NEW
YORK, July 4, 2024 /PRNewswire/ -- The
global HDPE pipes market size is estimated to grow
by USD 6.13 billion from
2024-2028, according to Technavio. The market is estimated to grow
at a CAGR of 5.4% during the forecast period.
Increasing demand for water supply is driving market
growth, with a trend towards mechanical coupling in
HDPE pipes. However, significant prevalence of
substitutes poses a challenge. Key market players include
Advanced Drainage Systems Inc., APL Apollo TUBES Ltd., Astral Ltd.,
Atkore Inc, Chevron Corp., Formosa Plastics Corp., Genuit Group
Plc, Georg Fischer Ltd., Hexatronic Group AB, JM Eagle Inc, Lane
Enterprises Inc., LyondellBasell Industries N.V., Orbia Advance
Corp. S.A.B. De C.V., POLYPLASTIC Group, Prinsco Inc., PTT Public
Co. Ltd., Qenos Pty Ltd., Unidelta Spa, Uponor Corp., and Wavin
BV.
Get a detailed analysis on regions, market segments, customer
landscape, and companies- View the snapshot of this
report
HDPE Pipes Market
Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
5.4%
|
Market growth
2024-2028
|
USD 6130.2
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
5.13
|
Regional
analysis
|
APAC, North America,
Europe, Middle East and Africa, and South America
|
Performing market
contribution
|
APAC at 45%
|
Key
countries
|
China, US, India,
Germany, and France
|
Key companies
profiled
|
Advanced Drainage
Systems Inc., APL Apollo TUBES Ltd., Astral Ltd., Atkore Inc,
Chevron Corp., Formosa Plastics Corp., Genuit Group Plc, Georg
Fischer Ltd., Hexatronic Group AB, JM Eagle Inc, Lane Enterprises
Inc., LyondellBasell Industries N.V., Orbia Advance Corp. S.A.B. De
C.V., POLYPLASTIC Group, Prinsco Inc., PTT Public Co. Ltd., Qenos
Pty Ltd., Unidelta Spa, Uponor Corp., and Wavin BV
|
Market Driver
HDPE pipes are extensively utilized in key industries like
mining and construction, surpassing traditional concrete and steel
pipes due to their distinctive properties and innovations. Joining
HDPE pipes typically involves butt fusion and electrofusion
techniques, which apply heat and pressure to the pipe ends to
create a seal. However, these methods can be time-consuming,
leading to project delays, and are costly due to the need for
certified crews and expensive fusion equipment. To address these
challenges, Victaulic Company introduced mechanical pipe joining
systems using grooved and plain-end mechanical couplings for HDPE
pipes. This technology significantly reduces project completion
time, eliminates the need for additional valves, and lowers
inventory costs. Weather conditions, such as moisture, snow, rain,
or condensation, can impact fusion techniques by increasing heating
time and creating ambiguity in joint integrity. In contrast,
mechanical couplings offer weather-independent, quick, and easy
installations, making them increasingly popular in the HDPE piping
system market. This trend is anticipated to fuel market growth
during the forecast period.
The HDPE pipes market is experiencing significant growth in
various industries. In oil and gas, HDPE pipes are widely used in
crude oil transport, refineries, and processing plants for refined
products like gasoline. Modern farming practices also utilize HDPE
for water sourcing and plumbing systems. Construction sectors,
including luxury apartments and sewage systems, benefit from HDPE's
resistance to chemicals, abrasion, and temperature tolerance. In
gas distribution networks, lightweight and eco-friendly HDPE pipes
reduce carbon footprint and are flexible for installation in
challenging environments. HDPE's reliability in transporting
natural gas and petroleum distribution makes it a preferred choice
over traditional materials. Jet Polymer Recycling and use of
recycled materials further contribute to environmental awareness.
HDPE, a thermoplastic polymer, offers resistance to chemical
corrosion, weathering, and reliability in demanding
conditions.
Research report provides comprehensive data on impact of trend.
For more details- Download a Sample Report
Market Challenges
- The HDPE pipe market has experienced significant shifts in the
pipeline industry due to the introduction of high-performance
plastic pipes as an alternative to metallic pipes. HDPE pipes are
favored by industries such as construction, irrigation, and
chemicals due to their superior technical capabilities compared to
PVC pipes. However, HDPE pipes come with a higher price tag,
approximately double the cost of rubber ring-jointed PVC pipes. In
the irrigation sector, HDPE pipes with electrofusion joints are
commonly used for hardscape applications, while PVC pipes are
preferred for softscape projects due to their cost-effectiveness.
Energy efficiency is another factor influencing the choice of
pipes, with PVC pipes requiring less energy to produce and having a
smaller carbon footprint than HDPE pipes. Currently, around 65% of
water supply pipes in the US are made of PVC, resulting in
substantial cost savings of USD35-USD37 billion
over the past century. Flexibility is another area where PVC and
polypropylene pipes outperform HDPE pipes, as HDPE pipes have poor
ultraviolet resistance and lower stiffness. These factors pose a
significant threat to the growth of the HDPE pipe market, as
substitutes may be preferred in certain applications.
- The HDPE (High-Density Polyethylene) pipes market is witnessing
significant growth due to the increasing demand for durable and
corrosion-resistant piping solutions in various industries. In the
agricultural sector, HDPE pipes are increasingly being used for
irrigation systems due to their flexibility and resistance to
chemicals and UV light. In the water supply sector, HDPE pipes
offer advantages such as high strength, lightweight properties, and
resistance to external pressure, making them ideal for
transportation networks and water distribution systems. In the
automotive industry, HDPE pipes are used for fuel tanks, automotive
components like bumpers, and interior parts due to their
lightweight properties and resistance to chemicals and emissions.
However, challenges such as water scarcity, water wastage, and
increasing regulations on emission and vehicle weight are driving
the demand for HDPE pipes in the water supply and automotive
industries. Additionally, the mining sector is adopting HDPE pipes
for mining exploration and extraction activities due to their
durability and resistance to corrosion. HDPE resin is used to
manufacture PE 100 HDPE pipes, which can withstand internal and
external pressure and transport fluids like water, wastewater, and
chemicals without damage. Overall, HDPE pipes offer sustainable and
cost-effective solutions for various industries, making them a
preferred choice for piping systems in water supply, agriculture,
automotive, and mining sectors.
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challenges - Request a sample report!
Segment Overview
This hdpe pipes market report extensively covers market
segmentation by
- Application
- 1.1 Water supply
- 1.2 Agricultural irrigation
- 1.3 Sewage system
- 1.4 Oil and gas
- 1.5 Others
- Type
- 2.1 PE 100
- 2.2 PE 80
- 2.3 PE 63
- Geography
- 3.1 APAC
- 3.2 North America
- 3.3 Europe
- 3.4 Middle East and
Africa
- 3.5 South America
1.1 Water supply- The global water supply market
is experiencing growth due to the increasing demand for water
caused by population growth and changing consumption patterns.
Approximately 1% more water is required annually for various
sectors, including industry, energy, domestic use, and
infrastructure. Irrigation accounts for the largest water
consumption at 65%-70%. HDPE pipes, such as PE80, PE100, and
PE100-RC, are commonly used for water supply systems due to their
durability, strain and corrosion resistance, and non-toxic
composition. These pipes can last over 50 years and do not affect
water taste or odor. HDPE pipes' unique features include resistance
to high-pressure points, resistance to fissure spread, rapid
temperature expansion or contraction, ease of transport, handling,
and assembly, and standardized fabrication. The rise in
urbanization and infrastructure development is expected to fuel the
global HDPE pipe market's growth in water supply systems during the
forecast period.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
Research Analysis
High density polyethylene (HDPE) pipes, made from thermoplastic
polymer, offer superior reliability and flexibility in various
industries. HDPE pipes resist chemical corrosion, making them ideal
for natural gas and petroleum distribution. In agriculture, they
ensure water supply to farmlands without contamination from
pesticides. Their resistance to abrasion and weathering makes them
suitable for transportation of natural gas and water. HDPE pipes
are also used in automotive components such as fuel tanks and
bumpers due to their lightweight and high fuel efficiency. However,
installation can be a challenge in shifting soil conditions,
requiring specific fittings and joints. HDPE pipes contribute to
reducing plastic pollution as they have a long lifespan and are
easily recyclable. Despite their advantages, HDPE pipes face
competition from metal pipes in certain applications due to
emission regulations and vehicle weight concerns.
Market Research Overview
High density polyethylene (HDPE) pipes are made from a
thermoplastic polymer known for their reliability in challenging
environments. These pipes offer superior corrosion resistance,
making them ideal for transporting natural gas, petroleum, and
other fluids in industries prone to chemical corrosion. HDPE pipes
are flexible, allowing for easy installation in various terrains,
including those with shifting soil. They are also resistant to
weathering, abrasion, and temperature fluctuations. HDPE pipes are
used extensively in sectors like agriculture for irrigation, in
water supply systems for potable water and wastewater, and in the
mining sector for mining exploration and extraction activities.
Their lightweight properties make them a preferred choice for
transportation networks, reducing the carbon footprint. HDPE pipes
are also used in modern farming practices for water supply and in
plumbing systems for luxury apartments and sewage systems. HDPE
pipes come in various grades like PE 100 HDPE, and their resistance
to chemicals, abrasion, and temperature makes them suitable for use
in refineries, processing plants, and refined products like
gasoline. HDPE resin is also used in automotive components such as
bumpers and fuel tanks due to its high strength and resistance to
impact damage. The increasing focus on emission regulations and
vehicle weight reduction in the automotive industry has led to an
increased demand for HDPE pipes in automotive applications. HDPE
pipes are also recyclable, making them an eco-friendly option for
various industries. Overall, HDPE pipes offer durable piping
solutions that are flexible, lightweight, and resistant to various
external factors, making them a preferred choice for various
applications.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Application
-
- Water Supply
- Agricultural Irrigation
- Sewage System
- Oil And Gas
- Others
- Type
-
- Geography
-
- APAC
- North America
- Europe
- Middle East And Africa
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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