Global Abrasion-Resistant Rubber Pipe Market to be Driven by Increased Demand from Coal-Fired Power Plants in the Forecast Period of 2022-2027
The new report by Expert Market Research titled, ‘Global Abrasion-Resistant Rubber Pipe Market Size, Report and Forecast 2022-2027’, gives an in-depth analysis of global abrasion-resistant rubber pipe market assessing the market based on products, 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.
The key highlights of the report include:
Market Overview (2021-2027)
• Forecast CAGR (2022-2027): 5%
|Growth Rate CAGR||5%|
|Major Players||Flexicraft Industries, Gates Corporation, PARKER HANNIFIN CORP, SISA nv, Industries 3R Inc., Pacific Hoseflex, among others.|
The growing demand for the pipes in coal-fired power plants is driving the market for abrasion-resistant rubber pipe. The demand for pipes that offer low maintenance, longevity, and excellence, among others, is soaring the use of abrasion-resistant rubber pipes, which is driving the market expansion.
Abrasion-Resistant Rubber Pipe Industry Definition and Major Segments
A rubber pipe that can withstand severe abrasive wear is known as an abrasion-resistant rubber pipe. Due to its light weight and resistance to deterioration, it finds frequent use in challenging applications. Additionally, it is perfect for delivering highly abrasive materials like cast steel shot, corundum glass, and quartz sand.
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The major products of abrasion-resistant rubber pipe are:
• Flexible Pipe
• Rigid Pipe
The market can be broadly categorised on the basis of its applications into:
• Water Treatment
• Signal Communication
The market can be broadly categorised on the basis of its major regions into:
• North America
• Asia Pacific
• Latin America
• The Middle East and Africa.
Abrasion-Resistant Rubber Pipe Market Trends
The market is expanding due to the increased use of abrasion-resistant rubber pipes as an alternative to conventional steel pipes due to their cost-effectiveness. Abrasion-resistant rubber pipes are increasingly used in the energy sector, which greatly aids in the growth of the business thanks to their low energy consumption. Abrasion-resistant rubber pipes are in high demand in the power generation industry due to their stable qualities, which is boosting the market’s expansion. In addition, the creation of rubber pipes that are resistant to abrasion and can tolerate harsh environments is anticipated to propel market expansion.
Due to its anticorrosion properties, the growing demand for abrasion-resistant rubber pipes in the oil and gas industry is driving market growth. The ease-of flexibility and durability provided by abrasion-resistant rubber pipes also facilitates their use in oil and gas transportation and has a positive impact on market growth.
The market is expanding as a result of the growing usage of rubber pipes that are resistant to abrasion in the water treatment industry. This is due to the growing population and the decreasing availability of drinking water, particularly in developed countries. Abrasion-resistant rubber pipes are perfect for water treatment due to their outstanding heat resistance and tensile strength. Abrasion-resistant rubber pipes are being used in wastewater treatment, which is fueling the market’s expansion as they reduce water waste by preventing leakage in water reservoirs.
Key Market Players
The major players in the market are:
- Flexicraft Industries
- Gates Corporation
- PARKER HANNIFIN CORP
- SISA nv
- Industries 3R Inc
- Pacific Hoseflex
The report covers the market shares, capacities, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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