Press release
Polyethylene Pipes Market Poised to Hit $13.7 Billion by 2029 with Accelerating Growth Trends
Polyethylene Pipes
What Is the Expected CAGR for the Polyethylene Pipes Market Through 2025?
In the past years, the market size of polyethylene pipes has shown robust growth. It is predicted that the market will expand from $9.83 billion in 2024 to $10.46 billion in 2025, with a compound annual growth rate (CAGR) of 6.3%. The growth in the previous period was primarily driven by infrastructure development projects, increasing construction activities, replacement of antiquated pipelines, initiatives for water conservation, and cost-effective materials.
What's the Projected Size of the Global Polyethylene Pipes Market by 2029?
Over the next few years, the polyethylene pipes market is anticipated to experience significant growth, escalating to a market worth of $13.7 billion in 2029 with a compound annual growth rate (CAGR) of 7.0%. Factors contributing to the anticipated growth during the forecast period include the enlargement of gas distribution networks, renewable energy projects, urbanization and infrastructure requirements, water and wastewater administration, and a global drive towards the utilization of plastic pipes. Key trends for this period would comprise renewable energy projects, emphasizing leak detection and prevention, investments in research and development, and the integration of technology.
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Top Growth Drivers in the Polyethylene Pipes Industry: What's Accelerating the Market?
The growing need for wastewater treatment and water groundwork is catalyzing the polyethylene pipes market's expansion. These two concepts relate to the conversion of wastewater back into environmentally friendly water. Owing to their significant production capacity, slick wall surface, flexible links, negligible leakage, easy transport, straightforward construction, and cost-effectiveness, polyethylene pipes serve as the ideal choice for drainage pipes in domestic sewage treatment projects. For instance, data from a July 2022 report by The International Trade Administration (ITA), a U.S.-based Department of Commerce agency advocating for the export of non-agricultural commodities and services, highlight growth in Australia's water and wastewater treatment sector. The total market size estimated to be around $1,410 million in 2022-evidence of a steadfast commitment to addressing water-related challenges. The government's allocation of funds for new and enhanced projects, along with the launch of the $2.5 billion National Water Grid Fund, have strengthened the country's resolve to ensure future water supply as a critical long-term priority. Consequently, the increase in wastewater treatment and water groundwork is set to invigorate the polyethylene pipes market.
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What Trends Will Shape the Polyethylene Pipes Market Through 2029 and Beyond?
Notable businesses in the polyethylene pipes market are forming tactical alliances to stimulate the advancement of high-end, sustainable pipe solutions across different sectors. These strategies involve the use of PCR polypropylene, a more eco-friendly substitute to conventional materials, as they aim to cut down plastic waste and boost product recyclability. For example, Borouge Pte Ltd, a petrochemical entity based in the UAE, in October 2024 joined forces with Union Pipes Industry (UPI), a plastic pipe manufacturer also from the UAE. The alliance precipitated a significant AED 20 million contract where Borouge is to provide UPI with entirely post-consumer recycled (PCR) polypropylene. This recycled substance will be deployed in the production of tailor-made pallets for Borouge's logistical operations. The lifespan of the pallets made from recycled polypropylene is projected to be up to triple that of standard pallets. Furthermore, these pallets are more hygienic as they are resistant to insects and do not necessitate fumigation.
What Are the Main 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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Which Top Companies are Driving Growth in the Polyethylene Pipes Market?
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
Which Regions Will Dominate the Polyethylene Pipes Market Through 2029?
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.
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