Elastomer Seals Market Report

Market Highlights

Elastomers possess a wide range of properties such as thermal stability, excellent corrosion resistance, high ductile strength, chemical resistance, high-pressure fluctuation stability, high performance, lightweight, durability, and good strength. By virtue of these properties, elastomer seals are used in many industries such as aerospace, marine, automotive, construction, and chemical. Elastomer seals act as a mechanical barrier, protecting machines from various kinds of leakages and wear & tear caused by friction between moving parts. They extend the life, productivity, and performance of equipment. They keep dirt and dust out of the equipment while also helping to retain lubrication and preventing contamination of essential fluids present inside any mechanism.

A significant amount of growth in the above-mentioned industries is expected to fuel the market demand for elastomer seals in the coming years. Because of the growing demand for efficient and lightweight seals in aircraft, spacecraft, and vehicle manufacturing, elastomer seals are in high demand in these industries. Large industries require equipment that can operate continuously for long periods without failure; for this purpose, high-performance seals are required. 

The COVID-19 pandemic in 2020, wreaked havoc on the thriving elastomer seals market, affecting supply and demand. The pandemic's severe impact brought in a global economic slowdown, causing unprecedented disruption and losses for the stakeholders. Lockdowns, supply chain disruption, lack of manpower, unavailability of raw materials, and low consumer demand have all hurt the market. The elastomer seals market experienced a massive decline of -11.0% in 2020.

However, the impact of COVID-19 was a short-term fiasco, and most industries began to recover after the lifting of lockdown and other restrictions. The long-term outlook of the industries seems favorable implying that the elastomer seals market is likely to grow at a healthy CAGR of 4.6% to reach a value of US$ 52.6 Billion in 2027. 

Market Segments' Analysis

Based on the end-use industry type, the elastomer seals market is segmented as transportation, processing, electrical & electronics, mobile machinery, manufacturing tools, energy & power, and others. Transportation is expected to remain the biggest demand generator for elastomer seals in the years to come. The transportation industry is the largest consumer of seals, with seals used extensively in the automotive, aircraft, rail, and marine industries. Elastomer's excellent physical properties, such as durability, corrosion resistance, tensile strength, lightweight, softness, thermal stability, and adhesive properties, make it the preferred choice for the transportation sector. O-rings, gaskets, energized seals, and profile seals are preferably made using elastomers. Among elastomers, silicone is the most preferred sealing material.

Based on the material type, the market is segmented as silicone, EPDM, fluoroelastomer, nitrile, and others. Silicone is expected to remain the most dominant material type in the market during the forecast period. Silicone rubber offers excellent electrical insulation; is flame resistant; has low chemical reactivity, higher flexibility, and low compression set in extreme heat or cold; all of these characteristics make silicone an ideal choice as a sealing material. On the other hand, fluoroelastomers (FKM, FFKM, etc.) are likely to witness an excellent growth rate in the years to come. Growing preference for fluoroelastomers in the high-performance industries, such as semiconductor and medical, is likely to drive their demand at the highest rate in the years to come. 

Based on the product type, the market is segmented as O-rings, gaskets, energized seals, lip seals, profile seals, and others. O-rings and gaskets are expected to remain the major markets during the forecast period. They are used in a wide range of applications across end-use industries, because of their simple design, lower cost, ease of service, and ability to maintain their properties even in extreme conditions.

In terms of regions, Asia-Pacific is expected to remain the largest as well as the fastest-growing market for elastomer seals during the forecast period. Despite several challenges, China and India are likely to remain the growth engines of the market in the years to come. Matured markets, such as Japan and Korea, are likely to further substantiate the demand for elastomer seals during the same period.

North America and Europe are also likely to create sizeable opportunities in the years to come. A handful of countries occupy the majority of the region’s share. The USA holds the lion’s share of the North American market. Mexico is currently a small market but is likely to exhibit healthy growth opportunities in the years to come. Similarly, Germany, France, The UK, and Russia are the major markets in Europe. However, Russia-Ukraine war may have a huge impact on the entire supply chain dynamics including country-wise demand. 

Key Players

The elastomer seals market is highly fragmented with the presence of over 1,000 companies. However, a handful of companies are successful in imprinting excellent brand image in the global market in the wake of their excellent product depth, wide geographical presence, excellent track record of several eons, and huge customer base. The following are the key players in the elastomer seals market.  

• AB SKF
• Bal Seal Engineering, Inc.
• Dana Incorporation
• EnPro Industries
• Flowserve Corporation
• Freudenberg Group
• James Walker & Co.
• John Crane (Smiths Group)
• Parker-Hannifin Corporation
• Tenneco (Federal-Mogul)
• Trelleborg AB

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s elastomer seals market realities and future market possibilities for the forecast period of 2022 to 2027. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com