HDPE Pipes Market: Introduction
Transparency Market Research delivers key insights on the global HDPE pipes market. In terms of revenue, the global HDPE pipes market is estimated to expand at a CAGR of ~6% during the forecast period, owing to numerous factors regarding which, TMR offers thorough insights and forecasts in its report on the global HDPE pipes market.
The global HDPE pipes market is broadly affected by several factors, including usage of HDPE pipes in the sewage & drainage systems and water supply lines. Thus, increase in applications of HDPE pipes in various application sectors is propelling the global HDPE pipes market.
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HDPE Pipes Market: Dynamics
HDPE pipes are extensively used in the sewage and drainage systems. The increase in public and private investment in construction and infrastructure sectors is expected to drive the demand for HDPE pipes in various water supply and drainage applications in the near future. The rise in usage of HDPE pipes in water and wastewater treatment industries is also anticipated to offer lucrative opportunities for the HDPE pipes market in the near future.
HDPE pipes are highly moldable and sustain high-pressure water flows. They are used to house underground water systems; plumbing, drainage, and sewage infrastructure; and farm irrigation systems.
Low cost and easy installation of HDPE pipes are major factors driving the demand for HDPE pipes in residential, commercial, and agriculture sectors for water distribution. The demand for HDPE pipes has been increasing significantly since the past few years, owing to the replacement of traditional metal pipes with HDPE pipes.
The suitability of HDPE pipes for industrial applications is estimated to propel the demand for these pipes in oil & gas distribution. HDPE pipes are extensively employed in new medium- and low-pressure oil & natural gas distribution systems and to repair older steel and cast iron systems.
Technological advancements have led to the development of plastics as substitutes for copper and other metals in certain applications. HDPE pipes are used as substitutes for aluminum and copper pipes in various applications such as agriculture, freshwater supply, drainage, and sewer. However, volatility in prices of polymers creates fluctuations in the demand for HDPE pipes.
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HDPE Pipes Market: Prominent Regions
The HDPE pipes market in Asia Pacific is expected to be expand at a significant pace during the forecast period, owing to the expansion of construction and oil & gas industries in countries of Asia Pacific such as China, India, Japan, and Malaysia. The HDPE pipes market in North America is projected to expand considerably during the forecast period, owing to the presence of numerous market players and the rise in the demand for HDPE pipes in the industrial sector in the region. The HDPE pipes market in Europe is also likely to expand during the forecast period, led by the rise in repair and replacement of old drainage systems with HDPE pipes in the region.
HDPE Pipes Market: Key Players
The global HDPE pipes market is fragmented with the presence of large numbers of players. Key players operating in the global HDPE pipes market are Dow Chemical Company, Advanced Drainage Systems, Inc., Apollo Pipes, Supreme Pipes, Watts Water Technologies, Inc., Uponor Oyj, and WL Plastics.
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Global HDPE Pipes Market: Segmentation
HDPE Pipes Market, by Application
- PE 80
- Natural Grade
- Black Grade
- PE 100
- Natural Grade
- Black Grade
- Others (including PE 63 and PE 32)
HDPE Pipes Market, by Application
- Agriculture
- Water Network
- Oil & Gas Pipeline
- Sewage/Drainage
- Ducting
- Chemicals Processing
- Others (including Mining and Paper & Pulp)
HDPE Pipes Market, by Region
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Russia & CIS
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- ASEAN
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
The sustainability aspects have dramatically changes the raw material sourcing strategies for many businesses in the HDPE Pipes market. Players have become more responsible toward reducing or managing the waste, are adopting material informatics equipped with artificial intelligence (AI), and adopting energy-efficient production processes in order to maximize returns on invested capital.
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