Description
Americas PPR (Pipes and Fittings) And HDPE (Pipes and Fittings) Market Forecast to 2027
Market Overview
The growing construction industry and rise in demand for HDPE pipes in industries will spur market growth. The Americas PPR (pipes and fittings) and HDPE (pipes and fittings) market has been segmented based on type and application. PPR (pipes and fittings) and HDPE (pipes and fittings) are utilized for a variety of applications in different end-use industries.
Both PPR (Pipes and fittings) and HDPE (Pipes and fittings) are manufactured from plastic polymers. These pipes are made from Polypropylene and Polyethylene Random Copolymer plastic, produced through a continuous extrusion process.
The Americas PPR (pipes and fittings) and HDPE (pipes and fittings) market is driven by factors such as the growing construction industry and demand for HDPE pipes. However, the volatile raw material prices are expected to restrain the market growth. The increase in operations and maintenance activities is expected to create opportunities for the market players.
Market Segmentation
Based on type, the Americas market has been segmented into K type, L type, and M type. In 2020, the K-type segment accounted for the largest market share of 41.60%, with a market value of USD 1,616.9 million. It is projected to register a 4.1% CAGR during the projected timeframe.
Based on application, the Americas market has been segmented into hydraulics, HVAC & refrigeration, plumbing, and others. In 2020, the plumbing segment accounted for the largest market share of 39.92%, with a market value of USD 1,551.7 million. It is projected to register a 3.6% CAGR over the forecast period.
On the basis of country, in 2020, the US accounted for the largest market share of 53.60%, with a market value of USD 2,083.3 million. It is projected to register a 3.7% CAGR over the projected period.
Regional analysis
Based on country, the report on the Americas PPR (Pipes & Fittings) and HDPE (Pipes & Fittings) market has been segmented into the US, Canada, Mexico, Argentina, Brazil, and Peru, Central America, and the Rest of the Americas.
The US has emerged as one of the largest markets for PPR & HDPE pipes in America owing to high investments by the government in industrial US applications. Growing demand for high-strength, durable, and lightweight pipelines for industrial applications. The market growth in the region can be attributed to increasing urbanization and higher disposable income.
Increasing Cost-effective pipelines and an increasing number of businesses and manufacturing sectors realizing the growing benefits of outsourcing are driving the growth of PPR (Pipes and fittings) and HDPE (Pipes and fittings) market in the US.
Large companies such as ISCO Industries, Inc., Ferguson Enterprises, LLC, and Aquatherm in the US provide high-performance pipelines in the pipes and fittings across the country, and it is expected to support the growth of the market.
Major Players
The major players in the Americas PPR (Pipes and fittings) and HDPE (Pipes and fittings) market are ISCO Industries, Inc., Pipeline Plastics, LLC, Ferguson Enterprises, LLC, Aquatherm, Pestan, Poloplast America, Inc., AGRU America, Inc., WL Plastics, United Poly Systems, and Ryan Herco Flow Solutions.
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