Industry Analysis & Industry Trends
With the economy set to recover, a number of markets will benefit from renewed interest, driving downstream demand for plastic pipe and parts. The industry will particularly depend on growth in the agricultural, construction and automotive markets to boost revenue, with the low price and lightweight quality of plastic continuing to draw in customers... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
Despite a downturn in revenue, the Plastic Pipe and Parts Manufacturing industry is firmly entrenched in the economy. The recent decline in revenue can be directly attributed to the industry's heavy dependence on the construction market segment, which caused manufacturers to experience disproportionate reductions in revenue during the housing crisis and ensuing recession. Over the 10 years to 2018, the Plastic Pipe and Parts industry's industry value added (IVA), which measures its contribution to the US economy, is projected to decline at an average rate of 1.0% per year, compared to forecast GDP growth over the same period of 2.1%. The industry's declining IVA has to do with the severe downturn in downstream demand from construction... purchase to read more