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The high density polyethylene (HDPE) pipe market size is forecast to increase by USD 6.73 billion, at a CAGR of 5.9% between 2023 and 2028. The demand for water supply is on the rise, driving the market for HDPE pipes as they offer improved performance. Additionally, the oil and gas industry is increasingly adopting HDPE pipes, boosting market growth. However, the presence of substitutes poses a significant challenge. Moreover, fluctuating prices of raw materials used in HDPE pipe manufacturing impact market dynamics. Furthermore, stringent government regulations concerning the applications of HDPE pipes present obstacles to growth. Despite these challenges, the versatility and durability of HDPE pipes continue to drive their adoption across various sectors. As industries seek reliable and efficient piping solutions, HDPE stand out for their resilience and cost-effectiveness. With ongoing technological advancements and a focus on sustainability, the HDPE pipe market is poised for continued expansion, meeting the evolving needs of infrastructure development worldwide. Our market growth analysis report examines historical data from 2018 - 2022, besides analyzing the current market scenario.
The market research and growth report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD Million" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The water supply segment is estimated to witness significant growth during the forecast period. Increasing demand for water due to population growth and changing water consumption patterns is increasing water supplies worldwide. A wide range of pipes, such as PE80, PE100, and PE100-RC, are used to build water supply systems to meet the needs of better water supply mechanisms, storage facilities, and water distribution systems.
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The water supply segment accounted for USD 7.42 billion in 2018 and shows a gradual increase during the forecast period. In the market, special properties of pipes include resistance to high-pressure points, resistance to crack propagation, rapid expansion or contraction due to temperature fluctuations, ease of transportation, ease of handling and assembly, and standardized manufacturing. These properties make these pipes ideal for water supply systems. Rising global infrastructure development due to increasing urbanization and increasing water demand is expected to boost the growth of the high density polyethylene pipe market during the forecast period.
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APAC is estimated to contribute 50% to the growth of the global market during the projection period.
Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the projection period. The use of these pipes in the irrigation sector is boosting the growth of the market in APAC owing to the increase in agricultural activities in the region. China and India are the leading marketers in the APAC region. In addition, other than China and India, Australia, Indonesia, and Malaysia are expected to contribute to the growth of the regional market due to the growth in agricultural and mining industries in the countries. Therefore, the high density polyethylene pipe market is anticipated to grow significantly in the APAC region during the forecast period
Companies are implementing various market growth and forecasting strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches, to enhance their presence in the market.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
APL Apollo TUBES Ltd., Astral Ltd., Atkore Inc., Chevron Corp., Formosa Plastics Corp., Genuit Group Plc, Georg Fischer Ltd., Hexatronic Group AB, JM Eagle Inc, Lane Enterprises Inc., LyondellBasell Industries N.V., Orbia Advance Corp. S.A.B. de C.V., POLYPLASTIC Group, Prinsco Inc., PTT Public Co. Ltd., Qenos Pty Ltd., Unidelta Spa, Uponor Corp., and Wavin BV
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
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High-density polyethylene (HDPE) plays a crucial role in various industries due to its exceptional properties. In agriculture, HDPE is utilized in pesticide storage and distribution systems, ensuring the safe and efficient application of pesticides to crops. Automakers also rely on HDPE for automotive components such as bumpers, fuel tanks, and interior parts, benefiting from its durability and lightweight nature, which helps meet emission regulations and enhance fuel efficiency by reducing vehicle weight. Additionally, HDPE is widely used in infrastructure development for water supply systems, thanks to its resistance to chemical corrosion, abrasion, and weathering, ensuring reliability and longevity even in shifting soil conditions. Its flexibility facilitates easy installation with fittings and joints, making it ideal for transportation networks and natural gas or petroleum distribution pipelines. Overall, it contributes significantly to sustainable development while mitigating plastic pollution concerns.
Increasing demand for water supply is the key factor driving the growth of the market. The global demand for water is increasing notably due to the growing population and industrial activities, changes in water consumption patterns, and economic development. The demand for water from the industrial and domestic sectors is expected to grow much faster than the agricultural sector.
Likewise, the concerns related to providing an efficient water supply are rising with the growing scarcity of water across the globe. Nowadays, HDPE pipes are mainly used in water supply owing to their special features, such as high potency, high flow efficiency, and easy structure. Hence, the rising demand for global water supply will drive the growth of the global pipe market during the forecast period.
The increased use in landfill applications is the primary trend shaping the growth of the market. Nowadays, different solid wastes are left in landfill sites, and this is a danger to the environment. Consequently, landfill sites are being specially planned to underrate the impact of solid waste on the environment. Favorably engineering linear containment systems are used in modern landfill sites. These systems use HDPE pipes due to their chemical compatibility.
Similarly, in current landfills, the design of the leachate supply system is given preference, and in this, the conclusion of the structural stability of the leachate collection pipes is given key priority. The rise in the volume of landfill sites and improvements in their engineering capabilities, as well as the capability to withstand high pressures, is increasing the demand for these pipes in landfill applications thus driving the growth of the market during the forecast period.
Fluctuating prices of raw materials used in manufacturing is a challenge that affects the growth of the market. HDPE is one of the most durable thermoplastics and is used to make materials such as pipes, bottles, furniture, and auto parts. They are made from PE material that is made by polymerizing ethylene derived from petroleum. PE is produced using a catalytic cracking process that exposes petroleum to high heat to produce ethylene gas.
Furthermore, oil demand from China and other emerging countries has decreased, creating a large imbalance in the supply and demand of crude oil. Therefore, the imbalance in demand and supply not only affected crude oil prices but also had a significant impact on the prices of all products derived from crude oil or natural gas. Therefore, fluctuations in raw material prices are expected to pose challenges that may impede the growth of the market during the forecast period.
The market is witnessing significant growth due to its versatility and durability across various industries. Thermoplastic polymer HDPE offers exceptional resistance to chemical corrosion, abrasion, and weathering, ensuring reliability in diverse environments. Its flexibility and ease of installation make it ideal for applications in shifting soil conditions, fittings, and joints. HDPE pipes are extensively used in petroleum distribution, metal pipes, farmlands, and crop irrigation, offering corrosion resistance and high strength. In automotive sectors, HDPE pipes find application in bumpers, fuel tanks, and interior parts, meeting emission regulations while reducing vehicle weight for enhanced fuel efficiency. Moreover, HDPE pipes contribute to water conservation initiatives, with their recyclability and suitability for potable water and wastewater systems, aligning with responsible water management practices. With its lightweight properties and resistance to corrosion, HDPE is paving the way for durable piping solutions in mining, refineries, processing plants, and modern farming practices, ensuring sustainable infrastructure development and environmental awareness.
Moreover, the market is a cornerstone of modern infrastructure, catering to diverse sectors with its versatility and eco-friendly attributes. They find application in agricultural irrigation, addressing water scarcity concerns and reducing water wastage through efficient water distribution to crops. In urban development initiatives, HDPE pipes support transportation networks and sewage systems, minimizing plastic pollution and ensuring a reliable water supply. Their flexibility and resistance to chemicals make them ideal for mining activities, where they are used in piping systems for various extraction and exploration activities. Furthermore, they play a crucial role in automotive components, contributing to lightweight and fuel-efficient vehicles. With their durability, they are integral to construction projects, including luxury apartments, and infrastructure improvements, while their recyclability and resistance to abrasion align with eco-friendly practices, reducing the carbon footprint and promoting sustainable development.
Market Scope |
|
Report Coverage |
Details |
Page number |
182 |
Base year |
2023 |
Historic period |
{{historic_period}} |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.9% |
Market growth 2024-2028 |
USD 6.73 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
5.5 |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 50% |
Key countries |
China, US, India, Germany, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Advanced Drainage Systems Inc., APL Apollo TUBES Ltd., Astral Ltd., Atkore Inc., Chevron Corp., Formosa Plastics Corp., Genuit Group Plc, Georg Fischer Ltd., Hexatronic Group AB, JM Eagle Inc, Lane Enterprises Inc., LyondellBasell Industries N.V., Orbia Advance Corp. S.A.B. de C.V., POLYPLASTIC Group, Prinsco Inc., PTT Public Co. Ltd., Qenos Pty Ltd., Unidelta Spa, Uponor Corp., and Wavin BV |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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