The global pipe market demand for the next five years "big" in China
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“The markets of several major Asian countries will grow rapidly, and China alone will account for 40% of the global demand for plastic pipe.†The relevant person in charge of the above-mentioned organization pointed out that the global pipe market will grow by 5.8% annually, equivalent to 31.5 billion meters.
Among them, demand for plastic pipe in the Asia Pacific region will increase by 6.1%, North America will increase by 6.1%, Africa by 6%, Eastern Europe by 5.1%, South America and Central America by 4.9%, and Western Europe by 2.9%.
In general, the global market growth rate decreased from 2005 to 2010, although Europe and North America resumed growth after shrinking by 1.9% and 7.8% respectively.
In terms of materials, the consumption of these small-volume tubings for ABS, GRP and PP materials will increase at an above-average rate as end-users become more familiar with the technical characteristics and performance of these materials.