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The high density polyethylene (HDPE) pipe market size is estimated to grow at a CAGR of 5.8% between 2022 and 2027. The market size is forecast to increase by USD 6,289.46 million. The growth of the market depends on several factors such as the increasing demand for water supply, improvement in the performance of HDPE pipes, and the rise in the use of HDPE pipes in oil and gas industry.
This HDPE pipe market report extensively covers market segmentation by application (water supply, agricultural irrigation, sewage system, oil and gas, and others), type (PE 100, PE 80, and PE 63), and geography (APAC, North America, Europe, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
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.
Furthermore, 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 HDPE pipe market during the forecast period.
The increased use of HDPE pipes 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.
Furthermore, in current landfills, the design of the leachate supply system is given preference, and in this, the conclusion of the structural stability of HDPE 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 of HDPE pipes to withstand high pressures, is increasing the demand for HDPE pipes in landfill applications thus driving the growth of the market during the forecast period.
Fluctuating prices of raw materials used in manufacturing HDPE pipes 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. HDPE pipes 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, including HDPE. 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 research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global HDPE Pipe Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
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.
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 HDPE 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 was the largest segment and was valued at USD 7,097.40 million in 2017. In the HDPE pipe 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 49% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. HDPE pipes are used extensively in both domestic and industrial applications. The use of these pipes in the irrigation sector is boosting the growth of the HDPE pipe 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 HDPE pipe 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.
The COVID-19 pandemic negatively affected the regional high density polyethylene (HDPE) pipe market in 2020. However, in 2021, the initiation of large-scale vaccination drives?lifted the lockdown and travel restrictions, which led to the resumption of offshore oil drilling projects undertaken in 2021 and 2022. For example, in August 2021, CNOOC announced the commencement of its Luda 6-2 oil field project, which is calculated to cost nearly USD 170 million. Therefore, the deployment of HDPE pipes in such projects is anticipated to propel the growth of the regional high density polyethylene pipe market during the forecast period.
The HDPE pipe market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
HDPE Pipe Market Scope |
|
Report Coverage |
Details |
Page number |
175 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.8% |
Market growth 2023-2027 |
USD 6,289.46 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
5.4 |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 49% |
Key countries |
US, China, 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 Poly Technik Ltd., Atkore Inc., Genuit Group Plc, Georg Fischer Ltd., Hexatronic Group AB, JM Eagle Inc, Lane Enterprises Inc., LyondellBasell Industries Holdings B.V., Orbia Advance Corp. SAB de CV, POLYPLASTIC Group, Prinsco Inc., PTT Public Co. Ltd., Qenos Pty Ltd., Unidelta Spa, Uponor Corp., Wavin BV, Chevron Corp., and Formosa Plastics Corp. |
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, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
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 Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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