Global Hydraulic Thermoplastic Hose and Couplings Market Will Be Revenue 0.8 Billion Usd by 2022: Acute Market Reports

A hydraulic pipe is a high pressure pipe devised to carry fluids within any hydraulic equipment. Taking into consideration the high temperatures and pressures involved in hydraulic uses, thermoplastics display high level of abrasion resistance, low weight, high level of flexibility and capability to handle high pressures have assured the increasing acceptance of thermoplastic hose in hydraulic uses. The global hydraulic thermoplastic hose and couplings market was evaluated at 0.5 billion USD in year 2012 and is expected to grow at a CAGR rate of 4.46% during the forecasted period. It is predicted that the global hydraulic thermoplastic hose and couplings market will touch the revenue of about 0.8 billion USD by the end of year 2022.

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The global hydraulic thermoplastic hose and couplings market was bifurcated into product types, applications and geographical locations.

The universal hydraulic thermoplastic hose and couplings market by product types includes hydraulic couplings and hydraulic thermoplastic hose.

The worldwide hydraulic thermoplastic hose and couplings market by applications includes lubrication lines, agriculture instruments, power devices and telephone or mobile instruments, blowout preventer control lines, construction equipments, material handling devices & industrial equipments and lubrication lines.

With the financial markets of Europe and North America recuperating from the global financial downturn, the construction segment around the world is predicted to observe increase in business ventures in residential as well as business productions. This is predicted to encourage demand for construction equipments leading to greater demand for hydraulic thermoplastic hose and couplings. Further the agriculture instruments demand, generally in agricultural economies like Brazil and India is predicted to have favorable...