Lucintel's latest market report analyzed that HDPE pipe provides attractive opportunities in potable water, wastewater, oil and gas, and irrigation sectors. The HDPE pipe market is expected to reach $27.3 billion by 2027 with a CAGR of 5.7%. In this market, PE100 pipes is the largest segment by grade type, whereas wastewater is largest by application. The introduction of mechanical coupling in HDPE pipe focusing on pipe strength and replacement of traditional material pipes with eco-friendly HDPE pipes provides strategic growth path in this market.
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Based on grade type, the HDPE pipe market is segmented into PE100, PE80, PE63 and others. The PE100 pipes segment accounted for the largest share of the market in 2021 and is expected to register the highest CAGR during the forecast period, due to the high strength, chemical resistance, low cost, durability, minimal maintenance requirements, and superior energy efficiency.
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The HDPE Pipe Market is marked by the presence of several big and small players. Some of the prominent players offering HDPE pipe include Mexichem SAB, China Lesso Group, Advanced Drainage Systems, Sekisui Chemical, Formosa Plastics Group, Supreme Industries, Jain Irrigation, and Astral Pipes.
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