This is another flagship research report published by Stratview Research in the seals family. After publishing several reports on seals, such as aircraft seals market and medical/life science seals market, Stratview Research has further expanded its research portfolio by publishing another exclusive report on Pipe Seals, a niche but highly growing application. Our Pipe Seals Market report provides the complete market analysis by providing the 10-year analysis (trend period: 2013-2018 and forecast period: 2019-2024) at the global, regional, as well as country-level. Also, the report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Pipe Seals Market: Highlights
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.
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.
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.
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 supply chain of this market comprises raw material suppliers, pipe seals manufacturers, distributors, contractors/installers, and end-users. The key pipe seals manufacturers 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. Development of high-performance pipe seals, setting up of distributors in untapped markets, and Formation of strategic alliances with contractors are the key strategies adopted by the major players to gain a competitive edge in the market.
Research Methodology
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. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles, have been leveraged to gather the data. About 15 detailed primary interviews with the market players across the value chain in all major regions and industry experts have been executed to obtain both qualitative and quantitative insights.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
- 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 forecast analysis
- Market segment 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
The market is segmented into the following categories:
Pipe Seals Market, By Product Type
- Gaskets (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- O-Rings (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Pipe Seals Market, By Pipe Type
- Plastic Pipes (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Concrete/Clay Pipes (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Steel/Ductile Iron Pipes (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Pipe Seals Market, By Material Type
- EPDM (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- SBR (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Pipe Seals Market, By Application Type
- Wastewater Pipes (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Potable Water Pipes (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Other Pipes (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Pipe Seals Market, By Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, The UK, Italy, Russia, Rest of Europe)
- Asia-Pacific (Country Analysis: Japan, China, Australia, India and Rest of the Asia-Pacific)
- Rest of the World (Latin America, The Middle East, and Others)
Report Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to 3 players)
- SWOT analysis of key players (up to 3 players)
Market Share
- Current market size (2018) of pipe seals market in any of the application type by pipe type.
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].
