Market Highlights
The global HDPE pipes market is anticipated to witness sustainable growth throughout the forecast period. The increased consumption of HDPE pipes in Asia-Pacific, the growing end-use industries, investment in material R&D, supportive government regulations and initiatives to upgrade, and create water & wastewater infrastructure is expected to drive the demand for HDPE Pipes. This is backed by the various advantages associated with HDPE pipes such as cost-effective, leak-free, corrosion free, and flexibility. However, the fluctuating raw material prices is expected to hinder the growth of the market.
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North America to see gradual growth in the global HDPE pipes market over the forecast period.
On the basis of region, the global HDPE pipes market has been segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). North America dominated the global market, primarily due to the increasing investments in R&D for advanced materials along with increasing pipeline upgrading projects for water infrastructure.
Asia-Pacific is expected to witness the highest growth during the forecast period, where China is accounted for the largest market share in 2017. The reason is attributed to the increasing population and rapid urbanization, which has generated the demand for clean drinking water. Furthermore, the growth of the various industries has also led to the increasing demand for clean water for various industrial applications. This has fueled the demand for HDPE pipes in the region.
Key Players
The prominent players in the HDPE Pipes market are JM Eagle Inc. (US), United Poly Systems (US), Radius system (UK), WL Plastics (US), Dura-Line Corp. (US), Lane Enterprises, Inc. (US), Prinsco, Inc. (US), Polyplastic Group (Russia), Canada Culvert, Inc. (Canada), and IPEX Inc. (US).
Water and wastewater segment to account for the highest growth rate during the forecast period 2018–2023
On the basis of application, the water and wastewater segment is expected to witness maximum growth during the forecast period. The growing population along with the positive economic conditions are expected to create demand for clean water. This has been met with several government and non-government initiatives in terms of policies and regulations. The focus of such government bodies is improving the investments in water-related infrastructure and services to cater to future demand. Furthermore, the properties of HDPE purposes such as corrosion resistant and leak-free make it a preferred choice of materials used in the pipeline systems for water infrastructure.
Global HDPE Pipes Market, 2016–2023 (USD Million)
Source: MRFR Analysis
Scope of the Report
This study provides an overview of the global HDPE pipes market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific and the rest of the world (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global HDPE pipes market by material, by product, by end-user, and by region.
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By Type
- PE 63
- PE 80
- PE 100
By Application
- Oil & Gas
- Irrigation
- Water and Wastewater
- Others
By Region
- North America
- Asia-Pacific
- Europe
- Rest of the World
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