CLEVE-LAND, September 13, 2022 /PRNewswire/ — Demand for storm sewer pipes is expected to grow at a rate of 4.3% per year, according to the new Storm & Sanitary Sewer Pipe study $5.5 billion in 2026. Gains will be driven by:
- increased spending on canal infrastructure
- Increased spending on highway construction and repairs, usually coinciding with the installation or replacement of stormwater and drainage pipes, as pipes are required to drain water from roads and are less costly to install while roads are being built
- Building improvement and repair activities that will support drainage pipe profits, particularly in the commercial segment where drainage pipe is needed to prevent water accumulation in parking lots
Plastic was the leading pipe material for storm sewers, accounting for 44% of demand in 2021:
- Plastic has extended its lead over concrete – especially at small and medium diameters – due to performance advantages such as light weight, ease of handling and moderate cost.
- Most of this growth is due to increasing demand for HDPE corrugated board.
- Other plastics such as PVC and polypropylene are also used to a limited extent in this segment.
Advances in concrete pipe are aided by the continued use of concrete pipe in culverts and other applications where large diameters are required.
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SOURCE The Freedonia Group