The study involved four major activities in estimating the market size of the HDPE pipes market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources have been referred to for identifying and collecting information for this study. These secondary sources include annual reports, press releases, investor presentations of companies, white papers, certified publications, trade directories, articles from recognized authors, the gold standard and silver standard websites, and databases.
Secondary research has been used to obtain key information about the value chain of the industry, the monetary chain of the market, the total pool of key players, market classification, and segmentation according to industry trends to the bottom-most level and regional markets. It was also used to obtain information about the key developments from a market-oriented perspective.
Primary Research
The HDPE pipes market comprises several stakeholders in the value chain, which include raw material sourcing, manufacturing and formulation, packaging and distribution, and end users. Various primary sources from the supply and demand sides of the HDPE pipes market have been interviewed to obtain qualitative and quantitative information. The primary interviewees from the demand side include key opinion leaders in the electronics chemicals sectors. The primary sources from the supply side include manufacturers, associations, and institutions involved in the HDPE pipes market industry.
Primary interviews were conducted to gather insights such as market statistics, data on revenue collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to type, scale, application, end-user and region. Stakeholders from the demand side, such as CIOs, CTOs, and CSOs, were interviewed to understand the buyer’s perspective on the suppliers, products, fabricators, and their current usage of HDPE pipes market and the outlook of their business, which will affect the overall market.
Note: Tier 1, Tier 2, and Tier 3 companies are classified based on their market revenue in 2022, available in the public domain, product portfolios, and geographical presence.
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COMPANY NAME |
DESIGNATION |
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Supreme Industries Ltd. |
Product Manager |
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Jain Irrigation Systems Ltd. |
Marketing Personnel |
|
Astral Pipes |
Research Scientist |
|
Chevron Phillips Chemical Company LLC |
Sales Executive |
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Market Size Estimation
The top-down and bottom-up approaches have been used to estimate and validate the size of the HDPE pipes market.
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The key players in the industry have been identified through extensive secondary research.
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The industry's supply chain has been determined through primary and secondary research.
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All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
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All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
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The research includes the study of reports, reviews, and newsletters of the key market players, along with extensive interviews for opinions with leaders such as directors and marketing executives.
Data Triangulation
After arriving at the overall market size using the market size estimation processes explained above, the market was split into several segments and subsegments. The data triangulation and market breakup procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment. The data was triangulated by studying various factors and trends from both the demand and supply sides.
Market Definition
HDPE is a strong, flexible plastic pipe material made from high-density polyethylene. Its strength-to-density ratio is higher than many other materials, and it has gained popularity due to this advantage. Applications of HDPE pipes range from water supply and wastewater management to gas distribution and industrial systems. The HDPE pipe is extruded from molten polyethylene in various shapes, but usually cylindrical shapes, which are then cooled and cut to length. The important characteristics of HDPE pipes are that they provide high resistance to corrosion, chemicals, and abrasion thus, they are highly recommended for service under extreme conditions or where service longevity and minimal maintenance are significant considerations. HDPE pipes have a high resistance to impact and are light in weight with the facility of ease of installation that reduces transport cost as well as labor cost. They are preferred over more conventional materials like metal or concrete, as they are low in cost, flexible, and recyclable, thus creating an environment-friendly infrastructure development option. Also, because the inner surface is smooth, friction is reduced thereby making flow efficiency in the systems of water and gas better. The market is divided into grade-wise (PE 80, and PE 100), diameter-wise (<500 mm, 500-1000mm, 1000, 2000mm, 2000-3000 mm, >3000 mm), application-specific (Water Supply & Distribution, Waste water Management, Industrial, Agriculture, Construction and Other Applications). The Asia Pacific region is considered the leader of the market through rapid urbanization and giant infrastructure projects. North America and Europe follow the market due to modernization efforts and sustainability goals.
Stakeholders
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HDPE pipes Manufacturers
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Distributors and Suppliers of HDPE pipes
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Pipe Installation and Construction Companies
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End Users of HDPE pipes
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Engineering and Consulting Firms
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Recycling and Waste Management Companies
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Retailers of HDPE pipes
Report Objectives
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To define, describe, and forecast the size of the HDPE pipes market, in terms of value and volume.
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To provide detailed information regarding the major factors (drivers, opportunities, restraints, and challenges) influencing the growth of the market
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To estimate and forecast the market size based on Grade, application, Diameter, End-use and region.
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To forecast the size of the market with respect to major regions, namely, Europe, North America, Asia Pacific, Middle East & Africa, and South America, along with their key countries.
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To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and their contribution to the overall market.
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To analyze opportunities in the market for stakeholders and provide a competitive landscape of market leaders.
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To track and analyze recent developments such as expansions, new product launches, partnerships & agreements, and acquisitions in the market.
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To strategically profile key market players and comprehensively analyze their core competencies.
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Growth opportunities and latent adjacency in HDPE Pipes Market