The global Polyethylene Pipe Grade market is 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.
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Market Scenario:
The materials and chemicals sector has significantly grown over the recent years and is expected to register robust revenue CAGR over the forecast period. The materials and chemicals sector comprises daily wear products such as detergents, perfumes, soaps, and other raw materials and chemicals used in the manufacturing of other products. There has been a significant increase in the demand for raw materials and chemicals across various industrial sectors such as healthcare and pharmaceuticals, automotive, agriculture, manufacturing, paint, and food and beverages among others. Factors such as increasing awareness about green energy and excess carbon emission, changing consumer preference, growing adoption of biodegradable, sustainable and eco-friendly products, and rapidly expanding industries and building and construction sector are expected to boost global market revenue growth going ahead.
Major 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
- Kubota ChemiX
Competitive Landscape:
The report further sheds light on the competitive landscape and provides in depth information about each market player including its global position, product portfolio, financial standing, revenue growth and company overview. The market players are focused on adopting various inorganic and organic growth strategies such as mergers and acquisitions, joint ventures, collaborations, product launches and partnerships to gain a robust footing in the market.
Key questions addressed in the report:
- What is the expected market size of the global Polyethylene Pipe Grade market during the forecast period?
- What CAGR is the global market expected to register during the forecast period?
- Which key factors are expected to boost global market growth between 2021 and 2028?
- What are the key restraints that are expected to hamper global market growth?
- Which regional market is expected to register robust CAGR during the forecast period?
- Which key players are operating the global Polyethylene Pipe Grade market?
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Polyethylene Pipe Grade Market Segmentation:
Type 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
Regional Outlook:
- North America
- S.
- Canada
- Mexico
- Europe
- Germany
- K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- A.E.
- South Africa
- Rest of MEA
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