HDPE Pipes Market Overview
HDPE Pipes Market is projected to be worth USD 28.72 Million by 2030, registering a CAGR of 5.4% during the forecast period (2020–2030).
The HDPE pipe market has grown significantly as a consequence of the rapid expansion of the end-use sectors. Pipes manufactured from HDPE resin are being used to carry petroleum, as well as water and sewage. HDPE pipes are also referred as thermoplastic pipes since they are comprised of polyethylene resin. Such pipes have a number of advantages that make them suitable for usage in various sectors.
Market Segmentation
The worldwide HDPE pipes market has been divided based on type and application. The market has been divided into PE 63, PE 80, and PE 100. The irrigation, Oil & gas, and water & wastewater application segments are further sub-segmented.
The market has been divided into PE 63, PE 80, and PE 100. The PE 63 sector is predicted to increase at the fastest pace throughout the projection period. The PE 63 pipe grade is widely utilized in agriculture and water and sewage systems when variable pressure pipelines are needed. Because of their low weight, adaptability, simplicity of construction, and fusion welding joints that ensure leak-free pipelines, they have become more popular.
Water use is predicted to rise in response to an increasing global population and increased economy. Irrigation, Oil and gas, and water and wastewater are the three main subsectors in this category. There will be the most increase in the water supply and wastewater sector throughout the projection period. Many official and non-government efforts in the realm of legislation and requirements have been made in response to this potential. Water-related infrastructures and services that can meet market expectations are the primary focus of these government entities.
Regional Classification
When it came to HDPE pipes in North America, the United States commanded the most significant proportion of the market. It has been divided into North America, Europe, Asia-Pacific and the rest of the globe. For the foreseeable future, North America will remain to have the most outstanding share of the entire industry. Asian markets are second only to North America in terms of market share. Industrial and agricultural activity, and also fossil fuel extraction, have all increased in the area. Due to this, HDPE pipe demand in Asia-Pacific is predicted to rise throughout the forecast timeframe.
Industry News
Utility businesses may reduce water loss by using this valve’s distinctive pressure regulation feature, which is a significant global problem. A deal between GF Piping Systems, a GF subsidiary, and the Oxford-based Oxford Flow Limited was signed in March 2020. In accordance with the agreement, GF will acquire a 23% minority stake in the company in two phases.
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