Global tube market reached 31.5 billion meters in 2015

The latest research report shows that by 2015, the global plastic pipe market will grow at an annual rate of 5.8%. By 2015, the global pipe market will reach 31.5 billion meters. This growth rate is slightly slower than the growth rate during 2005-2010, which was mainly due to the decline in demand growth in China, the world's largest pipe market.

After experiencing rapid growth during the period 2000-2010, the growth rate of China's pipe market began to slow down, and the average annual growth rate from 2011 to 2015 is expected to be the global average. Demand in North America, Eastern Europe and Western Europe will accelerate as these regions have recovered from the shadow of the global financial crisis.