According to AMA Research, the pipes and fittings market is estimated to have grown 5% over the course of 2015.
It comes following good growth in the market over the past three years. According to AMA, key influencing factors on the market include improving levels of construction in the commercial and housing sectors as well as falling raw material prices, particularly for copper and oil.
Since 2012, the market has grown by around 15%, suggesting it has nearly recovered to the levels seen at its peak in 2007.
The main channel of distribution is via builders' merchants, which account for almost 50% of the distribution for pipes and fittings products. This is followed by specialist plumbing/ roofing/ drainage distributors, DIY multiples and other independent DIY/hardware stores with significant shares.
AMA Research director Keith Taylor said: "The outlook for the UK pipes and fittings market in 2016 is positive, supported by the growth of new construction levels and RMI expenditure. Private housing completions are forecast to experience steady growth in the medium to longer term, while the private commercial sector is likely to drive newbuild demand in the non-domestic market.
Growth sectors should include budget and luxury hotels, care homes and student accommodation, and there may also be significant opportunities in the education sector"