Global polyolefin pipe industry expected to reach $24.1 billion by 2026 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Polyolefin Pipe Market by Type (PE, PP, Plastomer), Application (Irrigation, Drinking Water & Plumbing, Wastewater Disposal, Power & Communication, Industrial), End-Use Industry (Building & Construction, Agriculture) and region – global forecast for 2026″ report has been added to from ResearchAndMarkets.com offer.

The global polyolefin pipe market size is expected to reach USD 24.1 billion by 2026 growing at a CAGR of 5.3%, from USD 18.6 billion in 2021.

In terms of value, the PE segment is expected to account for the largest polyolefin pipe market share, by type, during the forecast period.

PE is expected to be the largest type segment in the polyolefin pipe market. PE pipes are used for the physical transportation of oil, gas, water, sewage and other substances. These hoses offer various advantages such as low weight, resistance to abrasion, corrosion, high impact resistance and superior flexibility which allows their use in various end-use industries. These pipes can be heat fused to form strong joints, making them watertight. This class of hose is fatigue resistant and can withstand extreme repetitive pressures. They are also very flexible and therefore suitable for earthquake prone areas. The flexibility and leak-free joints of these pipes provide the added benefit of cost effectiveness as they save a lot of time and money in the installation process.

The industry is expected to be the fastest growing market for polyolefin tubing, by application, over the forecast period. Industrial application is expected to be the fastest growing market for polyolefin pipes over the forecast period.

Polyolefin tubing is widely used in industrial applications where piping systems are exposed to harsh and extreme weather conditions. Due to the flexible nature of PE, it expands with surges, increasing pipeline life and reducing maintenance costs. Polyolefin pipes are also in high demand due to their flexibility; gas distribution systems are more likely to survive severe ground shifts, especially due to earthquakes, when made from fused PE pipes.

The building and construction segment is estimated to be the largest end-use industry

In the building and construction industry, pipes and fitting materials play an important role in performing the task of conveying fluids. The materials used for the manufacture of the pipes depend on the type of fluid and the conditions in which they are conveyed. Fluids can be hazardous, reactive, volatile, corrosive or flammable. The integrity of fluids must be maintained when transported under process conditions such as different temperatures and pressures and therefore require piping materials suitable for transport under such conditions.

The North American region leads the polyolefin pipe market in terms of value.

North America is expected to be the largest polyolefin pipe market during the forecast period. Globally, the region leads, in terms of product demand and innovation, performance improvement, polyolefin pipe quality, and emerging applications in various end-use industries. The main countries in the North American market are the United States, Canada and Mexico. Both Canada and Mexico have shown increasing demand for polyolefin pipes which is expected to continue during the forecast period.

Market dynamics

Drivers

  • Sprinkler and drip irrigation offer good growth potential

  • Hot water bathroom application where Po pipes replace PVC pipes

  • Increased use of Engineering Po in pipe crafting

  • Improved characteristics of plastomers compared to conventional plastics and elastomers

Constraints

  • Higher capacity-demand ratio

  • Growing Concerns About Plastic Disposal

  • Economic downturn and the impact of COVID-19 on the manufacturing sector

Opportunities

  • Growing demand for cross-linked HDPE

  • Increased demand for metallocene-based Po

  • Increase in demand for metallocene-based Lldpe

  • Growth in deep and ultra-deepwater oil and gas exploration and production activities

Challenges

  • Replacement of Pex pipes with Pp pipes

  • Commodity price fluctuation

  • Lack of global design and qualification standards

  • Difficulties in large-scale manufacturing of Po pipes

Companies cited

  • Approved

  • Gf Piping Systems

  • Advanced drainage systems

  • Chevron Phillips Chemical Company

  • jm eagle

  • Shelf systems

  • Aliaxe

  • Prinsco

  • Thai-Asia PE Pipe Co., Ltd.

  • United Poly Systems

  • Pipe industries of the future

  • Wl Plastics

  • Aquatherm

  • Blue Diamond Industries

  • Armtec

  • Plastic Pipeline LLC

  • Teraplast Group

  • Plastics Charter

  • Infra Pipe Solutions Pvt Ltd

  • Pars Ethylene Kish

  • Vesbo pipe system

For more information on this report, visit https://www.researchandmarkets.com/r/stg41w