New Research: Lucintel Predicts a Bright Future for the HDPE Pipe Market

Did you know that Lucintel recently published a market research report entitled “Growth Opportunities in the Global HDPE Pipe Industry”?

This market report for HDPE pipe identifies and predicts future opportunities for growth in global HDPE pipe industry for various segments as well as for various regions such as North America, Europe, Asia Pacific, and the Rest of the World. It also identifies growth opportunities for HDPE pipe in the potable water, wastewater, oil and gas, and irrigation sectors.

According to Lucintel’s market report, the global HDPE pipe market is expected to reach an estimated $22.4 billion by 2024 and is forecast to grow at a CAGR of 3.8% from 2019 to 2024. Some of the dominant players in the global HDPE pipe market are Mexichem SAB, China Lesso Group, Advanced Drainage Systems, Sekisui Chemical, Formosa Plastics Group, Supreme Industries, Jain Irrigation, and Astral Pipes and others.

There are some interesting developments in global HDPE pipe market as competition heats up and players try to increase their market share. Some of the emerging trends shaping the market dynamics include the introduction of mechanical coupling in HDPE pipe focusing on pipe strength and replacement of traditional material pipes with eco-friendly HDPE pipes.

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