Sulphuric Acid Resistant Chemical Pump Market Size, Share, Growth, and Industry Analysis by Type (Horizontal, Vertical), by Application (Chemical Industry, Metallurgical Industry, Textile Industry, Fertiliser Industry, Others), Regional Insights, and Forecast To 2031

Updated On: 22 April 2024

Sulphuric Acid Resistant Chemical Pump Market Report Overview

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global sulphuric acid resistant chemical pump market size was USD 300 million in 2022 and market is projected to touch USD 392.74 million by 2031 at CAGR 3.0% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with sulphuric acid resistant chemical pump market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market growth and demand returning to pre-pandemic levels once the pandemic is over. 

Sulphuric acid is one of the important compounds manufactured by the chemical industry. Sulphuric acid is used to make numerous diverse composites as per requirement in every industry. Chemical pumps which are used for sulphuric acid uses in which it transfers the chemical from container to another container. Sulphuric acid is widely used in various industries, including chemical manufacturing, mining, wastewater treatment and more. Sulphuric acid transfer pumps are considered to handle the corrosive nature of sulphuric acid, ensuring reliable performance and efficient transfer. They are usually made from materials that are resistant to corrosion. They are designed to pump sulphuric acid at high pressure and are capable to handle an extensive range of temperatures and pressures, making them suitable for many industrial presentations. The chief significance of these pumps is their capability to handle high temperature and compression conditions. Chemical pumps are used in the petrochemical, food processing and chemical industries as well as in external applications of processing plant and in high-temperature heating systems. Upsurge in investments by key market players for the R&D undertakings and enlargement of their production abilities and product portfolios are projected to upsurge the growth. Growth is mostly operated by demand for agriculture, chemical and automotive manufacturing, metal processing and petroleum refining. Sulphuric acid is extensively used in the production of fertilizers, pesticides, metals, detergents, gasoline, paints, paper, plastics and batteries. Sulphuric acid production is an energy-consuming process. Sulphuric acid resistant chemical pump has a series of excellent properties such as high and low temperature resistance, anti-aging, non-toxic decomposition and others.

COVID-19 Impact:  Pandemic hampered the market due to unexpected disruption in the sector

Covid 19 pandemic has extremely affected the whole world. It caused many unexpected disruption and affected the industry. Covid 19 had negative impact on the market due to economic slowdown, unpredictability in financial sector and high unstable market. The pandemic resulted in decreased demand due to a disrupted supply chain, drop in sales of products, delivery schedules. Travel bans imposed affected business collaboration and partnership. Demand had recently reduced due to travel bans and lockdown during the COVID-19 pandemic. The continuous loss in the business due to the lockdown measures is projected to directly influence the growth of the investments in the market.

Latest Trends

"Use of innovative products to boost the market growth "

Technological improvement and development will further enhance the presentation of the product, allowing it to obtain a varied range of requests in the market. Technological advancement will improve performance and propel the market growth. Technological advancement with high demand are increasingly setting a force to increase the productivity. Some players focus on product improvement to meet consumer requirements and likings. Constant innovation in manufacturing of products is anticipated to stimulate product demand.

Sulphuric Acid Resistant Chemical Pump Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into horizontal, vertical.

Vertical capture the maximum market share through forecast period.

• By Application Analysis

According to application, the market can be segmented into chemical industry, metallurgical industry, textile industry, fertiliser industry, others.

Sulphuric acid resistant chemical pump market players cover segment as chemical industry will dominate the market share during forecast period.

Driving Factors

"Increase in demand in various activities to boost the market growth"

Rising ecological concerns regarding air pollution are projected to create potential opportunities for the sulphuric acid resistant chemical pump market growth. Rising demand for sulphuric acid in various end-use activities such as metal processing, water treatment, and others is anticipated to enhance market growth.

"Technological advancement and development to upsurge the market"

Technological advancements and innovation activate unique revenue augmenting opportunity which will upsurge the market growth. Improvements in vertical sulphuric acid pumps are likely to offer new prospects for market players over the forecast period which are expected to deliver profitable opportunities for the market.

Restraining Factors

"High cost of maintenance to hamper the market growth"

High cost is hampering development of sulphuric acid resistant chemical pump market. Investment cost required for the industry is not affordable for smaller companies. Lack of knowledge and awareness is also another factor which is depleting the market growth.

Sulphuric Acid Resistant Chemical Pump Market Regional Insights

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"North America to dominate the region due to technological development"

North America is further expected to witness growth in the sulphuric acid resistant chemical pump market share. The region is dominating the market due to the rising inhabitants and increasing income levels are also contributing to the development of the market. Furthermore, the growing use of sulphuric acid for industrial processes. Upsurge in investments by key market players for the R&D undertakings and enlargement of their production abilities and product portfolios are projected to upsurge the growth.

Key Industry Players

"Key players focus on partnerships to gain competitive advantage."

The key players are dynamically contributing in strategic events that are aimed at maintaining strong market position and increasing market share by merger, partnerships and others. Key players are motivated to introduce new innovative products. They are spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market. The market changes are dynamic such as market expansion, partnership and merger.

List of Market Players Profiled

• Sulzer (Switzerland)
• Grundfos (Denmark)
• Flowserve (U.S.)
• Goulds Pumps (U.S.)
• Hayward Gordon (U.S.)

Report Coverage

The report provides scrutiny and information according to market sectors. Business overview, financial overview, product portfolio, new project launch, recent development enquiry are the factors included in the profile. The report incorporates completely examined and appraised evidence of the noticeable players and their position in the market by methods for various descriptive tools. The report covers national and regional level market size and forecast. The report gives businesses the facility to research new prospect in many areas. The report shows to be an operational tool that players can use to gain a competitive superiority over their opponents and ensure lasting achievement in the market.