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Hdpe pipes Market accounting a higher growth

The global HDPE pipes market was valued at $17,907 million in 2017 and is projected to reach $26,518 million by 2025, growing at a CAGR of 5% from 2018 to 2025.

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Hdpe pipes Market accounting a higher growth

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  1. Rise in increase in application of HDPE pipes in various end-user industries and surge in urbanization have boosted the growth of the global HDPE pipes market. However, volatile oil prices hamper market growth. On the contrary, rapid innovation and development in PE industries are expected to create lucrative opportunities in the near future. The global HDPE pipes market was pegged at $17.91 billion in 2017 and is expected to reach $26.52 billion by 2025, registering a CAGR of 5% during the period from 2018 to 2025. Get Sample Report

  2. The report splits the market into type, application, and geography. On the basis of type, the report is divided into PE 63, PE 80, and PE 100. The PE 100 segment dominated the market in 2017, contributing more than three-fourths of the total market. However, the PE 63 segment is projected to manifest the fastest CAGR of 5.9% during the forecast period.

  3. Based on application, the market is segmented into oil & gas pipe, agricultural irrigation pipe, water supply pipe, sewage system pipe, and others. The water supply pipe segment is projected to manifest the fastest CAGR of 7% during the study period. On the basis of geography, the market is bifurcated into North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific region held the largest share in 2017, contributing nearly half of the market share. However, the North America region is expected to portray the fastest CAGR of 7% during the forecast period.

  4. Key Finding of the HDPE Pipes Market : • The PE 100 segment nearly occupied three-fourth share of the global HDPE pipes market in 2017. • The PE 63 segment is projected to grow at the highest CAGR during the forecast period. • The water supply pipe application nearly occupied one-seventh share in 2017. • North America accounted for one-fifth share of the global market in 2017.

  5. The report includes an analysis of the major market players including JM Eagle Inc., Lane Enterprises, Inc., Uponor, Mexichem S.A.B. de C.V, Radius system, WL Plastics, Prinsco, Inc., POLYPLASTIC Group Ltd, United Poly systems, and Blue Diamond Industries, LLC.

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