Rapidly growing economies in Asia-Pacific, Middle East and Latin America are expected to drive the world’s demand for plastic pipe sales to 7.3 billion meters by 2010, according to a new report by Global Industry Analysts Inc.
In “Plastic Pipes: A Global Strategic Business Report,” it is uncovered that while the United States remains the largest market for plastic pipe, China, specifically, is a key market to watch, since it has undertaken infrastructure overhauls and is experiencing a construction boom.
Plastic pipes are used in drinking water systems, and sewage and drainage systems, as well as telecommunications and natural gas distribution. In the report, PVC pipe represented the largest plastic pipe segment, estimated at about 4 billion meters in 2007. PE pipe was the second largest segment, with sales expected to reach 2.3 billion meters by 2010.
The U.S. plastic pipe market was estimated at 2.1 billion meters in 2007; Europe was second, followed by Asia-Pacific. These three markets collectively account for nearly 80 percent of the global plastic pipes market.
For more details about the report, visit www.strategyr.com/MCP-1173.asp.