U.S (New York)– The “HDPE Pipes Market ” 2023 research report appears to cover various aspects of the market, including the strategies of top players, market segments, competitive landscape, manufacturing, and pricing structures. In this report, we will provide an in-depth analysis of the current state of the global HDPE Pipes Market , its key drivers and challenges, and its future prospects. This study contains research on market dynamics, such as SWOT, PESTLE, and Porter’s Five Forces analysis, as well as details about drivers, constraints, trends, and opportunities. These studies may assist in providing a thorough overview of the worldwide industry. Additionally, the key segments of the industry are evaluated according to their performance.
The global HDPE pipes market was valued at $17,907 million in 2017 and is projected to reach $26,518 million by 2025, growing at a CAGR of 5% from 2018 to 2025. High density polyethylene pipes (HDPE) are electrical conduit pipes made from polyethylene grade raw materials such as PE 63, PE 80, and PE 100. HDPE pipes are mediums for conveying and transporting chemicals, water, and gases. They are 6-8 times lighter than conventional pipes and are non-corrosive in nature, which make them suitable for water transportation. These characteristics make them applicable for numerous applications including flood irrigation, drip irrigation, portable water supply, and others.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
The increase in application of HDPE pipes in various end-use industries such as oil & gas, chemicals, and others is expected to boost the growth of the global HDPE pipes market. The rise in demand from water irrigation systems in agricultural industry further provides substantial growth to the global HDPE pipe market. Moreover, the growing sewage disposal infrastructure is expected to increase the demand for HDPE pipes. However, volatile raw material prices attributed to fluctuation in prices of crude oil is expected to restrain the growth of the overall market. Conversely, innovation and advancement in PE pipes are the factors expected to provide future growth opportunities to the HDPE pipes market.
The global HDPE Pipes market is segmented into type, application, and region. Based on type, the global HDPE pipes market is divided into PE 63, PE 80, and PE 100. Based on application, the market is classified into oil & gas pipe, agricultural irrigation pipe, water supply pipe, sewage system pipe, and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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The key players profiled in the report includeJM Eagle Inc., WL Plastics, Lane Enterprises, Inc., Prinsco, Inc., Uponor, Poly plastic group, Mexichem S.A.B. de C.V, United Poly systems, Radius system, and Blue Diamond Industries, LLC. These market players have adopted different business strategies, such as acquisition, product launch, merger, and partnership to stay competitive in the global HDPE pipes market. The other key players operating in the market include Canada Culvert, Inc. (WGI Westman Group, Inc.), Dura-Line Corp., IPEX Inc., Reliance Industries Limited, and Kanaflex Corporation Co., Ltd.
Key Benefits for HDPE Pipes Market :
Porter’s five forces analysis helps analyze the potential of buyers and suppliers and the competitive scenario of the industry for strategy building.
This report outlines the current trends and future scenario of the HDPE pipes market from 2018 to 2025 to understand the prevailing opportunities and potential investment pockets.
Major countries in each region are mapped according to their individual revenue contribution to the global/regional market.
The key drivers, restraints, and opportunities and their detailed impact analyses are elucidated in the study.
The profiles of the key players along with their key strategic developments are enlisted in the report.
KEY MARKET SEGMENTS
By Type
PE 63
PE 80
PE 100
By Application
Oil & Gas Pipe
Agricultural Irrigation Pipe
Water Supply Pipe
Sewage System Pipe
Others
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By Region
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
LAMEA
Brazil
South Africa
Saudi Arabia
Rest of LAMEA
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
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