How Will COVID-19 Impact Pipe Wipers Market?

The pipe wipers market may record extensive growth across the forecast period of 2019-2029 due to their characteristic of effective slippage-prevention. The application of pipe wipers across municipal water supply, industrial purposes, petrochemicals, automotive, commercial, and chemicals may serve as prominent growth generators for the pipe wipers market. They remove debris and fluids from the pipe. They also prevent foreign objects from entering the wellbore by guarding the annulus between casing and tubing.

Production capabilities are being revamped by numerous manufacturers of the pipe wipers market to cater to the increasing demand for pipe wipers across a variety of applications. Mergers, acquisitions, joint ventures, collaborations, and partnerships may bring tremendous growth for the pipe wipers market during 2019-2029.

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Pipe wipers made from robust materials may garner considerable momentum during the forecast period as they are used in operations with high friction and rumbles like oil, gas, or water extractions processes. Therefore, the manufacturers are concentrating on making strong pipe wipers that are in tandem with customer requirements.

Pandemic Impact

The novel coronavirus outbreak has cast its ugly shadow across the globe with expanding transmission rates and overwhelming fatality rates. The governments of various countries had implemented complete lockdown to contain the spread of COVID-19. This led to the shutting down of manufacturing units and production facilities exempting some essential sectors. The production of pipe wipers has also been affected negatively across the forecast period. Therefore, this aspect may dampen the growth prospects of the pipe wipers market.

Nevertheless, some countries are relaxing lockdown restrictions to a certain extent to revive the economy. The pipe wipers market may recover from the losses incurred as production facilities are being allowed to operate at limited strength. Oil exploration activities have also resumed, thus giving a boost to the growth of the pipe wipers market.

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Growing Efforts by Vendors to Offer Technologically Advanced Products Stimulate Demand for Pipe Wipers

The global pipe wipers market is expected to show prodigious growth during forecast period of 2019 to 2029, states the latest report published by TMR Research. Pipe wipers are gaining traction owing to their ability to effectively prevent slippage while working. Thus, pipe wipers are used to advance the safety of the operator. Owing to these benefits, there is increase in the demand for the products available in the global pipe wipers market. Based on type, the market pipe wipers is segmented into split dual and solid dual pipe wiper, single/flat pipe wiper, and handle bar pipe wiper.

The latest report titled, “Pipe Wipers Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 – 2029” is intended to give all-inclusive data on driving factors and potential opportunities for the growth of the global pipe wipers market. Shares, volume, and revenues of the key players are precisely described in the latest report on the global pipe wipers market. Thus, the report can be used as a perfect guide by all entities active in the market for pipe wipers.

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The increased application of pipe wipers in oil and gas, municipal water supply, commercial, automotive, chemical and petrochemicals, and industrial purposes is stimulating the global pipe wipers market growth. Rising number of worldwide population and increased consumption of natural reserves are some of the key reasons working as a driver for the market for pipe wipers. The report performs the segmentation of the global pipe wipers market on the basis of type, application, and region.

Major Players Focus on Offering Innovative Products

The global pipe wipers market is fairly fragmented in nature. Presence of many small as well as well-established vendors makes the competitive landscape of the market for pipe wipers highly intense. To maintain the leading position in this scenario, major enterprises in the global pipe wipers market are focused on adopting innovative business tactics. Some of the common strategies are mergers, acquisitions, and collaborations. All these moves are helping enterprises to grow their businesses strategically, thereby stimulating the growth of the global pipe wipers market.

 Many vendors in the global pipe wipers market are growing investments to rolling out technologically advanced products. Besides, numerous players in the market for pipe wipers are entering into partnership deals. These efforts are helping companies to grow their regional presence. In addition, vendors are growing efforts to advance their production capabilities. All these activities signify that the global pipe wipers market holds stupendous avenues for growth during the forecast period of 2019 to 2029.

The list of the major players active in the global pipe wipers market includes Buhlmann Rohr-Fittings Stahlhandel GmbH, Benteler International, Astral Polytechnik Limited, Wienerberger AG, Finolex Industries Limited, JFE Holdings, Unicorn Group, Advanced Drainage Systems, OAO TMK, and Mueller Industries.

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Regulatory, Financial, and Political Backing in Europe Leads to Increased Avenues for Market Growth

On regional front, the global pipe wipers market is spread across seven key regions, namely, Latin America, North America, East Asia, South Asia, Europe, Oceania, and the Middle East and Africa. Of them, Europe is one of the lucrative regions in the market for pipe wipers. Some of the key reasons driving the pipe wipers market growth are regulatory, financial, and political support in the region. Besides, North America is projected to gain promising opportunities of growth during the forecast period of 2019 to 2029. Some of the key reasons for this scenario are swift expansion of the petrochemicals and chemical, and oil & gas requirements in the region.