March 19, 2021
According to the recent research report titled ‘Global HDPE Pipes Market (Value, Volume): Analysis By Grade Type, Application, Diameter, By Region, By Country: Market Insights and Outlook Post Covid-19 Pandemic (2020-2025)’, available with Market Study Report, global HDPE pipes market was worth USD 17,317.50 million in 2019 and is projected to record a considerable growth during 2020-2025.
Rising sewage disposal infrastructural development and soaring demand for water irrigation systems in agriculture sector are driving global HDPE pipes market growth.
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HDPE pipes and tubes are commonly used to transport gases and liquids. Plastic is favored over metal owing to the inherent advantages. These pipes are lightweight, do not need an open flame to join, making installation easier, and no breakage due to freezing.
Speaking of recent developments, majority of projects in China, Germany, the United States, and South Korea have been postponed, and businesses are experiencing short-term operational lags as a result of supply chain constraints and site access restrictions caused by the COVID-19 outbreak, which in turn is stagnating the growth of worldwide HDPE pipes market.
As per grade type, the marketplace is classified into PE100, PE80, PE63, and others. While various application areas include portable water, irrigation, oil & gas, and wastewater among others. And the pipes are available in large diameter and small diameter variants.
Regionally, Asia Pacific HDPE pipes industry is expected to record an 8.29% CAGR through 2025, attributable to rapid urbanization, continuous industrial and residential construction, and infrastructure development in the region. In addition, demand for oil and gas exploration and production is expected to drive market growth.
Leading organizations impacting global HDPE pipes market trends are Orbia Advance Corporation, Nexam Chemical Holding AB, Advanced Drainage Systems Inc., Chevron Phillips Chemical Company LLC, Lane Enterprises Inc., WL Plastics Corporation, United Poly Systems LLC, Blue Diamond Industries LLC, JM Eagle, and China Lesso Group Holdings Ltd.