The global Polyethylene Pipe Grade Market research report added by Reports and Data is a market intelligence report that offers a comprehensive assessment of the market size, market share, revenue growth, CAGR, current and emerging trends, macro- and micro-economic factors, regulatory framework, and key drivers and restraints.
The global Polyethylene Pipe Grade Market is forecast to reach USD 30.17 Billion by 2027, according to a new report by Reports and Data. Polyethylene is expected to continue to be the most widely used plastic resin in the world, benefiting from its easy processability, versatility, recyclability, and low cost.
The market for polyethylene pipe grade is growing due to the increasing irrigation activities in the agricultural sector and large scale utility in the transportation of oil, gas, water, and other substance across the globe. The rise in demand for polyethylene pipe grade is mainly due to the changes in the consumption of water patterns, economic development, and growth in population. Moreover, the polyethylene pipes are resistant to corrosion and provide longevity and durability with easier installation.
Increasing concerns regarding environment protection and growing health awareness are expected to hinder the market growth. Moreover, stringent regulations regarding the use of petrochemical products, demand for green products, and increasing investment in plastic recycling projects are the factors that are expected to challenge the market.
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Top companies profiled in the report include:
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, among others.
Increasing awareness regarding energy conversation and sustainability along with rapid digitalization are expected to significantly drive the revenue growth of the chemicals and materials industry over the coming years. Materials and chemicals industry generally covers all the manufacturers and companies that produce industrial chemicals and raw materials required for the production of other materials. Plastics, materials, drugs, soap, and agricultural chemicals, among others are some of the most common end products of the chemical and materials industry. Increasing focus on petrochemicals, rising investment in chemicals and materials industries, rapid digitalization and automation of manufacturing and production processes, and growing focus on environmentally friendly production are some other key factors driving market growth.
The report further segments the global Polyethylene Pipe Grade market on the basis of product types, application, and key regions of the market. The report offers accurate growth estimations for each segment and sub-segment and provides key insights into factors influencing the growth of each segment.
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Global Polyethylene Pipe Grade Market Segmentation:
Grade Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)
- PE 32
- PE 40
- PE 63
- PE 80
- PE 100
- PE 112
- PE 125
Application Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)
- Sewage Systems
- Oil and Gas
- Building and Construction
- Water Supply
Regional Analysis covers:
- North America
- Rest of EU
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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