Polyethylene Pipes & Fittings Market Report Overview
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The global polyethylene pipes & fittings market size was USD 32160 million in 2022, as per our research, the market is expected to reach USD 50314.95 million in 2031, exhibiting a CAGR of 5.1% during the forecast period.
The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels once the pandemic is over.
Polyethylene pipes & fittings offers flexible and durable solutions for a wide range of applications. The piping is resistant to corrosion in all ground conditions. The pipes allow to withstand ground movements. PE pipes can be either transition couples to connect the pipes together flange or directly connected.
The market is estimated grow significantly owing to growing adoption of the product in oil & gas, agricultural, sewage, and several other applications. It is flexible, durable, economic benefits, and resistance to abrasion. These advanced features of the product are anticipated to fuel market growth. Increased government regulations and huge need to advanced equipment among end-user is expected to surge market growth. Increased demand for several applications such as drip irrigation, leach mining, and others are estimated to fuel market growth. The pipes and fittings are used to carry and transport water, chemical, and gases. Rapid development in construction sector and growing need to effective sewage systems which is anticipated to fuel market growth. Extensive usage of pipes in drain-waste-vents such as water service lines, sewers, water mains, industrial installations, and conduits is expected to drive market progress. Growing innovations and technological advancements is estimated to fuel market growth. On the contrary, volatile prices of raw materials and fluctuation in prices of crude oil and others are anticipated to limit market growth in the coming years.
COVID-19 Impact: Lower Demand and Closure of Several Construction Sector to Limit Market Growth
Closure of several construction sector and halt in industrial activities hamper market growth. The market witnessed several challenges due to lockdown restrictions and lower need for the product among population due to several regulations by governments to affect market growth.
LATEST TRENDS
"Rapid Innovations and Technological Advancements to Fuel Market Growth "
The increased need for innovative equipment and ongoing R&D activities is anticipated to fuel market growth. Availability of advanced production technologies and growth in agricultural sector is anticipated to fuel market growth. The equipment has good aesthetic feel, appeal, and finish, which is expected to attract more customer’s day by day. Polyethylene pipes & fittings offers flexible and durable solutions for a wide range of applications. The piping is resistant to corrosion in all ground conditions. The pipes allow to withstand ground movements. PE pipes can be either transition couples to connect the pipes together flange or directly connected. These advanced features and qualities associate with the product is anticipated to accelerate market growth.
Polyethylene Pipes & Fittings Market Segmentation
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- By Type
Based on type, the market is divided into HDPE Pipe, PE-RT Pipe, MDPE Pipe, PEX Pipe, LDPE Pipe, PE heat fusion fittings, and PE electrofusion fittings.
PE heat fusion fittings are expected to be the top part of type segmentation.
- By Application
Based on the application, the market is divided into sewage systems, water supply, oil and gas, residential, agricultural applications, manufacturing, HVAC, and others.
Sewage systems are expected to be the top part of application segmentation.
DRIVING FACTORS
"Several Advantages of the Product to Accelerate Market Progress"
The several advantages and huge applications of the product among end-user, which is anticipated to drive market growth. The pipes are an important instrument which is used to carry out gases and fluid with high parameter constraints such as high pressure, high temperature, and heavy flow, which is anticipated to accelerate market growth. The rise in need for water supply, sewage management, and piping and fittings, and others, which is anticipated to accelerate market growth in the forthcoming years. Increased demand for population throughout the rise in urbanization is expected to surge polyethylene pipes & fittings market growth in the upcoming years.
"New Infrastructural Construction Projects to Surge Market Growth "
The increased need for new infrastructural construction projects, which is anticipated to accelerate market growth. The main focus to enhance manufacturing processes and rise in demand for piping and fittings in several constructions, residential, oil & gas, and others are predicted to drive market growth in the coming years. Rise in investments in research and development and huge need to design proper drainage systems is predicted to fuel market growth in the coming years.
RESTRAINING FACTORS
"Volatile Prices of Raw Materials and Fluctuation in Prices of Crude Oil to Hamper Market Growth"
Volatile prices of raw materials and fluctuation in prices of crude oil and others are anticipated to limit market growth in the coming years.
Polyethylene Pipes & Fittings Market Regional Insights
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"Increased Number of Infrastructural Projects in Asia Pacific to Drive Market Share "
Asia Pacific is estimated to witness significant polyethylene pipes & fittings market share owing to deployment of several infrastructural projects. Growing need for rain water harvesting and rise in investments by several market players. Growing adoption of the product in oil & gas, agricultural, sewage, and several other applications. It is flexible, durable, economic benefits, and resistance to abrasion. These advanced features of the product are anticipated to fuel market growth. Increased government regulations and huge need to advanced equipment among end-user is expected to surge market growth. Increased demand for several applications such as drip irrigation, leach mining, and others are estimated to fuel market growth. The pipes and fittings are used to carry and transport water, chemical, and gases. Rapid development in construction sector and growing need to effective sewage systems which is anticipated to fuel market growth. Extensive usage of pipes in drain-waste-vents such as water service lines, sewers, water mains, industrial installations, and conduits is expected to drive market progress.
KEY INDUSTRY PLAYERS
"Leading Players Adopt New Strategies to Stay Competitive"
The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.
List of Market Players Profiled
- JM Eagle
- ADS
- Aliaxis
- LESSO
- Chevron Phillips Chemical
- WL Plastics
- Wavin
- Chinaust Group
- Cangzhou Mingzhu
- Dura-Line
- Zhejiang Weixing
- Junxing Pipe
- Shandong Vicome Pipe
- Ginde Pipe
- POLYPLASTIC Group
- Pipelife International
- Lane Enterprises
- Prinsco
- Polypipe
- Contech Engineered Solutions
- Jain Irrigation Systems
- Goody
- Kazanorgsintez
- Kangtai Pipe Industry
- Flying W Plastics
- Kubota ChemiX
- COSMO I&D
- Pacific Corrugated Pipe
- Nandi Group
- Blue Diamond Industries
- Olayan Group
- Nan Ya Plastics
- Hsiung Yeu Enterprise
REPORT COVERAGE
This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 32160 Million in 2022 |
Market Size Value By |
US$ 50314.95 Million by 2031 |
Growth Rate |
CAGR of 5.1% from 2022 to 2031 |
Forecast Period |
2023-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Segments Covered |
Type and Application |
Regional Scope |
Global |
Frequently Asked Questions
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What value is polyethylene pipes & fittings market expected to touch by 2031?
The global polyethylene pipes & fittings market size is expected to reach USD 50314.95 million in 2031.
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What CAGR is polyethylene pipes & fittings market expected to exhibit by 2031?
The polyethylene pipes & fittings market is expected to exhibit a CAGR of 5.1% by 2031.
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Which are the driving factors of the polyethylene pipes & fittings market?
The driving factors of the polyethylene pipes & fittings market are several advantages of the product and new infrastructural construction projects.
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Which are the key player or most dominating companies functioning in the polyethylene pipes & fittings market?
JM Eagle, ADS, Aliaxis, LESSO, Chevron Phillips Chemical, WL Plastics, Wavin, Chinaust Group, Cangzhou Mingzhu, Dura-Line, Zhejiang Weixing, Junxing Pipe, Shandong Vicome Pipe, Ginde Pipe, POLYPLASTIC Group, Pipelife International, Lane Enterprises, Prinsco, Polypipe, Contech Engineered Solutions, Jain Irrigation Systems, Goody, Kazanorgsintez, Kangtai Pipe Industry, Flying W Plastics, Kubota ChemiX, COSMO I&D, Pacific Corrugated Pipe, Nandi Group, Blue Diamond Industries, Olayan Group, Nan Ya Plastics, and Hsiung Yeu Enterprise are the key player or most dominating companies functioning in the polyethylene pipes & fittings market.