HDPE Pipe Market 2022 - Market Size & Forecast, Industry Trends, Manufacturers Analysis, & Opportunities 2030

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Introduction: -

HDPE pipes, also sometimes referred to as thermoplastic pipes, are manufactured from high-density polyethylene resin (HDPE) and are used to transport chemicals, oil, gas, water, wastewater, and other substances.  These plastic pipes are flexible, highly durable, cost-effective, water-resistant, corrosion-resistant, abrasion-resistant, light-weight, leak-free, and fatigue-proof. They have an outstanding ability to withstand harsh service conditions, can bear extreme repetitive pressure, and can also be bent 25 times to normal pipes diameter. These HDPE pipes are increasingly being used in residential, industrial, as well as commercial sectors worldwide for numerous applications, including flood irrigation, drip irrigation, portable water supply & distribution, sewage & industrial effluent disposal, electrical and communication system conduits, air-conditioning & refrigeration ducting, and others. The global HDPE pipes market includes players engaged in developing and launching various HDPE pipes for different applications across several end-user verticals. The market is predicted to grow at a compounded annual growth rate (CAGR) of 4.9% during the forecast period of 2022-2030.


Growth Drivers:

The extensive preference for and usage of HDPE pipes due to their various advantageous properties is majorly driving the growth of the global HDPE pipe market. Additionally, various regions across the globe are witnessing the heavy deterioration of water pipelines caused due to the corrosion of old iron pipes, which is hampering their capability to provide safe drinking water. Due to the shortage in water supply, the governments in these regions are rolling-out initiatives to enhance the wastewater infrastructure and the drinking water system. Moreover, municipal corporations are showing an increased interest in the application of HDPE pipes, especially in developing regions across the globe. All these factors aid in increased demand and adoption of HDPE pipes for usage in a range of applications, which, in turn, adds to the growth of the global HDPE pipe market.

In recent years, the number of infrastructural developments and construction activities across both the developed and developing countries around the globe has risen tremendously. Alongside, the investments from both the public and private sectors in this field have also surged. This has resulted in an unprecedented growth in the demand for plastic pipes. For instance, in 2019, the Chinese government invested around $1.9 billion on 13 public housing projects and approved investing $142.0 billion in 26 infrastructure projects. Currently, in India, construction projects such as ‘100 smart cities’ and ‘Housing for All by 2022’ are being implemented. This growth in the number of infrastructural projects and investments is anticipated to significantly contribute to the growth of the global HDPE pipe market during the forecast period.

Furthermore, factors such as the emerging 5G network project across the globe, the aging water infrastructure, the rapidly expanding irrigation sector, the increasing focus of market players on developing state-of-the-art HDPE pipes, the raising awareness regarding the attractive properties of HDPE pipes, the advent of mechanical coupling in HDPE pipe emphasizing pipe strength and replacement of traditional material pipes with eco-friendly HDPE pipes are expected to bode considerably well for the growth of the global HDPE pipe market in the upcoming years.

However, factors such as the fluctuating raw material cost, the poor weathering resistance, and the stress cracking of HDPE pipes are predicted to act as major restraints to the growth of the global HDPE pipe market during the forecast period 2022-2030.

HDPE Pipe Market Segmentation:

By Grade:

·         PE80

·         PE63

·         PE32

·         PE100

·         PE100RC

·         Others


By Diameter:

·         Small Diameter Pipes (up to 15 Inches)

·         Large Diameter Pipes (15 inches and above)


By Pressure Rating:

·         High

·         Medium

·         Low


By End User:

·         Potable Water & Wastewater

·         Oil & Gas

·         Mining & Industrial

·         Power & Communications

·         Irrigation

·         Others


By Region:

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East and Africa

HDPE Pipe Market: Grade Review: -

Based on grade, the global HDPE pipe market is segmented into PE80, PE63, PE32, PE100RC, PE100, and others. The PE100 segment acquired the largest share of the global HDPE pipe market in 2021. The segment is expected to maintain its position over the forecast period of 2022-2030 due to the increasing application of PE 100 polyethylene raw materials in various applications due to its cost-effectiveness and advantages, including larger bore, crack-resistance, and enhanced flow capacity. However, the PE63 segment is anticipated to attain the highest CAGR in the market during the forecast period.


HDPE Pipe Market: Diameter Review: -

Based on diameter, the global HDPE pipe market is segmented into small diameter pipes (up to 15 inches) and large diameter pipes (15 inches and above). The small diameter pipes segment captured the largest share of the global HDPE pipe market in 2021. The trend is expected to continue over the forecast period due to the low cost of small diameter pipes and their ability to replace the oversized pipes for enhanced carrying capacity effectively.


HDPE Pipe Market: End User Review: -

Based on end user, the market is segmented into portable water & wastewater, oil and gas, mining & industrial, power & communications, irrigation, and others. The portable water & wastewater segment is predicted to register the highest CAGR in the market during the forecast period. The rising demand for water due to the rapidly growing population and the increasing number of government and non-government initiatives to raise the investment in water-related infrastructure and services are primarily driving the growth of this segment.


Regional Outlook:

The HDPE pipe research report offers detailed analysis and forecasts for five major regions: North America, Europe, Asia Pacific, and Latin America, and the Middle East & Africa.


The Asia Pacific region grabbed the second-largest share of the global HDPE pipe market in 2021, after North America. The region is positioned to experience robust growth in the market during the forecast period. The growth of the market in the region can be well attributed to the rapidly expanding end-user industries, the increasing investments in several industrial and health care projects, the high demand from the irrigation and water & wastewater sectors in the region. Moreover, the presence of various emerging nations, including India, China, and Japan, and the increasing agricultural activities and investments in these countries also contribute to the swift expansion of the market in the region, among other factors.


The report also identifies the country market outlook for HDPE Pipe, covering country-wise market size, growth rate, market share, segmentation, leading players, current trends, and opportunities.


Key Companies in HDPE Pipe Market:

The research report offers a competitive analysis of prominent companies operating in the global HDPE pipe market. Some of the leading players profiled in the market research 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.

·         Prinsco Inc.

·         Nan Ya Plastics Corp

·         Polyplastic Group

·         Apollo Pipes

·         Wavin

·         Other Players

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