Press release
Chemical Pumps Market to register a healthy CAGR for the forecast period, 2018-2026
Industries looking for higher capacity, medium head pumping applications may also use chemical pumps. Some chemical pumps can handle small amounts of vapor formed at the pump suction, the mechanism is self-adjusting to increase durability. A diverse variety of sealing options such as magnetic coupling are available.Chemical pumps may also be used for waste water, sewage, chemicals and general industrial, marine, and agricultural purposes.
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Chemical Pumps: Market Dynamics
The demand for chemical pumps is expected to grow worldwide owing to their property of resistance towards corrosion and abrasion in chemical transfer systems, for products such as sulphuric acid and sodium hypochlorite. Manufacturers in the chemical pump market are focusing on providing systems with various power sources such as AC / DC current, hydraulic or pneumatic systems, gas or diesel, steam, water, and natural gas as per consumer requirements. Chemical pumps find widespread applications in end-use industries such as oil, gas, semiconductor, distillery and agriculture industries.
The chemical pumps market offer options in centrifugal pumps, which are ANSI process single-staged end suction chemical pumps and positive displacement pumps, which are used depending on consumer application specifications. Magnetic drive chemical pump systems are preferred to transfer hazardous chemicals owing to their efficiency in greatly reducing spills and leaks. Advanced features such as thermal control of the chemical, and treatment of effluents through chemical dosing and nano-filteration are also expected to bode well for the prospects of the global chemical pumps market.
Major chemical pumps market players are emphasizing on providing systems that have improved durability, repetitive accuracy and low maintenance to gain competitive advantages through optimized turndown ratios. Chemical pump market players are also introducing innovative safety features such as leak detection pressure switches, and backup diaphragms to effectively deal with the hazardous nature and health risks of several chemical compounds, which are expected to positively contribute towards chemical pump market growth.
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Europe Offers Highly Lucrative Market Opportunities for Chemical Pumps Manufacturers
The most crucial markets that are researched in the chemical pumps market study include North America, Asia Pacific, Latin America, Europe, Middle East, and Africa. Europe is expected to continue to be a highly lucrative market for players in the chemical pumps industry. This situation can largely be attributed to the rapid rise in the number of end use industry participants across several countries in the region. In addition, the rapid innovations in the chemical, steel, pharmaceutical, food and beverages, oil, and mining industries are expected to significantly improve demand for the chemical pumps market within Europe.
Chemical Pumps: Market Participants
Major industry participants in the chemical pumps market are emphasizing on improving product portfolios and efficiency to match the specific requirements of applications of the various end-use industries. The products are created keeping in mind the exact quality and operational specifications for every application. Market players are also focusing on advanced safety features, ease of chemical pump maintenance, and accurate flow quantity controls. Some of the major players in the chemical injection skids market include:
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Report Highlights:
The research report presents a comprehensive assessment of the chemical pumps market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application and industry.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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