By Type (High Density Polyethylene (HDPE), Cross-Linked Polyethylene, Low Density Polyethylene (LDPE), Linear Low Density Polyethylene (LLDPE)), By Application (Submarine & Municipal, Gas Extraction, Construction, Industry, Agriculture, and Others)-Current Market Trends and Future Market Forecasts to 2029.
The Scale and Analysis of the Market specifications for Polyethylene Pipe Over the course of the last several years, there has been a rise in the amount of money needed to pay for water infrastructure and wastewater treatment.
For instance, according to Pengurusan, the treated water capacity increased by 224.6 MLD, which is at least 25% more than it had in 2012 when compared to its treated water capacity.
By the year 2022, Johor's water purification capacity will have increased by 626.4 MLD, which is equivalent to an increase of 35%. Currently, another 61.8 MLD worth of purification capacity is being constructed, and 340 MLD worth of purification capacity has been completed.
So, the main reasons for the growth of the polyethylene pipe market are an aging water infrastructure and a growing irrigation sector.
In 2021, the worldwide market for polyethylene pipe was valued at USD 8,964.7 million, and it is anticipated that it will reach USD 13,968.05 million in 2029, expanding at a compound annual growth rate (CAGR) of 5.70% over the period of forecasting 2022–2029.
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market definition Polyethylene is a thermoplastic substance that is produced when ethylene undergoes the polymerization process (PE).
Pipes made of polyethylene plastic may be extruded into diameters ranging from 12 inches to 63 inches.
Straight lengths of polyethylene may be bought up to 40 feet in length, and it is also sold coiled in a variety of lengths.
It is a pipe made of flexible plastic that may be used to carry liquids and gases.
These pipes often take the place of older pipes made of concrete or steel.
The Competitive Landscape of the Polyethylene Pipe Market In the next part, market drivers, advantages, opportunities, constraints, and problems will be discussed.
All of these topics and more will be covered in further depth below.
driver high level of interest from end consumers.
The transportation of drinking water is the most common use for pipes constructed of polyethylene.
A number of nations all over the world are currently experiencing severe water shortages, which are having a negative impact not only on individual households but also on entire cities.
