02 May Global Plastic Pipe Demand to Grow 8.5%
Global Plastic Pipe Demand to Grow 8.5%
Global demand for plastic pipes will increase 8.5% annually to 2017, spurred on by a rebound in demand in the US market, according to a new report from Freedonia.
Between 2007 and 2012, global demand increased only 2.4%.
Recovery in the US construction market will boost an annual increase in US demand of 9.8% until 2017, compared to a decrease of 7.1% between 2007 and 2012. Similarly, western Europe, which saw a decrease in demand over the past six years, will see demand grow 5% to 2017.
Asia will see demand increase 9.7%, slightly down from 11% between 2007 and 2012.
Demand for plastic pipe will also be boosted because of plastic replacing other materials, often copper, concrete or steel, in pipe applications.
PVC is the most common resin used in pipes, accounting for more than 55% of demand in 2012. However, HDPE will take market share from PVC in many construction applications moving forward, says Freedonia.
See complete European Plastics News article here: