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Chemical Transportation Seals Market Size, Share & Forecast (2020-2025) | Covid-19 Impact Analysis
Chemical Transportation Seals Market is Segmented by Application Type (Manlid, Valves, and Others), by Material Type (PTFE, FFKM, EPDM, and Others), by Product Type (O-Rings, Gaskets, and Others), by End-User Type (OE and Aftermarket), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
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, prevent 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 manlid, foot valve, ball valve, butterfly valve, airline valve, pressure-vacuum valve, pumps, and flanges of a chemical tanker.
Seals used in the chemical transportation industry are majorly made from either polytetrafluoroethylene (PTFE) or perfluoroelastomer (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 the transportation is a factor assuring a healthy demand for seals in chemical transportation.
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 in 2025. 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 seals market. Rapidly expanding the industrial sector in the emerging economies is providing new revenue avenues for the market participants in the chemical transportation seals market.
On the basis of application type, the chemical transportation seals market is segmented into manlid, 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 valve, ball valve, butterfly valve, airline valve, pressure vacuum valve; are used in a chemical tanker.
On the basis of material type, the market is segmented into PTFE, FFKM, EPDM, and others. PTFE is expected to remain the dominant as well as the fastest-growing segment of the market during the forecast period. PTFE seals are predominantly used in chemical tankers, owing to their excellent properties including high flexibility, excellent chemical resistance from a wide array of chemicals, high thermal resistance, and high flexural strength.
On the basis of product type, the chemical transportation seals market is segmented into, o-rings, gaskets, and others. O-rings are expected to remain dominant as well as the fastest-growing material type in the market during the forecast period. O-rings can operate at a wide range temperature and pressure and are used in diverse applications including ball valves, butterfly valves, pressure vacuum valves, and airline valves.
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 seals 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 seals market.
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 Yuyao Tenglong Sealing & Packing Factory, Zhenjiang Seasum International Trade Co., Ltd., James Walker Group Limited, PEROLO SAS, DuPont de Nemours, Inc., Trelleborg AB, Parker-Hannifin Corporation, TRP Polymer Solutions Ltd., VSP Technologies Inc., and Pelican Worldwide B.V. 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.
For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are 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. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.
Trend & Forecast Period
North America, Europe, Asia-Pacific, Rest of the World
Size in 2025
US$ 699.1 million
Figures & Tables
Up to 10% customization available free of cost
The market is segmented in the following ways:
Chemical Transportation Seals Market Size, Share & Forecast by Application Type:
Chemical Transportation Seals Market Size, Share & Forecast by Material Type:
Chemical Transportation Seals Market Size, Share & Forecast by Product Type:
Chemical Transportation Seals Market Size, Share & Forecast by End-User Type:
Chemical Transportation Seals Market Size, Share & Forecast by Region:
This comprehensive report, from Stratview Research, studies the chemical transportation seals market over the trend period of 2014 to 2019 and the forecast period of 2020 to 2025. The report estimates the current and future demand for chemical transportation seals at the global and regional levels. The report also studies all the major suppliers of chemical transportation seals across the globe. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies in order to expedite their growth process.
The following are the key features of the report:
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Driven by the factors like organic growth of the chemical industry & increasing chemical export and imports across the world, the chemical transportation seals market size is likely to reach an estimated value of US$ 699.1 million in 2025.
Yuyao Tenglong Sealing & Packing Factory, Zhenjiang Seasum International Trade Co., Ltd., James Walker Group Limited, PEROLO SAS, DuPont de Nemours, Inc., Trelleborg AB, Parker-Hannifin Corporation, TRP Polymer Solutions Ltd., VSP Technologies Inc., and Pelican Worldwide B.V. are among the key players in the chemical transportation seals market.
Europe is expected to remain the largest market for chemical transportation seals during the forecast period of 2020-2025.
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