Worldwide demand for plastic pipe is forecast to increase 4.6 percent annually through 2012 to 8.2 billion meters, or 18.2 million metric tons, according to a study by The Freedonia Group (www.freedoniagroup.com). Freedonia says gains will be based on continued strong prospects in developing nations, particularly in China, which figures to see 30 percent of overall length demand gains for plastic pipe between 2007 and 2012.
Despite below-average growth, Feedonia predicts developed countries will continue to account for the majority of total plastic pipe demand. These regions (Western Europe and North America, as well as certain nations in the Asia/Pacific region, such as Japan and Australia) have the highest levels of pipe use intensity. However, they are also comparatively mature markets, where growth in construction activity tends to be well below the global average, inhibiting growth rates for plastic pipe, according to Freedonia.