Polyethylene Pipes Global Market Report 2024

Polyethylene pipes are constructed from a thermoplastic material formed by polymerizing ethylene. They come in sizes ranging from 12" to 63" and are commonly used in applications such as potable water service or distribution lines, natural gas distribution, and other pipelines. Polyethylene pipes can withstand relatively low temperatures without the risk of brittle failure.

Polyethylene pipes come in several types, such as high-density polyethylene (HDPE), cross-link polyethylene, low-density polyethylene (LDPE), and linear low-density polyethylene (LLDPE). HDPE, a versatile thermoplastic polymer derived from petroleum, stands out for its exceptional tensile strength and excellent strength-to-density ratio. These pipes find applications in underwater and municipal projects, gas extraction, construction, industrial settings, agriculture, and more.

The polyethylene pipes market research report is one of a series of new reports from The Business Research Company that provides polyethylene pipes market statistics, including polyethylene pipes industry global market size, regional shares, competitors with polyethylene pipes market share, detailed polyethylene pipes market segments, market trends, and opportunities, and any further data you may need to thrive in the polyethylene pipes industry. This polyethylene pipes market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The polyethylene pipes market size has grown strongly in recent years. It will grow from $9.31 billion in 2023 to $9.9 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth observed in the historical period can be attributed to several factors, including infrastructure development projects, an increase in construction activities, the replacement of aging pipelines, initiatives focused on water conservation, and the adoption of cost-effective materials.

The polyethylene pipes market size is expected to see strong growth in the next few years. It will grow to $12.65 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The anticipated growth in the forecast period can be attributed to various factors, including the expansion of gas distribution networks, the implementation of renewable energy projects, growing urbanization and infrastructure needs, increased attention to water and wastewater management, and a global push for the usage of plastic pipes. Key trends expected during this period include a heightened focus on renewable energy projects, an emphasis on leak detection and prevention in distribution networks, increased investments in research and development, and the integration of advanced technologies in the industry.

The increasing focus on wastewater treatment and water infrastructure is set to drive the demand in the polyethylene pipes market. Wastewater treatment and water infrastructure involve the processes aimed at transforming wastewater into environmentally safe water. Polyethylene pipes are particularly favored for drainage in residential sewage treatment projects due to their attributes such as high manufacturing capacity, smooth surface walls, flexible connections, minimal leakage, portability, simplicity in construction, and cost-effectiveness. For example, a report by The International Trade Administration (ITA) in July 2022 highlighted the growth of Australia's water and wastewater treatment sector, reaching an estimated market size of $1,410 million in 2022. This growth is indicative of a sustained commitment to addressing water challenges, with initiatives such as government funding for new projects and the establishment of the $2.5 billion National Water Grid Fund. Consequently, the increasing focus on wastewater treatment and water infrastructure is expected to propel the growth of the polyethylene pipes market.

The surge in demand for polyethylene pipes is closely tied to the rise in residential construction projects. Residential construction projects encompass the planning, design, and construction of housing units for individuals or families. The polyethylene pipes market plays a crucial role in supporting the growth of residential construction by providing durable and efficient piping solutions essential for modern infrastructure development. In October 2021, a report by Oxford Economics projected a 42% growth in global construction output, reaching $15.2 trillion by 2030, with a significant contribution from a surge in residential construction projects. North America and Western Europe are expected to experience notable growth, with North America anticipating a 32% increase, adding $580 billion by 2030, and Western Europe forecasted to grow by 23%, reaching a construction output of $2.5 trillion in 2030. Therefore, the increasing demand for polyethylene pipes is intricately linked to the rise in residential construction projects, driving the overall growth of the polyethylene pipes market.

Technological innovation stands out as a key trend gaining traction in the polyethylene pipes market. Leading players in this sector are strategically focusing on technological advancements to maintain their competitiveness. One notable example is SABIC, a Saudi Arabia-based chemical manufacturing company, which introduced groundbreaking technology in September 2021. With the incorporation of BiAx stretching technology alongside polyethylene (PE) and polypropylene (PP), SABIC is enabling the creation of a new generation of lightweight, stronger, and more energy- and cost-efficient pipe systems. The BiAx Pipe technology by SABIC represents a significant advancement, delivering substantial improvements in various performance criteria for polyethylene pipes.

Prominent companies in the polyethylene pipes market are directing their efforts towards introducing innovative products, such as reinforced thermoplastic pipe technology, offering a superior option both economically and environmentally. Reinforced thermoplastic pipe technology involves utilizing thermoplastic materials fortified with structural reinforcements to develop a durable and corrosion-resistant piping system suitable for diverse industrial applications. As an illustration, in July 2023, Baker Hughes, a US-based energy technology company, launched PythonPipe featuring advanced co-extruded liner technology. PythonPipe ensures enhanced durability and reduced permeability, providing a cost-effective and environmentally sustainable alternative in the polyethylene pipes market. Boasting up to 60% faster installation, one-fifth the cost of comparable steel, and a 75% reduction in carbon emissions, PythonPipe addresses various market needs, presenting an appealing solution for companies seeking durable and eco-friendly options.

In February 2022, SIMONA AG, a Germany-based company specializing in plastic pipes manufacturing, acquired PEAK Pipe Systems Limited for an undisclosed amount. This acquisition aligns with SIMONA Group's strategy realignment, placing a strong emphasis on applications and significantly expanding the Group's product offering in the UK. PEAK Pipe Systems Limited, based in the UK, is engaged in the manufacturing of plastic pipes, PE pipes, and PE fabrication.

Major companies operating in the polyethylene pipes market report are Kubota ChemiX Co. Ltd., Flying W Plastics Inc., Applied Plastics Co., Inc., Furukawa Electric Co. Ltd., Wavin B.V., Contech Engineered Solutions, Polyplastics Co. Ltd., Jain Irrigation Systems Ltd., Genuit Group, Pipelife International GmbH, COSMOIND Co. Ltd., Cangzhou Mingzhu Plastic Co. Ltd., NewAge Industries, WL Plastics Corp., Olayan Group, Asahi/America Inc., Blue Diamond Industries, Pacific Corrugated Pipe Ltd., Chemtrol Industries Private Limited, Nandi Group, Compressed Air Systems, Inc., Speed Field Services, Lane Enterprises Inc., Dura-Line India Pvt. Ltd., Tianjin Junxing Pipe Group Co. Ltd., Ginde Pipe, Maanshan Goody Plastic Co. Ltd., Kazanorgsintez PJSC, IPEX USA LLC, CertainTeed Corporation

North America was the largest region in the polyethylene pipes market share in 2023. The regions covered in the polyethylene pipes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the polyethylene pipes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The polyethylene pipes market consists of sales of low-pressure polyethylene pipe, medium-pressure polyethylene pipe, and gas pipes. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Polyethylene Pipes Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on polyethylene pipes market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for polyethylene pipes ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The polyethylene pipes market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of covid 19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Type: High Density Polyethylene (HDPE); Cross Link Polyethylene; Low Density Polyethylene (LDPE); Linear Low Density Polyethylene (LLDPE)
• 2) By Application: Underwater and Municipal; Gas Extraction; Construction; Industrial; Agriculture; Other Applications
• Companies Mentioned: Kubota ChemiX Co. Ltd.; Flying W Plastics Inc.; Applied Plastics Co., Inc.; Furukawa Electric Co. Ltd.; Wavin B.V.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.