TMR Analyzes Impact of Outbreak of COVID-19 on HDPE Pipes Market 2020: Comprehensive Insights and Growth Potential In The Future till 2027

Global HDPE Pipes Market: Introduction

High density polyethylene (HDPE) pipes are manufactured by extrusion technique using graded raw materials such as PE 63, PE 80, and PE 100.
These pipes are used to carry and transport chemicals, water, and gases. HDPE pipes are 6-8 times lighter than conventional pipes manufactured from cast iron and galvanized iron.
High density polyethylene (HDPE) pipes are suitable for water and sewage transportation due to its non-corrosive nature.
The properties of HDPE pipes make them suitable for various applications such as flood irrigation, drip irrigation, potable water supply, sewage & industrial effluent disposal, electrical installations, air-conditioning & refrigeration ducting, and drainage pipes, gas manufacturing, and telecommunication
High density polyethylene (HDPE) pipes are perfect substitutes for galvanized iron pipes and cast iron pipes.

Rise in Agriculture Industry to Drive Global HDPE Pipes Market

The HDPE pipes market is anticipated to expand significantly during the forecast period. Rapid urbanization and increasing population is anticipated to drive the demand for water supply, which leads to increasing demand for HDPE pipes. Additionally, growth in sewage disposal infrastructure is expected to drive the demand for HDPE pipes during the forecast period.
Rapid increase in population has driven the demand for agricultural products, which has impacted the demand for cultivation of agricultural crops. This factor is driving the need for irrigation in the agriculture industry. The increasing usage of HDPE pipes in agriculture for water supply, drainage, and irrigation drives their demand in agriculture industry.
However, volatile raw material prices attributed to fluctuation in prices of crude oil is expected to hamper the market growth. Availability of cheaper substitutes of HDPE pipes may also hamper the market.
Conversely, innovation and technological advancements in PE pipes provide future growth opportunities to the HDPE pipes market.

PE 63 Segment to Witness Attractive Opportunities

Based on type, the global HDPE pipes market can be segmented into PE 32, PE 63, PE 80, PE 100, PE 112, and others.
The PE 100 segment dominated the global HDPE pipes market during 2019, followed by the PE 80 segment. The PE 63 segment is anticipated to be the most lucrative segment during the forecast period due to increasing demand for PE 63 pipes for drinking water applications.

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Water Supply Segment Holds Major Share of the HDPE Pipes Market

Based on application, the global HDPE pipes market can be segmented into oil & gas, agricultural irrigation, water supply, sewage systems, chemical/processing, gas distribution, telecom ducts, and others.
The water supply segment is projected to expand at the highest growth rate during the forecast period. The growth is due to the rise in demand for water infrastructure and growth in the agriculture industry owing to increasing urbanization and rising population.
The key application of HDPE pipes is supply of drinking water. HDPE’s non-corrosive nature also makes it suitable for sewage disposal.

Asia Pacific to Offer Attractive Opportunities to HDPE Pipes Market

In terms of region, the global HDPE pipes market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Asia Pacific holds major share of the global HDPE pipes market. The regional market is estimated to expand significantly due to the rise in agricultural and industrial activities in the region.
Demand for pipeline infrastructure is growing across oil & gas exploration and production. This, in turn, is anticipated to drive the demand for HDPE pipes in Asia Pacific.
Market growth in North America is driven by increasing use of HDPE pipes in various industries including food packaging, cosmetics, and construction. The U.S. held major share of the HDPE pipes market in North America in 2018.
Increase in demand for HDPE pipes, specifically in Spain, Germany, and Italy, is projected to expand the Europe market. Germany is projected to constitute major share of the HDPE pipes market in Europe during the forecast period. Demand for HDPE pipes is likely to rise steadily in Latin America, and Middle East & Africa.

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Key Players Operating in Global HDPE Pipes Market

The global HDPE pipes market is fragmented, with several regional and global manufacturers operating in the market. Prominent players operating in the market are adopting different strategies such as acquisition, product launch, and merger to maintain their leading position.

Key players operating in the global HDPE pipes market are: