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The global plastic pipe market is forecast to grow at a CAGR of 6.8% from 2015 to 2020
The major growth drivers for this market are infrastructure development, rise in construction activities, replacement of aging pipelines made of traditional materials, growing population, and growing urbanization rate.
In this market, polyvinyl chloride, polyethylene, polypropylene, and other resins are used to manufacture plastic pipes. The author predicts that the demand for PE (polyethylene) plastic pipes will experience the highest growth in the forecast period, supported by growing demand in the chemical sector and sewage applications. On the basis of its comprehensive research, the author forecasts that the wastewater supply, agriculture, and chemical sectors are expected to show above average growth during the forecast period.
Within the plastic pipe market, potable water supply is expected to remain the largest market after wastewater supply applications. The growth of residential and commercial construction and the boom in infrastructure development are expected to spur growth for this segment over the forecast period. Asia Pacific is expected to remain the largest market due to the growth in the construction and industrial sectors.
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pipe exhibition-The 17th China(Guangzhou) International Tube&Pipe Expo
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