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The growth in the demand for pumps in various industries such as agriculture, chemical, oil and natural gas etc. is expected to drive the demand for the pump casings and the pump casing materials. Low cost and high efficiency offered by pump casing materials such as plastics is expected to help in the sales growth of pump casing materials during the forecast period. The growth of water infrastructure industry is expected to increase the demand for pumps which in turn is expected to help in the market growth of pump casing materials. The fluctuations in the prices of materials such as cast iron, ductile iron are expected to retard the sales growth of the pump casing materials.
The pump casing materials market is segmented on the following basis:
Pump casing materials by type:
- Carbon Steel
- Cast Iron
- Stainless Steel
- Ceramic Linings
North America region is expected to have a decent growth in the sales of pumps in near future owing to the demand from chemical and oil and natural gas industries. The sales growth of pumps is expected to drive the market for pump casings and pump casing materials. APEJ region with its growing construction industry mainly in China and India is expected to create a platform for the sales growth of pumps. The growth in the sales of pumps is expected to help in the market growth of pump casings and pump casing materials. Middle East and Africa region has a well-established oil and natural gas industry and a moderately growing construction and chemicals industry. The growth of these industries in Middle East and Africa is expected to help in increasing the demand for pumps and the growth of pump casing materials.
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The European region is expected to boost the demand for the pumps owing to the high mining activity in the northern parts of Europe, growing chemical and construction industry. The growth in demand for the pumps is expected to help in the market growth of pump casings and pump casing materials. Pump casing materials in Latin America are expected to have a growth in the sales owing to the rise in the demand for the pumps from the moderately growing construction industry in the region.
List of Participants
The market participants involved in the pump casing materials market are listed below:
- CP Pumpen AG
- HMS Group
- Zibo Quingdong Machinery Manufacturing Co., Ltd
- KSB SE & Co., KGaA
- Wilo SE
- Jindal Stainless Steel Corp Management Services Pvt. Ltd
- Manufacturer’s Brass and Aluminum Foundry, Inc.
This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters. A thorough analysis has been offered by the report on
- Market Dynamics
- Market Size
- Market Segments
- Demand & Supply Trends
- Current Issues and Challenges
- Companies and Competitor Landscape
- Value Chain
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