The global HDPE pipes market size is expected to reach over US$ 32.5 billion by 2030 at a CAGR of ~6% during the forecast period 2021 to 2030.
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.
Demand for HDPE Pipes to Remain Steady amid COVID-19 Pandemic
The COVID-19 outbreak is expected to have a moderate impact on the overall growth of the global HDPE pipes market during the assessment period. Stringent lockdown measures in various parts of the world, restrictions on cross-border trade and transportation, and economic uncertainty around the world are some of the major factors that are likely to hinder the growth of the market for HDPE pipes during the assessment period. The market is likely to recover toward the third quarter of 2020, as the industrial domain around the world is gradually gaining momentum post the lockdown period.
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.
Based on type, the PE 100 segment dominated the global HDPE pipes market in 2019. PE 100 pipes are easy to install, light, flexible, and corrosion free. They have a service life of up to 100 years. These pipes are primarily used as wastewater or drainage pipes, solids are transported with water. This can result in solids rubbing along the pipe invert. PE100 has the ideal abrasion resistance among the commonly used pressure pipe materials.
Based on application, the sewage/drainage segment accounted for major share of the global HDPE pipes market in 2019. The segment is expected to maintain its dominance during the forecast period, owing to a strong demand for HDPE pipes, led by its properties such as corrosion resistance, flexibility, and high strength.
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.
Global HDPE Pipes Market: Segmentation
HDPE Pipes Market, by Application
HDPE Pipes Market, by Application
HDPE Pipes Market, by Region
Scope of the Report
The latest study collated and published by Vision Research Reports analyzes the historical and present-day scenario of the global HDPE pipes market in order to accurately gauge its future growth. The study presents detailed information about the important growth factors, restraints, and trends that are creating a landscape for the growth of the global HDPE pipes market to identify growth opportunities for market stakeholders. The report also provides insightful information about how the global HDPE pipes market would expand during the forecast period of 2021 to 2030.
The report offers intricate dynamics about different aspects of the global HDPE pipes market, which aids companies operating in the market in making strategic development decisions. VRR’s study also elaborates on significant changes that are highly anticipated to configure the growth of the global HDPE pipes market during the forecast period. It also includes a key indicator assessment that highlights growth prospects of the global HDPE pipes market and estimates statistics related to growth of the market in terms of value (US$ Mn) and volume (million meters).
This study covers a detailed segmentation of the global HDPE pipes market, along with key information and a competitive outlook. The report mentions company profiles of players that are currently dominating the global HDPE pipes market, wherein various developments, expansions, and winning strategies practiced and implemented by leading players have been presented in detail.
Key Questions Answered
The report provides detailed information about the global HDPE pipes market on the basis of a comprehensive research on various factors that are playing a key role in accelerating the growth potential of the global market. Information mentioned in the report answers path-breaking questions for companies that are currently operating in the market and are looking for innovative methods to create a unique benchmark in the global HDPE pipes market, so as to help them design successful strategies and make target-driven decisions.
The research methodology adopted by analysts for compiling the global HDPE pipes market report is based on detailed primary as well as secondary research. With the help of in-depth insights of the market-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts for the global HDPE pipes market.
During the primary research phase, analysts interviewed market stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. Based on data obtained through interviews of genuine resources, analysts have emphasized the changing scenario of the global HDPE pipes market.
For secondary research, analysts scrutinized numerous annual report publications, white papers, market association publications, and company websites to obtain the necessary understanding of the global HDPE pipes market.
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