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Opportunities For The Global Hdpe Pipe Market To Reach $22.4 Billion By 2024
According to a new market report published by Lucintel, the future of the global HDPE (High Density Poly Ethylene) pipe market looks promising with opportunities in potable water, wastewater, oil and gas, and irrigation sectors. The global HDPE pipe market is expected to reach an estimated $22.4 billion by 2024 and is forecast to grow at a CAGR of 3.8% from 2019 to 2024. The major growth drivers for this market are growing residential and non-residential construction activities, replacement of aging pipelines, and increasing awareness of the attractive properties of HDPE pipes.
In this market, PE100, PE80, and PE63 grades are used to manufacture HDPE pipes. On the basis of comprehensive research, Lucintel forecasts that PE100 pipes are expected to remain the largest segment and witness the highest growth over the forecast period because of their high strength, chemical resistance, low cost, durability, minimal maintenance requirements, and superior energy efficiency.
Within the global HDPE pipe market, the wastewater segment is expected to witness the highest growth over the forecast period due to increasing spending in municipal infrastructure development.
APAC is expected to remain the largest market and to witness the highest growth rate over the forecast period due to the increasing urbanization, infrastructure development, and the continuous growth of the residential construction and industrial sectors in this region.
Emerging trends, which have a direct impact on the dynamics of the industry, include the introduction of mechanical coupling in HDPE pipe focusing on pipe strength and replacement of traditional material pipes with eco-friendly HDPE pipes. Mexichem SAB, China Lesso Group, Advanced Drainage Systems, Sekisui Chemical, Formosa Plastics Group, Supreme Industries, Jain Irrigation, and Astral Pipes are among the major suppliers of the HDPE pipe market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global HDPE pipe market by application, grade type, diameter, pressure ratings, and region, and has compiled a comprehensive research report entitled “Growth Opportunities in the Global HDPE Pipe Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global HDPE pipe market by application, grade type, diameter, pressure rating, and region, as follows:
By Application [Value ($ Million) from 2013 to 2024]:
• Potable Water
• Oil and Gas
By Grade Type [Value ($ Million) from 2013 to 2024]:
• PE100 Pipes
• PE80 Pipes
• PE63 and Other Pipes
By Diameter Type [Value ($ Million) from 2013 to 2024]:
• Large Diameter Pipes
• Small Diameter Pipes
By Pressure Rating [Value ($ Million) from 2013 to 2024]:
• High Pressure Pipes
• Medium Pressure Pipes
• Low Pressure Pipes
By Region [Value ($ Million) and Volume (Thousand Tons) from 2013 to 2024]:
• North America
− United States
− United Kingdom
− Middle East
This 213-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or firstname.lastname@example.org. Lucintel offerings include Construction Market Report, Construction Reports, Market Research Report, Capital Investment Feasibility and SWOT Analysis.
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.
This report addresses the following key questions:
Q.1 What are some of the most promising growth opportunities for the global HDPE pipe market by application (potable water, wastewater, oil and gas, irrigation, and others), grade type (PE100, PE80, PE63 and others), diameter (small diameter pipes (up to 15 inches) and large diameter pipes (15 inches and above), pressure rating (high, medium, and low pressure) and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which region will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges, and business risks in this market?
Q.5 What are the business risks and competitive threats in this market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are some of the changing demands of customers in the market?
Q.8 What are the new developments in the market and which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being taken by key players for business growth?
Q.10 What are some of the competing products in this market and how big of a threat do they pose for loss of market share by product substitution?
Q.11 What M & A activity has occurred in the last 5 years?
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