Process Oil Market Predicted to Value US$ 5,697.4 Million By 2025

Posted by Vinay on October 16th, 2017

Wastewater treatment and civic water supply facilities from all parts of the world are improving with technological advancements, but plastic pipes will continue to be essential tools for laying down an effective piping network. Properties and functioning advantages of plastic pipes over metal or mortar pipes continues to drive its adoption. Persistence Market Research’s recent report predicts that the global market for plastic pipes will grow steadily and rake in more than US$ 44 Bn in revenues by the end of 2024. Increasing demand for HDPE pipes across multiple applications and purposes is expected to boost the demand for plastic pipes, as the global market closes in on US$ 30 Bn value by the end of 2017.

Browse Complete Report @ https://www.persistencemarketresearch.com/market-research/plastic-pipes-market.asp

The report offers forecast on the global plastic pipes market for the assessment period, 2016-2024. During this period, the global market for plastic pipes will soar steadily at 5.5% CAGR. Gaining stability across real estate sectors & housing markets in developed and developing countries, lowering cost of procuring raw plastic, and higher presence of piping operations with greater replacement & maintenance rate are collectively observed as the driving force for growth of global plastic pipes market.

The report reveals that recovering stance of oil & gas business from the recent economic slowdown is benefitting the sales of plastic pipes. In 2017, increasing shale drilling activity in the U.S. and Canada is fuelling the demand for plastic pipes. In addition to this, increasing exploration of shale gas, which constitutes onshore exploration activities, is expected to result in an increase in demand for plastic pipes.

Request and Download Sample Report @ https://www.persistencemarketresearch.com/samples/16597

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Vinay

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Vinay
Joined: July 27th, 2017
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