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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.
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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.
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