Asia Pacific Blood Glucose Test Strip Packaging Market Research Repor HDPE Pipes Market Research Report – Global Forecas

HDPE Pipes Market Share, Size, Trends, And Business Opportunity Analysis Report 2019 include
historic data, with forecast data to 2023. HDPE Pipes Industry report is helpful for future strategy
development, and to know about Market Drivers, Restraints, Opportunities, And Global market
size, share, Growth, Trends, key players forecast to 2023.
The unprecedented growth of the end-use industries has resulted in the substantial growth of
the HDPE pipes market. HDPE pipes, also known as thermoplastic pipes, are made of
polyethylene resin and are used for the physical transportation of oil, gas, water, wastewater,
and other substances. There are various benefits associated with these pipes, which makes
them fit to be used in various end-use industries. Such pipes can be heat fused to form a strong
joint, which makes them leak free. This eliminates the potential risk of leakages, which is
usually seen in the case of PVC and ductile iron pipes. This class of pipes is fatigue proof and can
bear extreme repetitive pressure. These are also highly flexible, which makes them well suited
for earthquake-prone areas. The flexibility and leak-free joints of these pipes provide the
additional advantage of cost efficiency as they save considerable time and money in their
installation process.
The global HDPE pipes market is expected to witness a CAGR of around 5%, and its value is
expected to reach USD 22 billion during the forecast period.
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Global HDPE Pipes Market: Regional Analysis
The global HDPE pipes market has been segmented into North America, Europe, Asia-Pacific,
and the rest of the world (RoW). In 2017, North America accounted for the largest share in the
overall market and will continue to dominate the market till 2023. US held the largest market
share in the North America HDPE pipes market.
Asia-Pacific holds a sizeable share in the market after North America. The region has witnessed
a rise in agricultural and industrial activities as well as oil and gas exploration activities. This is
expected to fuel the demand for HDPE pipes in Asia-Pacific during the forecast period.
Global HDPE Pipes Market: Segmentation
The global HDPE pipes market has been segmented based on type and application. On the basis
of type, the market has been classified into PE 63, PE 80, and PE 100. The application segment is
further sub-segmented into oil & gas, irrigation, and water & wastewater.
On the basis of type, the market has been bifurcated into PE 63, PE 80, and PE 100. The PE 63
segment is expected to witness maximum growth rate during the forecast period. The reason is