Demand for plastic tubes market is likely to remain significant in emerging economies of Asia Pacific, Latin America, and Africa. Asia Pacific is likely to be one of the most lucrative markets for plastic tubes globally
Albany, NY -- (SBWIRE) -- 05/01/2018 -- A new research study, titled, "Plastic Tubes Market: Global Industry Analysis (2012 - 2016) and Opportunity Assessment (2017 - 2027)" has been added to the vast repository of Market Research Reports Search Engine (MRRSE). According to the report, the global plastic tubes market is likely to grow at a CAGR of 5.6% during the assessment period 2017-2027, and reach US$ 1.5 Bn in revenues by the end of the forecast period.
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The research study offers in-depth analysis and insights on the plastic tubes market. The key drivers, restraints, opportunities, and threats impacting the market have been studied in detail, and a holistic and comprehensive assessment on the key factors has been offered for the perusal of readers. According to the report, easy availability and affordability are the key factors that are likely to fuel the growth of the market during the forecast period.
The demand for plastic tubes market is likely to remain significant in emerging economies of Asia Pacific, Latin America, and Africa. Asia Pacific is likely to be one of the most lucrative markets for plastic tubes globally. China and India are among the key markets for plastic tubes globally. The regulations in these countries are significantly less stringent than regulations in developed countries. On account of these factors, demand for plastic tubes has remained high in these countries.
The growth of the plastic tubes market is also linked to the broader developments in the economy. The macroeconomic scenario in emerging economies of Asia Pacific and Latin America is positive, on account of which key end-use industries for plastic tubes, such as pharmaceutical and cosmetics are witnessing steady growth. The overall growth in the pharmaceutical and cosmetics industry is likely to provide an impetus to the plastic tubes market during the assessment period.
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The research study offers segment-wise analysis and forecast on the plastic tubes market. According to the research study, polyethylene continues to be one of the most preferred materials for manufacture of plastic tubes globally. The polyethylene segment is likely to grow at a CAGR of 6% during the assessment period 2017-2027, and reach a valuation of around US$ 900 Mn by the end of the forecast period. The key factors promoting the use of polyethylene among plastic tube manufacturers include increased fatigue resistance and service life. Further, increase in corrosion resistance is a key factor fuelling adoption of polyethylene.
The research study also includes a detailed analysis on the key players operating in the plastic tubes market. A thorough and comprehensive assessment on the product and business strategies of some of the leading players in the market has been included for the perusal of the readers. Overall, the business intelligence study offers in-depth analysis on the key factors fuelling the growth of the plastic tubes market.
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