Polyethylene (PE) is a thermoplastic material produced from the polymerization of ethylene. Polyethylene pipes market is segmented on the type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
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On the basis of type, the polyethylene pipes market is segmented into (HDPE) High density polyethylene, cross link polyethylene, (LDPE) low density polyethylene, (LLDPE) linear low density polyethylene. Based on application, the polyethylene pipes market is segmented into underwater & municipal, gas extraction, construction, industrial, agriculture, others.
Uses & Applications of PE pipes:
PE pipe offers distinct advantages as a piping material:
· Light weight
· Flexibility
· Chemical resistance
· Overall toughness
· Longevity
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These benefits make it an ideal piping material for a broad variety of applications such as potable water service or distribution lines, natural gas distribution, lawn sprinklers, sewers, waste disposal, and drainage lines. PE materials are generally resistant to most ordinary chemicals.
Polyethylene can be used in low temperatures without risk of brittle failure. Thus, a major application for certain PE piping formulations is for low-temperature heat transfer applications such as radiant floor heating, snow melting, ice rinks, and geothermal ground source heat pump piping.
Growth of PE pipe Market:
Polyethylene pipes market is estimated to grow at growth a rate of 4.8% for the forecast period of 2020 to 2027. Market is driven by trend of repairing and replacing existing piping systems for municipal piping systems which has been obsolete.
Ongoing rehabilitation and construction of old or obsolete municipal pipe systems will drive the growth of the market, easy installation, resistant, low cost and flexible and over traditional materials will also drive the growth of the market. Polyethylene pipes market is segmented by application into underwater and municipal, gas extraction, construction, industrial, agriculture and others, where underwater and municipal segment is dominating the market with 38.6% market share, as in the growth of the industrial production as well as rapid urbanization will create growth opportunities for polyethylene pipes market in the forecast period of 2020-2027.
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Owing to the increasing application of HDPE pipes in various end use industries, the market for HDPE pipe is expected to witness substantial growth. The growth 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 increase in 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 is expected to hamper the market growth. Conversely, innovation and technological advancements in PE pipe provide future growth opportunities to the HDPE pipes market.
Global HDPE Pipes Market: Regional Analysis:
The global HDPE pipes market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world (RoW). In 2017, North America accounted for the largest share in the overall market and will continue to dominate the market till 2023. US held the largest market share in the North America HDPE pipes market.
Asia-Pacific holds a sizeable share in the market after North America. The region has witnessed a rise in agricultural and industrial activities as well as oil and gas exploration activities. This is expected to fuel the demand for HDPE pipes in Asia-Pacific during the forecast period.
Conclusion:
The project report by NPCS on PE pipes is very valuable it gives detailed information about the market potential, characteristics of the products and the forecasted growth about the product. All the information provided in the project reports have been taken from the reliable resources.
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