Pipe Seals Market Projected to Grow at a Steady Pace During 2022-2027
Stratview Research delivers key insights on the global Pipe Seals Market. According to Stratview Research, the market is estimated to grow at a decent CAGR of 5.1% during the forecast period to reach a value of US$ 310 Million in 2027.
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The present report can be of high utility for the key decision-makers and growth strategists in terms of precise market insights, forthcoming growth opportunities, and key success factors. Especially, the report also analyses and mentions the possible impact of COVID-19 on the market dynamics. This will not only help in mitigating the uncertain business environment, but also help in rearranging the strategies and future- decisions in a fruitful manner.
Key Players
The following are some of the key players in the Pipe Seals Market:
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,
Prabhat Elastomers Pvt. Ltd.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Pipe Seals Market value and growth drivers over the trend period of 2019-24. According to the report -
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.
Segment Analysis:
Based on Material Type:
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.
Based on Region:
In terms of regions, 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.
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FREQUENTLY ASKED QUESTIONS
The report answers several questions related to the market. The user can get to know the answers to the following questions…
- What is the global demand for Pipe Seals Market in terms of revenue?
- Which are the prominent players in the market?
- At what CAGR is the market projected to grow within the forecast period?
- What are the driving factors fuelling the growth of the market?
- Which region accounted for the largest share in the market?
- How did the Covid19 impacted the market?
- How long will it take to recover from the Covid impact?
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