The new report by Expert Market Research titled, ‘Global Abrasion-Resistant Rubber Pipe Market Size, Share, Price, Trends, Growth, Report and Forecast 2022-2027’, gives an in-depth analysis of the global abrasion-resistant rubber pipe market, assessing the market based on its segments like product types, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
• Forecast CAGR (2022-2027): 5%
The market is being driven by the rising use of abrasion-resistant pipes in coal-fired power plants. With the growing concerns regarding the leakage of caustic slurries during transportation via conventional pipes, the use of abrasion-resistant rubber pipes is increasing, hence driving the market growth. The increasing cost-effectiveness of abrasion-resistant rubber pipes is also surging their use as an alternative to traditional steel pipes, thus propelling the industry growth. Moreover, the rising demand for abrasion-resistant rubber pipes in power generation is significantly contributing to the market growth. The development of abrasion-resistant rubber pipes that can withstand extreme abrasiveness is estimated to provide further impetus to the growth of the market in upcoming years.
Industry Definition and Major Segments
An abrasion-resistant rubber pipe is a rubber pipe that is made up of abrasion-resistant materials and can withstand wear and tear from rubbing. It is lightweight and is resistant to chemicals and solvents. It also has excellent tensile strength and durability, due to which it is extensively used in challenging applications in various industries.
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The market, based on product type, can be classified into:
• Flexible Pipe
• Rigid Pipe
Based on application, the market is divided into:
• Water Treatment
• Signal Communication
The regional markets of abrasion-resistant rubber pipe are:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
The market growth can be attributed to the growing use of abrasion-resistant rubber pipes in water treatment. As the availability of drinking and fresh water is significantly reducing, the demand for abrasion-resistant rubber pipes for water treatment is increasing, which is augmenting the market growth. With the heat-resistant properties and tensile strength offered by abrasion-resistant rubber pipes, their demand to prevent leakage in water reservoirs is escalating, which is positively impacting the growth of the market. In addition, the ease-of-installation and cost-effectiveness of abrasion-resistant pipes are surging their demand in the oil and gas industry, which is predicted to provide impetus to the industry growth.
Key Market Players
The major players in the market are Flexicraft Industries, Gates Corporation, PARKER HANNIFIN CORP, SISA nv, Industries 3R Inc., and Pacific Hoseflex. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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