Posted 3/21/2024, 5:30:00 PM
Polyolefin Pipe Market to See Steady Growth, Reaching Nearly $40 Billion by 2034 Despite Challenges
- Polyolefin pipe market valued at $22.3 billion in 2024, expected to reach $39.5 billion by 2034 with a 5.9% CAGR
- Polypropylene pipes dominate the market currently; sales growing at 5.7% CAGR
- Pipes commonly used for power, communication, waste water drainage, irrigation
- South Korea and Japan showing high market growth potential at 7.9% and 6.2% CAGRs
- Competition from environmentally conscious alternatives and tough conditions posing challenges