The globalPolyethylene Pipe Grade Marketis forecast to reach USD 30.17 Billion by 2027, according to a new report by Reports and Data. Polyethylene is expected to continue to be the most widely used plastic resin in the world, benefiting from its easy processability, versatility, recyclability, and low cost.
The market for polyethylene pipe grade is growing due to the increasing irrigation activities in the agricultural sector and large scale utility in the transportation of oil, gas, water, and other substance across the globe. The rise in demand for polyethylene pipe grade is mainly due to the changes in the consumption of water patterns, economic development, and growth in population. Moreover, the polyethylene pipes are resistant to corrosion and provide longevity and durability with easier installation.
Increasing concerns regarding environment protection and growing health awareness are expected to hinder the market growth. Moreover, stringent regulations regarding the use of petrochemical products, demand for green products, and increasing investment in plastic recycling projects are the factors that are expected to challenge the market.
The Asia Pacific region is forecasted to grow with a higher CAGR owing to the rapid increase in urbanization, continuous industrial as well as residential construction, and infrastructure development in the region. Additionally, demand for oil and gas exploration and production activities is expected to propel market demand.
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Top Companies:
JM Eagle, Aliaxis, Nandi Group, Jain Irrigation Systems, Blue Diamond Industries, National Pipe and Plastics, Jinniu Power Industry Science and Technology, Pexmart, Chevron Phillips Chemical Company, and Kubota ChemiX, among others.
Market Insights:
Rising global energy demand, increasing regulatory environmental pressure and highly volatile oil gas prices have put great "deal" to other alternative energy sources. There is increased awareness and commitments across firms regarding "Green" energy sources. The demand for green has been driven by environmental pollution caused by conventional energy sources. The energy industry is largely controlled by utilities sector and government in most of the emerging nations like BRIC nations .However, dynamics are drastically changing driven by new policy changes, relaxing the FDI norms in the sector, increased privatization, new capital investments of power projects by both public private, smart grid to better manage services reduce transmission losses, use of smart metering and and growing electricity demand.
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The report offers a 360-degree overview of the market and focuses on major growth trajectories such as drivers, restraints, challenges, and future opportunities. It provide intensive market data and detailed analysis on fast emerging renewable energy segments, covering their integral sub-segments like capacity, industry and financial performance, sales and distribution channels, and cost prices.It also throws light on interesting insights into the market, current market trends, sales statistics, and major industry developments. The report lists the names of significant players operating in the market and the prime strategies adopted by them to gain a competitive edge in the market. It further emphasizes on market segmentation based on factors such as type, technology, application, end-use, and region in detail. For more information on the report, log on to the company website.
Regions covered by the report:
North America(U.S.A., Canada, Mexico)
Europe(U.K., Italy, Germany, France, Rest of Europe)
Asia Pacific(India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America(Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa(Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Polyethylene Pipe Grade Market Segmentation:
Grade Outlook
PE 32
PE 40
PE 63
PE 80
PE 100
PE 112
PE 125
Application Outlook
Sewage Systems
Oil and Gas
Agriculture
Industrial
Building and Construction
Water Supply
Mining
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