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The HDPE Pipes Market Size was valued at USD 17.12 Billion in 2021. The HDPE Pipes market industry is projected to grow from USD 18.36 Billion in 2022 to USD 28.32 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 5.56% during the forecast period (2022 – 2030).
The market for HDPE pipes is anticipated to experience significant expansion due to the expanding usage of HDPE pipes in several end-use industries. The market for HDPE pipes is anticipated to rise as a result of the increase in demand for water irrigation systems in the agricultural sector. It is projected that rapid urbanisation would increase the need for water supplies, increasing the need for HDPE pipes. In addition, developing sewage disposal infrastructure drives up demand for HDPE pipes. The market expansion is anticipated to be hampered by fluctuating raw material prices linked to changes in crude oil prices.
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Competitive Dynamics
These days, significant players have emerged to meet the rising demand for HDPE pipes. To meet the rising demand in the HDPE Pipes Market, several manufacturers are making plans to distribute their wares in more locations. In addition, numerous businesses are emphasizing the use of organic and inorganic materials in HDPE pipe production. Moreover, they intend to join with other market participants in order to achieve steady expansion and maintain reliable product delivery.
Key players of the market are
JM Eagle Inc. (US), United Poly Systems (US), Radius system (UK), Dura-Line Corp. (US), Lane Enterprises, Inc. (US)
Market USP:
Market Drivers
The need for HDPE pipes in a variety of industries, including the oil and gas, chemical, and even agricultural industries, has increased, contributing to the expansion of the HDPE Pipes Market. Additionally, the HDPE pipes are constructed from a synthetic polymer that is extracted from petroleum and is also used to make water pipes, corrosion-resistant piping solutions, and plastic bottles.
The primary factor that is favorably affecting the market value growth is due to the characteristics of HDPE pipes. Because HDPE pipes are strong, durable, and resistant to damage from external stresses and vibration, they can withstand even high-pressure water flow. The growing use of HDPE pipes in a variety of industries, including the production of plastic bottles, the chemical, and the oil and gas industries, is also having a beneficial impact on the market share for HDPE pipes.
The government attempts to purify the drinking water and enhance the quality of wastewater in several nations are increasing the use opportunities for HDPE pipes, which is fueling the market’s expansion. The advantages of employing HDPE pipes, which have a greater level of corrosion resistance and long-term durability, are also expanding the market’s potential for growth.
Market Restraints
The primary restraint that has a detrimental effect on the market for HDPE pipes is the fluctuation in raw material prices. Due to the fact that HDPE pipes are used in the production of plastics, which harms the environment. Plastic usage has decreased recently as more people become aware of the dangers of using them. This also had a limiting effect on the market’s expansion. The manufacturing businesses are up against numerous obstacles in their efforts to expand the use of HDPE pipes in the industrial and construction sectors. The cost of raw materials has increased as a result of the pandemic’s expansion, which is also difficult for the development of HDPE pipes.
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Market Segmentation:
By Type
Over the course of the review period, there should be strong demand for the PE 80 category.
By application
All application types in the market for HDPE pipes are expected to be dominated by the revenue share of the water and wastewater sector. Manufacturers are increasing their production rates to improve the supply of pipes in this industry. Applications for pipelines in the gas and water industries are giving manufacturers reliable sources of income.
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Regional Analysis:
North America is keeping the dominating position in the HDPE Pipes Market because of the gradual utilization of the HDPE pipes to increase the quality of the wastewater, and also to purify the water in several nations like the US. Given the ongoing renovation of outdated irrigation and water systems on the continent, the market in Europe has enormous prospects for HDPE pipes.
Due to the progressive increase in the use of HDPE pipes in sectors like the construction industry as well as government initiatives to employ HDPE pipes, the Asia Pacific region is anticipated to dominate the market over the forecast period. Due to the large demand from the irrigation and water & wastewater sectors, the Asia-Pacific region also accounts for a sizeable portion of the global market for HDPE pipes. Many of the region’s fast-growing economies have expanded their industrial, agricultural, and oil & gas exploration activities. Countries like India and Southeast Asian nations are anticipated to be the main drivers of HDPE pipe demand in the Asia-Pacific region.
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