Portland, OR, Feb. 28, 2019 (GLOBE NEWSWIRE) -- Allied Market Research recently published a report, titled, “HDPE Pipes Market by Type (PE 63, PE 80, and PE 100) and Application (Oil & Gas Pipe, Agricultural Irrigation Pipe, Water Supply Pipe, Sewage System Pipe, and Others): Global Opportunity Analysis and Industry Forecast, 2018–2025”. According to the report, the global HDPE pipes market was pegged at $17.91 billion in 2017 and is expected to reach $26.52 billion by 2025, registering a CAGR of 5% during the period from 2018 to 2025.
The report splits the market into type, application, and geography. On the basis of type, the report is divided into PE 63, PE 80, and PE 100. The PE 100 segment dominated the market in 2017, contributing more than three-fourths of the total market. However, the PE 63 segment is projected to manifest the fastest CAGR of 5.9% during the forecast period.
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Segmentation Analysis of the Industry
Based on application, the market is segmented into oil & gas pipe, agricultural irrigation pipe, water supply pipe, sewage system pipe, and others. The water supply pipe segment is projected to manifest the fastest CAGR of 7% during the study period.
On the basis of geography, the market is bifurcated into North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific region held the largest share in 2017, contributing nearly half of the market share. However, the North America region is expected to portray the fastest CAGR of 7% during the forecast period.
Industry Key Players
The report includes an analysis of the major market players including JM Eagle Inc., Lane Enterprises, Inc., Uponor, Mexichem S.A.B. de C.V, Radius system, WL Plastics, Prinsco, Inc., POLYPLASTIC Group Ltd, United Poly systems, and Blue Diamond Industries, LLC.
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