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India HDPE Pipes Market:Segmentd: By Application (water & wastewater, irrigation, and oil & gas); By End-User (Transport, Power, Building & Infrastructure, Telecommunication and Others); By Product Type(Micro Ducts, Pathways, Standard Ducts, and Others); and Region -Analysis of Market Size, Share & Trends for 2016 - 2019 and Forecasts to 2030
India Hdpe Pipes market to surpass USD 36932.2 million by 2030, which is valued at 12560 million in 2021 at a compound annual growth rate of 11.4%.
HDPE pipes are made of polyethylene resin and are used to carry oil, gas, water, wastewater, and other substances effectively and are often referred to as thermoplastic pipes. Such pipes have many advantages, making them ideal to be used in many industries vertical. These pipes may be fused into a solid joint so that they do not leak. It reduces the chance of leakage which is normally found in PVC and iron ductile pipes. Such types of tubes do not wear out easily and can be exposed to intense and constant strains. They are also very flexible, making them suitable for regions vulnerable to earthquakes. One of the major benefits of using HDPE pipes is their lightweight property, which is generally 6-8 times lighter than cast iron and galvanized iron pipes. Owing to its strong chemical resistance properties, HDPE pipes can be conveniently molded together. Moreover, they are not corrosive, making them an excellent alternative for various applications.
According to the report, India's growing demand for electricity has enhanced its existing power generation capacities by driving players in the power sector. Existing capacity increases relating to the development of facilities for energy production, which consequently raises the demand for HDPE pipes or channels. Furthermore, as demand for electricity from India's manufacturing sector continues to grow, the government of India intends to tackle the supply-demands gap which is aimed to produce 175GW of renewable energy by the year 2022. All the factors listed above have had a beneficial effect on the market as HDPE is used considerably in power plant transmission systems, particularly in renewable energy plants.
Indian market has been segmented based on product, application, end-user, and location. It has been further segmented by countries into the eastern, western, northern, and southern regions.
India Hdpe Pipes Market is segmented by product type into Micro Ducts, Pathways, Standard Ducts, and Others.
In the telephone, cable, broadband, Wi-Fi / Wireless Internet access, and pipeline control (SCADA) and intelligent transport systems (ITS), HDPE micro ducts are used. The HDPE microchannels provide smooth, clean, negligible friction microfiber cable placement that minimizes the damage to those cables. This will lower the risk of damage. The low friction coefficient in HDPE micro ducts allows for long-term positioning of microfiber using a blowing device.
India HDPE Pipes market is segmented by end-user into Transport, Power, Building & Infrastructure, Telecommunication, and Others mIn order to strengthen communication connectivity, particularly in rural areas, the Indian Government is taking numerous measures. The government's initiative to enhance connectivity thus increases the demand for HDPE pipes or pipes that safeguard cables in the telecommunication sector.
India HDPE Pipes market is segmented by application into water & wastewater, irrigation, and oil & gas Water demand is anticipated to grow due to the increasing population and economic expansion. Numerous government and non-governmental policies and legislation have been provided with this opportunity. These government agencies are focusing on increased investment in water infrastructure and services to meet future demand.
Electricity demand in India
India's growing demand for electricity has enhanced its existing power generation capacities by driving players in the power sector. Existing capacity increases relating to the development of facilities for energy production, which consequently raises the demand for HDPE pipes or channels. Furthermore, as demand for electricity from India's manufacturing sector continues to grow, the government of India intends to tackle the supply-demands gap which is aimed to produce 175GW of renewable energy by the year 2022. All the factors listed above have had a beneficial effect on the market as HDPE is used considerably in power plant transmission systems, particularly in renewable energy plants.
Application in packaging industry
The demand for high-density polyethylene pipes is expected to grow as it finds its area of application in agricultural production for supplies of water continues to rise, and because of their extraordinary resistance to degradation other its application in other agricultural activities such as drainage and irrigation. The Government of India launched Pradhan Mantri Krishi Sinchai Yojana (PMKSY) to increase demand for HDPE-derived pipes in the projected timeline to improve irrigation sources in agricultural fields.
Availability of substitutes
The availability of substitutes and inexpensive counterfeit products may hinder the growth of the market. Most people still prefer to use iron or plastic pipes as they are comparatively less costly hence hampering the market growth of HDPE pipes. Moreover, volatile prices of raw material due to variation in prices of crude oil may restrict the market growth.
India is anticipated to rise significantly on the High-Density Polyethylene (HDPE) piping market as a result of increased agriculture and industrial activities. The Government of India launched Pradhan Mantri Krishi Sinchai Yojana (PMKSY) to increase demand for HDPE-derived pipes in the projected timeline to improve irrigation sources in agricultural fields. Also, in oil and gas exploration and manufacturing operations, demand for pipeline infrastructure is growing which in turn increases the demand for HDPE pipes in the Asia Pacific is expected to increase. When it comes to communication and digitization, India offers numerous opportunities with an enormous and constantly growing consumer base. To encourage internet links to rural areas, in particular, the government of India is taking many initiatives. The initiative by the government to strengthen connectivity thus increases the demand for HDPE pipes or channels as they are being used to protect cables in the telecommunications sector.
With many players around India, the Indian HDPE pipe market is strongly competitive. Such companies have taken a range of approaches aimed at growing their worldwide reach and market share. Some of the key approaches taken by the major players include the creation of new goods, fusions, procurements, and strategic alliances and collaborations.
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