The “Global Pipe Floats Market by Product Type (600 Liter, 800 Liter, 1000 Liter and Other) and by End-Users/Application (Marine, Mining, Oil & Gas and Others) Global Market Share, Forecast Data, In-Depth Analysis, and Detailed Overview, and Forecast, 2014 – 2026″ report has been added to ProficientMarket.com’s offering.
According to the report, Global Pipe Floats Market in 2019 stood at USD 1,724.71 million and is expected to reach USD 2,880.14 million by 2026 growing at a CAGR of 7.60 % from 2019 to 2026.
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Pipefloats are made from UV-stabilized polyethylene and are rotationally molded, they are used as hoses and are secured around pipes & cables for use in marine environments for dredging. They are sold as kits and each kit comes in two halves with associated hardware, and are stackable for storage or within a shipping container, or other industries for economical transportation. It can be installed easily and provides solution that allows pipes to bend and flex, while maintaining low resistance to waves, wind and current. Various uses are: floatation of pipes, hoses and cables for dredging, mining and marine applications.
Pipe Floats Market Key Players: The research study includes profiles of leading companies operating in the global pipe floats market. Key players profiled in the report include:
Sealite Pty Ltd
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Drivers for the Global Pipe Floats Market: Increasing demand of technology for the marine industry globally is owing to increase the disposable income for the market. As the floats aid in providing resistance to sea conditions, they are easy to install and can be carried in the ship, they are made in highly visible colors so they can be viewed from a distance as well and consist various other factors for the ships. Hence the marine industry is positively influencing the market and is the major driver for the Pipe Floats market.
Opportunities for the Global Pipe Floats Market: Moreover, the latest floats available are designed to accommodate a solar marine light for night-time visibility which provide high requirement for the marine industry as most of the fishing is done during the nights and hence this serves as one of the opportunities to carry the market in the future.
Restrains for the Global Pipe Floats Market: However, the floats can get damaged due to continuous water contact and sometimes the water enters into the float and make it heavy and will cause some damage to the ships. Hence these factors can majorly hamper the growth of the pipe floats market.
Region Wise, Global Pipe Floats Market Analysis: North America held major share in the market because of general economic conditions; government spending on marine transport systems and investment in new technologies. Besides, Europe and China have large shares in the pipe floats market.
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Global Pipe Floats Market: Product analysis
On the basis of type, 800 Liter accounted for largest share of total revenue generated. Because, of its features including tapered internal ends that allow the pipe to flex, and an internal anti-slip mechanism.
Global Pipe Floats Market: Application analysis
Oil & Gas
The demand of global pipe floats market is highest from Marine, due to its high usage for water purposes as it provides pipes with closed-cell polyurethane foam to prevent water ingress to prevent damage.
Global Pipe Floats Market: Region analysis
North America: U.S., Canada, Mexico
Europe: U.K., France, Germany, Spain, Italy, Rest of Europe
Asia Pacific: China, Japan, South Korea, ASEAN, India
Rest of Asia Pacific: Latin America, Brazil, Argentina, Colombia, Rest of L.A.
Middle East and Africa: Turkey, GCC, UAE, South Africa, Rest of Middle East
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