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.
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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