Authored By: Sarah
11 Jul 2024

 HDPE Pipes Market Size to grow by USD 6130.2 million between 2024-2028

According to a research report “ HDPE Pipes Market” by Application (Water supply, Agricultural irrigation, Sewage system, Oil and gas, Others) Type (PE 100, PE 80, PE 63) Geography (APAC, North America, Europe, Middle East and Africa, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 6130.2 million, at a CAGR of  5.4% during the forecast period. The global water demand is experiencing a substantial increase due to population growth, industrial activities, and altered water consumption patterns, as indicated in the United Nations World Water Development Report (2021). Over the past century, global freshwater use has expanded six-fold, with an annual growth rate of approximately 1% since the 1980s. The industrial and domestic sectors are projected to witness faster growth in water demand compared to agriculture. Simultaneously, construction activities, including commercial and residential projects, are expanding globally, further fueling the need for water infrastructure solutions like HDPE pipes.

Browse market data tables, figures, and in-depth TOC on “HDPE Pipes Market” by Application (Water supply, Agricultural irrigation, Sewage system, Oil and gas, Others) Type (PE 100, PE 80, PE 63) Geography (APAC, North America, Europe, Middle East and Africa, South America) Global Forecast to 2028. Download Free Sample

 

By Application, the Water supply segment is projected to dominate the market size in 2024

In the global HDPE pipe market, the demand for PE 100 pipes, a high-performance variant of HDPE, has experienced substantial growth over the past five years. This trend is projected to continue positively in the HDPE pipes sector, with PE 100 expected to generate substantial revenue during the forecast period. PE 100 pipes offer superior qualities, including high strength, durability, and chemical resistance, making them an optimal choice for applications in the water supply, gas distribution, and agricultural irrigation industries. The increasing demand for robust and long-lasting piping systems in various locations is fueling the market growth for PE 100 pipes.

By Type, PE 100  segment is expected to hold the largest market size for the year 2024

In the context of global water supply, the demand for this vital resource is experiencing a consistent annual growth rate of approximately 1%, driven by population expansion and shifting water consumption trends across various economic sectors. This increasing demand is most notably observed in industries, energy production, domestic usage, and infrastructure development. Notably, agricultural irrigation accounts for a substantial share of global water consumption, with estimates suggesting that it consumes between 65% and 70%. Water treatment facilities and pumping-based transmission and distribution systems are integral components of modern water supply systems, catering to the diverse water needs of these sectors.

APAC is forecasted to hold the largest market size by region in 2024

The HDPE (High-Density Polyethylene) pipe market represents a significant business opportunity due to its growing demand in various end-use industries. Key factors driving this growth include its durability, chemical resistance, and cost-effectiveness. HDPE pipes are extensively used in water and wastewater applications, oil and gas industries, and chemical processing. Market trends indicate continued investment in infrastructure development and increasing focus on sustainable solutions, further boosting demand for HDPE pipes.

The HDPE Pipes Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • 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.
  • Wavin BV
.

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Research Analysis Overview

The HDPE pipes market has experienced significant growth in recent years due to their numerous applications in various industries, including automotive and agriculture. In the automotive sector, HDPE pipes are increasingly being used as an eco-friendly alternative to metal pipes for fuel tanks, interior parts, and automotive components. These pipes offer several advantages, such as fuel efficiency, reduced vehicle weight, and compliance with emission regulations. In agriculture, HDPE pipes are used for irrigation systems in farmlands, reducing plastic pollution by replacing traditional drip irrigation systems. The pipes' flexibility, reliability, and resistance to weathering, abrasion, and chemical corrosion make them ideal for transporting water and other liquids. Moreover, HDPE pipes are used in petroleum distribution and natural gas transportation, providing a cost-effective and efficient solution for transporting fuels over long distances. The pipes' joints and fittings ensure a secure connection, reducing the risk of leaks and ensuring the safety of the transported materials. HDPE pipes are also used in the transportation of pesticides, ensuring the safety and effectiveness of these chemicals in crop production. The pipes' resistance to chemical corrosion makes them an ideal choice for this application. HDPE pipes are made from high-density polyethylene, a thermoplastic polymer, which offers excellent durability and flexibility. The pipes' ability to withstand shifting soil during installation and the ease of installation make them a popular choice for various applications. Overall, the HDPE pipes market is expected to continue growing due to their numerous benefits and versatility.

Market Research Overview

The HDPE pipes market is experiencing significant growth due to the increasing demand for eco-friendly practices in various industries. Companies like Jet Polymer Recycling are leading the way by utilizing recycled materials to produce HDPE pipes, reducing the carbon footprint and promoting environmental awareness. HDPE pipes offer temperature tolerance, resistance to abrasion, and chemicals, making them ideal for use in gas distribution networks, sewage systems, luxury apartments, construction, and plumbing systems. In the oil and gas industry, HDPE pipes are used for water source piping systems, agricultural irrigation pipes, and even in refineries and processing plants. The mining sector also benefits from HDPE's durability and resistance to corrosion, making it a reliable solution for mining exploration and extraction activities. HDPE pipes are also used in modern farming practices for water distribution, reducing water wastage and addressing water scarcity. In the automotive industry, HDPE's lightweight properties and resistance to chemicals make it a popular choice for fuel tanks, fuel efficiency, and automotive components such as bumpers and fittings. HDPE pipes are flexible and can withstand both external and internal pressure, making them suitable for use in challenging environments. Their high strength and corrosion resistance make them a durable piping solution for water supply systems, transportation networks, and even in harsh weathering conditions. With the increasing focus on reducing plastic pollution, HDPE's recyclability is a significant advantage, making it a preferred choice over metal pipes for various applications.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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