The major factors driving the growth of this market are the polyethylene pipes are ongoing construction and rehabilitation of old or obsolete municipal pipe systems and easy installation, flexible, resistant and low cost and over traditional materials. On the other hand, strict laws imposed on usage of polyethylene pipes may hinder the growth of the market.
Europe Polyethylene Pipes Market is expected to reach 534.02 Thousand Tons by 2025 from 381.88 Thousand Tons in 2017, at a CAGR of 10.7% in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Key Drivers: Europe Polyethylene Pipes Market
Some of the major factors driving the market for Europe polyethylene pipes ongoing construction and rehabilitation of old or obsolete municipal pipe systems and easy installation, flexible, resistant and low cost and over traditional materials.
- Huge investment towards the PE pipe due to its high manufacturing cost and higher final prices strict laws imposed on usage of polyethylene pipes are the factor which may hinder the growth of this market.
- Increase in industrial production as well as rapid urbanization will drive the market in future.
Market Segmentation: Europe Polyethylene Pipes Market
Europe polyethylene pipes market is segmented based on type into four notable segments; high density polyethylene (HDPE), low density polyethylene (LDPE), linear low density polyethylene (LLDPE), and cross link polyethylene (PEX/XLPE). The polyethylene pipes market is dominated by hardware with 60.3% market share in 2017, growing at with the CAGR of 4.5% in the forecast period.
The Europe polyethylene pipes market is segmented based on application into five notable segments; underwater and municipal, gas extraction, construction, industrial, agriculture and others.
Key Points: Europe Polyethylene Pipes Market
LyondellBasell Industries Holdings B.V. is going to dominate the polyethylene pipes market following with DOWDUPONT, Exxon Mobil Corporation and SABIC along with others such as ISCO Industries, TPL Plastech Limited, Advanced Drainage Systems, Inc., Dura-Line Corporation, Falcon Pipes Pvt. Ltd., Akzo Nobel N.V., Borealis AG, P.E.S. Co., COMAP group, SILON s.r.o., ARKEMA S.A among others.
- Underwater and Municipal market is growing with the highest CAGR
- HDPE are driving the market with highest market share
- HDPE segment is dominating the polyethylene pipes market
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