Sewer, drainage fastest growing segment of $20 billion HDPE pipes market, new report says
MarketsandMarkets™ has released a report projecting the value of the HDPE pipes market to exceed $25 billion by 2029, with sewer and drainage infrastructure said to be the fastest-growing application in the segment.
The report "HDPE Pipes Market by Grade (Pe 63, Pe 80, Pe 100), Diameter (<50 Mm, 50-250 Mm, >250 Mm), Application (Irrigation System, Sewage & Drainage System, Chemical Processing, Electrofusion Fittings, Others), End-Use, & Region - Global Forecast to 2029," is projected to reach USD 25.68 billion by 2029, at a CAGR of 5.3% from USD 19.84 billion in 2024 during the forecast period, according to MarketsandMarkets™. Strong growth is observed to characterize the global HDPE pipes market. This fact has primarily been spurred by efficient water and wastewater management system demands which, have come as an effect of rapid urbanization and massive infrastructural undertaking projects.
HDPE pipes are known for their robust durability, corrosion resistance, and flexibility. Such properties make it the best fit material to be utilized in applications like water supply, irrigation, oil & gas pipelines and industrial piping. The trend is further propelled by a spiking growth rate within the key sectors like agriculture, energy and construction in which reliable, long-lasting piping systems have emerged to be of extreme importance.
Sewer and drainage is projected to be the fastest-growing application in the HDPE pipes market.
The sewer and drainage segment is the fastest-growing application in the HDPE pipes market due to several key factors that make HDPE pipes particularly suitable for these infrastructure needs. As urbanization accelerates globally, the demand for efficient sewage and drainage systems has surged to manage the increasing volume of wastewater and stormwater in growing cities.
As governments and municipalities improve their sewer and drainage systems to meet evolving environmental standards, the demand for high-quality, reliable, and cost-effective solutions such as HDPE pipes will remain on the rise. This integration of urbanization, regulatory pressures, and the technical advantages of HDPE pipes all contribute to sewage and drainage becoming the fastest-growing application within the HDPE pipes market.
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