Persistence Market Research (PMR) has published a new market study on the Plastic Pipes market that includes the global industry analysis for 2014-2018 and the forecast for 2019-2029. The report specifically takes into account plastic pipes used in the construction industry, particularly in residential and commercial applications (excluding industrial plant construction). Generally, pipes are used for plumbing, heating and cooling, floor and waste, HVAC (ventilation, air conditioning), and other systems. Other industries such as oil and gas, agriculture, and chemicals also make prominent use of plastic tubing.
In addition, the report provides a thorough analysis of the Plastic pipe market for the next ten years. The report on Plastic Pipes summarizes macroeconomic factors that could support and influence market growth as well as forecast factors. The market size corresponded to a turnover of ~ 30 billion USD in 2018 and is expected to grow at a moderate CAGR of ~ 5% in the assessment period, which is significantly influenced by the cyclical trend in the construction industry and the introduction of new products.
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