Pipe Seals Market to grow beyond US$ 1,122.8 million by 2024
February 14, 2020
Pipe Seals Market Overview:
Pipe is one of the major applications of seals that represents consequential growth opportunities for the market participants in years to come in all four regions. The market size for pipe seals is extrapolated to register an impressive growth rate in the coming five years to reach US$ 1,122.8 million in 2024. The key factors, giving an impetus to the demand for pipe seals, are the rising construction and pipe infrastructure expenditure and the growing pipe rehabilitation market. Growing concern towards reducing water wastage due to pipe leaks is another influencer that further substantiates the significance of seals in the pipe market.
Report Overview:
This is another flagship research report published by Stratview Research in the seals family. After publishing several reports on seals, such as aircraft seals market and medical/life science seals market, Stratview Research has further expanded its research portfolio by publishing another exclusive report on Pipe Seals, a niche but highly growing application. Our Pipe Seals Market report provides the complete market analysis by providing the 10-year analysis (trend period: 2013-2018 and forecast period: 2019-2024) at the global, regional, as well as country-level. Also, the report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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https://www.stratviewresearch.com/Request-Sample/534/pipe-seals-market.html
Pipe Seals Market Segment Insights:
Gasket: The growth engine
Stratview has firstly segmented the total pipe seals market based on the product type as gaskets, O-rings, and other seals. Gasket, the most common seals' type, is estimated to maintain its vanguard in the pipe seals market in years to come, propelled by its excellent performance, such as excellent prevention of leakage, excellent corrosion resistance, robustness, low cost, and its ability to withstand temperature and pressure. Another factor that supports the dominance of gaskets in the market is its capability to handle many fluids. O-rings are also likely to gain undeniable traction in the market in the coming five years.
Click below to run through the detailed ToC of the report:
https://www.stratviewresearch.com/toc/534/pipe-seals-market.html
Dominance of: EPDM
Analogously, the study’s outcomes on different seals material types advocate that EPDM is the most preferred sealing material for pipe applications among EPDM, SBR, and others, in years to come. The material type is extrapolated to gain further share by registering the highest growth rate in the foreseen future. The key whys and wherefores behind the mammoth dominance of EPDM in the market are its properties including good resistance to ozone, weather, sunlight, aging, water & steam, alkalis, acids and oxygenated solvents, and good flexibility at low temperature.
A highly/moderately/fragment consolidated Market
The key pipe seals manufacturers are Hultec, Trelleborg AB, Bode GmbH, M.O.L Gummiverarbeitung GmbH & Co. KG, Gulf Engineered Rubber & Plastics, VIP-Polymers Ltd, Woco Industrietechnik GmbH, CSI Cordes Sealing Systems International GmbH, Press Seal Corporation, and Prabhat Elastomers Pvt. Ltd. Development of high-performance pipe seals, setting up of distributors in untapped markets, and Formation of strategic alliances with contractors are the key strategies adopted by the major players to gain a competitive edge in the market.
Regional Hegemony of Asia-Pacific
Asia-Pacific is projected to maintain its supremacy in the market in the coming five years. The region is estimated to gain further share in the coming five years, largely driven by China and India. The economy of both countries is slightly in distress but is still anticipated to be the highest among the major economies and generate consequential opportunities for both local as well as global players in years to come. Increased investment in infrastructure coupled with a large population base is creating a greater demand for pipes and so are seals.
North America and Europe are other two major markets and are estimated to grow at healthy rates in years to come. The USA is the growth engine of the North American market, whereas Germany, France, the UK, and Russia are the major markets for pipe seals in the European market. The level of consolidation differs from region to region, the Asia-Pacific’s market is extremely fragmented with the presence of many local players, serving their local markets, whereas the North American and European pipe seals markets are relatively consolidated with the presence of global players.
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