IMARC Group has recently released a new research study “HDPE Pipes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
What Are The Growth Prospects Of The HDPE Pipes Industry?
The global HDPE pipes market size reached US$ 19.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 32.2 Billion by 2028, exhibiting a growth rate (CAGR) of 4.9% during 2023-2028.
What is a HDPE Pipes?
High-density polyethylene or HDPE pipes represent flexible plastic pipes that are manufactured by the polymerization of ethylene with several additives, such as fillers, plasticizers, softeners, lubricants, colorants, stabilizers, flame retardants, blowing and crosslinking agents, ultraviolet degradable additives, etc. They are easy to install and transport. In addition to this, these pipes can withstand extreme weather and ultraviolet (UV) radiation while providing abrasion, chemical, and corrosion resistance. They are highly durable and lightweight. HDPE pipes are extensively utilized to carry hazardous wastes, potable water, gases, slurry, firewater, and stormwater. As such, they also find wide-ranging applications in various industries, including construction, oil and gas, agriculture, power plant, glass, plastic, telecommunications, etc., across the globe.
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What Are The Key Factors Driving In The HDPE Pipes Market?
The development of sewage disposal infrastructures to remove decomposable matter and solid, liquid, or gaseous waste is primarily driving the HDPE pipes market. Additionally, the inflating need for repairing and replacing existing pipes is further catalyzing the market growth. Besides this, the widespread adoption of HDPE pipes in the agriculture industry for flow line irrigation, drip irrigation, and pesticide spraying system is acting as another significant growth-inducing factor. Moreover, the growing popularity of these pipes for transporting effluents, acids, alkalis, and slurry, as they are corrosion and abrasion-resistant, is positively influencing the global market.
Apart from this, they are also utilized to protect optic fibers and cables, which is also propelling the market growth. Furthermore, the introduction of product variants with freeze-break resistance properties for the safety of potable water is anticipated to fuel the HDPE pipes market over the forecasted period.
Who Are The Key Players/Companies In The Global HDPE Pipes Market?
AAR Corp., Circor Aerospace Inc. (Circor International Inc.), Collins Aerospace (Raytheon Technologies Corporation), Héroux-Devtek Inc., Honeywell International Inc., Liebherr Group, Magellan Aerospace Corporation, Mecaer Aviation Group, Revima Group, Safran S.A., Sumitomo Precision Products Co. Ltd. and Triumph Group Inc.
Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Type:
Breakup by Application:
By Geography:
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