According to a new report published by Allied Market Research, titled, HDPE Pipes Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2018 - 2025, the global HDPE pipes market was valued at $17,907 million in 2017, and is projected to reach $26,518 million by 2025, growing at a CAGR of 5% from 2018 to 2025.

HDPE pipe manufacturers invest in the technological advancement & development of HDPE pipe production. These advancements are expected to modify and enhance the HDPE pipe structure, making it superior to conventional PVC pipes. Countries in North America and Asia-Pacific are projected to create lucrative opportunities for the growth of the HDPE pipes market due to heavy investment by market players.

The key players profiled in the report include JM Eagle Inc., WL Plastics, Lane Enterprises, Inc., Prinsco, Inc., Uponor, Poly plastic group, Mexichem S.A.B. de C.V, United Poly systems, Radius system, and Blue Diamond Industries, LLC.

These market players are adopting different strategies such as acquisition, product launch, and merger to stay competitive in the global HDPE pipes market. The other key players of the industry include Canada Culvert, Inc. (WGI Westman Group, Inc.), Dura-Line Corp., IPEX Inc., Reliance Industries Limited, and Kanaflex Corporation Co., Ltd.

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The global HDPE Pipes market is segmented into type, application, and region. Based on type, the global HDPE pipes market is divided into PE 63, PE 80, and PE 100.

Based on application, the market is classified into oil & gas pipe, agricultural irrigation pipe, water supply pipe, sewage system pipe, and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The market for HDPE pipe is expected to witness substantial growth due to the increase in application of HDPE pipes in various end-use industries. The rise in demand from water irrigation systems in agricultural industry drives the growth of the HDPE pipe market.

Rapid urbanization leads to increase in demand for water supply, which in turn increases the requirement of HDPE pipes. This in turn contributes toward the growth of the global HDPE pipe market. Furthermore, growing sewage disposal infrastructure will increase the demand for HDPE pipes. However, fluctuating prices of raw material due to volatility in crude oil are expected to hamper the market growth. Conversely, innovation and advancement in PE pipes are the factors anticipated to provide growth opportunities to the HDPE pipes market.

Key Finding of the HDPE Pipes Market :
• The PE 100 segment nearly occupied three-fourth share of the global HDPE pipes market in 2017.
• The PE 63 segment is projected to grow at the highest CAGR during the forecast period.
• The water supply pipe application nearly occupied one-seventh share in 2017.
• North America accounted for one-fifth share of the global market in 2017.

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Author's Bio: 

I am Srushti. My keen interest in reading and writing. I forayed into the field of writing due to my love for words and the urge to do something different. I have been a part of the content resource team here in Allied Market Research. We have a dedicated team for content development wherein, we coordinate with the Market Analysts and create a precise content. I am personally involved in writing content for user engagement. I owe a responsibility to make sure the content is rich and user-centric. Allied Market Research has given me the chance to gain knowledge about different subjects.