US demand to rise more than10% annually through 2016
US demand for water and wastewater pipe is expected to rise more than ten percent per year to $18.3 billion in 2016. Gains will rebound strongly from the declining demand experienced during the 2006-2011 period, in which pipe markets were negatively impacted by the 2007-2009 recession. Going forward, rising demand will be fueled by a more favorable environment for public infrastructure spending, following severe budgetary constraints in 2011 which caused many major state and municipal projects to be delayed. Other factors benefiting pipe demand through 2016 will include healthy increases in construction spending and the continued need to upgrade and repair the country’s aging sewer and water pipe network. Also boosting demand will be a rebound in the size and number of bathrooms per new housing unit to levels common in the middle of the last decade. During the 2007-2011 downturn in housing construction, many builders installed fewer and smaller bathrooms in the new houses that were completed, further restraining pipe demand.
To Know More - Water & Wastewater Pipe
US demand for water and wastewater pipe is expected to rise more than ten percent per year to $18.3 billion in 2016. Gains will rebound strongly from the declining demand experienced during the 2006-2011 period, in which pipe markets were negatively impacted by the 2007-2009 recession. Going forward, rising demand will be fueled by a more favorable environment for public infrastructure spending, following severe budgetary constraints in 2011 which caused many major state and municipal projects to be delayed. Other factors benefiting pipe demand through 2016 will include healthy increases in construction spending and the continued need to upgrade and repair the country’s aging sewer and water pipe network. Also boosting demand will be a rebound in the size and number of bathrooms per new housing unit to levels common in the middle of the last decade. During the 2007-2011 downturn in housing construction, many builders installed fewer and smaller bathrooms in the new houses that were completed, further restraining pipe demand.
To Know More - Water & Wastewater Pipe
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