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Plastic & Competitive Pipes to 2016

Pipe value demand to rise 6.2% yearly through 2016

 

Dallas, TX -- (ReleaseWire) -- 10/30/2012 -- US demand for pipe is expected to grow 6.2 percent per year to $50.1 billion in 2016. Sales of pipe will benefit primarily from a rebound in building construction. In addition, the expansion of oil and gas exploration and transmission activity, an improved outlook for state and municipal infrastructure spending, and the continued need to replace and repair the country’s aging water pipe networks will contribute to growth. In volume terms, pipe demand is forecast to rise at a 6.3 percent annual rate through 2016 to 83 billion pounds, totaling more than 12 billion feet.

Plastic continues to take market share

Plastic pipe will experience the fastest growth through 2016. Resin improvements that enhance pipe performance will enable plastic pipe to continue to take market share from other pipe materials in demanding applications. Additionally, processing improvements will allow plastic pipe to be a more cost effective option compared to other materials. Polyvinyl chloride (PVC), which accounted for approximately one-half of all plastic pipe demand in 2011, will remain the leading plastic resin. Going forward, PVC is expected to take advantage of the recovery in building construction and increase at nearly a double digit rate. High density polyethylene (HDPE) pipe was the second leading plastic pipe in 2011. Advances in HDPE pipe will result from the material continuing to supplant concrete, PVC, and steel pipe in drainage, storm sewer, and water distribution applications.

Oil & gas activity to benefit steel

Steel pipe will continue to be the leading pipe material in value terms; however, it will trail other materials in terms of volume and length. Steel will record below average growth, as steel is limited by market maturity and increasingly intense competition from plastic pipe. However, steel is expected to benefit from activity in the oil and gas market -- especially in shale gas plays. Other materials that are forecast to record above average growth include concrete, copper, and ductile iron pipe. Concrete and ductile iron pipe maintain a commanding share of the large diameter sewer, drainage and water transmission market, while copper is the primary material used in refrigeration equipment.

Oil & natural gas market is leader in value terms

During the 2001-2011 period, rising crude oil and natural gas prices fueled robust gains in demand for pipe used in drilling and transmission applications. As a result, the oil and natural gas market surpassed sewer, drainage, and potable water pipe to become the leading outlet for pipe in value terms. However, the drain, waste, and vent; potable water; and conduit markets will experience the fastest growth through 2016. These three markets are closely tied to building construction activity, and the rebound in construction expenditures will spur pipe demand. Below average growth is expected from the industrial processing, irrigation, and other markets, which are associated with the slower growing manufacturing and agricultural sectors.

COMPANY PROFILES

Company Profiles
1. A-D Technologies, see Dura-Line
2. Advanced Drainage Systems Incorporated
3. Alcoa Incorporated
4. American Cast Iron Pipe Company
5. Ameron International, see National Oilwell Varco
6. AMSTED Industries Incorporated
7. Atlas Tube ULC, see JMC Steel Group
8. Belco Manufacturing, see Denali
9. Berkshire Hathaway Incorporated
10. Bristol Metals, see Synalloy
11. Bull Moose Tube, see Caparo
12. Cambridge-Lee Industries Incorporated
13. Can-Clay Corporation
14. Caparo plc
15. CEMEX SAB de CV
16. Cerro Flow Products, see Berkshire Hathaway
17. Charlotte Pipe & Foundry Company
18. Chevron Phillips Chemical Company LLC
19. CONTECH Engineered Solutions LLC
20. Cretex Companies Incorporated
21. Denali Incorporated
22. Diamond Plastics, see Mitsubishi
23. Duininck Companies LLC
24. Dura-Line Holdings Incorporated
25. Ershigs, see Denali
26. EVRAZ plc
27. Fabricated Plastic, see Denali
28. Fast Fabricators, see Mueller Water Products
29. Foster (LB) Company
30. Frederick Precast Concrete, see Advanced
31. Drainage Systems
32. Genova Products Incorporated
33. Global Brass and Copper Holdings Incorporated
34. Griffin Pipe Products, see AMSTED Industries
35. Hancor, see Advanced Drainage Systems
36. Hanson Pipe & Precast, see HeidelburgCement
37. HeidelbergCement AG
38. HOBAS Engineering GmbH
39. J-M Manufacturing Company Incorporated
40. JMC Steel Group
41. JSW Steel Limited
42. Lane Enterprises Incorporated
43. Logan Clay Products Company
44. Marmon Holdings, see Berkshire Hathaway
45. MCP Industries Incorporated
46. McWane Incorporated
47. Mission Clay Products, see MCP Industries
48. Mitsubishi Corporation
49. Mueller Industries Incorporated
50. Mueller Water Products Incorporated
51. National Oilwell Varco Incorporated
52. National Pipe & Plastics Incorporated
53. NKT Flexibles I/S, see National Oilwell Varco
54. North American Pipe, see Westlake Chemical
55. Northwest Pipe Company
56. OAO TMK
57. Olin Brass Fineweld Tube, see Global Brass and Copper
58. Pacific Corrugated Pipe Company
59. Pipelife Jet Stream, see Solvay
60. Pipeline Plastics LLC
61. Penn Aluminum International, see Berkshire Hathaway
62. Prime Conduit, see Mitsubishi
63. Prinsco, see Duininck Companies
64. REHAU AG & Company
65. Rinker Materials, see CEMEX
66. Saint-Gobain
67. Solvay SA
68. Synalloy Corporation
69. Tenaris SA
70. Timken Company
71. TMK IPSCO, see OAO TMK
72. Tyco International Limited
73. United States Steel Corporation
74. US Pipe, see Mueller Water Products
75. Uponor Corporation
76. Viega GmbH & Company KG
77. Westlake Chemical Corporation
78. Wheatland Tube, see JMC Steel Group
79. Wolverine Tube Incorporated

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