Luton, Bedfordshire, United Kingdom, Sept. 15, 2022 (GLOBE NEWSWIRE) -- Exactitude Consultancy, the market research and consulting wing of Ameliorate Digital Consultancy Private Limited has completed and published the final copy of the detailed research report on the Polyolefin Pipe market.
The global Polyolefin Pipe Market size is projected to reach USD 27.14 billion by 2029 at a CAGR of 5.2% from USD 17.2 billion in 2021.
Polyolefins seem to be water-resistant and durable, so they last longer when exposed to the weather than other polymers. They are excellent electrical insulators, and they can become electrostatically charged. It becomes almost transparent to smudge-proof and determines the thickness of the polyolefins. Low-density polyolefins are suitable for wrapping applications due to their clarity. Polyolefins, such as HDPE, can be recycled and reused, which is less expensive than creating a new product from new plastic. Its high heat resistance can be used in both high temperatures and low.
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APAC is estimated to be the fastest-growing Polyolefin Pipe Market during the forecast period
Among China, Japan, South Korea, India, and Rest of APAC, China was the largest consumer of polyolefin pipe in the region as of 2020 in terms of value as well as volume. Low cost of raw materials as well as their ease of availability, along with the low cost of establishing production facilities are some of the major factors driving the Polyolefin Pipe Market in the region.
Building & construction segment is estimated to be the largest end-use industry
In the building & construction industry, pipes and fitting materials play an important role in performing the task of conveying fluids. Materials used for manufacturing pipes depend upon the type of fluid and the conditions under which they are conveyed. Fluids can be hazardous, reactive, volatile, corrosive, or flammable. The integrity of fluids is required to be maintained when they are conveyed under process conditions such as different temperatures and pressures and hence require pipe materials suitable for conveyance under such conditions.
Industrial application is projected to be the fastest-growing market for polyolefin pipes during the forecast period.
Polyolefin pipes are widely used in industrial applications wherein piping systems are exposed to harsh and extreme climatic conditions. Due to the flexible nature of PE, it expands with pressure surges, which increases the life of the pipeline and reduces maintenance costs.
Competitive Landscape and Polyethylene Pipe Market Share Analysis
The polyethylene pipe market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities.
The polyolefin pipe market key players include Agru, Gf Piping Systems, Advanced Drainage Systems, Chevron Phillips Chemical Company, Jm Eagle, Radius Systems, Aliaxis, Prinsco, Thai-Asia P.E. Pipe Co., Ltd., United Poly Systems, Future Pipe Industries, Wl Plastics, Aquatherm, Blue Diamond Industries.
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Key Market Segments: Polyolefin Pipe Market
Polyolefin Pipe Market by Type, 2022-2029, (USD Million)
Polyolefin Pipe Market by Application, 2022-2029, (USD Million)
Polyolefin Pipe Market by End Use Industry, 2022-2029, (USD Million)
Polyolefin Pipe Market by Region, 2022-2029, (USD Million)
• In 2021, the water plumbing pipes segment dominated the market with the largest market share of 41.23% and market revenue of 2.65 billion.
The application segment is divided into radiator connection pipes, water plumbing pipes, and underfloor surface heating & cooling. In 2021, the water plumbing pipes segment dominated the market with the largest market share of 41.23% and market revenue of 2.65 billion. This growth is attributed to the increasing investments in water infrastructure & the rising number of desalination plants.
• In 2021, the cross-linked polyethylene (PEX) segment dominated the market with the largest market share of 28.23% and market revenue of 1.81 billion.
The raw material segment is divided into polyethylene-raised temperatures (PE-RT), polybutylene (PB), polypropylene random copolymer (PPR), cross-linked polyethylene (PEX), and chlorinated polyvinyl chloride (C-PVC). In 2021, the cross-linked polyethylene (PEX) segment dominated the market with the largest market share of 28.23% and market revenue of 1.81 billion. This growth is attributed to the increasing product utilization for piping applications.
• In 2021, the residential segment dominated the market with the largest market share of 40.13% and a market revenue of 2.58 billion.
The end-user segment is divided into commercial, residential, and industrial. In 2021, the residential segment dominated the market with the largest market share of 40.13% and a market revenue of 2.58 billion. This growth is attributed to the rising demand for PVC pipes in multiple applications.
Driver: Sprinkler and drip irrigation provide good growth potential
Sprinkler irrigation is an advanced method of irrigation by which water is sprayed through nozzles connected to a network of pipes with water supplied under pressure. This method of irrigation has higher application and distribution efficiency and affects considerable savings of water. The development of sprinkler irrigation got a boost after the Second World War, and there has been a tremendous development of it, particularly in Europe and in the US. It serves nearly 45% of the irrigated area.
Restraint: Rising concerns pertaining to plastic disposal
Plastics are inexpensive, lightweight, and durable materials, which can readily be molded into a variety of products for a wide range of applications. Consequently, the production of plastics has increased significantly in the past 60 years. However, the current level of their usage and disposal generates several environmental problems. Nearly 4% of the global oil & gas production is used as feedstock for plastics, while 3%–4% is expended to provide energy for their manufacturing. A major portion of plastics produced each year is used to make disposable items that are discarded within a year.
Opportunity: Growing need of PO pipes for communication and cooking gas supplies
Home office and online commerce are pushing digitization. This upheaval in the economy seems to have very little to do with pipes at first glance. However, large sums are currently being invested in the expansion of fibre optic networks all across the globe.
Challenges: Climatic challenges to maintain pipes
During pipes and fittings installation it is important to consider the connection between temperature variations and the problems that may arise from them. The extreme climatic conditions influence both the laying process and the lifespan of the products but also their proper performance, thus causing problems for the entire system.
Have a Look at Exactitude Consultancy's Research Reports:
The global polyolefin powder market is expected to grow at 5% CAGR from 2022 to 2029. It is expected to reach above USD 13.81 billion by 2029 from USD 8.9 billion in 2020.
https://exactitudeconsultancy.com/reports/10319/polyolefin-powder-market/
The market for Polyolefin Catalysts was valued at USD 2.46 billion in 2020, and is predicted to reach at USD 3.91 billion in 2029 grow at a CAGR of 5.3 % over the forecast period from 2022-2029.
https://exactitudeconsultancy.com/reports/3342/polyolefin-catalyst-market
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