Polyethylene, a thermoplastic material, is manufactured through the polymerization of ethylene. Polyethylene pipes are created through extrusion and are available in a wide range of sizes, from ½" to 63". They come in rolled coils of various lengths and straight lengths up to 40 feet. Larger diameters are typically found in straight lengths, while smaller diameters are coiled. Polyethylene pipes are offered in different wall thicknesses to suit varying application requirements.
According to Data Bridge Market Research, the Polyethylene Pipes Market accounted for USD 9,475.68 million in 2022, and expected to reach USD 14,764.22 million by 2030. The market is expected to grow with a CAGR of 5.70% in the forecast period of 2023 to 2030.
“Rising demand for high density polyethylene (HDPE) pipes”
The global demand for high density polyethylene (HDPE) is significant, particularly in the manufacturing of polyethylene pipes. HDPE exhibits diverse chemical and mechanical properties, providing benefits such as temperature resistance, flexibility, and pressure impact resistance at a cost-effective price. Additionally, HDPE pipes offer a superior finish and aesthetic appeal, making them a favourable alternative to metal pipes. Consequently, the increasing demand for HDPE pipes is expected to fuel the market's growth trajectory.
What restraints the growth of polyethylene pipes market?
“Volatility in price of raw material”
The cost of finished goods is heavily influenced by the price and availability of raw materials. The global polyethylene pipes market faces a significant challenge due to the volatility in raw material prices, particularly driven by unstable energy prices. As crude oil is the primary source for polyethylene raw materials, fluctuations in crude oil prices have a direct impact. The recent increase in crude oil prices after a decline has led to fluctuating raw material costs, thereby restraining market growth.
Segmentation: Global Polyethylene Pipes Market
The polyethylene pipes market is segmented on the basis of type and application.
- On the basis of type, the polyethylene pipes market is segmented into high density polyethylene (HDPE), cross link polyethylene, low density polyethylene (LDPE), linear low density polyethylene (LLDPE).
- On the basis of application, the polyethylene pipes market is segmented into underwater and municipal, gas extraction, construction, industrial, agriculture, and others.
Regional Insights: North America is expected to dominate the Polyethylene Pipes Market
North America is expected to dominate the polyethylene pipes market in terms of revenue growth and market share. The market growth is attributed to the different and numerous industrial applications such as oil and gas, food and beverages, construction and others within the region.
Asia-Pacific is expected to be the fastest developing region during the forecast period of 2023-2030 due to the increased usage of polyethylene pipes in the region is attributed to the numerous advantages they offer. These benefits include durability, corrosion resistance, lightweight nature, and cost-effectiveness, making polyethylene pipes a preferred choice for various applications.
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Recent Developments
- In 2020, Oxford Flow Limited collaborated with GF Piping Systems. GF business (UK) is a utility firms that can lessen water loss which is a significant global issue, with this collaboration, GF will gradually acquire a 23% minority ownership in the business.
- In 2020, GF division GF Piping Systems signed a contract with Dubai's Corys Investments LLC (Egypt) and Cairo's Egypt Gas. To compete in the water distribution industry and booming Egyptian gas, GF will take the industrial lead and invest in a new plastic pipe manufacturing facility.
The Prominent Key Players Operating in the Polyethylene Pipes Market Include:
- FURUKAWA ELECTRIC CO., LTD (Japan)
- Halcor (Greece)
- Mueller Streamline Co. (U.S.)
- Aurubis AG (Germany)
- Cerro Flow Products LLC (U.S.)
- Cambridge-Lee Industries LLC (U.S.)
- H & H Tube (U.S.)
- Hailiang Group Reserves (China)
- KMCT (India)
- MM Kembla (Australia)
- Mehta Tubes Ltd. (India)
- Shanghai Metal (China)
- Small Tube Products (U.S.)
- Wieland (Germany)
- Brassco Tube Industries (India)
- Luvata (Finland)
Above are the key players covered in the report, to know about more and exhaustive list of polyethylene pipes market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Polyethylene Pipes Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
