Global plastic water pipe demand projected to grow 8.1% annually

02 May 2013 21:12  [Source: ICIS news]

HOUSTON (ICIS)--Plastic water pipe demand is expected to grow by 8.1% annually through 2017 to 7.8bn metres on substantial increases in construction, especially in the US market, a research firm said on Thursday.

The most widely used plastic pipe resins are polyvinyl chloride (PVC) and high density polyethylene (HDPE), which held an 85% share of the global plastic water pipe market in 2012, according to a study by the Cleveland-based industry research firm The Freedonia Group.

Of the total plastic water pipe demand projected for 2017, PVC demand is gauged at 4.7bn metres and HDPE at 1.8bn metres, Freedonia said.

After plastics, copper is the next most used material in water pipes, with projected demand at 2.4bn metres in 2017.

Plastic will continue to take market share from other materials, while copper will remain the second most common water pipe material. However, the high price of copper will limit its use in large diameter applications, according to Freedonia.



By: Ron Coifman
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