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Industry News

China's demand for plastic pipes will still grow at 9%

Release time: 2016-04-13 22:58 1411 views
[China Plastic Machinery Network Industry News] It is understood that the demand for plastic pipes in the construction industry is the highest. Although China's domestic construction expenditure will slow down, as the world's largest plastic pipe market, by 2019, China's demand for plastic pipes will still increase at an annual growth rate of about 9%. At the same time, the continued recovery of the construction industry and the completion of housing will rapidly drive the demand for plastic pipes in the United States.

China's demand for plastic pipes will still grow at 9%
  
IKEA's authoritative market research company (Reportlinker) extracts demand data for 2004, 2009 and 2014, and also takes into account environmental factors, predicting market trends and resin demand for 24 countries in 6 regions around the world (2019 and 2024). The report said that global demand for plastic pipes is expected to increase at an annual growth rate of 6.5% to reach 20.6 billion meters in 2019. Among them, the demand for plastic pipes (PVC pipes) will increase in 2019, reaching 30.3 million tons. HDPE pipeline demand will rise at an annual growth rate of 7.2%, reaching 17.5 million tons in 2019. The report assesses the company's market share and lists 31 global competitors such as Mexi Chemical (Mexico), Formosa Plastics (US), Liansu (China), Aliaxis (Belgium), Sekisui Chemical (Japan), FuturePIpe (United Arab Emirates) and Formosa Plastics (Taiwan).
  
The strong development of the construction industry, especially the two large markets of China and the United States, will promote the demand for plastic pipes, because plastic pipes are widely used in both construction and non-building fields. Compared to concrete, copper, and steel pipe materials, the performance, cost advantages, and ease of installation of plastics will also promote their use.