DUBLIN--(BUSINESS WIRE)--The "Global Chemical Injection Metering Pumps & Valves Market - Segmented by Metal, by Application, by End-user Industry, and Geography - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global chemical injection metering pumps & valves is expected to register a CAGR of around 4% during 2018-2023.
The global chemicals industry has grown rapidly over the past several decades. The global chemical industry generates a revenue of about USD 3,500 billion and produces precursors and intermediates for most other consumer industries. Despite limitations, such as energy costs, feedstock changes, labor costs, and regulation, the global chemical industry is expected to witness a fairly high growth rate during the forecast period, in turn, driving the demand for chemical injection metering pumps & valves.
Chemicals form the largest end-user segment in the injection metering pumps & valves market. Chemical injection systems also find a major use in power generation. China is the leading manufacturer, followed by the EU and US chemical industry. It was estimated that the Asian chemical production will outpace other regions. China dominates the world ranking. Twelve of the top 30 biggest producers are Asian, accounting for more than 50% of the global market. With the growing demand from the chemical industry, the market for chemical injection metering pumps & valves is projected to grow during the forecast period.
Europe is the largest market for chemical injection metering pumps & valves, accounting for major chunk of the global market. The chemical industry in Germany is the fourth-largest in Europe. Apart from the chemical industry, water treatment facilities in the country have also increased, due to the increased treatment of industrial waste. The increased importance and improved technology will drive growth in the country.
Moreover, Russia is one of the largest exporter of natural gas and has oil reserves, which are expected to increase further. In addition to this, the number of oil refineries and their production capacities are increasing, further driving the chemical injection metering pumps & valves market in the country.
- Hunting PLC
- IDEX Corporation
- Injection Tecnical Control Inc.
- LEWA GmbH
- Milton Roy
- Schlumberger Limited (Cameron)
- SEEPEX GmbH
- SkoFlo Industries Inc.
- SPX FLOW
- Swelore Engineering
- The McFarland Group
Key Topics Covered
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Market Analysis
7. Competitive Landscape
8. Company Profiles
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