PUBLISHER: Allied Market Research | PRODUCT CODE: 1344286
PUBLISHER: Allied Market Research | PRODUCT CODE: 1344286
According to a new report published by Allied Market Research, titled, "HDPE Pipes Market," The hdpe pipes market was valued at $21.7 billion in 2022, and is estimated to reach $35.4 billion by 2032, growing at a CAGR of 5.1% from 2023 to 2032.
Surge in population, rapid economic growth, and industrial development drive the need for reliable water supply systems. Industries require a consistent water supply for manufacturing processes, cooling systems, and sanitation purposes. As economies develop, there is a greater emphasis on improving infrastructure, including water supply systems, to support industrial growth. HDPE pipes are widely used for water distribution systems, both for potable water and irrigation purposes. Their durability, resistance to corrosion, and ability to withstand high pressure make them ideal for delivering water to residential, commercial, and agricultural areas. In addition, HDPE pipes are used for sewer and wastewater collection and transportation. They can handle the corrosive nature of sewage and are resistant to chemicals and abrasion. The smooth inner surface of HDPE pipes prevents the buildup of debris and ensures efficient flow. These factors together act as one of the key drivers responsible for the growth of the HDPE pipes market during the forecast period.
HDPE pipes have a relatively low resistance to elevated temperatures. Continuous exposure to temperatures above the recommended limit can cause deformation and potential failure of the pipes. Therefore, HDPE pipes may not be suitable for applications where they can be exposed to extremely elevated temperatures or hot substances. Furthermore, HDPE pipes require specific installation techniques, such as proper fusion or mechanical joining methods. Improper installation, inadequate fusion, or faulty joints can lead to leaks, reduced performance, and premature failure of the pipes. It is crucial to follow the manufacturer's guidelines and employ skilled professionals for the installation process. These factors restrain the growth of HDPE pipes in the market.
The global infrastructure sector has witnessed significant growth, including the construction of water supply systems, wastewater management facilities, irrigation networks, and it is expected to grow faster. For instance, according to an article published by India Brand Equity Foundation in January 2023, the infrastructure sector in India is poised to grow at a CAGR of 8.2% by 2027 where HDPE pipes finds wide range of applications. Their durability, flexibility, and chemical resistance make them best suited for infrastructure projects due to which several key manufactures have increased their production capacity of HDPE pipes. The increase in demand for reliable and sustainable infrastructure presents a substantial opportunity for the HDPE pipes market. This factor is expected to boost the demand for HDPE pipes in the food and beverages industry; thus, offering new avenues for the market growth.
The HDPE pipes market is segmented by type, application, and region. By type, it is categorized into HDPE 63, HDPE 88, and HDPE 100. By application, it is segregated oil & gas pipe, agricultural irrigation pipe, water supply pipe, sewage system pipe, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the key areas of investment. In addition, it includes Porter's five forces analysis to understand the competitive scenario of the industry and role of each stakeholder. The report features strategies adopted by key market players to maintain their hold in the market. Furthermore, it highlights the competitive landscape of key players to increase their market share and sustain intense competition in the industry.
The report covers the strategies adopted by key players in the market to sustain the competitive environment and increase their market share. The key players operating in the global HDPE pipes market are Lane Enterprises, Inc, JM EAGLE, INC, BLUE DIAMOND INDUSTRIES, LLC, Mexichem S.A.B. de C.V, WL Plastics, POLY PLASTIC Group, Prinsco, Inc, United Poly Systems, RADIUS System. In addition, the market drivers, restraints, and opportunities are explained in the report.