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The global polyolefin pipes market size is expected to reach USD 29.12 billion by 2030 according to a new study by Polaris Market Research.
Sprinkler and drip irrigation, which provide good growth potential, continue to drive industry growth during the forecast period. Sprinkler irrigation is a sophisticated irrigation method in which water is sprayed through nozzles connected to the same network of pipes and supplied under pressure. This irrigated agriculture method is more efficient in application and distribution, resulting in significant water savings. The advancement of sprinkler irrigation was accelerated after World War II, and it has seen tremendous growth, particularly in Europe and the United States.
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It serves nearly half of the irrigated area. Further, sprinklers and irrigation are being developed to varying degrees in other countries worldwide. A large amount of water can be transported through a large diameter pipe with almost no transmission losses. As a result, the industry is expected to expand in the coming years. It is feasible to build irrigation facilities in a bigger region using the same amount of water by introducing the polyolefin pipe conveyance system in conjunction with sprinkler and drip irrigation for the crop.
In conjunction with pressurized irrigation methods, water conveyance is practiced in many countries. For instance, The Government of India has been incorporating the Centrally Sponsored Scheme on Micro Irrigated agriculture to increase water productivity in agriculture by helping to promote appropriate technological initiatives such as drip and sprinkler irrigation innovations and encouraging farmers to use water-saving and conservation innovations.
Based on the application, the industrial segment accounted for the leading share in the market. Polyolefin pipes are commonly used in industrial applications where pipelines are subjected to harsh and extreme weather conditions. These joints are self-restrained. Due to the massive flexible nature of PE, it enhances pressure surges, extending the life of the pipeline and lowering maintenance costs.
Major players include Future Pipe Industries, Aliaxis, Aquatherm, Chevron Phillips Chemical Company, Thai-Asia P.E. Pipe Co., Ltd., GF Piping Systems, AGRU, JM Eagle, Advanced Drainage Systems, Prinsco, Radius Systems, United Poly Systems, and WL Plastics are some key players operating in the global market.
In January 2021, Georg Fischer’s GF Piping division acquired FGS Brasil Industria e Comércio. FGS is the leading producer of pipes and fittings in Brazil, with two manufacturing facilities in Cajamar and the Greater Recife/Pernambuco area, providing the local water, gas, and gas well as other industrial sectors. Brazil is implementing a major government infrastructure investment initiative, particularly in the water and gas power sectors.
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Polaris Market Research has segmented the polyolefin pipes market report based on type, application, end-use, and region:
Polyolefin Pipes, Type Outlook (Revenue – USD Billion, 2018 – 2030)
Polyolefin Pipes, Application Outlook (Revenue – USD Billion, 2018 – 2030)
Polyolefin Pipes, End-Use Outlook (Revenue – USD Billion, 2018 – 2030)
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