9:49 AM Chemical Transportation Seals Market Size to reach US$ 699.1 million in 2025 |
| A seal is a device or component that is used to fill the gap between two mating surfaces. It isolates the system from an external environment; thus, prevent leakage from them. Chemical transportation seals are used in tank trucks, rail tankers, and ISO tankers to prevent the media from leakage and contamination. They are generally used in manlid, foot valve, ball valve, butterfly valve, airline valve, pressure-vacuum valve, pumps, and flanges of a chemical tanker.
Seals used in the chemical transportation industry are majorly made from either polytetrafluoroethylene (PTFE) or perfluoroelastomer (FFKM) or ethylene propylene diene monomer (EPDM). These materials provide exceptional durability, excellent wear resistance, and outstanding chemical resistance against a wide range of chemicals. These seals are mainly used in the form of o-rings and gaskets in tankers to prevent any non-accidental releases (NARs) during the time of chemical transportation. Stringent regulations to prevent non-accidental releases of chemicals during the transportation is a factor assuring a healthy demand for seals in chemical transportation. The chemical transportation seals marketis 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. Click here to get a Free Sample of the report (with additional insights): Or Read the summary of the report here Chemical Transportation Seals Market Insights: By Application Type: 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. By Material Type: 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. By Product Type: 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 material 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. By Region: 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. Click below to run through the detailed ToC of the report Features of the Report This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. Based on the research, a proper report is crafted with the following key features:
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