Plastics pipes market set for growth

17-Jul-07

Global sales of plastics pipes are projected to rise to 7.3 billion metres by 2010, as per US research group Global Industry Analysts. It expects the fast growing economies of Asia-Pacific, along with rising demand in the Middle East and Latin America, to support the market for plastics pipes. Telecommunications and natural gas distribution systems are key areas for this growth. In addition, advancements in drinking water transfer systems, and sewage and drainage systems are also expected to drive market expansion. PVC is the largest market segment but the group also highlighted potential for gains by polyethylene and polypropylene pipes. PE is the second largest segment and sales of PE pipes are expected to reach 2.3 billion metres by 2010. Introduction of higher quality HDPE pipes is adding to the growing market for 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. PP pipes is a relatively small segment, but this is projected to grow at a compound annual growth rate of 6.8% through 2010.