U.S. demand for pipe is expected to rise 7.3% per year to $63.5 billion in 2018.
A new study from Cleveland-based market-research firm http://www.freedoniagroup.com/The Freedonia Group shows U.S. demand for pipe is expected to rise 7.3% per year to $63.5 billion in 2018.
The study, entitled “Plastic & Competitive Pipe,” notes gains will be driven by strong growth in crude oil and natural-gas activity because of the extensive use of pipe in drilling and oil-and-gas pipeline applications. The study goes on to say demand also will be supported by a projected rebound in building construction expenditures.