The global polyolefin pipe market is anticipated to grow at a significant CAGR of 5.2% during the forecast period (2021-2027). In recent years, there has been a considerable upgrade in both water distribution techniques and infrastructure in the major parts of the developing world. There is substantial concern about the gradual corrosion of the steel pipes in modern infrastructure. These steel pipes are being replaced by polyolefin pipes as a substitute. Polyolefin pipes are majorly used in many nuclear power plants across the US, this is due to growing safety concern and high operational cost of the steel and copper pipes. As the polyolefin pipes are stronger and lighter compared to steel pipes, industries that have traditionally been using steel pipes are switching over to polyolefin pipes. These pipes do not require any heavy maintenance cost which is prominent in steel piping. Such factors are driving the demand of the polyolefin pipes and growth of the market.

Furthermore, currently, pipe replacement activities have shifted gears in the US, as outdated water distribution infrastructure and systems are being replaced with upgraded and improved piping systems as per the study published by the American Water Works Association (AWWA). Due to the rapid up-gradation of the polyolefin pipes, the market is expected to show growth in the forecast period. Moreover, the growing building & construction, agriculture, and other industrial activities in the emerging economies globally is further creating the significant scope for polyolefin pipe market. Besides, high cost of pipes, lack of proper recycle infrastructure for pipe disposal, and stringent regulation towards plastic use may hamper the market growth during the forecast period. 

Impact of COVID-19 Pandemic on Global Polyolefin Pipe Market

The global polyolefin pipe market was hardly hit by the impact of COVID-19 pandemic, especially in the year 2020. Disruption in raw material supply chain owing to the mobility restrictions imposed by the government of major economies had negatively affected the market revenue growth. Currently, manufactures are trying to counter the effects of sudden lockdowns which left them with almost no labour force and due to which their factories being shut for a long period of time. The disruptions that were caused by international trade restrictions and sudden lockdowns have seriously hindered the global polyolefin pipes market. Post pandemic, the polyolefin pipes industry is expected to make a 'W' shaped recovery owing to the reoccurring lockdown and restriction due to the multiple waves and variants of the COVID-19. 

Segmental Outlook 

The global polyolefin pipe market is segmented based on product material and application. Based on the product material, the market is classified as HDPE, LDPE, LLDPE, and cross-linking polyethylene. Based on the application, the market is sub-segmented into irrigation, waste water drainage, gas & oil extraction, construction, industrial, and others. Among the product material segment, the HDPE polyolefin pipe is expected to majorly dominate the overall polyolefin pipe market, this majority of the shares can be contributed to the high demand for stronger polyolefin pipes. 

Global Polyolefin Pipe Market Share by Product Material, 2020 (%)

The HDPE Segment Holds the Major Share in the Global Polyolefin Pipe Market

Among the product material segment, the HDPE polyolefin pipe held the highest share in the market in 2020, and it is further projected to dominate the overall polyolefin pipe market by accounting significant share during the forecast period. The segment growth is backed by the high demand for stronger polyolefin pipes from end-user industries such as agriculture, chemical, automotive, and others. HDPE has many chemical and machinal properties. HDPE polyolefin pipes are used in above industries due to their properties of being non-corrosive, pressure impact-resistant, and relatively lower cost compared to traditional pipes. Thus, driving the global demand for polyolefin pipes in the upcoming forecast year.

Regional Outlooks

Geographically, the global polyolefin pipe market is classified into four major regions including North America (the US and Canada), Europe (UK, Germany, France, Italy, Spain, and Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, ASEAN, and Rest of Asia-Pacific), and Rest of the World (Latin America and the Middle East and Africa (MEA)) North America is projected to hold significant share in the market during the forecast period. The regional growth is attributed to the increasing product innovation, and emerging applications in various end-use Industries. The presence of prominent players such as Advanced Drainage Systems, JM Eagle, Prinsco, and others in the US is also the key factor driving the market growth.

Polyolefin Pipe Market Growth, by Region 2021-2027

The Asia-Pacific Emerge as a Fastest Growing region in the Global Polyolefin Pipe Market

The Asia-Pacific region is expected to be the fastest-growing market during the forecast period. This growth can be contributed to the growing construction of infrastructure activities in many developing countries in the region. Furthermore, countries like China and India have massive agricultural activities and are expected to contribute to raising demands for irrigation pipes and systems. Thus, driving the growth of the polyolefin pipes market. Apart from this, the market players are focusing on expanding their business by establishing new manufacturing facilities in these economies due to easy availability of raw materials at low cost. 

Market Players Outlook

The major companies serving the global Polyolefin Pipe market include AGRU, Arya Sasol Polymer Co., Asahi Kasei Group, BASF, JM Eagle., and others. The market players are significantly contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, In November 2020, an acquisition of solo's 50% membership interest in Gemini HDPE LLC was announced by INFOS Olefins and Polymer USA, becoming the 100% owner of the asset. This was a significant step towards sole ownership of the parent company.

The Report Covers

    • Market value data analysis of 2020 and forecast to 2027.

    • Annualized market revenues ($ million) for each market segment.

    • Country-wise analysis of major geographical regions.

    • Key companies operating in the global Polyolefin Pipe market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

    • Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

    • Analysis of market-entry and market expansion strategies.

    • Competitive strategies by identifying ‘who-stands-where’ in the market.