The polyolefin pipes global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Polyolefin Pipes Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The polyolefin pipes market size has grown strongly in recent years. It will grow from <b>$19.11 billion in 2023 to $20.28 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. </b> The growth in the historic period can be attributed to infrastructure development, replacement of aging pipelines, chemical industry usage, oil and gas sector demand, sustainable solutions.
The polyolefin pipes market size is expected to see strong growth in the next few years. It will grow to <b>$25.67 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. </b> The growth in the forecast period can be attributed to global economic factors, infrastructure investments, water management initiative, urban development, pipeline rehabilitation. Major trends in the forecast period include global economic trends, material advantages, market competition and innovation, quality and standards compliance, government initiatives.
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Scope Of Polyolefin Pipes Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Polyolefin Pipes Market Overview
Market Drivers –
The growth of sprinkler and drip irrigation is expected to drive the polyolefin pipes market. Sprinkler irrigation is a sophisticated form of irrigation where the water is delivered under pressure and sprayed through nozzles attached to a network of pipes. Sprinkler and drip irrigation are growing due to increasing water scarcity and the need to increase agricultural productivity and resource efficiency. The growth of sprinkler and drip irrigation will drive demand for polyolefin pipes as they are known to be effective, exceptionally abrasion resistant, and have corrosion resistance, allowing for a long service life. For instance, the Indian government has set a target to achieve 10 million (1 crore) hectares under drip and sprinkler irrigation in 5 years, from 2021-22. In support of this, the government created a drip and sprinkler irrigation fund of $1.2 billion (INR 100 billion) with the National Bank for Agriculture and Rural Development (NABARD), an Indian apex regulatory body for overall regulation of regional rural banks and apex cooperative banks in India. Thus, one of the key factors propelling the demand for polyolefin pipes is the growth of sprinkler and drip irrigation.
Market Trends –
Technological advancement is a key trend gaining popularity in the polyolefin pipes market. Major players operating in the market are focusing on developing polyolefin pipes with advanced technologies that provide next-generation features such as lightweight, high strength, energy efficiency, and cost-effectiveness to gain a competitive edge in the polyolefin pipes market. For instance, in September 2021, Saudi Basic Industries Corporation (SABIC), a Saudi-based chemical manufacturing company, launched BiAx Pipe technology along with dedicated polyethylene (PE) and polypropylene (PP) resins. The development of new technology and a variety of specialized polyethylene (PE) and polypropylene (PP) resins represent a substantial advancement in the performance profile of polyolefin pressure pipes. BiAx pipe technology outperforms existing polyolefin pipes across the board in every performance characteristic. The technique makes the pipes more abrasion-resistant and increases their lifespan.
The 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
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Regional Insights –
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.
Key Companies –
Major companies operating in the polyolefin pipes market report are 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.
Table of Contents
1. Executive Summary
2. Polyolefin Pipes Market Report Structure
3. Polyolefin Pipes Market Trends And Strategies
4. Polyolefin Pipes Market – Macro Economic Scenario
5. Polyolefin Pipes Market Size And Growth
…..
27. Polyolefin Pipes Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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