Press release
Polyethylene Pipes Market Expected to Achieve 6.7% CAGR by 2029: Growth Forecast Insights
Polyethylene Pipes
How Large Will the Polyethylene Pipes Market Size By 2025?
The polyethylene pipes market increased significantly, from $9.83 billion in 2024 to $10.35 billion in 2025 at a CAGR of 5.3%. Earlier growth was influenced by infrastructure projects, increased construction, pipeline replacement, water-saving initiatives, and cost efficiency.
How Big Is the Polyethylene Pipes Market Size Expected to Grow by 2029?
The market size for polyethylene tubing is anticipated to witness robust expansion in the foroming years, hitting a ceiling of $13.41 billion in 2029 at a 6.7% compound annual growth rate (CAGR). The sustained growth predicted for the forecast period can be ascribed to factors such as enlargement of gas distribution infrastructure, renewable energy initiatives, urban growth and requisite infrastructure, management of water and wastewater, and an international shift towards the adoption of plastic piping. Noteworthy trends for the future period encompass renewable energy initiatives, proactive measures for leak detection and prevention, investment in R&D, and technological amalgamation.
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Which Key Market Drivers Powering Polyethylene Pipes Market Expansion and Growth?
The demand in the polyethylene pipes market is escalating due to the growing focus on wastewater treatment and water foundation. Wastewater treatment and water foundation constitute the process of converting wastewater into environmentally safe water. The attractive features of polyethylene pipes such as high production rate, seamless surface wall, flexible linkage, minimal leakage, portability, ease of construction, and affordability make them an excellent choice for drainage pipes used in residential sewage treatment ventures. As per the July 2022 report released by the International Trade Administration (ITA), a US-based Department of Commerce agency endorsing non-agricultural goods and services exports, there has been an upsurge in Australia's water and wastewater treatment sector, clocking in an estimated market size of $1,410 million in 2022. This amplifies the ongoing commitment towards solving water-related issues. The government's funding for new and enhanced projects, along with the initiation of the $2.5 billion National Water Grid Fund, emphasizes the national concentration on safeguarding future water supply as a critical, long-range priority. Therefore, the upsurge in wastewater treatment and water foundation can be expected to stimulate the growth of the polyethylene pipes market.
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Which Fast-Growing Trends Are Poised to Disrupt the Polyethylene Pipes Market?
Key players in the polyethylene pipes market are forging strategic partnerships to inspire innovative, sustainable and high-performance piping solutions across multiple sectors. The central idea is the implementation of PCR polypropylene, a more environment-friendly substitute to customary materials. The purpose is to reduce plastic waste and increase product recycling. As an illustration, Borouge Pte Ltd, a petrochemical firm from the UAE, established a cooperation with Union Pipes Industry (UPI), a UAE-based plastic pipe manufacturing firm in October 2024. The alliance involves a substantial agreement worth AED 20 million, in which Borouge will provide UPI with fully recycled PCR polypropylene. This recovered substance will be used in the production of tailor-made pallets for Borouge's logistical operations. The pallets, made of the recycled polypropylene, are anticipated to last thrice longer than the ordinary pallets and offer enhanced hygiene because they are not susceptible to insect infestation and do not call for fumigation.
What Are the Emerging 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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Who Are the Global Leaders 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 are the Top Profitable Regional Markets for the Polyethylene Pipes Industry?
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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