Global Polyolefin Pipes market research 2024, Forecast To 2033
4 Mar, 2024
The polyolefin pipes market size has experienced significant growth in recent years, ascending from$19.11 billion in 2023 to$20.28 billion in 2024, reflecting a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to infrastructure development, replacement of aging pipelines, chemical industry usage, and the demand from the oil and gas sector for sustainable solutions. Looking ahead, the polyolefin pipes market is poised for continued expansion, reaching$25.67 billion in 2028, with a compound annual growth rate (CAGR) of 6.1%. This growth in the forecast period can be attributed to global economic factors, infrastructure investments, water management initiatives, urban development, and pipeline rehabilitation. Major trends in the forecast period include global economic trends, material advantages, market competition and innovation, quality and standards compliance, and government initiatives.
Global Polyolefin Pipes Market Key Driver
The polyolefin pipes market is anticipated to witness growth propelled by the expansion of sprinkler and drip irrigation systems. With water scarcity becoming a pressing concern, sprinkler and drip irrigation methods are gaining popularity for their efficiency in water usage and agricultural productivity. Governments, such as in India, are actively promoting the adoption of drip and sprinkler irrigation, thereby creating a substantial demand for polyolefin pipes known for their durability and corrosion resistance. Hence, the growth of sprinkler and drip irrigation systems serves as a key factor driving the demand for polyolefin pipes.
Get A Free Sample Of The Global Polyolefin Pipes Market ReportGlobal Polyolefin Pipes Market Segments
The global polyolefin pipes market covered in this report is segmented –
1) By Type: Polypropylene Pipes (PP), Polyethylene Pipes (PE), Plastomer
2) By Application: Irrigation, Potable And Plumbing, Wastewater Drainage, Power And Communication, Industrial Application, Chemical Transportation, Other Applications
3) By End-Use: Building And Construction, Agriculture, Industrial, Other End-Users
By Geography: The regions covered in the polyolefin pipes market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
North America was the largest region in the polyolefin pipes market in 2023. The regions covered in the polyolefin pipes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Polyolefin Pipes Industry Players
Agru Kunststofftechnik Gesellschaft GmbH, Advanced Drainage Systems Inc., Aliaxis Group SA, Aquatherm GmbH, Blue Diamond Industries LLC, Chevron Phillips Chemical Company LLC, FPI Industries Pvt. Ltd., Georg Fischer Piping Systems Ltd., JM Eagle Inc., Nan Ya Plastics Corporation, POLYPLASTIC Group Ltd., Prinsco Inc., Radius Systems Pvt. Ltd., Thai-Asia PE, United Poly Systems LLC, WL Plastics Corp., Armtec Inc., Charter Plastics Inc., Infra Pipe Solutions Pvt. Ltd., Pars Ethylene Kish Co., Pipeline Plastics LLC, TeraPlast SA, Vesbo Piping Systems, Borealis AG, Abu Dhabi Polymers Co. Ltd., China Lesso Group Holdings Ltd., Chinaust Group, Egeplast AS, Enaplast International Ltd., Finolex Industries Ltd., Foshan Rifeng Enterprise Co. Ltd., HakaGerodur AG, Hurner-Funken GmbH, IPEX Inc., KWH Pipe Ltd., Nupi Industrie Italiane S.p.A., Sekisui Chemical Co. Ltd.
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Polyolefin Pipes Market Overview
Polyolefin pipes refer to thermoplastic water supply pipes made from ethylene that has been polymerized. Polyolefin pipes are generally originated from a small set of simple olefins. These are used for the distribution of water and gas and the disposal of sewage and wastewater.
Polyolefin Pipes Global Market Report 2023 provides data on the global polyolefin pipes market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The polyolefin pipes market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.