Press release
Steady Expansion Forecast for Polyolefin Pipes Market, Projected to Reach $27.13 Billion by 2029
Polyolefin Pipes
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Polyolefin Pipes Market Size Valuation Forecast: What Will the Market Be Worth by 2025?_x000D_
The size of the polyolefin pipes market has significantly expanded in the last few years. The market value is anticipated to rise from $20.15 billion in 2024 to $21.17 billion in 2025, reflecting a compound annual growth rate (CAGR) of 5.1%. The historical period's expansion can be associated with infrastructure development, upgrading of outdated pipelines, usage in the chemical industry, demand from oil and gas sector, and sustainable solutions._x000D_
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Polyolefin Pipes Market Size Forecast: What's the Projected Valuation by 2029?_x000D_
Strong expansion is forecasted in the polyolefin pipes market in the forthcoming years, with the sector predicted to reach $27.13 billion by 2029, growing at a compound annual growth rate (CAGR) of 6.4%. This anticipated rise in the forecast period can be credited to worldwide economic elements, infrastructure expenditure, water governance schemes, urban progression, and pipeline refurbishment. During the forecast period, prominent trends include global economic movements, benefits of the material, market rivalry and innovation, adherence to quality and standards, and governmental initiatives._x000D_
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What Are the Drivers Transforming the Polyolefin Pipes Market?_x000D_
The advancement of sprinkler and drip irrigation techniques is projected to stimulate the polyolefin pipes industry. The sprinkler irrigation method, which dispenses water through nozzles connected to a piping network under pressure, is an advanced form of irrigation. Their growth is being propelled by increasing water shortages and a need for more efficient agricultural resource use and productivity enhancement. The development of these irrigation techniques is boosting the demand for polyolefin pipes, renowned for their durability, exceptional abrasion resistance, and resistance to corrosion, which leads to a longer lifespan. For instance, the Indian government projected a target of achieving 10 million hectares under drip and sprinkler irrigation within a period of 5 years, between 2021-22, in February 2024. To aid this vision, a drip and sprinkler irrigation fund of $1.2 billion (INR 100 billion) has been established with the National Bank for Agriculture and Rural Development (NABARD), an Indian epitome regulatory body responsible for the regulation of regional rural and apex cooperative banks across India. Therefore, the burgeoning growth of sprinkler and drip irrigation constitutes a primary factor driving the demand for polyolefin pipes._x000D_
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What Long-Term Trends Will Define the Future of the Polyolefin Pipes Market? _x000D_
The advancement in technology is a prominent trend that is gaining traction in the polyolefin pipes industry. Leading market participants are concentrating on the production of polyolefin pipes with cutting-edge technologies, offering next-generation characteristics such as light in weight, high strength, power efficiency, and affordability to gain a competitive lead in the polyolefin pipes industry. To illustrate, Borouge introduced new polyolefin solutions in January 2024, specifically for the Middle East and North Africa (MENA) market. These novel solutions are tailored to cater to the increasing need for high-quality materials across sectors such as infrastructure, water conservation, and energy. Enhancing the endurance, adaptability, and ecological sustainability of polyethylene (PE) and polypropylene (PP) pipes, integral to a diverse range of applications including gas supply, water delivery, and wastewater management, is the focus of these new solutions. This introduction is in line with the broader trend in the polyolefin pipes industry where new superior materials are being launched to meet the requirements of burgeoning infrastructure projects._x000D_
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Which Segments in the Polyolefin Pipes Market Offer the Most Profit Potential?_x000D_
The polyolefin pipes market covered in this report is segmented - _x000D_
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1) By Type: Polypropylene Pipes (PP), Polyethylene Pipes (PE), Plastomer _x000D_
2) By Application: Irrigation, Potable And Plumbing, Wastewater Drainage, Power And Communication, Industrial Application, Chemical Transportation, Other Applications_x000D_
3) By End-Use: Building And Construction, Agriculture, Industrial, Other End-Users_x000D_
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Subsegments:_x000D_
1) By Polypropylene Pipes (PP): Homopolymer PP Pipes, Copolymer PP Pipes (Random And Block Copolymer)_x000D_
2) By Polyethylene Pipes (PE): High-Density Polyethylene (HDPE) Pipes, Low-Density Polyethylene (LDPE) Pipes, Medium-Density Polyethylene (MDPE) Pipes_x000D_
3) By Plastomer: Metallocene Polyethylene (mPE) Pipes, Other Plastomer Pipes_x000D_
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Which Firms Dominate the Polyolefin Pipes Market by Market Share and Revenue in 2025?_x000D_
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. _x000D_
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Which Regions Offer the Highest Growth Potential in the Polyolefin Pipes Market?_x000D_
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._x000D_
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