Pipe, Packaging Demand Drives U.S. Plastic, Rubber Spending
Attachment: US-Can Plastic-Rubber IM 1Q24
January 12, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--The seemingly unlimited applications for plastic and rubber products are driving domestic project development in the manufacturing sector, particularly for commercial packaging and piping, both of which are fueled by the growth of e-commerce. Polyethylene pipes and conduit are among the most common plastic products used in construction projects, for industries ranging from telecommunications to natural gas transmission. The demand for plastic piping also has spurred growth in ancillary sectors.
Industrial Info is tracking more than $3.8 billion worth of plastic and rubber product-manufacturing projects across the U.S. and Canada that are set to begin construction in the first quarter, more than 80% of which is attributed to projects in Tennessee, Ohio and Georgia. Companies involved include Dura-Line Corporation, Orbia Advance Corporation SAB de CV, AT&T Incorporated (NYSE:T), Verizon Communications (NYSE:VZ), Soleno Incorporated, Georg Fischer AG, Profile Films, Nelipak Healthcare Packaging, ECORE International and Swami Compounding.
