Pump for Chemical Market size is estimated to be USD 5.02 Billion in 2024 and is expected to reach USD 7.82 Billion by 2033 at a CAGR of 5.2% from 2026 to 2033.
The global Pump for Chemical Market was valued at USD 9.34 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 5.2% during the forecast period, reaching USD 14.88 billion by 2030. The markets growth is driven by the increasing demand for pumps in the chemical industry, particularly for handling aggressive and corrosive liquids. Moreover, the adoption of advanced pump technologies to enhance energy efficiency and reduce operational costs is fueling market growth. The market is experiencing robust growth due to technological innovations in pump designs, including advancements in materials and automation systems, which improve reliability and safety in handling chemicals in various applications such as refining, petrochemical, and specialty chemicals.
Regionally, North America accounted for a significant share of the market in 2022, contributing to approximately 35% of the global market revenue. The regions growth is attributed to the expanding chemical industry, particularly in the U.S., where demand for pumps is increasing in various chemical processing applications. Europe followed closely with a market share of around 30%, driven by the presence of large scale chemical manufacturing plants in countries like Germany and France. The Asia Pacific region, including countries like China and India, is expected to witness the highest growth rate during the forecast period, with a CAGR of 6.3%. This is due to the rapid industrialization, growing chemical production capacity, and rising demand for pumps in emerging economies. The Middle East and Africa, as well as Latin America, are expected to show moderate growth due to expanding oil and gas sectors and increasing investments in chemical processing industries in these regions.
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BOSCH
GE
Grundfos Holding AS
SAMOA Group
WITTE PUMPS & TECHNOLOGY GmbH
Weir Minerals
Xylem
KSB
Dropsa spa
DESMI
NETZSCH
Pentair
Iwaki Co. Ltd.
ITT
INC.
Schlumberger Limited
EBARA International Corporation
The Weir Group PLC
Vaughan Company
HERMETIC-Pumpen GmbH
Sulzer Ltd.
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Pump for Chemical Market
Centrifugal Pumps
Positive Displacement Pumps
Magnetic Drive Pumps
Submersible Pumps
Stainless Steel
Plastic
Alloy Materials
Cast Iron
Water Treatment
Petrochemical
Pharmaceutical
Food and Beverage
Pulp and Paper
Mining and Minerals
Manual Pumps
Electric Pumps
Pneumatic Pumps
Hydraulic Pumps
Chemical Manufacturing
Oil and Gas
Water and Wastewater Management
Agriculture
Construction
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Pump for Chemical Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Pump for Chemical Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Pump for Chemical Market, By Type
6. Global Pump for Chemical Market, By Application
7. Global Pump for Chemical Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Pump for Chemical Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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