The Market of Chemical Transportation Seals to grow beyond US$ 699.1 million by 2025
February 11, 2020
Chemical Transportation Seals Market Overview:
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.
Report Overview:
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.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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Chemical Transportation Seals Market Segment Insights:
Valve Segment: The growth engine
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.
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https://www.stratviewresearch.com/toc/810/chemical-transportation-seals-market.html
Dominance of: PTFE and O-rings
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 product 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.
A highly/moderately/fragment consolidated Market
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.
Regional Hegemony of Europe
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.
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