According to the latest report by IMARC Group, titled “HDPE Pipes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the global HDPE pipes market trends. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global HDPE pipes market size reached US$ 19.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 32.2 Billion by 2028, exhibiting a growth rate (CAGR) of 4.9% during 2023-2028.
High-density polyethylene or HDPE pipes represent flexible plastic pipes that are manufactured by the polymerization of ethylene with several additives, such as fillers, plasticizers, softeners, lubricants, colorants, stabilizers, flame retardants, blowing and crosslinking agents, ultraviolet degradable additives, etc. They are easy to install and transport. In addition to this, these pipes can withstand extreme weather and ultraviolet (UV) radiation while providing abrasion, chemical, and corrosion resistance. They are highly durable and lightweight. HDPE pipes are extensively utilized to carry hazardous wastes, potable water, gases, slurry, firewater, and stormwater. As such, they also find wide-ranging applications in various industries, including construction, oil and gas, agriculture, power plant, glass, plastic, telecommunications, etc., across the globe.
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Market Trends & Growth
The development of sewage disposal infrastructures to remove decomposable matter and solid, liquid, or gaseous waste is primarily driving the HDPE pipes market. Additionally, the inflating need for repairing and replacing existing pipes is further catalyzing the market growth. Besides this, the widespread adoption of HDPE pipes in the agriculture industry for flow line irrigation, drip irrigation, and pesticide spraying system is acting as another significant growth-inducing factor.
Moreover, the growing popularity of these pipes for transporting effluents, acids, alkalis, and slurry, as they are corrosion and abrasion-resistant, is positively influencing the global market. Apart from this, they are also utilized to protect optic fibers and cables, which is also propelling the market growth. Furthermore, the introduction of product variants with freeze-break resistance properties for the safety of potable water is anticipated to fuel the HDPE pipes market over the forecasted period.
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
AAR Corp., Circor Aerospace Inc. (Circor International Inc.), Collins Aerospace (Raytheon Technologies Corporation), Héroux-Devtek Inc., Honeywell International Inc., Liebherr Group, Magellan Aerospace Corporation, Mecaer Aviation Group, Revima Group, Safran S.A., Sumitomo Precision Products Co. Ltd. and Triumph Group Inc.
Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Type:
- PE 63
- PE 80
- PE 100
Breakup by Application:
- Oil and Gas Pipe
- Agricultural Irrigation Pipe
- Water Supply Pipe
- Sewage System Pipe
- Others
Regional Insights:
- Asia Pacific
- North America
- Europe
- Middle East and Africa
- Latin America
On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment of international companies in the region, on account of low manufacturing costs and cheap labor.
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