Pipe Seals Market is Likely to Experience a Strong Growth During 2021-2026
April 22, 2022
Apr 22, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Pipe Seals Market.
It was estimated prior to this unanticipated outbreak that the Pipe Seals Market is likely to rebound at a promising CAGR of 4.2% in the long run to reach US$ 1.0 Billion in 2026. Growing building construction and residential projects, increasing new and rehabilitation infrastructure spending, and growing concerns about reducing water wastage through pipe leaks drive the demand for pipe seals in the near future.
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The panoramic view of the pipe seals market cannot be sketched precisely if there is no complete understanding of its regional outlook as regional dynamics with regard to seals applications, sealing materials, as well as market competition contrast enormously. For instance, SPR seals are a more common sealing material in the North American pipe seals market, whereas EPDM seals are more common in the Asian pipe seals market. Analogously, in terms of pipe, there is also a sheer dominance of PVC plastic pipes in North America, whereas HDPE or MDPE plastic pipes are more common in Europe. This becomes imperative for the market participants to have complete knowledge of the regional dynamics in order to formulate the growth strategies for different regions based on their products, market, and regional synergies.
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Segments' Analysis
Based on the pipe type, the pipe seals market is segmented as plastic pipes, concrete/clay pipes, and steel/ductile iron pipes. In the overall market, plastic pipe is expected to remain the largest and fastest-growing segment of the market during the forecast period. The dominance of pipe types varies from region to region. For instance, plastic pipe is dominant in North America for both sewage and potable water applications, whereas concrete pipe is dominant in Europe for sewage application. Plastic pipes are gradually replacing steel/ductile iron pipes.
Based on the application type, the pipe seals market is segmented as wastewater, potable water, and others. Wastewater is expected to remain the largest segment of the market during the forecast period. An increase in repair and replacement of the aging sewer and water pipes drive the segment’s market. Gaskets, O-rings, connector seals, and lip seals are the majorly used seals for wastewater application.
A wide range of materials including EPDM, SBR, NBR, etc. are used to manufacture pipe seals. EPDM is by far the most dominant and also the fastest-growing material type in the market during the forecast period, owing to its excellent properties such as good resistance to ozone, weather, sunlight, aging, water & steam, alkalis, acids, and oxygenated solvents, excellent heat resistance and good flexibility at low temperatures. EPDM is the preferred material in Europe and Asia-Pacific and SBR is in North America.
Gaskets, O-Rings, lip seals, and connector seals have majorly used seal types in the market. Gasket is expected to remain the dominant segment of the market during the forecast period, owing to its higher usage in all the major applications (wastewater, potable water, and industrial). O-Ring is likely to remain the second-dominant and the fastest-growing product type in the foreseen future.
In terms of regions, Asia-Pacific is expected to remain the largest market for pipe seals during the forecast period, largely driven by China and India. Increased investments in infrastructure coupled with a large population base are creating a greater demand for pipes and so seal. Europe and North America also hold sizeable market sizes in the market.
Key Players:
Key players operating in the global Pipe Seals market are-
- Hultec + Bode GmbH
- Trelleborg AB
- CSI Cordes Sealing Systems International GmbH
- M.O.L Gummiverarbeitung GmbH & Co. KG
- Gulf Engineered Rubber and Plastics
- Woco Industrietechnik GmbH
- VIP-Polymers Ltd
- Hauff-Technik GmbH & Co. KG
- Hamilton Kent LLC
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Pipe Seals analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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