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Global Abrasion-Resistant Rubber Pipe Market to Grow at a CAGR of 5% During 2022-2027, Aided by the Increasing Demand for Water Treatment

According to a new report by EMR titled, ‘Global Abrasion Resistant-Rubber Pipe Market Report and Forecast 2022-2027’, the global market for abrasion-resistant rubber pipe is expected to grow at a CAGR of 5% in the forecast period of 2022-2027.

The Asia Pacific region accounts for a significant share of the abrasion-resistant rubber pipe industry due to the increasing water treatment demand. As the region is home to the largest global population, the demand for natural resources like water is significantly surging. This, in turn, is boosting the demand for wastewater treatment, which is driving the market growth of abrasion-resistant rubber pipes. In addition, the introduction of various government initiatives to prevent the contamination of drinking water, especially in low-income countries, is augmenting the growth of the abrasion-resistant rubber pipe industry. Furthermore, with rapid urbanisation and industrialisation, the use of abrasion-resistant rubber pipes for adequate water supply in the region is surging, thereby fuelling the market growth. In addition, the increasing use of abrasion-resistant rubber pipes in power generation in countries like India, China, Indonesia, and Vietnam, among others, is providing further impetus to the growth of the market for abrasion-resistant rubber pipes.

Gates Corporation (NYSE: GTES), one of the leading companies in the market, launched MXG 4K at the 10th Annual International Construction Equipment and Construction Trade Show, EXCON, in December 2019. The product features the next generation of premium hydraulics to offer lightweight, compact, and highly flexible designs for various industrial applications. The product is more flexible than conventional pipes and significantly reduces the force required for faster and more ergonomic installation. The lightweight enhances equipment performance, installation, and material handling. Moreover, the product delivers superior ozone protection and abrasion-resistant properties. The development of such innovative products is increasing the use of abrasion-resistant rubber pipes, which significantly contributes to the growth of the market.

Market Analysis by Product Type, Application, and Region:

  • Based on product type, the market can be divided into flexible pipe and rigid pipe.
  • Based on application, the industry can be divided into water treatment, power, and signal communication, among others.
  • The regional markets for abrasion-resistant rubber pipe include North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.

Key Findings of the Report:

  • The increasing demand for abrasion-resistant rubber pipes to prevent leakage during transportation in power generation plants is driving the market growth.
  • The growing use of abrasion-resistant rubber pipes in water treatment due to their high tensile strength and heat-resistant properties is propelling the market's growth.
  • The market is being aided by the increasing cost-effectiveness and low energy consumption of abrasion-resistant rubber pipes, which, in turn, is surging their demand in power generation.
  • Due to their ease-of-installation, durability, and enhanced flexibility, the surging demand for abrasion-resistant rubber pipes in the oil and gas industry is providing impetus to market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for abrasion-resistant rubber pipe for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027) markets for the product type, applications, and regions of abrasion-resistant rubber pipes.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global abrasion-resistant rubber pipe market are Flexicraft Industries, Gates Corporation, PARKER HANNIFIN CORP, SISA nv, Industries 3R Inc., and Pacific Hoseflex. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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