Chemical Transportation Seals Market Analysis | 2020-2025

“The Chemical Transportation Seals Market is forecasted to grow at an impressive rate over the next five years to reach an estimated value of US$ 699.1 million by 2025.” 

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Market Dynamics

Introduction

A seal is a device or component that is used to fill the gap between two mating surfaces. It isolates the system from an external environment; thus, preventing leakage from them. Chemical transportation seals are used in tank trucks, rail tankers, and ISO tankers to prevent the media from leakage and contamination. They are generally used in manlids, foot valves, ball valves, butterfly valves, airline valves, pressure-vacuum valves, pumps, and flanges of a chemical tanker.

Seals used in the chemical transportation industry are majorly made from either polytetrafluoroethylene (PTFE) perfluoro elastomer (FFKM) or ethylene propylene diene monomer (EPDM). These materials provide exceptional durability, excellent wear resistance, and outstanding chemical resistance against a wide range of chemicals. These seals are mainly used in the form of o-rings and gaskets in tankers to prevent any non-accidental releases (NARs) during the time of chemical transportation. Stringent regulations to prevent non-accidental releases of chemicals during transportation are a factor assuring a healthy demand for seals in chemical transportation.

Market Drivers

Organic growth of the chemical industry, increasing chemical export and imports across the world, and increasing chemical tanker fleet are some of the major factors driving the growth of the chemical transportation seal’s market. Rapidly expanding the industrial sector in emerging economies is providing new revenue avenues for the market participants in the chemical transportation seal market.

Segments Analysis

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By Application Type

“The valves segment dominates the market during the forecast period.”

The chemical transportation seals market is segmented into manlids, valves, and others. The valves segment is likely to remain dominant in the market during the forecast period, as a large number of valves, such as foot valves, ball valves, butterfly valves, airline valves, and pressure vacuum valves; are used in a chemical tanker.

By Material Type

“PTFE segment dominates the market during the forecast period.”

The market is segmented into PTFE, FFKM, EPDM, and others. PTFE is expected to remain the dominant and fastest-growing segment during the forecast period. PTFE seals are predominantly used in chemical tankers owing to their excellent properties, including high flexibility, excellent chemical resistance to a wide array of chemicals, high thermal resistance, and high flexural strength.

By Product Type

“O-rings dominate the market during the forecast period.”

The chemical transportation seals market is segmented into o-rings, gaskets, and others. O-rings are expected to remain dominant and the fastest-growing material type during the forecast period. They can operate at a wide range of temperature and pressure and are used in diverse applications, including ball valves, butterfly valves, pressure vacuum valves, and airline valves.

Regional Analysis

“Europe is projected to remain the largest market for chemical transportation seals during the forecast period.”

Increasing chemical exports by major countries of the region, such as Germany, France, the United Kingdom, Belgium, the Netherlands, and Ireland, are driving the demand for chemical tankers in the region, which, in turn, is driving the demand for chemical transportation seals. Germany and France are also the two largest chemical producers in the region, followed by Italy and the Netherlands. All these factors are contributing to the dominance of the region in the chemical transportation seal market.

Asia-Pacific is expected to be the fastest-growing market for chemical transportation seals during the forecast period. The region’s demand for the chemical transportation seals is majorly driven by the Japanese shipyards, which has maintained a steady share in the chemical tankers market; and China, which is the largest consumer of organic chemicals. The increased seaborne trade of methanol has also positively impacted the growth of Asia-Pacific’s chemical transportation seal market.

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Key Players

The market is highly populated with the presence of several local, regional, and global players. The supply chain of this market comprises raw material suppliers, chemical transportation seals manufacturers, distributors, tanker manufacturers, and end-users.

The key players in the chemical transportation seals market are (arranged alphabetically).

• DuPont de Nemours Inc.
• James Walker Group Limited
• Parker-Hannifin Corporation
• Pelican Worldwide B.V.
• PEROLO SAS
• Trelleborg AB
• TRP Polymer Solutions Ltd.
• VSP Technologies Inc.
• Yuyao Tenglong Sealing & Packing Factory
• Zhenjiang Seasum International Trade Co., Ltd.

Note: The above list does not necessarily include all the top players in the market.

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The development of durable, flexible, and chemical-resistant transportation seals, expansion in untapped and growing markets, and execution of mergers & acquisitions are the key strategies adopted by the major players to gain a competitive edge in the market.

Report Features

This report provides market intelligence most comprehensively. 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.

What Deliverables Will You Get in this Report?

Research Methodology

This report offers high-quality insights and is the outcome of a 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 books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data. 

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Customization Option

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 Segmentation

• Current market segmentation of any one of the product types by application type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

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