Pipe Seals Market size will shoot up to US$ 1,122.8 million by 2024, as estimated by Stratview Research

Stratview Research in its recent report has offered an overlook of the current Pipe Seals Market scenarios and has also estimated the Pipe Seals Market size to reach US$ 1,122.8 million by 2024. The insights highlighted in the report are based on data that is carefully collected from reliable sources and is then scrutinized to have a proper analysis.

Not only the report offers the market size but also details about the market segmentation with its share. Stratview Research also extends its research to offer a forecast of the market during the period of 2019 – 2024, to provide the clients with base knowledge of the market and make strategies to have beneficial results ahead.

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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 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.

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 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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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.

Our analysis on another market segmentation, which is based on the pipe type, suggests that plastic pipe is forecasted to remain the largest consumer of seals among plastic pipes, concrete/clay pipes, and steel/ductile iron pipes in the coming five years. Furthermore, the growth in the demand for seals is likely to be the highest in the plastic pipes over the same period. Plastic pipes are predominantly used in all the major applications including wastewater and potable water.

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.

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Highlights of the Report:

As per Stratview Research, 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.
The report also throws light on the Pipe Seals Market share percentage, captured by specific key players in the industry; along with important mergers and acquisitions which have taken place till date.

Some of the key players mentioned the Pipe Seals Market 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.

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 market analysis report discusses the following heads in great detail:
• Market structure: Overview, industry life cycle analysis, supply chain analysis
• 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

Know more about us and our reports:
Stratview Research has been offering its insightful reports and custom researches to the interested clients in some of important industry sectors such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas. The data is collected for the reports is collected from reliable sources and is analysed carefully to come up with an end result that is resourceful and worthy for the interesting clients.

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