Press release
Key Factors to Fuel Growth of the Plastic and Competitive Pipe Market through 2020
The application of plastics and competitive pipes are used in building and construction industry, electrical and electronics industry, chemical and petroleum industry. The growing expenditure on building construction further increases the demand of plastics and competitive pipe. Increasing construction of residential market, increasing housing completions and growing construction of kitchen and bathroom leads to boost the demand for drain, waste, and vent pipe. To conduct proper electrical and telecommunication wiring, use of plastics pipe is growing in non-residential building. Building and construction industry contributed the largest share in global market of plastics and competitive pipe.
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Due to its low cost, high durability and compression the use of steel pipe is growing in oil and gas industry. Activities such as drilling and distribution of gas pipeline further increase the demand of steel pipes. Among all material, steel pipes accounted the largest share in global competitive pipe market. Various government projects regarding investment on gas pipeline distribution further boost the market of plastics and competitive pipe.
In North America, plastics and competitive pipe market is growing due to various government investment over gas exploration and municipal infrastructure in wastewater pipeline distribution. The huge investment on residential and commercial building construction in developing countries of Asia Pacific further boosts the plastics and competitive pipe market.
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Some of the major companies operating in global plastic and competitive pipe market are McWane, Inc, Advanced Drainage Systems Incorporated, Alcoa Incorporated, American Cast Iron Pipe Company, AMSTED Industries Incorporated, Can Clay Corporation, CONTECH Engineered Solutions LLC, Cretex Companies Incorporated, Atkore International Holdings Incorporated, Pipelife Jet Stream and United States Pipe and Foundry Company LLC.
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