An increase in applications of high-density polyethylene pipes (HDPE) pipes, especially in irrigation systems in the agricultural sector.
PORTLAND, OREGON, UNITED STATES, September 20, 2021 /EINPresswire.com/ — HDPE pipe manufacturers invest in the technological advancement & development of HDPE pipe production. These advancements are expected to modify and enhance the HDPE pipe structure, making it superior to conventional PVC pipes. Countries in North America and Asia-Pacific are projected to create lucrative opportunities for the growth of the HDPE pipes market due to heavy investment by market players.
Allied Market Research published a report, titled, HDPE Pipes Market by Type (PE 63, PE 80, and PE 100) and Application (Oil & Gas Pipe, Agricultural Irrigation Pipe, Water Supply Pipe, Sewage System Pipe, and Others): Global Opportunity Analysis and Industry Forecast, 2018-2025. The report offers comprehensive analyses of the top winning strategies, industry dynamics, market size & estimations, key strategic developments, and competitive landscape. As per the report, the global HDPE pipes market generated $17.90 billion in 2017 and is expected to reach $26.51 billion by 2025, growing at a CAGR of 5% from 2018 to 2025.
Increased use of HDPE in irrigation systems in the agricultural industry and rise in urbanization propel the growth of the market. However, fluctuating prices of raw materials, and crude oil would hinder the market growth. On the other hand, innovations and technological advancements in HDPE pipes would create new opportunities for the market players in near future.
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PE 100 segment to garner the highest revenue, PE 63 segment to grow the fastest by 2025
The PE 100 segment contributed more than three-fourth share of the total market revenue in 2017, owing to its increasing usage in the Asia-Pacific region for transporting potable water, chemicals, slurries, wastewater, and hazardous wastes. This segment is expected to remain dominant throughout the forecast period. However, the PE 63 segment would register the fastest CAGR of 5.9% from 2018 to 2025 owing to their growing demand in medium pressure piping and drinking water applications. The PE 80 segment would grow at a steady growth rate during the forecast period.
Sewage and drainage segment to maintain its lead through 2025
Sewage and drainage segment occupied nearly half of the total market share in 2017, owing to the characteristics of HDPE pipes such as high flexibility, excellent chemical resistance, and remarkable impact resistance. This segment is expected to maintain its lead position by 2025. However, water supply application segment would register the highest CAGR of 7% from 2018 to 2025, owing to rise in global population and surge in adoption of HDPE pipes in water supply infrastructure due to their light weight and non-corrosive characteristics. The report also discusses several applications such as oil & gas, agriculture, and others.
Asia-Pacific region to generate highest revenue by 2025
Asia-Pacific contributed nearly half of the total market share in 2017, owing to the growing preference for HDPE pipes in the agricultural and industrial sectors. This region would maintain its dominance throughout the forecast period. However, North America would register the fastest CAGR of 7% from 2018 to 2025, owing to heavy inflow of investments in the polyethylene industry.
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Leading market players
The key market players analyzed in the research include JM Eagle Inc., Lane Enterprises, Inc., WL Plastics, Uponor, Prinsco, Inc., Mexichem S.A.B. de C.V., Poly Plastic Group, Radius System, United Poly Systems, and Blue Diamond Industries, LLC. These players have adopted various strategies including new product launches, expansions, joint ventures, mergers & acquisitions, collaborations, and others to gain a lead position in the industry.
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