Global HDPE pipe market is anticipated to reach USD 22,976.8 Million by the end of 2024 from USD 15,975.2 Million in 2018. The global HDPE pipe market is expected to flourish at a CAGR of 5.7% in the terms of value during the time period i.e. 2019-2024. In the terms of volume, HDPE pipe consumption was totaled 9,282.6 thousand ton in 2018. The rise in agricultural and industrial activities and demand for pipeline infrastructure is increasing in oil & gas exploration and production activities are anticipated to drive the growth of the global HDPE pipes market over the upcoming years.
Growth Drivers – HDPE pipe Market
Aging Water Infrastructure
The HDPE (High-Density Polyethylene) pipes are used as a medium for supplying drinking water. Various countries in America are facing the problem with the water which is affecting the individual household and communities. In the past few months, the United States Environmental Protection Agency (EPA) also announced the availability of more than USD 95 Million in new funds to help the State of Michigan, such government initiatives to improve the drinking water and wastewater infrastructure is expected to drive the growth of HDPE pipes market in the North America region. The United States totally depends upon the underground pipes for their water supply, but the network of these underground pipes has reached the end of their useful life, which is resulting in various health problems. Further, increasing spending on the water infrastructure and wastewater treatment is believed to impetus the growth of the HDPE pipes market over the upcoming years.
Sewage Disposal Infrastructure
Due to the continuous infrastructure development of sewage systems in the developing countries, the demand for plastic pipes has increased exponentially, on the back of which the demand for high-density polyethylene (HDPE) pipes is also increasing. The HDPE pipes offer various functional advantages such as sustainability, durability, and flexibility along with superior resistance to corrosion and abrasion which are needed in the sewage water treatment. Apart from this, the HDPE piping systems also provide long service life, excellent joint performance, and offer leak-free protection. Further, the growth of the sewage disposal infrastructure is anticipated to positively impact the growth of HDPE pipes market.
HDPE Pipes in Oil & Gas Industry
In the oil & gas industry, the companies are trying to adopt high-density polyethylene (HDPE) pipes as an alternative of steel pipes due to the cost-effectiveness of the HDPE pipes. Also, the HDPE pipes offer advantages such as chemical and corrosion resistance, lightweight and these pipes also can be used in moderate temperatures. Apart from this, in the oil & gas industry, the high-density polyethylene (HDPE) pipes are also used in the fracking (a process of injecting liquid at high pressure) for the collection and transportation of hydrocarbons, as well as the transportation and collection of water which is used in this process. The major reason behind using the HDPE pipes in this process is its excellent impact resistance, high tensile strength, low moisture absorption, and ease-of-handling. Further, these advantages are increasing the use of HDPE pipes in the oil & gas industry which is expected to drive the growth of the HDPE pipes market over the forecast period.
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Barriers – HDPE pipe Market
Higher Cost of HDPE Pipes
The major constraint in the growth of the HDPE pipes market is the higher cost of these pipes. The high-density polyethylene (HDPE) pipes are 25% more expensive when they are compared with the PVC pipes. Also, the installation cost of the high-density polyethylene (HDPE) pipes is comparatively high in comparison with the other plastic pipes. The installation cost of HDPE pipes varies around 2% to 3% to the cost of the other plastic pipes. Further, this variation in the pricing of the plastic pipes is expected to hamper the growth of the HDPE pipes market.
Fluctuation in the Price of Raw Material
High-density polyethylene (HDPE) pipes are made from the polymerization of ethylene which is obtained from oil. The cost of raw materials used in the manufacturing of high-density polyethylene (HDPE) pipes remains highly volatile and fluctuating with time. This fluctuation in raw material prices may obstruct the growth of High-density polyethylene (HDPE) pipes market in future.
The market is segmented by product type into PE80, PE100, PE100RC, and others, out of which, PE 100 segment shared approximately 67.7% of the global HDPE pipes market in 2018. It was followed by PE 80 segment in terms of market share in 2018. Rapid urbanization is anticipated to increase the demand for water supply, leading to an increase in the requirement of HDPE pipes. Furthermore, growth in sewage disposal infrastructure and increasing application of HDPE pipes in various end-use industries is expected to drive the demand for HDPE pipes in the future.
In the application segment, the HDPE pipe market is sub-segmented into oil & gas Pipe, agricultural irrigation pipe, water supply pipe, sewage system pipe, and others.
In terms of geography, the high-density polyethylene (HDPE) pipes market can be segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific accounts for the major share of the global High-density polyethylene (HDPE) pipes market.
Asia Pacific HDPE pipes market was held at USD 8,104.4 Million in 2018 and is anticipated to reach USD 12,988.8 Million by the end of 2024. Asia Pacific HDPE pipes market accounted for a market share of 54.2% in 2018 and further, is expected to stand at a market share of 56.5% by the end of 2024.
The report also covers detailed competitive analysis of major market players of the global HDPE pipe market, such as JM Eagle Inc., WL Plastics, POLYPLASTIC Group, Lane Enterprises, Inc., Prinsco, Inc., Uponor Oyj, Mexichem, United Poly Systems, Blue Diamond Industries, LLC and Radius Systems Ltd. The HDPE pipe market is witnessing a wide range of industry activities such as acquisition, mergers, and expansion across the globe. For instance, in January 2019, Core & Main LP, a U.S. distributor of water, sewer and fire protection products, acquired select assets of Maskell Pipe & Supply, Inc., a California-based distributor and fittings fabricator of high-density polyethylene (HDPE) pipe.
By Product Type
- Oil & Gas Pipe
- Agricultural Irrigation Pipe
- Water Supply Pipe
- Sewage System Pipe
- 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, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
The report profiles various major market players such as
- JM Eagle Inc.
- WL Plastics
- POLYPLASTIC Group
- Lane Enterprises, Inc.
- Prinsco, Inc.
- Uponor Oyj
- United Poly Systems
- Blue Diamond Industries, LLC
- Radius Systems Ltd.
- Other Major & Niche Players
Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development and other market activities).
The study also provides company’s positioning and market share in HDPE pipe market.
Timeline Considered for Analysis:
- 2018: Base Year
- 2019: Estimated Year
- 2019 to 2024: Forecast Period
Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis
Market Segmentation Analysis:
Industry report analyzes the global HDPE pipe market by the following segments:
- Product Type
Customization: We also offers customization’s in the industry report as per the company’s specific needs.
Key Questions Answered in the Global HDPE pipe Industry Report
- What is the overall market size in 2018? What will be the market growth during the forecast period i.e. 2019-2024?
- Which region would have high demand for product in the upcoming years?
- What are the factors driving the growth of the market?
- Which sub-market will make the most significant contribution to the market?
- What are the market opportunities for existing and entry-level players?
- What are various long-term and short-term strategies adopted by the market players?