Construction recovery and metal replacement drive hot and cold water plastic pipes demand Europe
12 September 2022
European market for hot and cold water pipes showed strong growth in 2016-2019, which was followed by a significant contraction in 2020 when COVID-19 began to take effect in the region. In this extremely atypical year, the European economy saw a 6.3% decline in GDP in 2020. Construction activity was impacted initially but recovered in the second half of 2020 albeit suffered from supply-chain disruptions some of which continue into 2022.
The new edition of AMI Consulting’s detailed study, “Plastic hot and cold water pipe systems in Europe 2022”, reports that the installation of plastic hot and cold water pipes is expected to top 1.1 million kilometres by the end of 2026. Since 2021 the market has been recovering from the impact of the COVID-19 pandemic and is expected to maintain momentum over the next 5 years.
The market for water pipes is reputed for its conservatism. At AMI Consulting, we disagree with such characterisation. Admittedly, the market moves cautiously and gradually. But over the years we have seen tremendous changes, which – despite the cautious, gradual adoption rates – can only be described as revolutionary.
Read the full press release: Construction recovery and metal replacement drive hot and cold water plastic pipes demand Europe