World Plastic Pipes Market to Top 7 Billion Meters by 2010
Growing use of plastic pipes in place of traditional materials such as steel, copper, and cast iron is expected to drive growth in the market. Rapidly growing economies in Asia-Pacific, Middle East, and Latin America are expected to propel demand for plastic pipes in telecommunications and natural gas distribution systems-increasing the market to 7.3 billion meters by 2010, according to "Plastic Pipes: A Global Strategic Business Report" from Global Industry Analysts, Inc.
In addition, advancements in drinking water transfer systems, and sewage and drainage systems are also expected to drive market expansion. China is one of the key markets shaping Asian as well as global dynamics. Introduction of high-quality, less toxic products such as High Density Polyethylene pipes is adding to the growing market for polyethylene (PE) pipes. Demonstrating traits such as joint integrity, flexibility, trench laying capability and sturdiness, use of HDPE pipes is growing at a faster pace in potable water piping systems, and corrugated drainage and gas systems. Crosslinked PE (PEX), another type of PE pipe, is being increasingly used in underfloor radiant heating applications.
United States is the largest market for plastic pipes worldwide estimated at 2.1 billion meters in 2007. Europe is the second largest market followed by Asia-Pacific at third position. Europe, US and Asia collectively account for close to 80% of the global plastic pipes market. The global and regional markets are expected to grow at CAGRs ranging between 3% and 7%. PVC pipes represent the largest market segment estimated at about 4 billion meters in 2007. PE pipes is the second largest segment with sales expected to reach 2.3 billion meters by 2010. PP pipes is a relatively small segment projected to grow at a CAGR of 6.8% through 2010.
The global marketplace is characterized by the presence of participants such as A.G. Petzetakis, Advanced Drainage Systems, Inc., Amanco, Chevron Phillips Chemical Co. LLC, EgePlast A. S, IPEX, Inc, J-M Manufacturing Co., Inc., KWH Pipe Ltd, National Pipe and Plastics Inc., North American Pipe Corp., Pipelife International GmbH, Polypipe Plc, PW Eagle, Inc., Royal Pipe Systems, Sekisui Chemical Co. Ltd, Tessenderlo Group, Uponor Corp. and Wavin N.V.
"Plastic Pipes: A Global Strategic Business Report" provides a comprehensive review of market trends, drivers, product profile, players, competition, technological developments, recent developments, mergers, acquisitions, and other strategic industry activities. Analysis is presented for major geographic markets such as United States, Japan, France, Germany, the UK, Italy, Spain, Asia, Latin America and the Middle East. Volume analytics are provided in terms of product segments including PVC pipes, PE pipes, PP pipes and other plastic pipes. For more details about this research report, please visit www.strategyr.com/MCP-1173.asp.