{"id":130137,"date":"2024-03-24T02:08:26","date_gmt":"2024-03-24T06:08:26","guid":{"rendered":"https:\/\/v2fr5er78d.funnewsdaily.com\/books\/polyolefin-pipe-market-is-expected-to-soar-to-us-39-5-billion-by-2034-with-a-steady-cagr-of-5-9-from-2024\/"},"modified":"2024-03-24T02:08:26","modified_gmt":"2024-03-24T06:08:26","slug":"polyolefin-pipe-market-is-expected-to-soar-to-us-39-5-billion-by-2034-with-a-steady-cagr-of-5-9-from-2024","status":"publish","type":"post","link":"https:\/\/v2fr5er78d.funnewsdaily.com\/books\/polyolefin-pipe-market-is-expected-to-soar-to-us-39-5-billion-by-2034-with-a-steady-cagr-of-5-9-from-2024\/","title":{"rendered":"Polyolefin Pipe Market is Expected to Soar to US$ 39.5 Billion by 2034, with a Steady CAGR of 5.9% from 2024"},"content":{"rendered":"

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The increasing adoption of polyolefin pipes by farmers for irrigation systems, alongside their use in urban cable safety, is driving market growth. In South Korea, governmental focus on water preservation and availability in remote areas is boosting demand, particularly in wastewater treatment projects where polyolefin pipes play a crucial role. This dual demand from agricultural and infrastructure sectors is propelling the market’s expansion.<\/h2>\n

NEWARK, Del, March 21, 2024 (GLOBE NEWSWIRE) — The polyolefin pipe market<\/a> is estimated to be valued at US$ 22.3 billion<\/strong> in 2024. The market is anticipated to progress at a CAGR of 5.9%<\/strong> from 2024 to 2034. The valuation of the market is forecasted to reach US$ 39.5 billion<\/strong> by 2034.<\/p>\n

With governments focusing on providing water for all, there has been a widespread increase in piping systems. These piping systems are making use of polyolefin pipes for their lightweight but still tough nature. Thus, the polyolefin pipe market is making excursions into remote areas.<\/p>\n

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Farmers are making use of polyolefin pipes at an increasing rate, with the pipes finding a prominent place in sprinkler and drip systems. The rise of agricultural activities is thus propelling the market. On the other hand, the pipes are also integral to the working of the urban space, providing safety to the cables that connect the modern world.<\/p>\n

The environmentally-conscious crowd has made the sale of products that prominently use plastic more difficult. Polyolefin pipes are no exception, as regulatory authorities have imposed measures on the sale of products made from plastic. Another restraint for the market is the tough environmental conditions that have the potential to disrupt the working of the pipes, even with their solid structure.<\/p>\n

\u201cWith a focus on sustainability and energy-saving, natural gas use is proliferating. The enhanced demand for equipment that helps in the distribution of natural gas and polyolefin pipes is propelling the market forward,\u201d <\/em><\/strong>– <\/strong>Nikhil Kaitwade<\/a> (Associate Vice President at Future Market Insights, Inc.)<\/p>\n

Key Takeaways from the Polyolefin Pipe Market Report <\/u><\/strong><\/p>\n