Research and Markets: Europe & Asia Pacific Polypropylene Pipes (PP-R, PPR-RCT) Market Report 2020-2027 - ResearchAndMarkets.com
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Europe And Asia Pacific Polypropylene Pipes Market Growth Trends
The Europe and Asia Pacific polypropylene pipes market size is expected to reach USD 8.38 billion by 2027 and is anticipated to expand at a CAGR of 3.5% during the forecast period.
Asia Pacific region led the PP pipes market for polypropylene pipes owing to significant demand form a variety of end-use industries such as industrial processing, food processing, and chemicals.
The construction and industrial sector are the major application areas propelling the demand for pipes in the market. Factors such as stable exchange rate, rapid industrialization, infrastructural development, subdued oil prices, and a moderate inflation rate drive the overall economic growth in emerging economies like India and China, thereby driving the demand for polypropylene