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Global HDPE Pipes Market: Market Driver and Restraint
High density polyethylene pipes (HDPE) are electrical conduits made from graded raw materials such as PE 63, PE 80, and PE 100. These pipes are one of the most premier mediums of conveying and transporting chemicals, water, and gases. One of the major advantages of utilizing HDPE pipes is that they are 6-8 times lighter than conventional cast iron and galvanized iron pipes. In addition, high density polyethylene pipes are non-corrosive in nature, which makes them suitable for water transportation. The advantageous properties of HDPE pipes make them appropriate for numerous applications including flood irrigation, drip irrigation, portable water supply & distribution, sewage & industrial effluent disposal, air-conditioning & refrigeration ducting, electrical installations, and drainage pipes.
Owing to the increasing application of HDPE pipes in various end use industries, the market for HDPE pipe is expected to witness substantial growth. The growth in demand from water irrigation systems in agricultural industry is expected to drive the growth of the HDPE pipe market. Rapid urbanization is anticipated to increase the demand for water supply, leading to increase in requirement of HDPE pipes. Furthermore, growth in sewage disposal infrastructure fuels the demand for HDPE pipes. However, volatile raw material prices attributed to fluctuation in prices of crude oil is expected to hamper the market growth. Conversely, innovation and technological advancements in PE pipe provide future growth opportunities to the HDPE pipes market.
Global HDPE Pipes Market: Forecast by Type
Based on type, the global HDPE pipes market is divided into PE 63, PE 80, and PE 100. The PE 63 segment is projected to be the most lucrative segment during the forecast owing to increase in use of PE 63 pipe in drinking water applications.
Global HDPE Pipes Market: Forecast by Application
Based on application, the market is classified into oil & gas pipe, agricultural irrigation pipe, water supply pipe, sewage system pipe, and others. And the water supply pipe segment is estimated to grow at the highest CAGR during the forecast period. The growth of the segment is attributed to the rise in demand for water infrastructure owing to growth in population.
Global HDPE Pipes Market: Forecast by Region
Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America HDPE pipes market is anticipated to witness high growth rate during the forecast period owing to growth in use of HDPE pipes in wide range of in industrial sectors ranging from food packaging, cosmetics to technical parts, and pipes for the construction sector.
Global HDPE Pipes Market: Key Players
The key players profiled in the report include JM Eagle Inc., WL Plastics, Lane Enterprises, Inc., Prinsco, Inc., Uponor, Poly plastic group, Mexichem S.A.B. de C.V, United Poly systems, Radius system, and Blue Diamond Industries, LLC. These market players are adopting different strategies such as acquisition, product launch, and merger to stay competitive in the global HDPE pipes market. Other key players include Canada Culvert, Inc. (WGI Westman Group, Inc.), Dura-Line Corp., IPEX Inc., Reliance Industries Limited, and Kanaflex Corporation Co., Ltd.
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