(PRWEB UK) 29 December 2012
Large Diameter Pipe: US industry forecasts for 2016 & 2021 states that US demand for large diameter pipe is projected to rise 6.2 percent annually to 2016 to 197 million feet. For the purposes of this study, large diameter pipe is defined as pipe with a diameter exceeding 15 inches. Large diameter pipe sales increases will be due primarily to the deteriorating water and wastewater networks. Many pipe projects were put on hold during the 2006 - 2011 period due to state and municipal budget concerns. However, spending on public infrastructure projects by states and municipalities is expected to improve going forward, which will stimulate pipe demand. Additionally, the need to expand oil and gas transmission lines will benefit advances. Demographic trends will also impact demand, as the US population continues to migrate toward the less developed South and West regions of the country.
In value terms, demand for large diameter pipe is forecast to grow 7.1 percent per year to $9.8 billion in 2016, reaching a total weight of 35 billion pounds. Price increases will decelerate from the growth seen over the 2001-2011 period, as the cost of raw materials is expected to moderate.
Sewers, which include both storm and sanitary sewers, will continue to be the leading market for large diameter pipe to 2016, accounting for one-half of total demand. Sanitary sewers will be the faster growing of the two sectors, benefiting from the need to repair and replace public infrastructure. Gains in large diameter storm sewer pipe will come in large part from the US population migrating toward the less developed South and West regions of the country. Additionally, Environmental Protection Agency (EPA) mandates will provide opportunities for growth, as regulations regarding combined sewer overflows have become more stringent.
View the report: Large Diameter Pipe: US industry forecasts for 2016 & 2021