CLEVELAND, Sept. 13, 2022 /PRNewswire/ -- According to the new study, Storm & Sanitary Sewer Pipe, demand for storm sewer pipe is anticipated to grow 4.3% per year to $5.5 billion in 2026. Gains will be driven by:
- increased spending on sewer infrastructure
- increased spending on the construction and repair of highways, which tends to coincide with storm sewer and drainage pipe installation or replacement, as pipe is required to drain water from roads and is less costly to install while roads are being built
- improvement and repair activity on buildings, which will support gains for drainage pipe, especially in the commercial segment where drainage pipe is needed to prevent water accumulation in parking lots
Plastic was the leading pipe material used in storm sewer applications, accounting for 44% of demand in 2021:
- Plastic has increased its lead over concrete – particularly in small and medium diameters – due to performance advantages such as light weight, ease of handling, and moderate cost.
- Growth in demand for corrugated HDPE accounts for the majority of these gains.
- Other plastics such as PVC and polypropylene also see use in this segment on a more limited basis.
Advances for concrete pipe will be supported by ongoing use of concrete pipe in culverts and other applications where large diameters are required.
About the Freedonia Group - The Freedonia Group, a division of MarketResearch.com, is the premier international industrial research company, providing our clients with product analyses, market forecasts, industry trends, and market share information. From one-person consulting firms to global conglomerates, our analysts provide companies with unbiased, reliable industry market research and analysis to help them make important business decisions. With over 100 studies published annually, we support over 90% of the industrial Fortune 500 companies. Find off-the-shelf studies at https://www.freedoniagroup.com/ or contact us for custom research: +1 440.842.2400.
Press Contact:
Corinne Gangloff
+1 440.842.2400
[email protected]
SOURCE The Freedonia Group
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article