HDPE Pipes Market is anticipated to grow at a CAGR of 4.75% from 2019 to 2030.
Market Industry Reports (MIR) has published a new report titled “HDPE Pipes - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global HDPE pipes market was estimated to account for over US$ 19.0 billion by 2019. The market is anticipated to grow at a CAGR of 4.75% from 2019 to 2030.
The global HDPE pipes market will witness healthy growth in the coming years owing to several factors such as increasing applications of HDPE pipes in various end-use industries, cost-effectiveness when compared with CI & GI pipes and growing urbanization at global level. Urbanization and industrialization are expected to propel the demand for HDPE pipes in water & fluid supply, drainage & sewage systems, electrical & communications conduit, and other applications.
Advantages of HDPE pipes over GI & CI pipes and its chemically inert properties make the pipes suitable for many end-use industries. Wider product range in terms of grade, length, and diameter of the pipes also contributes significantly to market growth globally. The availability of pipes in different lengths and diameters assists in minimizing the number of joints and simplifies installations of such pipes.
However, fluctuations in petroleum & oil prices, stringent regulations related to the manufacture of plastic pipes and high flammability of HDPE may hinder market growth globally. Furthermore, high thermal expansion property of HDPE coupled with its high flammability renders these pipes unsafe for use in various industrial applications.
Browse key industry insights spread across 175 pages with market data tables & figures & charts from the report, HDPE Pipes Market by Type (PE 63, PE 80, and PE100), Application (Agricultural Irrigation, Oil & Gas, Water Supply, and Drainage & Sewage)-Analysis & Forecast 2019-2030 in detail along with the table of contents:https://www.marketindustryreports.com/HDPE-pipes-market/203
Asia Pacific region is anticipated to hold the largest market share and is expected to grow at the highest CAGR followed by North America. The growth of the Asia Pacific HDPE pipes market can be attributed to factors such as rapid urbanization and growing industrialization. Furthermore, the rising demand from agricultural applications is another factor contributing towards the market growth.
Some of the prominent players in the HDPE pipes market include Dow, Prinsco, Inc., JM EAGLE, INC, Orbia, Radius Systems Ltd, Reliance Industries Limited, Dynaflex Pipe Technologies, BLUE DIAMOND INDUSTRIES, LLC., Kanaflex Corporation Co., ltd., and United Poly Systems, among others.
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