Plastic growth to exceed other materials in pipe market

Published: October 31, 2012 6:00 am ET

Related to this story

Topics Construction, Pipe/Profile/Tubing

CLEVELAND (Oct. 31, 11:40 a.m. ET) — U.S. demand for pipe is expected to grow 6.2 percent per year to $50.1 billion in 2016, with plastic growing faster than other materials, according to a new market study.

Growth will be driven by rebound in building construction expansion of oil and gas exploration and the need to replace aging water pipe networks.

Plastic growth will be driven by resin improvements that enhance pipe performance, according to the report, “Plastic & Competitive Pipe,” by Cleveland-based Freedonia Group Inc.

PVC, which accounted for more than one-half of all plastic pipe demand in 2011, will remain the leading plastic resin, and in fact will grow at a nearly double-digit rate.

High density polyethylene will take market share from concrete, PVC, and steel pipe in drainage, storm sewer, and potable water applications.

Steel pipe will remain the leading material in value terms, accounting for $28.5 billion in 2016.

The 314-page report costs $5,300.


Comments

Plastic growth to exceed other materials in pipe market

Published: October 31, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Snow blamed for roof collapse at Pennsylvania pipe maker

March 3, 2015 4:51 pm ET

Heavy snow is likely to blame for bringing down part of the roof of a Charter Plastics Inc. facility in Titusville, Pa., about 3 p.m. March 3.    More

Image

Ukrainian crises eats into plans for building materials firm Masterplast

March 2, 2015 10:03 am ET

Hungarian building materials manufacturer Masterplast Nyrt. saw its earnings fall in 2014 after the worsening Ukraine crisis forced it to write off...    More

Image

German molder picks North Carolina for US manufacturing plant

February 26, 2015 4:21 pm ET

UPDATED — German medical goods company Raumedic AG has chosen Mills River, N.C., for its first U.S. manufacturing site and U.S. headquarters.    More

Image

Serbia puts Krušik-Plastika up for sale

February 26, 2015 11:39 am ET

The Serbian Privatization Agency has launched the privatization process for local plastics maker Krušik-Plastika. The agency says it is...    More

Image

Uponor invests $18 million for more PEX pipe capacity

February 23, 2015 5:09 pm ET

UPDATED — In late spring, Uponor North America will begin construction of an $18 million expansion of its manufacturing operation in Apple Valle...    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events