New York (US), Sept. 12, 2023 (GLOBE NEWSWIRE) -- Polyethylene Pipes Fittings Market Overview
According to a Comprehensive Research Report by Market Research Future (MRFR), “Polyethylene Pipes Fittings Market Information By Type, Application, End User, and Region - Forecast till 2032” "The Polyethylene pipes fittings industry is expected to go from USD 14.6 Billion in 2023 to USD 22.50 Billion by 2032, with a 5.50% CAGR between 2023 and 2032.
Market Scope
In the modern world, polyethylene is the most common plastic. The linear, synthetic material is also known as polythene. Polyethylene is often a blend of ethylene polymers with comparable chemical structures (C2H4). High-density polyethylene (HDPE) is the most widely used kind of polyethylene, however, there are other types as well. Extrusion is used in the production of PE pipes, and injection is used in the manufacture of fittings. Taking into account all the variables and the material's quality, the production process of polyethylene pipes and fittings is managed in a logical, routine, and computerized setting.
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Market Competitive Landscape:
The important developers of polyethylene pipes and fittings include
- JM Eagle
- Chevron Phillips Chemical Company
- Aliaxis
- WL Plastics
- Jain Irrigation Systems
- Pipelife International
- Nandi Group
- Blue Diamond Industries
- National Pipe & Plastics
- Kubota ChemiX
- FLO-TEK
- Olayan Group
- Pexmart
- LESSO
- Cangzhou Mingzhu
- Junxing Pipe
- Ginde Pipe
- Chinaust Group
- Bosoar Pipe
- Newchoice Pipe
- Shandong Shenbon Plastics
- Jinniu Power Industry Science and Technology
- Qingdao Yutong Pipeline
- HongYue Plastic Group
- Especially Nick Tube
- ARON New Materials
- Zhejiang Weixing
- Among others.
Report Scope:
| Report Attribute | Details |
| Market Size 2032 | USD 22.50 Billion |
| Compound Annual Growth Rate (CAGR) | 5.50% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Forecast Units | Value (USD billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Type, Application, End -user and Region |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Market Drivers | Increasing demand for water |
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Market USP Covered:
Market Drivers:
The mounting need for polyethylene pipes and fittings across a range of industries can largely be attributed to their many advantageous features. These advantages have elevated polyethylene's popularity and strengthened its market dominance.
The industry is significantly impacted by another important feature of polyethylene pipes: their light weight. These pipes are much easier to handle, transport, and install than their metal equivalents because of their reduced weight. The smaller weight makes installation simpler and eliminates the need for heavy machinery, which expedites project completion and decreases labor costs. Efficiency is a crucial factor in infrastructure projects, thus this characteristic is particularly significant, which has increased demand for polyethylene pipes in the construction and other industries.
A significant characteristic that appeals to a variety of applications and supports the market's expansion is flexibility. Polyethylene pipes can adapt to shifting ground and variations in topography because they are naturally flexible, maintaining their structural integrity. Since this flexibility leads to fewer instances of pipe fractures and leaks, the general reliability of water distribution and other systems is enhanced. Because of their ability to withstand ground movements and seismic activity, polyethylene pipes are best suited for areas subject to geological instability.
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Polyethylene needs to be chemically resistant, especially for applications that call for severe chemicals. Since they can handle a variety of chemicals, acids, and alkalis, these pipes are crucial for businesses handling hazardous goods. Industries including chemical processing, wastewater treatment, and industrial manufacturing are becoming more and more dependent on polyethylene pipes to safeguard the security of their operations and personnel.
Due to increased environmental consciousness and concerns about sustainability, the market for polyethylene pipes and fittings has experienced significant growth. These pipes are recyclable and have a lower carbon impact than certain other materials. As sustainability gains importance in modern infrastructure and construction projects, polyethylene pipes' eco-friendliness fits in well with industry trends and laws. This elevates the market for Polyethylene pipes and fittings' revenue.
Market Restraints
The potential barriers obstructing the overall market range from fluctuating crude oil prices to volatile prices for raw materials. However, improvements in polyethylene pipe technology and mergers and acquisitions offer promising growth prospects.
COVID 19 Analysis
The substantial impact of the COVID-19 outbreak on global production, trade, and supply chains for minerals and chemicals has been observed by MRFR experts. The COVID-19 pandemic decreased the supply of polyethylene because production facilities had to be shut down or run at inefficient levels to stop the coronavirus from spreading. Manufacturing has also been slowed down by a shortage of raw materials as a result of supply disruptions brought on by border and trade restrictions.
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Market Segmentation
By Type
The types of polyethylene pipe fittings are Low-Density Polyethylene (LDPE), Linear Low-Density Polyethylene (LLDPE), High-Density Polyethylene (HDPE), and more.
By Application
The key applications of polyethylene pipe fittings include Water Supply, Oil and Gas, Sewage Systems, Agricultural Applications, and others.
By End User
Top market end-users are Building and Construction, the Oil and gas Industry, Municipal, Electronics and telecom, and Agriculture.
Regional Insights
In 2022, the worldwide market was headed by North America (45.80%). Many cities and towns in North America need to rebuild and modernize their water and sewage infrastructure. Polyethylene pipes and fittings offer an affordable solution for these projects since they are simple to integrate into existing systems and offer superior durability and corrosion resistance compared to traditional materials.
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