Demand for Behind the Wall Pipe Forecast to Grow 5% Annually
August 8, 2018 (Investorideas.com Newswire) 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.
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
Behind the Wall Plumbing, 2nd Edition (published 7/2018, 216 pages) is available for $5500 from The Freedonia Group. For further details or to arrange an interview with the analyst, please contact Corinne Gangloff by phone 440.684.9600 or email email@example.com.
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.
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