Due to increased demand from the telecommunications sector, the India HDPE pipes market for the FTTx industry is likely to develop significantly
The global market for the HDPE Pipes is anticipated to develop at a compound annual growth rate (CAGR) of 5.80 % throughout the course of the forecast, to reach USD 19,907 Million by 2030.
Non-essential sectors, such as the manufacture of plastic pipes, have been impacted by the rising uncertainty surrounding the COVID-19 epidemic. This has a negative impact on the market for HDPE pipes. Despite the fact that the epidemic has largely subsided in China, stakeholders are evaluating their dependency on the country for products and services.
Buyers looking to purchase pipe extrusion machinery have been harmed by the impacts of the coronavirus. Despite the limitations, hdpe pipe market participants are focused on mission-critical projects in agriculture, water networks, and the oil and gas industries. Due to the standstill of Chinese manufacturing, stakeholders are experiencing a staggered rise in the market environment, resulting in extended lead times. Drip irrigation stakeholders are looking for dependable manufacturers that can regularly deliver pipes and other product components.
The specialists have discussed the pre- and post-COVID-19 implications in the Global HDPE Pipes Market research. The paper explains the benefits as well as the drawbacks of financial and market development achieved throughout the crisis. Despite a significant economic downturn, the HDPE Pipes Market has adapted new methods and developed new development abilities in order to recover. On both a regional and worldwide scale, the market has begun to explore for various funding sources and business tactics in order to stay afloat.
The micro duct sector is expected to increase at the quickest rate among product types. Micro ducts made of high-density polyethylene are utilized in the communication sector, including telecom, cable, internet, Wi-Fi, pipeline command and control (SCADA), and intelligent transportation systems (ITS). HDPE micro ducts provide a clean, smooth, low-friction environment for microfiber cables, reducing the risk of damage.
Because HDPE micro ducts have a low coefficient of friction, blowing installation equipment can deploy microfibers for extended periods of time. Due to its advantageous properties such as cost-effectiveness, space-saving features, and airtight enclosure for the cables that offer flexibility to the cables, demand for high-density polyethylene micro duct is increasing. In addition, the interior surface is covered with materials that shield the wires from the elements.
The telecommunications industry is predicted to earn the most market share per industrial vertical. The Indian government is implementing a number of steps to improve communication access, particularly in rural regions. As a result of the government's drive to improve connectivity, demand for HDPE pipes or ducts, which are utilized in the telecom sector to safeguard wires, is on the rise.
Sewage and drainage is expected to have the highest revenue share of all application categories in the HDPE pipe market. To expand the supply of pipes in this arena, manufacturers are increasing their output capacity. Manufacturers may rely on consistent income streams from water and gas pipeline applications.
HDPE pipes are used in pipeline systems because they are easy to shape and weld together and have a good chemical resistance.
Raw materials such as PE 63, PE 80, and PE 100 are used to make high density polyethylene (HDPE) pipes. HDPE pipes are 6-8 times lighter than cast iron and galvanized iron pipes, which is one of their major benefits. Because of its great chemical resistance, HDPE pipes may be readily shaped and welded together. They are also non-corrosive, making them a great choice for a wide range of applications.
Flexible plastic pipes made of high-density polyethylene (HDPE) are used to transport gas and fluids. It is suitable for high-pressure pipes due to its strong molecular bond and high impermeability level. As a result, these benefits augur well for the HDPE pipe market's growth. The use of HDPE pipes in a variety of applications will show to be beneficial.
The surge in demand for electricity in India has compelled power sector firms to expand their existing energy producing capacity. Existing capacity expansion refers to the growth of energy generation infrastructure, which drives up demand for HDPE pipes and ducts. In addition, the Indian government has set a goal to control the supply-demand imbalance, as the country's industrial sector continues to expand its need for power. In addition, India is devoted to clean energy and reducing carbon emissions, making it one of the most important participants in the renewable energy field. The national budget of India emphasizes the country's growing focus on renewable energy, with the goal of increasing the percentage of renewable energy in overall energy output. By 2022, the goal is to expand production to 175 GW. This comprises solar capacity of 100 GW, wind capacity of 60 GW, biomass capacity of 10 GW, and small hydropower capacity of 5 GW, all of which are backed by a financial allocation. All of the aforementioned aspects have had a beneficial influence on the market, since HDPE is widely utilized in power plant transmission lines, particularly in renewable energy facilities.
Because HDPE pipes are lighter and more corrosion resistant than steel pipes, they are frequently utilised in gas pipelines. HDPE pipes are also a cost-effective and long-lasting material. The HDPE pipe is flexible and long-lasting, and it can be bent 25 times to fit a standard pipe diameter.
The India HDPE pipes market report for the FTTx sector includes detailed information on the top industry players. Dutron Group, Miraj Pipes & Fittings Pvt. Ltd., Gamson India Private Limited, Nagarjuna Polymers, Apollo Pipes, Mangalam Pipes Pvt. Ltd, Jain Irrigation Systems Ltd., Berila Electricals Pvt. Ltd., Eonn Plast India, and Alex Pipe India Pvt. Ltd. are some of the major players in the India HDPE pipes market for FTTx Industry. GSK Irrigation Private Limited, Kunststoff Pipes LLP, Khyati Polymers, Elegant Polymers, and Sarovar Polymers Pvt. Ltd. are among the other participants in the India HDPE pipes market for FTTx Industry's value chain.
Latest Innovations in the Global HDPE Pipes Market: a Snapshot
HDPE Pipes Market Scope
Metrics
Details
Base Year
2022
Historic Data
2020-2021
Forecast Period
2022-2030
Study Period
2020-2030
Forecast Unit
Value (USD)
Revenue forecast in 2030
USD 19,907 Million
Growth Rate
CAGR of 5.80% during 2021-2030
Segment Covered
By Type, By Application, Regions
Regions Covered
North America, Europe, Asia Pacific, South America, Middle East and Africa
Key Players Profiled
Orbia SAB,China Lesso Group,Advanced drainage systems,Sekisui chemical,Formosa plastics group,Supreme industries,Jain irrigation,Chevron Philips chemicals,JM eagle,Astral pipes
Key segments of the global HDPE pipes market
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