Market Overview

Demand for Behind the Wall Pipe Forecast to Grow 5% Annually

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Demand for Behind the Wall Pipe Forecast to Grow 5% Annually

Plastic pipe will see rapid advances through 2022

PR Newswire

CLEVELAND, Aug. 7, 2018 /PRNewswire/ -- Demand for pipe in behind the wall (BTW) plumbing is expected to grow 5.0% annually to $6.5 billion in 2022. Plastic pipe – which overtook metal pipe's share of value demand in 2017 – will see the more rapid advances going forward, totaling $3.6 billion in 2022. Gains will be boosted by the continuing use of plastic pipe – particularly PEX – by plumbers and other construction professionals due to its low cost and ease of use. These and other trends are presented in Behind the Wall Plumbing, 2nd Edition,  a new study from The Freedonia Group, a Cleveland-based industry research firm.

Freedonia Group logo (PRNewsFoto/The Freedonia Group)

More information about this study is here: https://www.freedoniagroup.com/industry-study/behind-the-wall-plumbing-3642.htm  

Demand for metal pipe in BTW plumbing will rise at a much more modest rate through 2022. Strong competition from inexpensive plastic pipe will check dollar gains. Continuing use of galvanized steel pipe – which commands a much higher per-foot price than other pipe types – will support metal pipe demand in value terms.

US demand for all types of behind the wall plumbing products is forecast to advance 4.6% annually to $13.5 billion in 2022. To capitalize on this growth, it is important for industry participants to recognize the key factors boosting demand. These include:

  • rising single-family housing completions
  • design trends toward more bathrooms
  • consumer interest in larger kitchens and bathrooms with more fixtures
  • increasing installation of radiant flooring systems

Related studies include:
#3546 Plumbing Fittings Market in the US (August 2017)
#3545 Plumbing Fixtures Market in the US (June 2017)

About The Freedonia Group, a division of MarketResearch.com – The Freedonia Group is a leading international industrial research company publishing more than 100 studies annually. Since 1985, we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Additional Construction & Building Products studies can be purchased at https://www.freedoniagroup.com, www.marketresearch.com and www.profound.com.

Press Contact:
Corinne Gangloff
+1 440.684.9600
cgangloff@freedoniagroup.com

 

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SOURCE The Freedonia Group

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