Plastic Pipe Demand to Grow 6.5% Annually Through 2022
CLEVELAND, March 5, 2019 /PRNewswire/ -- Demand for plastic pipe is projected to rise at a strong 6.5% annual pace to $15.5 billion in 2022. Plastic pipe will continue to capture market share from more traditional metal and concrete pipe materials - especially in small and medium diameters - due to its superior high-pressure resistance properties, which boosts its use in drain, waste, and vent (DWV), potable water, and pressurized sewer applications. These and other trends are presented in Pipe: Products & Markets, a new study from The Freedonia Group, a Cleveland-based industry research firm.
More information about this study is here: https://www.freedoniagroup.com/industry-study/pipe-products-markets-3675.htm
Among plastic resins, PVC will account for the majority of plastic pipe demand in 2022. PVC will be supported by its leading market positions in storm and sanitary sewer, DWV, and conduit applications. However, HDPE and PEX will see the most rapid growth of all plastic pipe types through 2022, driven by growing interest in their flexibility and ease of installation.
Demand for pipe overall is forecast to advance 6.6% annually to $51.1 billion in 2022, rebounding strongly from declines posted during the 2012-2017 period. The oil and gas market will remain the largest outlet for pipe through 2022 and is expected to post the fastest growth of any market due to an expected rebound in drilling activity. Increased building construction activity will support demand in a variety of markets, including water distribution, conduit, and DWV pipe.
Pipe: Products & Markets (published 01/2019, 263 pages) is available for $5800 from The Freedonia Group. Please link citations to https://www.freedoniagroup.com/Plastic-Competitive-Pipe.html
About The Freedonia Group, a division of MarketResearch.com - The Freedonia Group is a leading international industrial research company publishing more than 100 studies annually. Since 1985, we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Additional Construction & Building Products studies can be purchased at www.freedoniagroup.com, www.marketresearch.com and www.profound.com.
Press Contact:
Corinne Gangloff
+1 440.684.9600
cgangloff@freedoniagroup.com
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SOURCE The Freedonia Group
