HDPE Pipes Market

HDPE Pipes Market Outlook (2022 to 2032)

High-density polyethylene (HDPE) is a popular choice for pipes because it is lightweight, durable, and corrosion-resistant. It is also non-toxic and has excellent chemical resistance, making it ideal for transporting potable water and other liquids.

In 2020, the average global price of HDPE was valued at USD 837 per metric ton. In 2022, this price reached USD 1216 dollars per metric ton. This price rise is due to an increase in global demand. The multivariate usage potential of this material attracts more demand.

HDPE is used to make food packaging materials such as plastic bags, containers, and bottles. It is also used to make lids and seals for food containers. Furthermore, the material is good to make containers for storing and transporting chemicals. It is also used to make tanks and pipes for chemical processing.

The market value was USD 17 billion in 2022. The market is anticipated to grow with a CAGR of 6% in the forecast period. Furthermore, this market is estimated to cross the valuation of USD 30.44 billion by end of 2032. The forecast duration of this report is 2022- 2032.

Report Attributes	Details
Market size (2022 A)	USD 17 billion
Base Year for Estimation	2022
Forecast duration for this research	2022-2032
Forecasted Market value (2032 F)	USD 30.44 billion
Global Market Growth rate (2022-2032 E)	CAGR of 6%
Key Companies Profiled	JM Eagle Inc. Polyplastic Group IPEX Inc. Radius system Lane Enterprises, Inc. Prinsco, Inc. Blue Diamond Industries, LLC Uponor Oyj United Poly Systems Mexichem WL Plastics Dura-Line Corp.

What makes high-density polyethylene good for pipes?

HDPE pipes are flexible plastic pipes used for various applications such as rural irrigation, gas mains, water mains, slurry transfer lines, drainage system pipelines, electrical and communication system conduits, etc. these are composed of thermoplastic polymer HDPE, which has high levels of water resistance. It has a strong molecular bond appropriate for high-pressure pipelines.

These pipes are used regularly in gas pipelines because the weight of these pipes is lower and it is highly corrosion resistant. HDPE pipes are also a highly durable material and cost-effective. This pipe is flexible and durable and it can be bent 25 times to the normal pipe diameter.

The following are key properties that make it an ideal pipe material -

• Anti-corrosive- In contrast to ductile iron and concrete wastewater systems, HDPE piping systems are resistant to the damaging effects of corrosion and tuberculation. Additionally, HDPE is resistant to other corrosive or dangerous substances, such as scaling and organic impurities like fungi, bacteria, and other microorganisms.
• Durability- In sewer force mains, these resist wear from water hammer and surge occurrences. Additionally, HDPE pipe is abrasion resistant, protecting it from wear and tear throughout the course of its service life from slurries and flowing water.
• Free from Leakage- Heat fusion, as opposed to traditional bell and spigot couplings, is used to link HDPE pipes together, producing a welded, leak-free union. This leak-free system's joints stop infiltration and exfiltration, making the pipe system genuinely hygienic.

What are the key drivers of this industry?

The rapid growth in urbanization has surged demand for the development of water infrastructure to meet urban needs. These systems include diversions of surface water, wells, pumps, transmission pipelines and canals, storage and treatment facilities, and components of distribution networks.

Due to the continuous demand for water infrastructure in all developing regions, the market is bound to grow. Developing countries are aggressively working on the development of their sewage system, thus the demand for HDPE pipes has also increased. As they offer various advantages such as it is light in weight, having a long lifecycle, providing flexibility, being resistant to corrosion and they offer leak-free coverage. Further, the development of the sewage removal infrastructure is foreseen to decidedly affect the development of the market.

In recent decades, HDPE has emerged as the perfect piping option for both public and private sewer and wastewater systems. The optimal, low-maintenance investment for any municipal or private sewer owner, HDPE sanitary sewage pipe eliminates these problems and has a service life of 100 years, unlike more conventional materials like concrete, ductile iron, or PVC, which are vulnerable to corrosion, fatigue, and chemical assault.

Another driver for the industry is demand from the oil and gas sector. The global demand for crude oil is anticipated to grow which is further likely to foster demand for durable oil transport pipes. HDPE can be an alternative for steel pipes to carry oil and gas. The cost-effectiveness makes HDPE offset the steel market. these pipes are high in tensile strength and easy to handle which makes advantages to manufacturers that reduce the cost of further maintenance.

Regional Insights

The market is anticipated to grow in Asian Pacific regions as the majority of countries in these regions are agrarian economies that are heavily dependent on irrigation facilities for farm water supply. Apart from agriculture the industrial developments and growth of urban infrastructure in developing countries in this region are anticipated to open lucrative market opportunities for players in the forecast period.

Among Asian markets countries with high populations like India and China are anticipated to increase water demand for municipal and domestic, Industrial, and Agricultural purposes in the forecast period and are likely to offer a plethora of business opportunities for HDPE vendors.

The European markets anticipated taking time to gain sufficient share in these markets. The European industry’s demand for water is estimated to increase by around 100 billion cubic meters by 2030 which is estimated to have scope for HDPE manufacturers to prepare for projected demand with production, promotion, and expansion strategies in leading countries like Germany, France, and the United Kingdom.

Recent Development

• In November 2021, Polyplastic Group ltd, have tested HM0369PE a grade of HDPE pipes for long-term hydrostatic strength, and allowed the company to pass compliance PE 100 standard made for high-quality HDPE pipes.
• In March 2022, the Polyplastic group joined hands with Russia’s largest pipe manufacturers – the SMIT group with intention of increasing supply chain networks and restructuring marketing and production assets.
• In June 2022, Atkore Inc. acquired United Poly Systems, with the acquisition company intending to expand manufacturing capacity and meet customer needs.

Key Segments of HDPE Pipes Industry Research

• By Product Type :

  • PE80
  • PE63
  • PE100RC
  • PE100
  • Others

• By Application Type :

  • Agriculture & Irrigation
  • Sewage System
  • Water Supply
  • Oil & Gas
  • Others

• By Regions :

  • North America
    • U.S.
    • Canada
  • Latin America
    • Mexico
    • Brazil
  • Europe
    • Germany
    • Italy
    • France
    • U.K
    • Spain
    • Russia
  • South Asia
    • India
    • ASEAN
  • East Asia
    • China
    • Japan
    • South Korea
  • Middle East and Africa
    • GCC Countries
    • S. Africa
    • Northern Africa