Plastic Continues to Capture Share of the US Pipe Market

CLEVELAND, Oct. 27, 2020 /PRNewswire/ --A US demand for pipe is forecast to reach $47.4 billion in 2024, with a particularly strong market performance expected for plastic pipe, as materials such as PVC and HDPE continue to gain share over other material types like metal in many applications due to such benefits as:
Plastic Continues to Capture Share of the US Pipe Market

corrosion resistance a?? key for such applications as sewers and buried pipe applications with acidic soils

flexibility, which is important for trenchless installation

low cost per linear foot due to their light weight

In addition, pipe replacement projects are expected to benefit suppliers of plastic pipe. Many communities are facing the replacement of aging water and sewer infrastructure, resulting in good growth for these sizable end markets for PVC and HDPE pipe.Plastic Pipe Demand Growth Expected to Outpace Overall Market Average Through 2024Plastic pipe demand is forecast to rise 3.5% per year through 2024, a faster rate than expected for overall pipe demand. Advances will be driven by increased water and sewer supply construction spending as urgency to update outdated infrastructure in the US continues to grow.
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