HDPE Pipe Market 2022 Key Players, Latest Developments, Trending News and All Future Plans: Canada Culvert Inc., IPEX Inc., Supreme Pipes, JM Eagle Inc., United Poly Systems, Radius system, WL Plastics

 

According to a new report published by xResearch, titled, “HDPE Pipe Market 2022- Industry Insights, Trends, Opportunity & Forecast, 2021–2030,” the global HDPE pipe market size is anticipated to witness exponential growth during the forecast period i.e. 2022-2030.

 

Factors such as the growing number of construction activities across the matured and emerging nations, the increasing preference for and application of HDPE pipes dueto their several beneficial properties, the growing deterioration of water pipelines leading to the shortage in water supply, the surging launch of various government-based initiativesto improve the wastewater infrastructure & the drinking water system, the rapid emergence of the 5G network project worldwide, and the burgeoningawareness regarding the attractive properties of HDPE pipes are among the major factors contributing to the growth of the global HDPE pipe market.

 

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Some of the HDPE pipe companies profiled in the report include Canada Culvert Inc., IPEX Inc., Supreme Pipes, JM Eagle Inc., United Poly Systems, Radius system, WL Plastics, Dura-Line Corp., Lane Enterprises Inc., and Prinsco Inc.

 

The global HDPE pipe market is segmented into grade, diameter, pressure rating, end user, and region. Based on grade, the market is bifurcated into PE80, PE63, PE32, PE100, PE100RC, and others. Based on diameter, it is classified into small diameter pipes (up to 15 inches) and large diameter pipes (15 inches and above). Based on pressure rating, it is classified into high, medium and low. Based on end user, it is classified into portable water & wastewater, oil & gas, mining & industrial, power & communications, irrigation, and others.

 

According to grade, the PE100 segment captured the largest share of the global HDPE pipe market in 2021. The segment is predicted to retain its position further in the market during the forecast period of 2022-2030. On the other hand, the PE63 segment is estimated to register the highest CAGR in the market during the forecast period of 2022-2030.

 

According to diameter, the small diameter pipes segment dominated the global HDPE pipe market in 2021. The segment is anticipated to maintain its dominance further throughout the forecast period of 2022-2030 owing to the low cost of small diameter pipes and their ability to replace the oversized pipes for improving the carrying capacity. According to end user, the portable water & wastewater segment is expected to achieve the highest growth in the market during the forecast period of 2022-2030.

 

Geographically, the Asia Pacific region accounted for the second-largest share of the global HDPE pipe market in 2021, after North America. The region is slated to attain the highest CAGR in the market during the forecast period of 2022-2030. The growing number of agricultural activities the emerging economies, thefast-paced growth of the end-user industries, the risinginvestments in various industrial and health care projects, and the proliferating demand from the irrigation & water & wastewater sectors, are factors propelling the market in the region.

 

The global HDPE pipemarket is analyzed across North America (U.S. & Canada), Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Indonesia, Thailand, Australia, New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of Latin America) and Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, and Rest of Middle East & Africa).

 

Key Insights of HDPE Pipe Market

·         On the basis of grade, the PE100 segment captured the largest share of the global HDPE pipe market in 2021. The segment is predicted to retain its position further in the market during the forecast period of 2022-2030. On the other hand, the PE63 segment is estimated to register the highest CAGR in the market during the forecast period of 2022-2030.

·         On the basis of diameter, the small diameter pipes segment dominated the global HDPE pipe market in 2021. The segment is anticipated to maintain its dominance further throughout the forecast period of 2022-2030

·         On the basis of end user, the portable water & wastewater segment is expected to achieve the highest growth in the market during the forecast period of 2022-2030.

·         On the basis of region, the Asia Pacific region accounted for the second-largest share of the global HDPE pipe market in 2021, after North America. The region is slated to attain the highest CAGR in the market during the forecast period of 2022-2030.

 

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