High-Performance Seals Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type ( Hydraulic and Fluid Seals, Rotary Shaft Seals, Spring Seals, Oilfield Seals, Pump Seals, Others); End-Use Industry ( Oil and Gas, Chemical, Power Generation, Aerospace and Defense, Pharmaceutical, Automotive, Food and Beverage, Others ), and Geography

Publication Month: Jul 2021 | Report Code: TIPRE00023241 | No. of Pages: 168 | Category: Chemicals and Materials | Status: Published

Covid
Assesing the covid-19 impact?
Get the Latest COVID-19 Analysis on this market
Request Now
Happy to join you in your fight against the COVID-19 economic pandemic!

The high-performance seals market was valued at US$ 7,920.82 million in 2020 and is projected to reach US$ 10,426.16 million by 2028; it is expected to grow at a CAGR of 4.0% from 2021 to 2028. 

High-performance seals are used against high-pressure gases and liquid chemicals to withstand mechanical deformation. Seals are either machined or molded and are carefully designed using sophisticated simulation software. Seals are made of a variety of materials, such as polyurethane, rubber, or polytetrafluoroethylene (PTFE). High-performance seals are of different types such as hydraulic seals, rotary shaft seals, oil seals, packings, gaskets and other high performance rubber and plastic parts. High performance seals offer high resistance from fluid, heat, and wear & tear. High-performance seals are highly utilized by various end-user industries such as chemical, automotive, oil & gas, aerospace & defense, pharmaceutical, construction, and many others.

 

The high-performance seals market in Asia Pacific is expected to grow at the highest CAGR during the forecast period. The growth of the market in this region is mainly attributed to factors such as the significant growth in chemicals, automotive, oil & gas, and aerospace & defense. The region provides ample opportunities for the growth of the market owing to rapid industrial development, along with significant rise in foreign direct investments, and increasing expenditure toward research and development activities. These factors are altogether expected to diversify the application base of high performance seals and also drive the market growth. Furthermore, the rapid development of manufacturing base, backed by improved economic activities and better investment opportunities, is promoting the growth of high-performance seals in Asia Pacific market. China is dominating the regional market, followed by other countries such as Japan, India, and South Korea.

 

Impact of COVID-19 Pandemic on High Performance Seals Market

The ongoing pandemic has drastically altered the status of the industrial sector and has negatively impacted the growth of the high-performance seal market. Industries such as oil & gas, chemical, power generation, aerospace & defense, pharmaceutical, semiconductor, automotive, and food & beverages have been impacted by the sudden distortion in operational efficiencies and disruptions in the value chains due to the sudden closure of national and international boundaries. For instance, as per an article published by the Aerospace Manufacturing Magazine in January 2021, a decline of 54% in deliveries of aircraft was registered compared to the previous year. Similarly, the growth of power generation sector was also impacted by the pandemic leading to reduced demand, financial stress, and disruptions to the power supply chain as highlighted by the International Finance Corporation. The significant decline in the growth of the several industrial sectors negatively impacted the demand for high-performance seals in the global market. The significant disruptions in terms of sourcing of raw materials from suppliers, as well as temporary closure of manufacturing bases due to indefinite lockdowns and temporary quarantines, have impacted the growth of the market. Nevertheless, as the economies are planning to revive their operations, the demand for high-performance seals is expected to rise globally.

 

High Performance Seals Market

High Performance Seals Market

Get more information on this report :


 

Market Insights

Rising Demand for High-Performance Seals from Automotive Industry Fuel High Performance Seals  Market Growth

Automotive manufacturers demand new and innovative high-performance material to be used in automotive components. The automotive industry is witnessing a monumental transformation across the world owing to rapid urbanization, rise in disposable income, and shift in consumer lifestyle. Further, the positive impact of globalization, improvements in manufacturing capabilities in developing economies, and incorporation of advanced technology are among the factors bolstering the demand for passenger and commercial vehicles. As per The Economist Intelligence Unit Limited, the sales of new car are expected to witness a rise of 15% by the end of 2021, among which the sales of commercial vehicle may record a rise of 16% by 2021. The high-performance seals are extensively used in various automotive applications such as air conditioning systems, vehicle batteries, braking systems, electronic control units, fuel systems, and ride control systems. Therefore, the rising sales of vehicles drive the demand for high-performance seals material used in automotive components.

The high-performance seals withstand high temperatures in long-distance driving. Furthermore, the imposition of strict carbon emission regulations motivate manufacturers to comply with specifications to help minimize emissions and risk of unexpected downtime, which has further promoted the demand for such seals.

 

Product Type Insights

Based on product type, the high-performance seals market is segmented into hydraulic and fluid seals, rotary shaft seals, spring seals, oilfield seals, pump seals, and others. The hydraulic and fluid seals segment accounted for the largest market share in 2020 and it is expected to register the highest CAGR during the forecast period. Hydraulic seals are used in hydraulic cylinders to seal the openings between the cylinder's various components. Seals are either machined or molded and are meticulously engineered utilizing advanced simulation tools. Hydraulic seals are made of a variety of materials such as polyurethane, rubber, or polytetrafluoroethylene (PTFE). These seals offer high resistance from fluid, heat, and wear & tear. The major tasks of hydraulic seals are to retain hydraulic fluids, maintain rod and pistons alignment, exclude solid or liquid contaminations, and maintain the hydraulic pressure. These are used in various end-use industries such as aerospace, automotive, agriculture, construction, oil, & gas, marine, and chemicals.

 

High Performance Seals Market, by Product Type – 2020 and 2028

High Performance Seals Market, by Product Type – 2020 and 2028

Get more information on this report :


 

End-Use Industry Insights

Based on end-use industry, the high-performance seals market is segmented into oil & gas, chemical, power generation, aerospace & defense, pharmaceutical, automotive, food and beverage, and others. The chemical segment accounted for the largest market share in 2020, and the oil and gas segment it is expected to register the highest CAGR during the forecast period. High-performance seals are used in various chemical processing applications such as sealing pumps, valves, tanks, and fluid metering devices. The chemical industry consists of a variety of processes and materials requiring individually tailored sealing solutions. These seals ensure that nothing harmful infiltrates into the process. The seals used in the industry can be made of high-quality materials such as polytetrafluoroethylene (PTFE), perfluoroelastomers, and ethylene propylene diene monomer (EPDM). The high-performance seals to be used in the chemical industry require outstanding chemical resistance to various aggressive media, resistance to high and low temperature extremes, and robust mechanical strength. Therefore, the reliability of the sealing systems is a top priority to allow the productive procedures to operate in a completely safe manner.

 

Strategic Insights

A few players operating in the high-performance seals market are AFT Fluorotec, American High Performance Seals; ElringKlinger Kunststofftechnik GmbH; High Performance Seals; James Walker; Mykin Inc.; Performance Seals, Inc.; PXL SEALS; Precision Polymer Engineering Limited; and Trelleborg Sealing Solutions. The key companies implement the mergers & acquisitions and R&D strategies to expand customer base and gain significant share in the global market, which also allow them to maintain their brand name globally.

 

Report Spotlights

  • Progressive industry trends in the high-performance seals market to help players develop effective long-term strategies
  • Business growth strategies adopted by developed and developing markets
  • Quantitative analysis of the high-performance seals market from 2019 to 2028
  • Estimation of global demand for high-performance seals 
  • PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry
  • Recent developments to understand the competitive market scenario
  • Market trends and outlook as well as factors driving and restraining the growth of the high-performance seals market
  • Assistance in decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
  • Size of the high-performance seals market size at various nodes
  • Detailed overview and segmentation of the market, as well as the high performance seals industry dynamics
  • Size of the high-performance seals market in various regions with promising growth opportunities

High-Performance Seals Market – by Product Type

  • Hydraulic and Fluid Seals
  • Rotary Shaft Seals
  • Spring Seals
  • Oilfield Seals
  • Pump Seals
  • Others

 

High Performance Seals Market – by End-Use Industry

  • Aerospace & Defense
  • Automotive
  • Oil & Gas
  • Chemical
  • Power Generation
  • Pharmaceutical
  • Food & Beverage
  • Others

 

Company Profiles

  • AFT Fluorotec
  • American High Performance Seals
  • ElringKlinger Kunststofftechnik GmbH
  • High Performance Seals
  • James Walker
  • Mykin Inc.
  • Performance Seals, Inc.
  • PXL SEALS
  • Precision Polymer Engineering Limited
  • Trelleborg Sealing Solutions

1.             Introduction. 20

1.1       Study Scope. 20

1.2       The Insight Partners Research Report Guidance. 20

1.3       Market Segmentation. 21

2.             Key Takeaways. 23

3.             Research Methodology. 27

3.1       Scope of the Study. 27

3.2       Research Methodology. 27

3.2.1        Data Collection: 28

3.2.2        Primary Interviews: 28

3.2.3        Hypothesis formulation: 29

3.2.4        Macro-economic factor analysis: 29

3.2.5        Developing base number: 29

3.2.6        Data Triangulation: 29

3.2.7        Country level data: 30

4.             High Performance Seals Market Landscape. 31

4.1       Market Overview.. 31

4.2       Porter’s Five Forces Analysis. 32

4.2.1        Bargaining Power of Suppliers. 33

4.2.2        Bargaining Power of Buyers. 33

4.2.3        Threat of Substitutes. 33

4.2.4        Threat of New Entrants. 33

4.2.5        Intensity of Competitive Rivalry. 34

4.3       Ecosystem Analysis. 35

4.4       Expert Opinions. 36

5.             High Performance Seals Market – Key Market Dynamics. 37

5.1       Market Drivers. 37

5.1.1        Rising Demand for High-Performance Seals from Automotive Industry. 37

5.1.2        Advantages Associated with High-Performance Seals. 37

5.2       Market Restraints. 38

5.2.1        Availability of Substitutes along with High Cost Associated with High-Performance Seals. 38

5.3       Market Opportunities. 38

5.3.1        Rising Use of High-Performance Seals in Power Generation Industry. 38

5.4       Future Trends. 39

5.4.1        Significant Investments in New Product Launches. 39

5.5       Impact Analysis of Drivers and Restraints. 40

6.             High Performance Seals – Global Market Analysis. 41

6.1       High Performance Seals Market Overview.. 41

6.2       High Performance Seals Market –Revenue and Forecast to 2028 (US$ Million) 42

6.3       Market Positioning – Global Market Players. 43

7.             Global High-Performance Seals Market Analysis – By Product Type. 44

7.1       Overview.. 44

7.2       Global High-Performance Seals Market Breakdown, by Product Type, 2020 & 2028. 44

7.3       Hydraulic And Fluid Seals. 45

7.3.1        Overview.. 45

7.3.2        Hydraulic And Fluid Seals: Global High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million) 45

7.3.3        Wiper Seals. 46

7.3.3.1      Wiper Seals: Global High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million) 46

7.3.4        Piston Seals. 47

7.3.4.1      Piston Seals: Global High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million) 47

7.3.5        Rod Seals. 48

7.3.5.1      Rod Seals: Global High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million) 48

7.3.6        Buffer Seals. 49

7.3.6.1      Buffer Seals: Global High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million) 49

7.3.7        Others. 50

7.3.7.1      Others: Global High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million) 50

7.4       Rotary Shaft Seals. 51

7.4.1        Overview.. 51

7.4.2        Rotary Shaft Seals: Global High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million) 51

7.5       Spring Seals. 52

7.5.1        Overview.. 52

7.5.2        Spring Seals: Global High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million) 52

7.6       Oilfield Seals. 53

7.6.1        Overview.. 53

7.6.2        Oilfield Seals: Global High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million) 53

7.7       Pump Seals. 54

7.7.1        Overview.. 54

7.7.2        Pump Seals: Global High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million) 54

7.8       Others. 55

7.8.1        Overview.. 55

7.8.2        Others: Global High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million) 55

8.             Global High-Performance Seals Market Analysis – By End- Use-Industry. 56

8.1       Overview.. 56

8.2       Global High-Performance Seals Market Breakdown, by end use industry, 2020 & 2028. 56

8.3       Oil and Gas. 57

8.3.1        Overview.. 57

8.3.2        Oil and Gas: Global High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million) 57

8.3.3        Oil and Gas: Global High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million) 57

8.4       Chemical 58

8.4.1        Overview.. 58

8.4.2        Chemical: Global High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million) 58

8.4.3        Chemical: Global High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million) 58

8.5       Power Generation. 59

8.5.1        Overview.. 59

8.5.2        Power Generation: High-Performance Seals Market – Revenue and Forecast to 2028 (US$ Million) 59

8.6       Aerospace and Defense. 60

8.6.1        Overview.. 60

8.6.2        Aerospace and Defense: High-Performance Seals Market – Revenue, and Forecast to 2028 (US$ Mn) 60

8.2       Automotive. 62

8.2.1        Overview.. 62

8.2.2        Automotive: High-Performance Seals Market – Revenue, and Forecast to 2028 (US$ Mn) 62

8.4       Others. 64

9.             High Performance Seals Market – Geographic Analysis. 65

9.1       Overview.. 65

9.2       North America: High Performance Seals Market 66

9.2.1        North America: High Performance Seals Market –Revenue and Forecast to 2028 (US$ Million) 67

9.2.2        North America: High Performance Seals Market, by Product Type. 68

9.2.3        North America: High performance seals Market, by End-Use-Industry. 69

9.2.4        North America: High performance seals Market, by Key Country. 70

9.2.4.1      US: High performance seals Market –Revenue and Forecast to 2028 (US$ Million) 70

9.2.4.1.1       US: High performance seals Market, by Product Type. 71

9.2.4.1.2       US: High performance seals Market, by End-Use-Industry. 72

9.2.4.2      Canada: High performance seals Market –Revenue and Forecast to 2028 (US$ Million) 73

9.2.4.2.1       Canada: High performance seals Market, by Product Type. 74

9.2.4.2.2       Canada: High performance seals Market, by End-Use-Industry. 74

9.2.4.3      Mexico: High performance seals Market –Revenue and Forecast to 2028 (US$ Million) 75

9.2.4.3.1       Mexico: High performance seals Market, by Product Type. 76

9.2.4.3.2       Mexico: High performance seals Market, by End-Use-Industry. 77

9.3       Europe: High performance seals Market 78

9.3.1        Europe: High performance seals Market –Revenue and Forecast to 2028 (US$ Million) 79

9.3.2        Europe: High performance seals Market, by Product Type. 80

9.3.3        Europe: High performance seals Market, by End-Use-Industry. 81

9.3.4        Europe: High performance seals Market, by Key Country. 82

9.3.4.1      Germany: High performance seals Market –Revenue and Forecast to 2028 (US$ Million) 82

9.3.4.1.1       Germany: High performance seals Market, by Product Type. 83

9.3.4.1.2       Germany: High performance seals Market, by End-Use-Industry. 84

9.3.4.2      France: High performance seals Market –Revenue and Forecast to 2028 (US$ Million) 85

9.3.4.2.1       France: High performance seals Market, by Product Type. 86

9.3.4.2.2       France: High performance seals Market, by End-Use-Industry. 86

9.3.4.3      Italy: High performance seals Market –Revenue and Forecast to 2028 (US$ Million) 87

9.3.4.3.1       Italy: High performance seals Market, by Product Type. 88

9.3.4.3.2       Italy: High performance seals Market, by End-Use-Industry. 88

9.3.4.3.3       United Kingdom: High performance seals Market –Revenue and Forecast to 2028 (US$ Million) 89

9.3.4.3.4       United Kingdom: High performance seals Market, by Product Type. 90

9.3.4.3.5       United Kingdom: High performance seals Market, by End-Use-Industry. 90

9.3.4.4      Russia: High performance seals Market –Revenue and Forecast to 2028 (US$ Million) 91

9.3.4.4.1       Russia: High performance seals Market, by Product Type. 92

9.3.4.4.2       Russia: High performance seals Market, by End-Use-Industry. 92

9.3.4.5      Rest of Europe: High performance seals Market –Revenue and Forecast to 2028 (US$ Million) 93

9.3.4.5.1       Rest of Europe: High performance seals Market, by Product Type. 94

9.3.4.5.2       Rest of Europe: High performance seals Market, by End-Use-Industry. 95

9.4       Asia Pacific: High performance seals Market 96

9.4.1        Asia Pacific: High performance seals Market –Revenue and Forecast to 2028 (US$ Million) 97

9.4.2        Asia Pacific: High performance seals Market, by Product Type. 98

9.4.3        Asia Pacific: High performance seals Market, by End-Use-Industry. 99

9.4.4        Asia Pacific: High performance seals Market, by Key Country. 100

9.4.4.1      Australia: High performance seals Market –Revenue and Forecast to 2028 (US$ Million) 100

9.4.4.1.1       Australia: High performance seals Market, by Product Type. 101

9.4.4.1.2       Australia: High performance seals Market, by End-Use-Industry. 102

9.4.4.2      China: High performance seals Market –Revenue and Forecast to 2028 (US$ Million) 103

9.4.4.2.1       China: High performance seals Market, by Product Type. 104

9.4.4.2.2       China: High performance seals Market, by End-Use-Industry. 104

9.4.4.3      India: High performance seals Market –Revenue and Forecast to 2028 (US$ Million) 105

9.4.4.3.1       India: High performance seals Market, by Product Type. 106

9.4.4.3.2       India: High performance seals Market, by End-Use-Industry. 106

9.4.4.4      Japan: High performance seals Market –Revenue and Forecast to 2028 (US$ Million) 107

9.4.4.4.1       Japan: High performance seals Market, by Product Type. 108

9.4.4.4.2       Japan: High performance seals Market, by End-Use-Industry. 108

9.4.4.5      South Korea: High performance seals Market –Revenue and Forecast to 2028 (US$ Million) 109

9.4.4.5.1       South Korea: High performance seals Market, by Product Type. 110

9.4.4.5.2       South Korea: High performance seals Market, by End-Use-Industry. 110

9.4.4.6      Rest of Asia Pacific: High performance seals Market –Revenue and Forecast to 2028 (US$ Million) 111

9.4.4.6.1       Rest of Asia Pacific: High performance seals Market, by Product Type. 112

9.4.4.6.2       Rest of Asia Pacific: High performance seals Market, by End-Use-Industry. 113

9.5       Middle East and Africa: High performance seals Market 114

9.5.1        Middle East and Africa: High performance seals Market –Revenue and Forecast to 2028 (US$ Million) 114

9.6       South America: High performance seals Market 127

10.          Overview- Impact of COVID-19. 137

10.1    List of Top 10 Worst Affected Economies Due to COVID-19 Pandemic. 137

10.2    Impact of COVID-19 on High-Performance Seals Market 138

10.3    North America: Impact Assessment of COVID-19 Pandemic. 139

10.4    Europe: Impact Assessment of COVID-19 Pandemic. 140

10.5    Asia-Pacific: Impact Assessment of COVID-19 Pandemic. 141

10.6    Middle East and Africa: Impact Assessment of COVID-19 Pandemic. 142

10.7    South and Central America: Impact Assessment of COVID-19 Pandemic. 143

11.          Industry Landscape. 144

11.1    Overview.. 144

11.2    Product Launch. 144

11.3    Mergers & acquisition. 144

12.          Company Profiles. 145

12.1    AFT Fluorotec. 145

12.1.1     Key Facts. 145

12.1.2     Business Description. 145

12.1.3     Products and Services. 145

12.1.4     Financial Overview.. 145

12.1.5     SWOT Analysis. 146

12.1.6     Key Developments. 146

12.2    American High Performance Seals. 147

12.2.1     Key Facts. 147

12.2.2     Business Description. 147

12.2.3     Products and Services. 147

12.2.4     Financial Overview.. 147

12.2.5     SWOT Analysis. 148

12.2.6     Key Developments. 148

12.3    ElringKlinger Kunststofftechnik GmbH.. 149

12.3.1     Key Facts. 149

12.3.2     Business Description. 149

12.3.3     Products and Services. 149

12.3.4     SWOT Analysis. 150

12.3.5     Key Developments. 150

12.4    High Performance Seals. 151

12.4.1     Key Facts. 151

12.4.2     Business Description. 151

12.4.3     Products and Services. 151

12.4.4     Financial Overview.. 152

12.4.5     SWOT Analysis. 152

12.4.6     Key Developments. 152

12.5    James Walker 153

12.5.1     Key Facts. 153

12.5.2     Business Description. 153

12.5.3     Products and Services. 153

12.5.4     Financial Overview.. 153

12.5.5     SWOT Analysis. 154

12.5.6     Key Developments. 154

12.6    Mykin Inc. 155

12.6.1     Key Facts. 155

12.6.2     Business Description. 155

12.6.3     Products and Services. 155

12.6.4     Financial Overview.. 155

12.6.5     SWOT Analysis. 156

12.6.6     Key Developments. 156

12.7    Performance Seals, Inc. 157

12.7.1     Key Facts. 157

12.7.2     Business Description. 157

12.7.3     Products and Services. 157

12.7.4     Financial Overview.. 157

12.7.5     SWOT Analysis. 158

12.7.6     Key Developments. 158

12.8    PXL SEALS. 159

12.8.1     Key Facts. 159

12.8.2     Business Description. 159

12.8.3     Products and Services. 159

12.8.4     Financial Overview.. 159

12.8.5     SWOT Analysis. 160

12.8.6     Key Developments. 160

12.9    Precision Polymer Engineering Limited. 161

12.9.1     Key Facts. 161

12.9.2     Business Description. 161

12.9.3     Products and Services. 161

12.9.4     Financial Overview (Financial details of the parent company) 162

12.9.5     SWOT Analysis. 163

12.9.6     Key Developments. 163

12.10 Trelleborg Sealing Solutions. 164

12.10.1   Key Facts. 164

12.10.2   Business Description. 164

12.10.3   Products and Services. 164

12.10.4   Financial Overview.. 165

12.10.5   SWOT Analysis. 166

12.10.6   Key Developments. 166

13.          Appendix. 167

13.1    About The Insight Partners. 167

13.2    Glossary of Terms. 167

LIST OF TABLES

Table 1.             High Performance Seals Market –Revenue and Forecast to 2028 (US$ Million) 42

Table 2.             North America High performance seals Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 68

Table 3.             North America High performance seals Market, by End-Use-Industry – Revenue and Forecast to 2028 (USD Million) 69

Table 4.             US High performance seals Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 71

Table 5.             US High performance seals Market, by End-Use-Industry – Revenue and Forecast to 2028 (USD Million) 72

Table 6.             Canada High performance seals Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 74

Table 7.             Canada High performance seals Market, by End-Use-Industry – Revenue and Forecast to 2028 (USD Million) 74

Table 8.             Mexico High performance seals Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 76

Table 9.             Mexico High performance seals Market, by End-Use-Industry – Revenue and Forecast to 2028 (USD Million) 77

Table 10.          Europe High performance seals Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 80

Table 11.          Europe High performance seals Market, by End-Use-Industry – Revenue and Forecast to 2028 (USD Million) 81

Table 12.          Germany High performance seals Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 83

Table 13.          Germany High performance seals Market, by End-Use-Industry – Revenue and Forecast to 2028 (USD Million) 84

Table 14.          France High performance seals Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 86

Table 15.          France High performance seals Market, by End-Use-Industry – Revenue and Forecast to 2028 (USD Million) 86

Table 16.          Italy High performance seals Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 88

Table 17.          Italy High performance seals Market, by End-Use-Industry – Revenue and Forecast to 2028 (USD Million) 88

Table 18.          United Kingdom High performance seals Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 90

Table 19.          United Kingdom High performance seals Market, by End-Use-Industry – Revenue and Forecast to 2028 (USD Million) 90

Table 20.          Russia High performance seals Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 92

Table 21.          Russia High performance seals Market, by End-Use-Industry – Revenue and Forecast to 2028 (USD Million) 92

Table 22.          Rest of Europe High performance seals Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 94

Table 23.          Rest of Europe High performance seals Market, by End-Use-Industry – Revenue and Forecast to 2028 (USD Million) 95

Table 24.          Asia Pacific High performance seals Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 98

Table 25.          Asia Pacific High performance seals Market, by End-Use-Industry – Revenue and Forecast to 2028 (USD Million) 99

Table 26.          Australia High performance seals Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 101

Table 27.          Australia High performance seals Market, by End-Use-Industry – Revenue and Forecast to 2028 (USD Million) 102

Table 28.          China High performance seals Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 104

Table 29.          China High performance seals Market, by End-Use-Industry – Revenue and Forecast to 2028 (USD Million) 104

Table 30.          India High performance seals Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 106

Table 31.          India High performance seals Market, by End-Use-Industry – Revenue and Forecast to 2028 (USD Million) 106

Table 32.          Japan High performance seals Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 108

Table 33.          Japan High performance seals Market, by End-Use-Industry – Revenue and Forecast to 2028 (USD Million) 108

Table 34.          South Korea High performance seals Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 110

Table 35.          South Korea High performance seals Market, by End-Use-Industry – Revenue and Forecast to 2028 (USD Million) 110

Table 36.          Rest of Asia Pacific High performance seals Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 112

Table 37.          Rest of Asia Pacific High performance seals Market, by End-Use-Industry – Revenue and Forecast to 2028  (USD Million) 113

Table 38.          Middle East and Africa High performance seals Market, by Product Type Form– Revenue and Forecast to 2028 (USD Million) 115

Table 39.          Middle East and Africa High performance seals Market, by End-Use-Industry – Revenue and Forecast to 2028  (USD Million) 116

Table 40.          South Africa High performance seals Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 118

Table 41.          South Africa High performance seals Market, by End-Use-Industry – Revenue and Forecast to 2028 (USD Million) 119

Table 42.          Saudi Arabia High performance seals Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 120

Table 43.          Saudi Arabia High performance seals Market, by End-Use-Industry – Revenue and Forecast to 2028 (USD Million) 121

Table 44.          UAE High performance seals Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 123

Table 45.          UAE High performance seals Market, by End-Use-Industry – Revenue and Forecast to 2028 (USD Million) 123

Table 46.          Rest of MEA High performance seals Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 125

Table 47.          Rest of MEA High performance seals Market, by End-Use-Industry – Revenue and Forecast to 2028 (USD Million) 126

Table 48.          South America High performance seals Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 128

Table 49.          South America High performance seals Market, by End-Use-Industry – Revenue and Forecast to 2028 (USD Million) 129

Table 50.          Brazil High performance seals Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 131

Table 51.          Brazil High performance seals Market, by End-Use-Industry – Revenue and Forecast to 2028 (USD Million) 131

Table 52.          Argentina High performance seals Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 133

Table 53.          Argentina High performance seals Market, by End-Use-Industry – Revenue and Forecast to 2028 (USD Million) 133

Table 54.          Rest of South America High performance seals Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 135

Table 55.          Rest of South America High performance seals Market, by End-Use-Industry – Revenue and Forecast to 2028  (USD Million) 136

Table 56.          Glossary of Terms, High Performance Seals Market 167

 

 

LIST OF FIGURES

Figure 1.           High Performance Seals Market Segmentation. 21

Figure 2.           High Performance Seals Market Segmentation – By Geography. 22

Figure 3.           Global High Performance Seals Market Overview.. 23

Figure 4.           Chemical Segment Held Largest Share of Global High Performance Seals Market 24

Figure 5.           Asia Pacific Region Held Largest Share of Global High Performance Seals Market 25

Figure 6.           Global High Performance Seals Market, Industry Landscape. 26

Figure 7.           Porter ‘s Five Forces Analysis for High-Performance Seals Market 32

Figure 8.           High-Performance Seals Market– Ecosystem Analysis. 35

Figure 9.           Expert Opinion. 36

Figure 10.        High-Performance Seals Market Impact Analysis of Drivers and Restraints. 40

Figure 11.        Geographic Overview of High Performance Seals Market 41

Figure 12.        Global: High Performance Seals Market – Revenue and Forecast to 2028 (US$ Million) 42

Figure 13.        Global High-Performance Seals Market Breakdown, By Product Type, 2020 & 2028 (%) 44

Figure 14.        Hydraulic And Fluid Seals: Global High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million) 45

Figure 15.        Wiper Seals: Global High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million) 46

Figure 16.        Piston Seals: Global High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million) 47

Figure 17.        Rod Seals: Global High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million) 48

Figure 18.        Buffer Seals: Global High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million) 49

Figure 19.        Others: Global High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million) 50

Figure 20.        Rotary Shaft Seals: Global High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million) 51

Figure 21.        Spring Seals: Global High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million) 52

Figure 22.        Oilfield Seals: Global High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million) 53

Figure 23.        Pump Seals: Global High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million) 54

Figure 24.        Others: Global High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million) 55

Figure 25.        Global High-Performance Seals Market Breakdown, by End Use Industry, 2020 & 2028 (%) 56

Figure 26.        Power Generation: High-Performance Seals Market – Revenue and Forecast to 2028 (US$ Million) 59

Figure 27.        Aerospace and Defense: High-Performance Seals Market – Revenue, and Forecast to 2028 (US$ Mn) 60

Figure 28.        Pharmaceutical: High-Performance Seals Market – Revenue, and Forecast to 2028 (US$ Mn) 61

Figure 29.        Automotive: High-Performance Seals Market – Revenue, and Forecast to 2028 (US$ Mn) 62

Figure 30.        Food and Beverage: High-Performance Seals Market – Revenue, and Forecast to 2028 (US$ Mn) 63

Figure 31.        Others: High-Performance Seals Market – Revenue, and Forecast to 2028 (US$ Mn) 64

Figure 32.        Global High Performance Seals Market Revenue Share, by Region (2020 and 2028) 65

Figure 33.        North America: High Performance Seals Market – Revenue and Forecast to 2028 (US$ Million) 67

Figure 34.        North America: High performance seals Market Revenue Share, by Product Type (2020 and 2028) 68

Figure 35.        North America: High performance seals Market Revenue Share, by End-Use-Industry (2020 and 2028) 69

Figure 36.        North America: High performance seals Market Revenue Share, by Key Country (2020 and 2028) 70

Figure 37.        US: High performance seals Market –Revenue and Forecast to 2028 (US$ Million) 70

Figure 38.        Canada: High performance seals Market –Revenue and Forecast to 2028 (US$ Million) 73

Figure 39.        Mexico: High performance seals Market –Revenue and Forecast to 2028 (US$ Million) 75

Figure 40.        Europe: High performance seals Market – Revenue and Forecast to 2028 (US$ Million) 79

Figure 41.        Europe: High performance seals Market Revenue Share, by Product Type (2020 and 2028) 80

Figure 42.        Europe: High performance seals Market Revenue Share, by End-Use-Industry (2020 and 2028) 81

Figure 43.        Europe: High performance seals Market Revenue Share, by Key Country (2020 and 2028) 82

Figure 44.        Germany: High performance seals Market –Revenue and Forecast to 2028 (US$ Million) 82

Figure 45.        France: High performance seals Market –Revenue and Forecast to 2028 (US$ Million) 85

Figure 46.        Italy: High performance seals Market –Revenue and Forecast to 2028 (US$ Million) 87

Figure 47.        United Kingdom: High performance seals Market –Revenue and Forecast to 2028 (US$ Million) 89

Figure 48.        Russia: High performance seals Market –Revenue and Forecast to 2028 (US$ Million) 91

Figure 49.        Rest of Europe: High performance seals Market –Revenue and Forecast to 2028 (US$ Million) 93

Figure 50.        Asia Pacific: High performance seals Market – Revenue and Forecast to 2028 (US$ Million) 97

Figure 51.        Asia Pacific: High performance seals Market Revenue Share, by Product Type (2020 and 2028) 98

Figure 52.        Asia Pacific: High performance seals Market Revenue Share, by End-Use-Industry (2020 and 2028) 99

Figure 53.        Asia Pacific: High performance seals Market Revenue Share, by Key Country (2020 and 2028) 100

Figure 54.        Australia: High performance seals Market –Revenue and Forecast to 2028 (US$ Million) 100

Figure 55.        China: High performance seals Market –Revenue and Forecast to 2028 (US$ Million) 103

Figure 56.        India: High performance seals Market –Revenue and Forecast to 2028 (US$ Million) 105

Figure 57.        Japan: High performance seals Market –Revenue and Forecast to 2028 (US$ Million) 107

Figure 58.        South Korea: High performance seals Market –Revenue and Forecast to 2028 (US$ Million) 109

Figure 59.        Rest of Asia Pacific: High performance seals Market –Revenue and Forecast to 2028 (US$ Million) 111

Figure 60.        Middle East and Africa: High performance seals Market – Revenue and Forecast to 2028 (US$ Million) 114

Figure 61.        Middle East and Africa: High performance seals Market Revenue Share, by Product Type (2020 and 2028) 115

Figure 62.        Middle East and Africa: High performance seals Market Revenue Share, by End-Use-Industry (2020 and 2028) 116

Figure 63.        Middle East and Africa: High performance seals Market Revenue Share, by Key Country (2020 and 2028) 117

Figure 64.        South Africa: High performance seals Market –Revenue and Forecast to 2028 (US$ Million) 118

Figure 65.        Saudi Arabia: High performance seals Market –Revenue and Forecast to 2028 (US$ Million) 120

Figure 66.        UAE: High performance seals Market –Revenue and Forecast to 2028 (US$ Million) 122

Figure 67.        Rest of MEA: High performance seals Market –Revenue and Forecast to 2028 (US$ Million) 124

Figure 68.        South America: High performance seals Market – Revenue and Forecast to 2028 (US$ Million) 127

Figure 69.        South America: High performance seals Market Revenue Share, by Product Type (2020 and 2028) 128

Figure 70.        South America: High performance seals Market Revenue Share, by End-Use-Industry (2020 and 2028) 129

Figure 71.        South America: High performance seals Market Revenue Share, by Key Country (2020 and 2028) 130

Figure 72.        Brazil: High performance seals Market –Revenue and Forecast to 2028 (US$ Million) 130

Figure 73.        Argentina: High performance seals Market –Revenue and Forecast to 2028 (US$ Million) 132

Figure 74.        Rest of South America: High performance seals Market –Revenue and Forecast to 2028 (US$ Million) 134

Figure 75.        Impact of COVID-19 Pandemic in North American. 139

Figure 76.        Impact of COVID-19 Pandemic in Europe. 140

Figure 77.        Impact of COVID-19 Pandemic in Asia Pacific. 141

Figure 78.        Impact of COVID-19 Pandemic in Middle East and Africa. 142

Figure 79.        Impact of COVID-19 Pandemic in South and Central America. 143

 

The List of Companies - High-Performance Seals Market

  1. AFT Fluorotec
  2. American High Performance Seals
  3. ElringKlinger Kunststofftechnik GmbH
  4. High Performance Seals
  5. James Walker
  6. Mykin Inc.
  7. Performance Seals, Inc.
  8. PXL SEALS
  9. Precision Polymer Engineering Limited
  10. Trelleborg Sealing Solutions

 

  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the global high-performance seals market, thereby allowing players to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest `with respect to products, segmentation and industry verticals.
TIPRE00023241
Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Frequently Asked Questions

Chemical segment held the largest share in the global high-performance seals market in 2020. High-performance seals are used in various chemical processing applications such as sealing pumps, valves, tanks and fluid metering devices. The chemical industry consists of variety of processes and materials, which require individually tailored sealing solutions. These seals ensure that nothing harmful infiltrates into the process. The high-performance seals to be used in the chemical industry require outstanding chemical resistance to various aggressive media, resistance to high and low temperature extremes, and robust mechanical strength. Therefore, the reliability of the sealing systems is a top priority to allow the productive procedures to operate in a completely safe manner. Additionally, the steady growth in chemical industry is expected to complement the growth of high-performance seals market.

The major players operating in the global high-performance seals market are AFT Fluorotec, American High-performance Seals, ElringKlinger Kunststofftechnik GmbH, High-performance Seals, James Walker, Mykin Inc., Performance Seals, Inc., PXL SEALS, Precision Polymer Engineering Limited, Trelleborg Sealing Solutions.

In 2020, Asia Pacific contributed to the largest share in the global high-performance seals market. The dominance of the high-performance seals market in this region is primarily attributable to the presence of strong industrial base with prominent manufactures significantly contributing to market growth. High demand of high-performance seals from applications such as oil and gas, automotive, aerospace and defense, and other industries backed by significant growth in end-use industrial bases is stimulating the demand for high-performance seals in regional market. The rise in investment in manufacturing sector across economies further, provides lucrative opportunities for the growth of the high-performance seals market in Asia Pacific. The robust automotive manufacturing base in Asian economies, has supported the growth for high-performance seals to augment regional market growth. Furthermore, favorable policies implemented by the government of India such as Atmanirbhar Bharat, make in India and other such initiatives are expected to create sufficient growth opportunities for the diverse industrial bases, which, in turn, is expected to propel the demand of high-performance seals in the region.

Expanding industrial base propels the demand for high-performance sealing systems. High-performance seals withstand sealing pressures; stress of over 10 p.s.i. (Pound per Square Inch) (0,7 Bar); as well as portray tolerance toward certain solvents, chemicals, and multi-phase fluids. The seals have an ability to endure fluctuating high temperatures, which helps in boosting the performance of an industrial product. In addition, these seals help integrate high-pressure systems as well as prevent the leakage of potentially dangerous and deadly leaks in industrial processes. For instance, Parker is involved in manufacturing and supplying technologically advanced engineered sealing solutions used in aerospace applications, which helps keep pace with aggressive chemicals along with extreme temperatures and pressure conditions. High-performance seals are mostly composed of metal or industrial rubber or even an alloy of both. Hence, such seals are extensively used across various application bases such as oil and gas, chemical, power generation, aerospace and defense, automotive, nuclear, semiconductors, and pharmaceutical, where there are extreme pressure conditions. For instance, Technetics Group offers high-performance seals for the nuclear industry. The seals find applications in the preparation of reactor pressure vessels, control rods, primary pumps, pressurizers, and spent fuel casks; in semiconductor products such as PVD/CVD/etch equipment; in gas/chemical delivery systems; hydrogen-based green energy. These seals perform well in corrosive, stressed, radioactive, ultra-low vacuum, and other such pressure-sensitive environments. With the rising demand for high-performance seals, manufacturers are offering customized solutions to meet industry-specific requirements integrated with environment needs. The development of low-cost sealing solutions, which can be reused, is one such example. For instance, ValveTech offer high-performance static seals, which helps deal with the challenges associated with exceptional leakage at limited cost. Such seals find application in several cryogenic and other application bases. Also, the parts of seals can be reused, and the sealing element can effectively be replaced when worn or damaged. Similarly, high performance seals offered by Technetics Group can be effectively reused in certain cases. The growing demand for technically engineered products along with customized sealing solutions promotes the growth of the high-performance seal’s market.

Hydraulic seals are used in hydraulic cylinders to seal the openings between the hydraulic cylinder's various components. Seals are either machined or molded and are meticulously engineered utilizing advanced simulation tools. Hydraulic seals are made of a variety of materials such as polyurethane, rubber, or polytetrafluoroethylene (PTFE). These seals offer high resistance from fluid, heat, and wear & tear. The major tasks of hydraulic seals are to retain hydraulic fluids, maintain rod and pistons alignment, exclude solid or liquid contaminations, and maintain the hydraulic pressure. They are used in various end-use industries such as aerospace, automotive, agriculture, construction, oil, and gas, marine, and chemical.

The ongoing pandemic has drastically altered the status of the industrial sector and have negatively impacted the growth of the high-performance seal market. The implementation of measures to combat the spread of the virus has aggravated the situation and have impacted the growth of several industrial sectors. Industries such as oil and gas, chemical, power generation, aerospace and defense, pharmaceutical, semiconductor, automotive and food and beverage have been impacted by the sudden distortion in operational efficiencies and disruptions in the value chains attributable to the sudden closure of national and international boundaries. For instance, as per an article published by Aerospace Manufacturing Magazine in January 2021, a decline of 54% in deliveries of aircraft was registered compared to the previous year. Further, the pandemic created a disruption in orders and deliveries along with cancellations and backlog of orders. Similarly, the growth of power generation sector was also impacted by the pandemic leading to reduced demand, financial stress, and disruptions to the power supply chain as highlighted by the International Finance Corporation. The significant decline in the growth of the several industrial sectors negatively impacted the demand for high-performance seals in the global market. The significant disruptions in terms of sourcing of raw materials from suppliers as well as temporarily closures of manufacturing base due to indefinite lockdowns and temporary quarantines have impacted the growth of the market during pandemic period. Nevertheless, as the economies are planning to revive their operations, the demand for high-performance seals is expected to rise globally. Although the focus over just in time production is another concerning factor hindering market growth. The expanding demand of high-performance seals across automotive, aerospace and defense, power generation, oil and gas and other industries along with significant investment by prominent manufacturers is, expected to drive the growth for high-performance seals.

Pricing