What is Global PE Pipe Resin Market?
The Global PE Pipe Resin Market is a comprehensive study of the global market trends and growth prospects for Polyethylene (PE) Pipe Resin. This market is a crucial component of the global plastics industry, with its products being used in a wide range of applications, from water supply and sewage systems to oil and gas pipelines. The market's value was estimated at US$ 6552.6 million in 2022, and it is projected to grow to US$ 7591.9 million by 2029, reflecting a Compound Annual Growth Rate (CAGR) of 2.1% from 2023 to 2029.
PE 100, PE 80, Other in the Global PE Pipe Resin Market:
The Global PE Pipe Resin Market is segmented into PE 100, PE 80, and others. PE 100 and PE 80 are the most commonly used types of PE pipe resin, owing to their superior properties such as high density, high molecular weight, and excellent resistance to environmental stress cracking. These types of PE pipe resin are primarily used in the construction of water supply pipes, sewage and drainage pipes, oil and gas pipes, and agriculture pipes. The "others" segment includes various other types of PE pipe resin that are used in less common applications.
Water Supply Pipe, Sewage & Drainage Pipe, Oil & Gas Pipe, Agriculture Pipe, Others in the Global PE Pipe Resin Market:
The Global PE Pipe Resin Market finds its applications in various areas such as water supply pipes, sewage and drainage pipes, oil and gas pipes, agriculture pipes, and others. The water supply pipe segment is the largest application area for PE pipe resin, owing to its excellent properties such as high density, high molecular weight, and excellent resistance to environmental stress cracking. The sewage and drainage pipe segment is the second largest application area, followed by the oil and gas pipe segment. The agriculture pipe segment is expected to witness significant growth in the coming years, driven by the increasing demand for efficient irrigation systems. The "others" segment includes various other applications of PE pipe resin.
Global PE Pipe Resin Market Outlook:
The Global PE Pipe Resin Market is primarily concentrated in North America, which accounts for about 30% of the global production. The region is home to some of the leading producers of PE pipe resin, including LyondellBasell, Dow, and Borealis, which collectively account for about 30% of the total production. These companies have a strong presence in the market, with extensive product portfolios and a wide distribution network. They are also engaged in various research and development activities to develop new and improved products to meet the changing needs of their customers.
| Report Metric | Details |
| Report Name | PE Pipe Resin Market |
| Accounted market size in 2023 | US$ 6552.6 million |
| Forecasted market size in 2030 | US$ 7591.9 million |
| CAGR | 2.1% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | LyondellBasell, DuPont, Borealis, SABIC, Chevron Phillips Chemical, Ineos, Braskem, Total, Exxon Mobil, SINOPEC |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
