The global High-Density Polyethylene (HDPE) pipe market size was USD 15.45 billion in 2022 and is expected to reach USD 23.76 billion in 2032, and register a revenue CAGR of 4.9% during the forecast period. Revenue growth of the High-Density Polyethylene (HDPE) pipe market is primarily driven by factors such as rising demand for HDPE pipes in the water supply and sewage systems, rising demand for HDPE pipes in the mining industry, and rising demand for HDPE pipes in the oil and gas industry.
Rising demand for HDPE pipes in the water supply and sewage systems is mainly attributed to the superior properties of HDPE pipes, such as high durability, corrosion resistance, and low maintenance requirements. In addition, the growing emphasis on improving water supply and sanitation infrastructure in developing countries is expected to raise the demand for HDPE pipes in the water supply and sewage systems.
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High-Density Polyethylene (HDPE) Market Segments:
The base year for estimation is 2021, with historical data spanning from 2019 to 2020. The forecast period for this report is from 2022 to 2030, and the quantitative units used are in USD million. The report provides coverage on various aspects including revenue forecast, company rankings, competitive landscape, growth factors, and trends. It also includes segments based on technology outlook, application outlook, end-use outlook, and regional outlook. The technology outlook segments comprise blow molding, pipe extrusion, and injection molding. The application outlook covers caps closures, geomembranes, tapes, sheet films, pipes tubes, wire cables, and others. The end-use outlook includes agriculture, building construction, automobile, packaging, food beverages (FB), and others. The regional scope of the report includes North America, Europe, Asia Pacific, Latin America, and the Middle East Africa.Top of Form
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High-Density Polyethylene (HDPE) Market Competitive landscape:
The global HDPE market has a fragmented competitive landscape, with numerous key players operating at both global and regional levels. These players are actively involved in product development and strategic alliances to expand their product portfolios and strengthen their position in the global market. Prominent companies in the market include Ineos, LyondellBasell Industries Holdings B.V., Exxon Mobil Corporation, Dow Inc., PetroChina Company Ltd, Braskem, Formosa Plastics Corporation, Reliance Industries Limited, Borealis AG, and Chevron Phillips Chemical Company LLC.
Market players have implemented various initiatives that contribute to the revenue growth of the market. For example, in August 2021, Braskem, a petrochemical company based in Sao Paulo, introduced a new polyethylene resin specifically designed for the packaging sector. This launch enables the company to meet the quality demands of the chemical and agrochemical markets. The resin offers essential properties such as rigidity, impact resistance, and environmental stress cracking resistance, thereby enhancing product safety in the packaging sector.
Similarly, in May 2021, LACTEL and INEOS collaborated to produce the world's first HDPE milk bottle using advanced recycling techniques that transform discarded plastic into new and high-quality polymers. LACTEL, as the first dairy brand to explore a solution for Ultra-High Temperature (UHT) milk bottles made from recycled materials, partnered with INEOS to achieve this milestone.
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