Advantages of HDPE pipes over GI & CI pipes and its chemically inert properties make the pipes suitable for several end-use industries. Wider product home in terms of grade, length, and diameter of the pipes also contributes significantly to plug growth globally. The supply of pipes in several lengths and diameters assists in minimizing the amount of joints and simplifies installations of such pipes.
New York, NY -- (SBWIRE) -- 02/25/2020 -- Market Industry Reports (MIR) has published a new report titled "HDPE Pipes - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030." According to the report, the global HDPE pipes market was estimated to account for over US$ 19.0 billion by 2019. The market is anticipated to grow at a CAGR of 4.75% from 2019 to 2030.
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Major key Players:
Dow, Prinsco Inc., Jm Eagle, Inc, Orbia, Radius Systems Ltd, Reliance Industries Limited, Dynaflex Pipe Technologies, Blue Diamond Industries, Llc., Kanaflex Corporation Co., Ltd., And United Poly Systems, Among Others.
HDPE Pipes market Segmentation:
Type:
PE 63, PE 80, and PE100
Application:
Agricultural Irrigation, Oil & Gas, Water Supply, and Drainage & Sewage
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Region:
North America, Europe, Asia Pacific, and the Rest of the World (ROW)
Key Market Trends:
- The adoption of latest technologies within the HDPE Pipes market requires highly skilled and qualified laborers. the shortage of data about operating these technologies and continual depletion of natural resources caused by extensive mining activities are few of the main factors restraining the expansion of the market.
- This report gives a broad investigation of this and developing mining computerization advertise patterns and elements.
- Top to bottom mining robotization advertise investigation is led by developing business estimations for the key market fragments somewhere within the range of 2019 and 2030.
- Broad examination of the market is directed by following key item situating and checking the highest contenders inside the market system.
- The worldwide mining mechanization showcase figure investigation from 2019 to 2030 is remembered for the report.
- Key players working within the worldwide market are profiled immediately , their techniques are investigated altogether, which help to grasp the intense standpoint of the mining mechanization industry.
However, fluctuations in petroleum & oil prices, stringent regulations associated with the manufacture of plastic pipes and high flammability of HDPE may hinder market growth globally. Furthermore, high thermal expansion property of HDPE including its high flammability renders these pipes unsafe to be used in various industrial applications.
The global HDPE pipes market will witness healthy growth in the coming years owing to several factors such as increasing applications of HDPE pipes in various end-use industries, cost-effectiveness when compared with CI & GI pipes and growing urbanization at global level. Urbanization and industrialization are expected to propel the demand for HDPE pipes in water & fluid supply, drainage & sewage systems, electrical & communications conduit, and other applications.