Polyolefin Pipe Market Set for USD 39.5 Billion Surge by 2034, Growing at 5.9% CAGR

With governments focusing on providing water for all, there has been a widespread increase in piping systems. These piping systems are making use of polyolefin pipes for their lightweight but still tough nature. Thus, the polyolefin pipe market is making excursions into remote areas.

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Farmers are making use of polyolefin pipes at an increasing rate, with the pipes finding a prominent place in sprinkler and drip systems. The rise of agricultural activities is thus propelling the market. On the other hand, the pipes are also integral to the working of the urban space, providing safety to the cables that connect the modern world.

The environmentally-conscious crowd has made the sale of products that prominently use plastic more difficult. Polyolefin pipes are no exception, as regulatory authorities have imposed measures on the sale of products made from plastic. Another restraint for the market is the tough environmental conditions that have the potential to disrupt the working of the pipes, even with their solid structure.

Key Takeaways from the Polyolefin Pipe Market Report:
The polyolefin pipe market is expected to be valued at USD 22.3 billion in 2024. Polypropylene pipes (PP) are the top type of pipes in the market. Sales of polypropylene pipes (PP) are expected to progress at a rate of 5.7% over the forecast period. Polyolefin pipes are most commonly used for power and communication. Over the forecast period, the power and communication segment by application is predicted to progress at a CAGR of 5.5%. South Korea is expected to be a promising country in terms of progress in the market. The country is forecasted to have a CAGR of 7.9% from 2024 to 2034. The market in Japan is predicted to rise at a 6.2% CAGR over the forecast period. The market in the United Kingdom is expected to progress at a CAGR of 7.0% through 2034.

Competition Analysis of the Polyolefin Pipe Market:
Product differentiation is a key concern for the market players. On the collaborative front, companies are establishing partnerships with companies in end-user industries.

Leading Key Players:
FURUKAWA ELECTRIC CO., LTD, Halcor, Mueller Streamline Co., Aurubis AG, Cerro Flow Products LLC, Cambridge-Lee Industries LLC, H & H Tube, Hailiang Group Reserves, KMCT, MM Kembla