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Seals Market Report
Seals Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2022-2027
The Seals market was projected to grow from USD 62.1 billion in 2021 to USD 84.7 billion by 2027 at a CAGR of over 4.9% during the 2022-27. However, the long-term interpretation still seems favorable and rewarding, owing to the strong industry fundamentals.
In 2020, the Seals market was gravely affected by the pandemic. The wrath of the pandemic caused supply chain disruption, lockdowns, and labor and material shortages all over the world. As a result, the Seals market suffered a hefty -10% decline in 2020.
What are Seals?
Seals are devices or substances that are used to join two things together so that they do not separate or allow anything to pass between them. They are also used to prevent any liquid or gas handled by an application from leaking into the environment. Seals not only play an important role in leakage protection, but they also improve the application's operating efficiency, protect moving parts of the equipment, and are used to increase the application's lifespan and productivity.
Material selection is very important because better material provides better functionality, which leads to energy and capital savings. Seals must be resistant to high pressure and temperature fluctuations, corrosive materials such as alkaline acids, gases, electric and magnetic forces, and chemicals, among others. As a result, selecting the proper seal material is critical. Seals are the essential components of any machine/equipment/application and are used in almost every industry such as automotive, aerospace, chemicals, marine, healthcare, and energy & power, making them a perfect choice for investment.
The Seals market is highly populated in terms of Seals suppliers. Stratview Research estimates the presence of over 1,000 players active in the Sealsing solutions business. Out of several players, a handful of players hold vast product portfolios covering all the end-use markets. The following are the key players in the Seals market (arranged alphabetically).
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For machines with long running hours, customers are opting for thermal resistant Seals which offers high optimization and durability. Temperature plays a vital role in operations of Seals in every industrial equipment, owing to many reasons, the demand for thermal resistant Seals is growing across the world.
Temperature plays a crucial role in the operation of Seals in all the industrial equipment. Hence, the demand of thermal resistant Seals is increasing owing to the producing sector across the globe. Additionally, the demand for large capability manufacturing units has increased in the numerous industries for the past few years.
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End-use industry type
The 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 Seals with a market share of around 34% during 2021 is projected to grow at a robust CAGR during the forecast period.
The market is segmented as O-rings, gaskets, energized Seals, lip Seals, mechanical Seals, and others. Lip Seals are expected to remain the largest as well as the fastest-growing segment with a market share of around 20.5% during 2021 is projected to grow at a robust CAGR during the forecast period Lip Seals are majorly used in rotary applications such as pumps, turbines, aircraft engines, and automobile engines, giving the segment a dominant position. Lips Seals are also widely used in manufacturing industries such as food processing, pharmaceuticals, and chemicals.
Regional Analysis
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The Seals market is segmented into the following categories.
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Report – Features |
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Market Segmentation |
4 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
11 |
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No. of Figures & Tables |
>140 |
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Company Profiles |
1 |
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
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Market Size in 2027 |
USD 84.7 billion |
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Market Size in 2021 |
USD 62.1 billion |
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Market Growth (2022-2027) |
4.90% CAGR |
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Base Year of Study |
2020 |
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Trend Period |
2016-2019 |
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Forecast Period |
2022-2027 |
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Segments Covered |
by End-Use Industry Type (Transportation, Processing, Electrical & Electronics, Mobile Machinery, Manufacturing Tools, Energy & Power, and Others), by Product Type (O-rings, Gaskets, Energized Seals, Lip Seals, Mechanical Seals, and Others), by Material Type (Elastomeric Seals, Thermoplastic Seals, and Metallic Seals), by End-User Type (OE and Aftermarket), by Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, The UK, Russia, and Rest of Europe], Asia-Pacific [Japan, China, India, and Rest of Asia-Pacific], and Rest of the World [Brazil, Saudi Arabia, and Others]).
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Top Companies in 2021 |
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Dominant Region |
Asia pacific accounted the largest market share in 2021 and is projected to grow at a significant CAGR during the assessment period. |
By Application Type
By Product Type
By Material Type
By End-User Type
By Region
Critical Questions Answered in the Report
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s Seals market realities and future market possibilities for the forecast period of 2021 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 5,000 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.
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Competitive Benchmarking
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
Seals are devices or substances that are used to join two things together so that they do not separate or allow anything to pass between them. They are also used to prevent any liquid or gas handled by an application from leaking into the environment. Seals not only play an important role in leakage protection, but they also improve the application's operating efficiency, protect moving parts of the equipment, and are used to increase the application's lifespan and productivity.
The seals market was projected to grow at a CAGR of over 4.9% during the forecast period.
The market size was estimated USD 62.1 billion in 2021.
The market size is estimated to reach USD 84.7 billion by 2027.
Asia-Pacific is expected to remain the largest and fastest-growing market for Seals during the forecast period.
AB SKF, Dana Incorporation, EnPro Industries, Flowserve Corporation, Freudenberg Group, Greene Tweed & Co., Inc., Hutchinson SA, James Walker & Co., John Crane (Smiths Group), Parker-Hannifin Corporation, Saint-Gobain S.A., Tenneco Inc., and Trelleborg AB are some of the key players (arranged alphabetically) in the market. Their vast product portfolio, global reach, and presence of sales offices and manufacturing facilities in the majority of regions are the factors behind their dominance.
Transportation is likely to maintain its dominance in the market over the next five years, owing to the widespread use of Seals in aircraft, passenger cars, LCVs, M&HCVs, railways, ships, and boats, among other applications.
Factors such as increasing automobile and aircraft production; rising construction, mining, and agriculture activities; the growing processing industry; rising demand for oil & gas; and increasing demand for consumer electronics are likely to drive the market for Seals in the foreseen future. One of the driving factors in the Seals market is the increase in the use of Seals to save energy and reduce pollution. Several industries across the globe are adopting Sealsing technology. One of the key factors driving the growth of these Seals market is the rising adoption of customized Seals in various industries
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