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Steel poised to dominate pipe market

MATERIALS

TUBES and pipes manufactured from steel will continue to dominate the overall market until the end of the decade, latest market reports claim.

They will make up 44 per cent of the total £2.9 billion market by 2010, according to industry analysts Market & Business Development.

This means a real term growth of 6 per cent over the forecast period and the overall production of pipes and tubes in the UK is expected to increase by 8 per cent to over £3 billion by the end of the decade.

Most of these tubes will be exported to mainland Europe.

The market will continue to fluctuate due to mixed trends in the main end user sectors of building and civil engineering.

The market grew steadily during the first half of the decade with falls of around 5 per cent in 2002 and 2003 offset by a 13 per cent increase to £2.7 billion the following year.