The latest research report by QY Research discusses the future of the high density polyethylene (HDPE) pipes market in the United States. The research report, titled “United States HDPE Pipes Market Report 2019”, explains the drivers and restraints impacting the overall market. It highlights the necessity of HDPE pipes in transporting water and chemicals at a lower cost, which will add to its revenue earnings.
According to the research report, the United States HDPE pipes market is expected to be worth US$6900 mn by the end of 2025 from US$5446 mn in 2018. The market is expected to register a CAGR of 3.44% between 2018 and 2025.
United States HDPE Pipes Market: Drivers and Opportunities
The United States HDPE market has been growing substantially over the past few years. These pipes act as electrical conduits, transporting gases, water, chemicals over large distances. They are primarily made from PE 100, PE 80, and PE 63, which makes them lighter than conventional piping options that are made from cast iron. HDPE pipes are used in a wide range of applications as they are non-corrosive in nature, which reduces the overall maintenance cost. For this reason alone, the demand for HDPE pipe in the United States is expected to remain high. In the coming years, HDPE pipes will be used for improving drip irrigation, flood irrigation, disposal of sewage and industrial effluents, portable water supply and distribution, electrical installation, drainage pipes, and air-conditioning and refrigeration ducting.
The rise of the urban population and the subsequent rise of construction for housing purposes are expected to offer many lucrative opportunities to the United States HDPE market. Upgradation in sewage disposable systems and improving infrastructure across urban spaces is also projected to have a positive impact on the overall market of HDPE pipes in the United States.
United States HDPE Pipes Market: Segmentation
On the basis of type, the United States HDPE pipes market is segmented into PE 80, PE 100, and others. These pipes are used for applications such as sewage systems, oil and gas, water supply, agriculture, and others. The non-corrosive nature of these pipes makes them ideal for water-related application. Thus, usage of these pipes of supply water in urban areas and appropriate disposable of sewage are expected to remain leading segments.
United States HDPE Pipes Market: Key Players
The key players operating in the United States HDPE market are WL Plastics, Prinsco, Flying W Plastics, Blue Diamond Industries, United Poly Systems, and National Pipe & Plastics. Companies are expected to invest in research and development for material innovation to stay ahead of the competition. For instance, Prinsco’s GOLDFLEX is the perfect combination of modern technology with conventional setups. This flexible dual-wall pipe was developed as a response to the consumer need for flexibility and efficiency. Investments in the development of smarter materials for better end results will be the key strategies of these companies.
Full Report Overview@ https://www.qyresearch.com/index/detail/1166881/united-states-hdpe-pipes-market