HDPE Pipes Market overview:
The market for HDPE pipes was strong in 2021, and it is expected to exhibit a steady revenue compound annual growth rate (CAGR) during the forecast period. High-density polyethylene (HDPE) pipe systems have been in use for over 50 years in residential and industrial water infrastructure due to their extensive applicability, longevity, sustainability, versatility, and excellent corrosion resistance. The market's revenue growth is driven mainly by the expansion of sewage and material transportation infrastructure, both of which require high-density plastic material.
They have a strong inter-particle bond, making them ideal for high-pressure piping systems and a solution to numerous household, industrial, and agricultural problems. These pipes are flexible and capable of transporting fluids and glasses, and they are often used to replace aging metal or concrete pipes. They are suitable for underground, on-the-ground, submerged, and floating pipes and have a lifespan of more than 50 years, making them an excellent fit for high-pressure pipes. They offer a perfect combination of strength, corrosion resistance, and cost-effectiveness, making them the recommended form of transportation for potable water because they are non-hazardous.
HDPE Pipes Market Segments:
The global HDPE pipes market is segmented based on type, application/end-use, and region. The market size for each segment is measured in terms of revenue (USD Billion) for the period 2019-2030.
In terms of type, the market is segmented into PE100, PE80, and PE63. PE100 held the largest market share in 2019 and is expected to continue dominating the market during the forecast period due to its excellent performance and high strength-to-density ratio.
Based on application/end-use, the market is segmented into water supply, oil gas, and sewage systems. The water supply segment held the largest market share in 2019 and is expected to continue its dominance during the forecast period. The increasing demand for potable water in developing countries and the replacement of aging water supply systems in developed countries are the major factors driving the growth of this segment.
The global HDPE pipes market is further segmented into various regions, including North America, Europe, Asia-Pacific, Latin America, and the Middle East Africa. In North America, the U.S., Canada, and Mexico are the major revenue contributors. In Europe, Germany, the U.K., France, Italy, Spain, Sweden, BENELUX, and the rest of Europe are the major revenue contributors. In the Asia-Pacific region, China, India, Japan, South Korea, and the rest of APAC are the major revenue contributors. In Latin America, Brazil and the rest of LATAM are the major revenue contributors. In the Middle East Africa, Saudi Arabia, UAE, South Africa, Israel, and the rest of MEA are the major revenue contributors.
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HDPE Pipes Market Strategic Developments:
The HDPE (High-Density Polyethylene) pipes market is highly competitive, with several key players vying for market share. To maintain their competitive edge, players in the market are engaging in strategic developments such as mergers and acquisitions, partnerships, and product launches.
In 2020, for instance, China Lesso Group Holdings Limited announced the acquisition of 100% equity interest in the HDPE pipes business of Zhejiang Weixing New Building Materials Co., Ltd. This acquisition is expected to expand China Lesso's business portfolio and improve its market position.
In another example, WL Plastics, a leading manufacturer of HDPE pipes, partnered with Fortiline Waterworks, a leading distributor of underground water, sewer, and storm utility products in the United States. This partnership helped to expand WL Plastics' customer base and distribution network.
Product launches are also a common strategic development in the HDPE pipes market. For instance, in 2019, Uponor Infra introduced a new range of HDPE pipes designed for trenchless installations. This product launch helped the company to expand its product portfolio and cater to a wider range of customer needs.
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HDPE Pipes Market Competitive Landscape:
The global HDPE (High-Density Polyethylene) pipes market is highly competitive, with several key players vying for market share. Some of the major companies operating in the market include Supreme Pipes, JM EAGLE, WL Plastics, Prinsco, Lane Enterprises, Polyplastic Group, Apollo Pipes, Wavin, Nan Ya Plastics Corp, Jain Irrigation, and Chevron Philips Chemicals.
Supreme Pipes, a leading player in the Indian market, offers a wide range of HDPE pipes for various applications such as water supply, irrigation, and sewage systems. The company's products are known for their durability, longevity, and resistance to corrosion and abrasion.
JM EAGLE, a US-based company, is one of the largest manufacturers of plastic pipes and fittings in the world. The company offers a wide range of HDPE pipes for various applications such as water supply, gas distribution, and sewer and drainage systems. The company's products are known for their quality, reliability, and sustainability.
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