Global Polyethylene Pipes Market is expected to reach 534.02 Thousand Tons by 2025 from 381.88 Thousand Tons in 2017, at a CAGR of 4.8% in the forecast period 2020 to 2025. The major factors driving the growth of this market are the polyethylene pipes are ongoing construction and rehabilitation of old or obsolete municipal pipe systems and easy installation, flexible, resistant and low cost and over traditional materials. On the other hand, strict laws imposed on usage of polyethylene pipes may hinder the growth of the market.
Key Players: Global Polyethylene Pipes Market
DOWDUPONT is going to dominate the polyethylene pipes market following with Exxon Mobil Corporation, SABIC and LyondellBasell Industries Holdings B.V. along with others such as ISCO Industries, TPL Plastech Limited, Advanced Drainage Systems, Inc., Dura-Line Corporation, Falcon Pipes Pvt. Ltd., Akzo Nobel N.V., Borealis AG, P.E.S. Co., COMAP group, SILON s.r.o., ARKEMA S.A among others.
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Market Segmentation: Global Polyethylene Pipes Market
The global polyethylene pipes market is segmented based on type into four notable segments; high density polyethylene (HDPE), low density polyethylene (LDPE), linear low density polyethylene (LLDPE), and cross link polyethylene (PEX/XLPE). The Polyethylene pipes market is dominated by HDPE with 62.1% market share in 2017, growing at the highest CAGR of 5.2% in the forecast period.
The global polyethylene pipes market is segmented based on application into five notable segments; underwater and municipal, gas extraction, construction, industrial, agriculture and others.
Market Drivers: Global Polyethylene Pipes Market
· Some of the major factors driving the market for global polyethylene pipes ongoing construction and rehabilitation of old or obsolete municipal pipe systems and easy installation, flexible, resistant and low cost and over traditional materials.
· Huge investment towards the PE pipe due to its high manufacturing cost and higher final prices strict laws imposed on usage of polyethylene pipes are the factor which may hinder the growth of this market.
· Increase in industrial production as well as rapid urbanization will drive the market in future.
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· The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
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Key insights in the report:
· Complete and distinct analysis of the market drivers and restraints
· Key Market players involved in this industry
· Detailed analysis of the Market Segmentation
· Competitive analysis of the key players involved
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