Press release
Polyolefin Pipes Market Landscape to 2034: Key Forces Shaping the Next Decade of Growth
Polyolefin Pipes
How Large Will the Polyolefin Pipes Market Size By 2025?
In the past few years, the polyolefin pipes market has seen significant growth. The market value is projected to increase from $20.15 billion in 2024 to $21.37 billion in 2025, with a compound annual growth rate (CAGR) of 6.1%. The growth observed in the historical period can be attributed to factors such as infrastructure development, replacement of old pipelines, use in the chemical industry, demand from the oil and gas sector, and the move towards sustainable solutions.
How Big Is the Polyolefin Pipes Market Size Expected to Grow by 2029?
The market for polyolefin pipes is set to witness significant expansion in the coming years, with its value projected to reach $27.72 billion by 2029, growing at a compound annual growth rate (CAGR) of 6.7%. The predicted growth during this period can be ascribed to various global economic factors, substantial investments in infrastructure, initiatives in water management, urbanization, and pipeline restoration. The anticipated trends during this forecast timeframe are global economic movements, benefits of the material, competitive dynamics and market innovation, adherence to quality and standards, as well as governmental initiatives.
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Which Key Market Drivers Powering Polyolefin Pipes Market Expansion and Growth?
The polyolefin pipes market is forecasted to be propelled by the expansion of sprinkler and drip irrigation. This advanced irrigation technique supplies water under pressure and sprays it through nozzles connected to a pipe grid. The rise in sprinkler and drip irrigation is attributed to growing water scarcity and the necessity to elevate agricultural productivity and optimize resource use. Polyolefin pipes are highly desirable in this context due to their effectiveness, superb resistance to abrasion and immunity to corrosion, contributing to their longevity. In February 2024, for example, the Indian government aimed to bring 10 million (1 crore) hectares under drip and sprinkler irrigation over the course of five years, starting from 2021-22. To aid in this initiative, a drip and sprinkler irrigation fund worth $1.2 billion (INR 100 billion) was established with the National Bank for Agriculture and Rural Development (NABARD), a top Indian regulatory authority overseeing regional rural banks and apex cooperative banks in the country. Therefore, the surge of sprinkler and drip irrigation is identified as a vital factor stimulating demand for polyolefin pipes.
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Which Fast-Growing Trends Are Poised to Disrupt the Polyolefin Pipes Market?
Technological progress is emerging as a significant trend within the polyolefin pipes market. Key industry players are increasingly focused on manufacturing technologically advanced polyolefin pipes, boasting features such as lightness, superior strength, energy efficiency, and cost-efficiency to stand out in the competitive market. Take, for instance, Borouge's introduction of new polyolefin solutions for the Middle East and North Africa (MENA) region in January 2024. These innovative products are intended to meet the escalating demands for high-grade materials in industries like infrastructure, water management, and energy. The newly developed solutions emphasize enhancing the durability, adaptability, and eco-friendliness of polyethylene (PE) and polypropylene (PP) pipes. These pipes are crucial for a host of application areas like gas distribution, water supply, and management of wastewater. This development supports the wider trend in the polyolefin pipes market, with suppliers unveiling progressive materials to meet the demands of proliferating infrastructure developments.
What Are the Emerging Segments in the Polyolefin Pipes Market?
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
Subsegments:
1) By Polypropylene Pipes (PP): Homopolymer PP Pipes, Copolymer PP Pipes (Random And Block Copolymer)
2) By Polyethylene Pipes (PE): High-Density Polyethylene (HDPE) Pipes, Low-Density Polyethylene (LDPE) Pipes, Medium-Density Polyethylene (MDPE) Pipes
3) By Plastomer: Metallocene Polyethylene (mPE) Pipes, Other Plastomer Pipes
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Who Are the Global Leaders in the Polyolefin Pipes Market?
Major companies operating in the polyolefin pipes market are 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.
Which are the Top Profitable Regional Markets for the Polyolefin Pipes Industry?
North America was the largest region in the polyolefin pipes market in 2024. The regions covered in the polyolefin pipes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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