High-Pressure Seals Market is segmented by Material (Metal, Thermoplastic Polyurethane, Hydrogenated Nitrile Butadiene Rubber (HNBR), Fluoroelastomers, Ethylene Propylene Diene Monomer, and Others), End-Use Industry (Oil & Gas, Chemicals and Petrochemicals, Power Generation, Thermal Power, Aerospace & Defence, Mining, Manufacturing Industry, and Pharmaceuticals), and Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, The UK, Russia, and Rest of Europe], Asia-Pacific [China, Japan, South Korea, India, and Rest of Asia-Pacific], and Rest of the World [Brazil, Saudi Arabia, and Others]).
High-Pressure Seals Market is segmented by Material (Metal, Thermoplastic Polyurethane, Hydrogenated Nitrile Butadiene Rubber (HNBR), Fluoroelastomers, Ethylene Propylene Diene Monomer, and Others), End-Use Industry (Oil & Gas, Chemicals and Petrochemicals, Power Generation, Thermal Power, Aerospace & Defence, Mining, Manufacturing Industry, and Pharmaceuticals),...
A mechanical device known as a high-pressure seal joins high-pressure systems to maintain pressure and stop leaks for effective and safe operation. High-pressure seals are frequently made using industrial-grade metals or rubbers. In addition to being crucial for handling high pressures, these seals are also incredibly resilient and may be utilized in both hot and low temperatures. These seals are necessary for pressure valves, compressors, hydraulic pumps, and tube couplings.
Market Drivers
The world's oil & gas sector is expanding, and crude oil prices are gradually rising. It is anticipated that more production and exploration activities will follow, leading to an increase in demand for high-pressure seals, which are extensively employed across the supply chain for petroleum products. The need for high-pressure seals is also rising because of the booming pharmaceutical and industrial sectors. Increased demand for autos, which is fueled by rising disposable income and living standards, is driving up demand for high-pressure seals. Most factories that make automotive components use these seals as a crucial component. However, the usage of gland packing and seal-less pumps, as well as the use of limitless hotspots for power generation, are limiting the industry's total expansion.
COVID-19 Impact
High-pressure seals, a sizeable market, could not escape from such trends and witnessed a colossal decline of more than 15% in 2020 Globally, the COVID-19 pandemic epidemic has harmed the development of many businesses, including high-pressure seals. The sales, demand, and manufacture of high-pressure seals have also faced hitherto unheard-of difficulties because of the slowed-down operations in electronics, automotive, and many other industries. This is due to the emergence of undesirable circumstances, such as the shortage of manpower and raw supplies brought on by the application of the social lockdown and distancing rules.
Segments Analysis
By Material Type
“Ethylene Propylene Diene Monomer (EPDM) dominates the market during the forecast period.”
The High-Pressure Seals Market is segmented into Metal, Thermoplastic Polyurethane, Hydrogenated Nitrile Butadiene Rubber (HNBR), Fluoroelastomers, Ethylene Propylene Diene Monomer, and Others. EPDM is expected to remain the most preferred material in the market during the forecast period owing to the rise in demand for ethylene propylene dyne terpolymer seals in the power generating industry is the factor that can be ascribed to EPDM's expansion.
In the power generation sector, high-pressure seals based on EPDM are employed. Better heat resistance, greater low-temperature flexibility, and improved weather resistance are all features of these seals. Future demand for high-pressure seals made of EPDM will be driven by the rising electrical consumption from developing nations like Southeast Asian nations and developing economies like China, India, and Southeast Asia.
By End-Use Industry Type
“Oil & Gas dominates the market during the forecast period.”
The market is segmented into Oil & Gas, Chemicals & Petrochemicals, Power Generation, Thermal Power, Aerospace & Defense, Mining, Manufacturing Industry, and Pharmaceuticals. Oil & Gas is expected to remain the dominant as well as the fastest-growing end-use industry in the market during the forecast period.
The rising use of high-pressure seals in valves, compressors, couplings, and hydraulic pumps is one of the reasons contributing to the expansion of this market. It is also anticipated that growing research activity in developing economies will fuel the segment's expansion.
Regional Analysis
“Asia-Pacific is expected to remain the largest market for High-Pressure Seals during the forecast period.”
Due to rapid industrialization, Asia-Pacific currently holds a monopoly on the worldwide high-pressure seals market and is predicted to grow at the highest CAGR throughout the forecast period. Due to the rising demand for high-pressure seals from well-established aerospace & defense industries, North America also held a sizeable market share. Due to the expanding use of high-pressure seals in downstream applications as well as research and production operations, Europe and the Rest of the World are anticipated to have significant expansion during the projection period.
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Key Players
The market is highly populated with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors including price, product offerings, regional presence, etc.
The following are the key players in the high-pressure seals market (arranged alphabetically).
Note:The above list does not necessarily include all the top players in the market.
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Report Features
This report provides market intelligence most comprehensively. 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.
What Deliverables Will You Get in this Report?
Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
In-depth Analysis of the High-Pressure Seals Market
How lucrative is the future?
The market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional, and country-level historical data and forecasts
Which are the most attractive market segments?
Market Segment Analysis and Forecast
Who are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
Will I get the information on my specific requirements?
10% free customization
Research Methodology
This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s high-pressure market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner to provide a panoramic view. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate 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 1,000 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 market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
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Detailed profiling of additional market players (up to three players)
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Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
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A mechanical device known as a high-pressure seal joins high-pressure systems to maintain pressure and stop leaks for effective and safe operation. High-pressure seals are frequently made using industrial-grade metals or rubbers. In addition to being crucial for handling high pressures, these seals are also incredibly resilient and may be utilized in both hot and low temperatures. These seals are necessary for pressure valves, compressors, hydraulic pumps, and tube couplings.
SKF, DuPont, Flowserve, John Crane, Eagle Burgmann, Aesseal, Ekato Holding, American High Performance Seals, Jet Seal, James Walker, and Seal Houseica are the leading players in the High-Pressure Seals market.
Asia-Pacific is estimated to remain dominant in the High-Pressure Seals Market in the foreseeable future. The key economies driving the region’s demand for automotive seals are China, India, and Japan.
Oil & Gas is expected to remain the dominant end-user industry in the market during the forecast period. The rising use of high-pressure seals in valves, compressors, couplings, and hydraulic pumps is one of the reasons contributing to the expansion of this market. It is also anticipated that growing research activity in developing economies will fuel the segment's expansion.
