July 17, 2020
According to the research report titled ‘Global Double Walled Corrugated HDPE Pipe Market Size study with COVID-19 impact, by Product Type (Sn4 Double Wall Corrugated Pipes, Sn8 Double Wall Corrugated Pipes, Others), by Application (Power Cable Conduit and Telecom Cable Duct, Drainage and Sewerage Lines, Building and Construction) and Regional Forecasts 2020-2026’, available with Market Study Report LLC, global double walled corrugated HDPE pipe market is expected to register significant growth by the year 2026.
For those uninitiated, DWC (double walled corrugated) HDPE pipes are HDPE pipes having unique external & internal surfaces which offer additional strength and stiffness. These pipes are made using high density polyethylene that provides with longer life cycle. Moreover, double walled corrugated HDPE pipes are lightweight and are employed for applications such as non-pressure underground sewerage, rainwater harvesting system and draining & cross drainage in buildings. The product is also used for underground cable protection & management for telecom & signal, power, and optical fiber cables.
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Rising adoption of double walled corrugated HDPE pipes in construction sector and telecom industries along with growing inclination towards rainwater harvesting are key factors driving the market growth. In fact, a study by DIPP (Department of Industrial Policy and Promotion) stated that around USD 24.91 billion FDI (foreign direct investments) was generated for construction development sector in India between April 2000 and December 2018.
However, the COVID-19 pandemic has caused various industries to face challenges owing to the strict lockdown imposed in order to counter the spread of the disease, which in turn may negatively impact the growth of double walled corrugated HDPE pipe industry. Additionally, fluctuating prices of raw materials may also act as a restraining factor to the overall market expansion.
Regionally, the market is divided into North America, Asia-Pacific, Europe and Rest of the World with key focus on Canada, U.S., Japan, India, China, Germany, UK, Mexico and Brazil.
Major companies in global double walled corrugated HDPE pipe industry are Tianjin Junxing Pipe Group Co. Ltd., Weida (M) Bhd, ResinTech Inc., PARS Ethylene Kish Co., Euro Em S.r.l., Bina Plastic Industries Sdn Bhd, Tijaria Polypipes Ltd., Corma Inc., Kuzeyboru Plastic Pipe Ltd. and Hebeish among others.