The global Polyethylene Pipe Grade market is forecast to grow at a rate of 5.2% in terms of value, from 2019 to reach USD 30.17 Billion by 2027, according to a new report by Reports and Data.The driving factor for the rise in the demand of Polyethylene pipe production is the surge in expenditure on the infrastructural and developmental activities led by the state and federal governments.
Polyethylene pipes are used in a number of applications and have grown exceptionally owing to its versatility and the several advantages it offers over steel, iron, and cement systems. The flexibility of the pipes allows saving costs during installation in the oil and gas sectors. Trenchless technology avoids the need for an open trench and also reduces the disturbance to the public and environment by pulling long polyethylene pipes through the holes underground bored by mechanical moles.
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Top Players in the Global Polyethylene Pipe Grade Market:
JM Eagle, Aliaxis, Nandi Group, Jain Irrigation Systems, Blue Diamond Industries, National Pipe and Plastics, Jinniu Power Industry Science and Technology, Pexmart, Chevron Phillips Chemical Company, and Kubota ChemiX.
The United States has announced the availability of more than USD 95 Million in new funds to help out the State of Michigan. Such initiatives will drive the demand to improve the drinking water and wasteland water infrastructure. The polyethylene pipes are used as a medium for supplying drinking water. Several states in the country are facing a shortage of water, which in turn affecting the individual households and communities. The country is dependent on the underground pipes for most of its water supply, but these pipes have reached their useful life, which is resulting in health problems. The replacement of the pipes will propel market demand.
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Market segmentation based on Grade Outlook:
- PE 32
- PE 40
- PE 63
- PE 80
- PE 100
- PE 112
- PE 125
- Sewage Systems
- Oil and Gas
- Building and Construction
- Water Supply
- High pressure
- Medium pressure
- Low pressure
- Small diameter
- Large diameter
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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Frequently Asked Questions Answered in the Report:
- What is the estimated revenue growth rate of the global Polyethylene Pipe Grade market over the forecast period?
- What are the major factors driving the global market revenue growth?
- Which are the leading manufacturers and suppliers in the global Polyethylene Pipe Grade market?
- Which regional market is expected to lead in terms of revenue share in the global Polyethylene Pipe Grade market over the forecast years?
- What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis of the market?
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