Global Polyethylene Pipes Market, By Type (High Density Polyethylene (HDPE), Cross Link Polyethylene, Low Density Polyethylene (LDPE), Linear Low Density Polyethylene (LLDPE)), Application (Underwater and Municipal, Gas Extraction, Construction, Industrial, Agriculture, Others) – Industry Trends and Forecast to 2029.
Polyethylene Pipes Market Analysis and Size
Over the recent years, there has been surge in spending on the water infrastructure and wastewater treatment. For instance, Johor (Malaysia) has installed an additional 224.6 MLD of treated water capacity, or at least 25%, compared to the treated water capacity present in 2012, according to the Pengurusan Aset Air Berhad (PAAB). In order to fulfil the rising demand from the expanding population and state economy, Johor will witness an overall increase in treated water capacity of 626.4 MLD or 35% by 2022, with an extra 61.8 MLD being built and 340 MLD to be completed. Ageing water infrastructure and a booming irrigation industry are therefore largely fueling the expansion of the polyethylene pipes market.
Global polyethylene pipes market was valued at USD 8964.70 million in 2021 and is expected to reach USD 13968.05 million by 2029, registering a CAGR of 5.70% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Polyethylene Pipes Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (HDPE (High Density Polyethylene), Cross Link Polyethylene, LDPE (Low Density Polyethylene), LLDPE (Linear Low Density Polyethylene)), Application (Underwater and Municipal, Gas Extraction, Construction, Industrial, Agriculture, Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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FURUKAWA ELECTRIC CO., LTD (Japan), Halcor (Greece), Mueller Streamline Co. (U.S.), Aurubis AG (Germany), Cerro Flow Products LLC (U.S.), Cambridge-Lee Industries LLC (U.S.), H & H Tube (U.S.)., Hailiang Group Reserves (China)., KMCT (India)., MM Kembla (Australia), Mehta Tubes Ltd. (India), Shanghai Metal (China), Small Tube Products (U.S.), Wieland (Germany), Brassco Tube Industries (India) and Luvata (Finland)
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Market Opportunities
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Market Definition
A thermoplastic substance called polyethylene (PE) is created when ethylene is polymerized. Extrusion is used to produce PE plastic pipe in sizes ranging from 12" to 63". PE can be purchased in straight lengths up to 40 feet or in rolled coils of various lengths. It is a kind of flexible plastic pipe used to carry fluids and gases, and it is frequently used to replace main pipelines made of ageing concrete or steel.
Polyethylene Pipes Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- High Demand Across End Users
The pipes made of polyethylene are largely used to transport drinking water. Across the globe, many nations are dealing with a water crisis that impacts both private households and entire cities. According to the US EPA, between treatment facilities and the tap, U.S. water companies together lose more than a quarter of processed water each day due to leaks and breakdowns. The cost of replacing potable water pipes could exceed $1 trillion over the next ten years. Consequently, a trustworthy and robust pipe material is required. One such material to take into account is high density polyethylene (HDPE) pipe. Additionally, it's thought that rising spending on wastewater treatment and water infrastructure will spur the market for the polyethylene pipes to expand.
Furthermore, the continuous infrastructure development in the developing countries will further propel the polyethylene pipes market growth rate. Additionally, the functional advantages such as durability, sustainability, flexibility, and superior resistance to corrosion and abrasion will drive market value growth. The expansion of the end-use industries is projected to bolster the market's growth.
Opportunities
- Growth in the Investments
Furthermore, significant investments for residential construction further extend profitable opportunities to the market players in the forecast period of 2022 to 2029. For instance, the value of construction put in place in residential and nonresidential construction grew to $567,555 million and $470,986 million in January 2020 from $546,532 million and $466,436 million in December 2019, respectively, according to the U.S. Census Bureau. High housing demand is also present in Mexico, which has attracted substantial investment in new building.
- Supportive Government Policies
Additionally, the growing promotion of the polyethylene pipes by the government as they help in reducing the greenhouse gas emissions will further expand the future growth of the polyethylene pipes market.
Restraints/Challenges
- Fluctuations in Raw Material Costs
The cost of raw materials and their availability are significant determinants of the cost of finished goods. The fluctuating price trends of raw materials, which are changing as a result of unstable energy costs, pose the biggest threat to the global market polyethylene pipes. Therefore, crude oil is completely responsible for the manufacture of polyethylene raw materials, their availability, and their cost. The price volatility of crude oil has grown recently, according to BP's Statistical Review of World Energy. For example, the price of crude oil declined from $98.95 in 2014 to $52.39 in 2015 and surged from $43.73 in 2016 to $71.31 in 2018. Consequently, the fluctuations of the prices of raw materials prices is limiting the market’s growth.
- Negative Impact Of COVID-19
The global epidemic has increased restrictions, which has impacted the supply and demand negatively. A shortage of raw materials as a result of the pandemic's spread disrupted the market for polyethylene pipes and had a detrimental effect on the expansion of the market. This negative impact of COVID-19 will further challenge the polyethylene pipes market growth rate.
This polyethylene pipes market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the polyethylene pipes market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Polyethylene Pipes Market
The recent outbreak of coronavirus had a negative impact on the polyethylene pipes market. COVID-19's effects include a lack of materials and subcontractors, disruptions in the supply chain, and contract terminations in an effort to reduce costs. The polyethylene pipes market saw negative growth during the pandemic, but it is anticipated that it would pick up speed quickly once economic activity has resumed.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In March 2020, A collaboration agreement was formed by Oxford Flow Limited and GF Piping Systems, a GF business (UK). Utility firms can lessen water loss, a significant global issue, thanks to its inventive pressure-regulating valve. In accordance with the deal, GF will gradually acquire a 23 percent minority ownership in the business.
- In November 2020, A joint venture agreement was inked by the GF division GF Piping Systems with Cairo's Egypt Gas and Dubai's Corys Investments LLC (Egypt). To compete in the booming Egyptian gas and water distribution industry, the joint venture, in which GF will take the industrial lead, will invest in a new plastic pipe production facility.
Global Polyethylene Pipes Market Scope
The polyethylene pipes market is segmented on the basis of type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- High Density Polyethylene (HDPE)
- Cross Link Polyethylene
- Low Density Polyethylene (LDPE)
- Linear Low Density Polyethylene (LLDPE)
Application
- Underwater and Municipal
- Gas Extraction
- Construction
- Industrial
- Agriculture
- Others
Polyethylene Pipes Market Regional Analysis/Insights
The polyethylene pipes market is analyzed and market size insights and trends are provided by country, type and application as referenced above.
The countries covered in the polyethylene pipes market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the different industrial applications such as food and beverages, construction, oil and gas, and others within the region.
Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the increased benefits associated with their usage within the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Polyethylene Pipes Market Share Analysis
The polyethylene pipes market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to polyethylene pipes market.
Some of the major players operating in the polyethylene pipes market are
- FURUKAWA ELECTRIC CO., LTD (Japan)
- Halcor (Greece)
- Mueller Streamline Co. (U.S.)
- Aurubis AG (Germany)
- Cerro Flow Products LLC (U.S.)
- Cambridge-Lee Industries LLC (U.S.)
- H & H Tube (U.S.)
- Hailiang Group Reserves (China)
- KMCT (India)
- MM Kembla (Australia)
- Mehta Tubes Ltd. (India)
- Shanghai Metal (China)
- Small Tube Products (U.S.)
- Wieland (Germany)
- Brassco Tube Industries (India)
- Luvata (Finland)
Research Methodology: Global Polyethylene Pipes Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The stage includes the obtainment of market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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