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HDPE Pipes Market Expected to Reach $35.4 Billion by 2032—Allied Market Research

 
2022
HDPE Pipes Market

Report Code : A04691

quote The global HDPE pipes market is expected to possess high growth potential in the coming years. HDPE pipes find applications in various industries, including water supply and distribution, sewage and drainage systems, irrigation, industrial processes, mining, gas distribution, and telecommunications. They are commonly used for both above-ground and underground installations, offering a versatile and cost-effective solution for fluid and gas transportation needs.” However, the outbreak of the COVID-19 pandemic had moderate impact on the global HDPE pipes market.” quote

Yerukola Eswara Prasad - Manager
Materials and Chemicals at Allied Market Research

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According to a new report published by Allied Market Research, titled, “HDPE Pipes Market," The hdpe pipes market was valued at $21.7 billion in 2022, and is estimated to reach $35.4 billion by 2032, growing at a CAGR of 5.1% from 2023 to 2032.

High density polyethylene pipes (HDPE) are electrical conduits made from graded raw materials such as PE 63, PE 80, and PE 100. These pipes are one of the most premier mediums of conveying and transporting chemicals, water, and gases. One of the major advantages of utilizing HDPE pipes is that they are 6-8 times lighter than conventional cast iron and galvanized iron pipes. In addition, high density polyethylene pipes are non-corrosive in nature, which makes them suitable for water transportation. The advantageous properties of HDPE pipes make them appropriate for numerous applications including flood irrigation, drip irrigation, portable water supply & distribution, sewage & industrial effluent disposal, air-conditioning & refrigeration ducting, electrical installations, and drainage pipes.  

The surge in application of HDPE pipes in various end use industries, the market for HDPE pipe is expected to witness substantial growth. The rise in demand from water irrigation systems in agricultural industry is expected to drive the growth of the HDPE pipe market. 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 fuels the demand for HDPE pipes. However, volatile raw material prices attributed to fluctuation in prices of crude oil are expected to hamper the market growth. Conversely, innovation and technological advancements in PE pipe provide future growth opportunities to the HDPE pipes market.  

By type, the market is segregated into HDPE 63, HDPE 80, and HDPE 100. The HDPE 100 type segment dominated the global market in terms of revenue in 2022, with 77% of the total share. This is due to the fact that, many countries are facing the challenge of aging infrastructure systems, including water and gas pipelines. HDPE 100 pipes are often chosen as a replacement for deteriorating infrastructure due to their long service life, durability, and resistance to corrosion. As a result, the replacement and rehabilitation of aging infrastructure contributes to the surge in demand for HDPE 100 pipes. This factor is expected to enhance market growth during the forecast period.

The increase in global population and water scarcity concerns drive the need for efficient water management systems. HDPE 100 pipes are widely used for water supply, distribution, and wastewater management due to their durability, leak-proof nature, and resistance to chemical degradation. The rise in demand for sustainable water management solutions fuels the market growth for HDPE 100 pipes. This factor is projected to drive the global demand for HDPE pipes for 100 grade segments.  

By application, the HDPE pipes market is segmented into oil & gas pipe, agricultural irrigation pipe, water supply pipe, sewage system pipe, and others. The sewage supply pipe application dominated the global market in terms of revenue in 2022, with 46% of the total share. Sewage system pipes, also known as wastewater pipes or sewer pipes, are an integral part of the infrastructure designed to collect and transport sewage or wastewater from residential, commercial, and industrial sources to treat plants or disposal sites.

HDPE (High-Density Polyethylene) pipes are widely used in sewage systems due to their high strength, flexibility, and resistance to chemicals and abrasion. They are often used for larger diameter sewage pipes and are suitable for both underground and above-ground installations. sewage treatment processes often involve aeration to facilitate the breakdown of organic matter by microorganisms. HDPE pipes are used to distribute air or oxygen into the treatment tanks or basins. These pipes deliver the air or oxygen to diffusers or aerators placed at the bottom of the tanks, ensuring efficient oxygen transfer, and promoting biological treatment. These factors are offering new avenues for the HDPE pipes market during the forecast period.   

Region-wise, the HDPE pipes market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific HDPE pipes market is projected to grow at the highest CAGR during the forecast period. This is attributed to the fact that, The Asia-Pacific HDPE pipes market is anticipated to expand during the forecast period. India, China, and Japan are anticipated to contribute to the Asia-Pacific HDPE pipes market. The rapid urbanization in China has led to increased demand for housing, commercial buildings, and infrastructure.

HDPE pipes are used in construction projects for water supply, drainage, and gas distribution. Furthermore, India has witnessed significant industrial growth, particularly in sectors such as manufacturing, chemicals, and pharmaceuticals. HDPE pipes are used in industrial applications for fluid transportation, process pipelines, and wastewater management. These factors are driving the potential sales of HDPE pipes market in the Asia-Pacific region; thus, maintaining a strong position in the market. 

Key players operating in the global HDPE pipes market include Lane Enterprises, Inc, JM EAGLE, INC, BLUE DIAMOND INDUSTRIES, LLC, Mexichem S.A.B. de C.V, WL Plastics, POLY PLASTIC Group, Prinsco, Inc, United Poly Systems, and RADIUS System. 

  Key findings 

  • On the basis of  type, the HDPE 100 segment is expected to grow at a CAGR of 5.2%, in terms of revenue, during the forecast period.  

  • Depending on application, the swage system pipe segment is expected to grow at a CAGR of 4.9%, in terms of revenue, during the forecast period.  

  • Region wise, Asia-Pacific garnered a share more than 40% in 2022 in terms of revenue.  

  • North America garnered a share of around 20% in 2022 in terms of revenue.  

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quote HDPE Pipes Market by Type (HDPE 63, HDPE 80, HDPE 100), by Application (Oil and Gas Pipe, Agricultural Irrigation Pipe, Water Supply Pipe, Sewage System Pipe, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032 quote

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