HDPE Pipes Market Insights on Market Challenges and New Trends
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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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.
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 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 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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