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HDPE Pipe Market Analysis

May 11, 2023

Latest company news about HDPE Pipe Market Analysis

The Global HDPE Pipes market is anticipated to rise at a considerable rate during the forecast period, between 2022 and 2030. In 2021, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

HDPE pipe is a pipe made from high-density polyethylene. Known for its large strength to density ratio, it can carry potable water, wastewater, slurries, chemicals, hazardous wastes, and compressed gases.

The global HDPE Pipes market was valued at USD 12910 million in 2022 and is anticipated to reach USD 16590 million by 2029, witnessing a CAGR of 3.6Percent during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

Global HDPE Pipes key players include Chevron Phillips Chemical Company, Aliaxis, JM Eagle, WL Plastics, LESSO, etc. Global top five manufacturers hold a share about 30Percent. Europe and North America is the largest market, both with a share about 30Percent, followed by China, with a share about 20 percent. In terms of product, HDPE 100 Pipe is the largest segment, with a share about 60Percent. And in terms of application, the largest application is Water Supply, followed by Oil and Gas, Sewage Systems, Agricultural Application, etc.

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