Summary
Major players in the polyolefin pipes market are Agru Kunststofftechnik Gesellschaft mbH, Georg Fischer Piping Systems Ltd., Advanced Drainage Systems Inc., Chevron Phillips Chemical Company LLC, JM Eagle, Aliaxis, Radius Systems, Prinsco Inc., POLYPLASTIC Group Ltd., Nan Ya Plastics Corporation, Thai-Asia PE, United Poly Systems, Future Pipe Industries, WL Plastics, Aquatherm, Blue Diamond Industries LLC.
The global polyolefin pipes market is expected to grow from $18.06 billion in 2022 to $19.22 billion in 2023 at a compound annual growth rate (CAGR) of 6.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The polyolefin pipes market is expected to grow to $23.71 billion in 2027 at a CAGR of 5.3%.
The polyolefin pipes market consists of sales of polyethylene pipes and polypropylene pipes.Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers.
The value of goods in this market includes related services sold by the creators of the goods.
Polyolefin pipes refer to thermoplastic water supply pipes made from ethylene that has been polymerized.Polyolefin pipes are generally originated from a small set of simple olefins.
These are used for the distribution of water and gas and the disposal of sewage and wastewater.
North America was the largest region in the polyolefin pipes market in 2022. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main product types of polyolefin pipes are polypropylene pipes (PP), polyethylene pipes (PE), and plastomer.Polypropylene pipes are pipes made from the polymerization of propylene material and utilized to transport substances such as clean water, organic solvents, acids, and alkalis.
Polypropylene pipes (PP) are the least dense piping material and have excellent chemical resistance, even to many organic solvents.It is widely applied in HVAC (heating ventilation air conditioning) applications.
It is used in building and construction, agriculture, industrial, and others and are applied in irrigation, potable and plumbing, wastewater drainage, power and communication, industrial, chemical transportation, and others.
The growth of sprinkler and drip irrigation is expected to drive the polyolefin pipes market.Sprinkler irrigation is a sophisticated form of irrigation where the water is delivered under pressure and sprayed through nozzles attached to a network of pipes.
Sprinkler and drip irrigation are growing due to increasing water scarcity and the need to increase agricultural productivity and resource efficiency.The growth of sprinkler and drip irrigation will drive demand for polyolefin pipes as they are known to be effective, exceptionally abrasion resistant, and have corrosion resistance, allowing for a long service life.
For instance, the Indian government has set a target to achieve 10 million (1 crore) hectares under drip and sprinkler irrigation in 5 years, from 2021-22. In support of this, the government created a drip and sprinkler irrigation fund of $1.2 billion (INR 100 billion) with the National Bank for Agriculture and Rural Development (NABARD), an Indian apex regulatory body for overall regulation of regional rural banks and apex cooperative banks in India. Thus, one of the key factors propelling the demand for polyolefin pipes is the growth of sprinkler and drip irrigation.
Technological advancement is a key trend gaining popularity in the polyolefin pipes market.Major players operating in the market are focusing on developing polyolefin pipes with advanced technologies that provide next-generation features such as lightweight, high strength, energy efficiency, and cost-effectiveness to gain a competitive edge in the polyolefin pipes market.
For instance, in September 2021, Saudi Basic Industries Corporation (SABIC), a Saudi-based chemical manufacturing company, launched BiAx Pipe technology along with dedicated polyethylene (PE) and polypropylene (PP) resins.The development of new technology and a variety of specialized polyethylene (PE) and polypropylene (PP) resins represent a substantial advancement in the performance profile of polyolefin pressure pipes.
BiAx pipe technology outperforms existing polyolefin pipes across the board in every performance characteristic. The technique makes the pipes more abrasion-resistant and increases their lifespan.
In March 2021, GF Piping Systems, a Switzerland-based pipes company, acquired FGS Brasil Indústria e Comércio Ltda for an undisclosed amount.With this acquisition, GF piping systems will expand their presence in Brazil and South America.
The company extracts synergies and will build a solid base for accelerated expansion across geographies and product sectors. GS Brasil Indústria e Comércio Ltda is a Brazil-based company engaged in HDPE pipes and fittings production.
The countries covered in the Polyolefin Pipes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The polyolefin pipes market research report is one of a series of new reports that provides polyolefin pipes market statistics, including polyolefin pipes industry global market size, regional shares, competitors with a polyolefin pipes market share, detailed polyolefin pipes market segments, market trends and opportunities, and any further data you may need to thrive in the polyolefin pipes industry. This polyolefin pipes market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
