(PRWEB UK) 16 May 2013
Global water pipe market demand is forecast to increase 6.8% per year through 2017 to almost 14 billion meters, an acceleration from the pace of the 2007-2012 period. Advances will result from two key factors: in developing nations, access to water supply and sanitation will be increased; in developed nations, a rebound in construction spending will boost demand for building pipe. Plastic pipe will post the strongest gains, as these types continue to displace concrete and metal materials in a range of markets, particularly water distribution.
According to the report 'World Water Pipe to 2017', China alone is forecast to account for one-half of the increase in global water pipe demand generated between 2012 and 2017. The country's vast population makes infrastructure and sewage system development a necessity, supporting demand by households that previously did not have a piped water supply. Other industrializing countries in Asia, such as India and Indonesia, and in the Africa/Mideast region will also contribute to overall water pipe demand.