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Pump Casing Materials Market Forecast: Trend Analysis and Competition Tracking-Global Market Insights 2018 to 2028

Feb 11th 2019 at 3:09 AM

Market Introduction

Pump casing materials are used as raw materials for the manufacturing of pump casing. The pump casing materials are available in different types based on the type of chemistry of the pump casing materials. Pump casing materials such as metals, plastics, ceramic lined, plastic lined and alloys of metals have a wide range of applications in different types of pumps. The most common materials used in the pump casing include: cast iron, stainless steel and carbon steel. Pump casing materials possess properties like corrosion resistance, high temperature stability, abrasion resistance and impact resistance.

Pump casing materials are used in different types of pumps depending on the type of fluid to be handled by the pump. The pump casing material, ceramic lining, is used for vacuum processes and for pumping solid-laden oils, abrasive fluids and adhesives. Pump casing materials such as titanium and nickel are used in the chemical industry due to the corrosion resistance and high temperature stability exhibited by these pump casing materials. The pump casing materials such as solid plastics and plastic lined pump casing materials offer more corrosion resistance and are available at less cost as compared to the metallic pump casing materials.

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Market Dynamics

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.

Regional Outlook

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.

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

Report Analysis @ https://www.factmr.com/report/2105/pump-casing-materials-market

Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.

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