By Type High Characy Polytheline (HDPE), Low Density Polyethylene (LDPE), By Application (Underwater and Municipality, Gas Extraction, Construction, Industry, Agriculture and others) current market trends and market forecasting in the future to 2029.
Scale and Analysis of Market Specification for Polyethylene Pipe
Over the past few years, the amount of money needed to pay for water and sewage treatment infrastructure has increased.
For example, according to Pengurusan, the purified water capacity increased by 224.6 MLD, at least 25% higher in 2012 compared to its purified water capacity.
As of 2022, the capacity of the Johor water treatment is increased by 626.4 ml, an increase of 35%.
At present, another 61.8 MLD MLD treatment capacity is under construction, with the capacity of 340 MLD purification completed.
Therefore, the most important reasons for the growth of polyethylene market are aging water infrastructure and growing irrigation sector.
In 2021, the global market value for polyethylene pipe was $8.964.7 million, and it is expected to reach $13,968.05 million in 2029, and expand by increasing the annual combined growth rate (CAGR) by 5.70% compared to the 2022-2029 forecast period.
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Polyethylene is a thermoplastic material that is produced by ethylene when placed in the polymerization stage (PE).
Pipes made of plastic polyethylene may be extruded in diameter from 12 in to 63 in. The direct length of the polyethylene may be up to 40 feet long and also sold at various length.
This tube is made of flexible plastic, which may be used for transporting liquids and gases. Often, these tubes replace older pipes made of concrete or steel.
Competitive Prospects of PE Market
Drivers in the market will be discussed for their benefits, opportunities and constraints. All of these topics and more themes will be covered in more depth.
High interest rate of end consumers.
Using potable water is the most common tool for polyethylene pipes.
At present, a number of countries are seriously lacking in water. The shortage has had a negative impact not only on individual life but on all cities as well.
According to data provided by the U.S. Environmental Protection Agency (EPA), U.S. utilities waste more than a quarter of the treated water produced every day due to leakage and other types of damage to treatment facilities and facilities.
It is possible that the cost of replacing pipelines that carry drinking water over the next decade will reach $1 trillion. As a result, hoses that are reliable and durable are required.
High density polyethylene pipes are one of these materials that should be considered.
It is also likely that more money will be spent on waste water treatment and water infrastructure, which will boost the polyethylene pipe market.
In addition, the continued development of new infrastructure in countries still in the industrialization process will lead to an increase in the market growth rate for polyethylene pipes.
In addition, increasing market value is due to product functional benefits, which include things like durability, stability, flexibility and improved corrosion and wear resistance.
The growth of the market is likely due to the growth in the final usage sector.
Opportunity and risk of investment in expansion
Furthermore, the significant cost of residential buildings during the projected period from 2022 to 2029 will reinforce the prospect of profits for market participants.
This will take place during the period 2022-2029. For example, in January 2020, the value of residential and non-residential buildings increased to $567.55 billion, and $469.86 billion, respectively.
According to data provided by the U.S. Census Bureau in December 2019, these amounts were $546,532 million and $466,436 million respectively.
There is also strong demand for housing in Mexico, which led to the high cost of building new homes.
Also, the active development of polyethylene pipes by the government will contribute to the reduction of greenhouse gas emissions and increase the market potential for future development.
Restrictions or challenges
Prices for raw materials to change
The availability of raw sources and the cost of raw materials are the most important factors determining the price of goods.
The main challenge facing the world market of polyethylene pipes is the fluctuation of energy prices, which affects the fluctuations pattern of raw material prices.
Therefore, the production of polyethylene raw materials is completely attributed to the crude oil, in addition to their cost and availability.
According to the statistics of the global energy company BP, fluctuations in crude oil prices have increased.
For example, crude oil prices decreased from $98.95 a barrel in 2014 to $52.39 in 2015, from $43.73 a barrel in 2016 to $71.31 in 2018.
Negative effects of COVID-19
As a result of the global pandemic, restrictions have been tightened, which have had a detrimental effect on supply and demand.
The pandemic has led to a shortage of raw materials that have disrupted the market for polyethylene pipes and have had a negative impact on the industry’s growth.
The adverse effects of COVID-19 on the polyethylene pipe industry will slow market growth even further.
This report describes the latest developments in the PE pipe market, trade regulation, import/export analysis, production analysis, optimization of the value chain, market share and impact of both domestic and local market players.
It also provides an opportunity for analyzing small markets.
Analysis of strategic market growth, market size, market growth category, functional mastery, product approval, product launch, geographical expansion and market technology innovation are among the topics covered in this presentation.
If you are interested in learning more about the PE pipe market, please contact Data Bridge Market Research and our staff will help you with informed industrial decision-making that will help market growth.
how lack of raw materials, transportation delays and the current state of the market are affected
Market research Bridge data offers cutting market research as well as a deep understanding of the impact that raw material shortages and transportation delays have had in the current market environment.
That’s why, looking at possible strategic options, creating good action plans, and helping.