Westlake Growth & Investment Strategy
•
PVC Miles
Improving U.S. Water Infrastructure and Driving Growth
30,000
U.S. Water Infrastructure at a Glance
Total U.S. PVC & PVC-O Forecast (in miles)
150
2022-2027 CAGR
PVC
-4%
PVC-O
-8%
26,000
Total
-4-5%
28,000
24,000
22,000
125
100
75
15
50
50
20,000
25
2022E
2023F
2024F
PVC
2025F
-PVC-O
2026F
2027F
1.2 million miles of currently installed distribution pipe supply American
drinking water with an average pipe age of 45 years
PVC-O Miles
2021 Plastics Today survey indicates that engineers and municipal officials will
use PVC pipe for ~65% of both new and replacement projects
U.S. Infrastructure Bill will invest $55B to expand access to clean
drinking water through new water infrastructure investment, rehabilitating
existing lines and eliminating lead pipe
•
Westlake Pipe & Fitting's Complimentary Offering
PVC-O Pipe: Modern solution meeting water
delivery needs (launched by Westlake in 2021 &
uses 40% less PVC)
Municipal pipe & fitting systems: Offer full
range of pipe and fittings for potable water and
sewer installation
Kitting & configure to order services:
Only provider of assembled products that are
customized to meet specifications saving the
customer time and money
Other Areas of PVC Growth
Replacing aging materials such as asbestos, iron, steel, lead and concrete
pipe with PVC across the U.S. for various applications
Significant growth potential in Lasco from expansion in U.S. electrical
conduit fittings coupled with greater penetration in Canadian drain, waste &
vent and gas venting systems provides new high growth markets for Westlake
New housing construction growth driving overall PVC resin demand
including PVC pipe
One of The Largest U.S. Producers of PVC Pipe & Fittings Primed For Growth
20
67
Source: Ducker PVC & PVCO Forecast, Plastics Today, Circle of Blue
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