30 October 2012 22:25 [Source: ICIS news]
HOUSTON (ICIS)--US demand for plastic pipe is expected to grow by 8.5%/year to $11.8bn (€9.2bn) over the next four years, driven by a rebound in building construction, a market research study said on Tuesday.
Demand for pipe is projected to grow at 6.2%/year to $50.1bn in 2016, with plastic pipe growing the fastest, according to Cleveland-based industry research firm, the Freedonia Group.
Steel pipe will continue to be the leading pipe material in value terms, at $28.5bn for 2016, Freedonia said.
Polyvinyl chloride (PVC) pipe, which accounted for more than half of all plastic pipe demand in 2011, will continue as the leading plastic resin, based on small diameter applications in potable water distribution, sanitary sewer and agricultural markets.
High density polyethylene (HDPE) was the second leading plastic pipe in 2011, and the material will continue to replace concrete, PVC and steel pipe in drainage, storm sewer and potable water applications, according to Freedonia.
($1 = €0.78)
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