They also boast increased cleanliness, as they don't attract insects and don't necessitate fumigation.
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Which Is The Largest Region In The Polyethylene Pipes Market?
North America was the largest region in the polyethylene pipes market share in 2024. The regions covered in the polyethylene pipes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Polyethylene Pipes Market?
2. What is the CAGR expected in the Polyethylene Pipes Market?
3. What Are the Key Innovations Transforming the Polyethylene Pipes Industry?
4. Which Region Is Leading the Polyethylene Pipes Market?
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