Global High Pressure Seals Market - 2020-2027
|出版日期||內容資訊||英文 180 Pages
|全球高壓密封市場（2020-2027） Global High Pressure Seals Market - 2020-2027|
|出版日期: 2021年05月10日||內容資訊: 英文 180 Pages||
High-pressure seals are leakage control product generally used in rotating equipment such as mixer and pumps to limit the leakage of gases and liquid from escaping into the environment. High-pressure seals are mostly made up of metal, alloys, plastics, and elastomer. High-pressure seals are designed to provide long service life and low friction for extreme pressure applications over a wide temperature ranges. These type of seals are commonly used in helical shafts in heavy industries, working rolls for hot and cold rolling mills, marine shafts, machinery for paper, pumps, and gearboxes.
The global high-pressure seals market size was worth US$ XX billion in 2020 and further predicted to reach US$ XX billion by 2027, at a CAGR of XX% during the forecast period (2020-2027).
The growth of high pressure seals market is attributed to the growing demand from chemical & petrochemicals industry and expansion of power generation industry, especially in emerging economies. Power generation is the major end-use industry for high pressure seals, however, the shifting focus towards renewable or alternate energy many act as key restraining factor for the growth of the high pressure seals market in the coming period.
Reviving Oil and Gas Industry
The prime factor driving growth in the global high pressure seal market is the reviving oil and gas industry globally, with gradually rising crude prices, new exploration and drilling activities are anticipated, thus fuelling more demand for high pressure seals, which are used extensively across the entire production chain of petroleum products.
Increasing demand in Automotive sector
Increasing automotive sales & production is driving the high pressure seal market. The rising disposable income and improving living standards is also fuelling more automobile production thus driving the high preasure seals, as they act as an integral part of manufacturing facilities of most automotive components.
COVID-19 Impact Analysis
COVID-19 pandemic affected the global economy in many terms, such as directly affecting production and demand, supply chain disruption, and financial impact. COVID-19 has directly impacted the manufacturers' supply chain across the globe and shut down the production facilities to minimize the risk of virus spread. Also, the lockdown policies have severly affected the demand for high pressure seals market due to sudden fall in its end users. The global demand in automotive, aerospace and power generaion has fallen which has negatively affected the high pressure seal market.
Despite the pandemic, there is increase in oil production, which will lead to growth in the overall high-pressure seals market during the forecasted period.
Based on the product, the high pressure seals market has been classified into Metal, Thermoplastic polyurethane (TPU), Hydrogenated nitrile butadiene rubber (HBR), Fluorocarbon-based synthetic rubber, and Ethylene-propylene diene monomer (EPDM).
The EPDM (ethylene propylene diene monomer rubber) segment accounted for the highest market share in the global market
The ethylene propylene diene monomer rubber (EPDM) segment is expected to be the fastest-growing product segment of the market during the forcasted period. EPDM-based high pressure seals are widely used in the power industry. High-presure seals provide good low-temperature flexibility, good heat resistance and better weather resistance. Growing electricity demand from growing economies, such as India, China, and Southeast Asian countries will drive the demand for EPDM-based high pressure seals during the forecast period.
Oil and gas segment dominated the global high pressure seals market
By end-user, the oil and gas segment dominated the global high-pressure seals market. High-pressure seals are widely utilized in the valves, couplings, hydraulic pumps and compressors as the prime solution for leakage prevention. The oil & gas industry contain numerous chemicals and materials flammable gases hence making this product is ideal for handling the material to avoid accidents. The growing number of exploration activities in emerging economies and the high risk of oil-based fire in the oil and gas industries are boosting the market growth in the upcoming period.
Based on geography, the study analyzes the high-pressure seals market in the global market, including North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.
Asia pacific leads the global market throughout the forecast period
Asia-Pacific accounted the largest share of global high-pressure seals market in 2019 and is estimated to witness significant growth during the assessment period due to the rapidly industrialization in countries such as India, China and Indonesia. Moreover, the high demand of high-pressure seals from power generation sector from the emerging economies of Asia-Pacific is anticipated to propel regional market Growth. China was the dominant market in the Asia Pacific high-pressure seals market and is forecasted to maintain its dominance throughout the forecast period. The market growth in the region is attributed to the rising demand of high-pressure seal gaskets from booming end-use industries such as automobile, oil & gas, and chemical industries.
The high-pressure seals market is highly competitive, owing to the presence of a number of global & regional players in the market. The key players operating in global high-pressure seals market include, Smiths Group, Lubrizol Corporation, The AES Corporation, Aesseal, Saint-Gobain S.A., Garlock Sealing Technologies LLC, SKF AB, E. I. du Pont de Nemours and Company, EagleBurgmann Germany GmbH & Co. KG., PetroChina Co. Ltd., John Crane, Flowserve Corporation, ExxonMobil Solvay S.A., Dupont, Parker Hannifin Corp, Zeon Chemicals L.P., 3M Company, OMNOVA Solutions and Ekato Holding GmbH.
Smiths Group plc
Overview: Smiths Group plc is a technology company providing solutions for various industries. The Company operates its business in five divisions: Smiths Medical, Smiths Detection, John Crane, Smiths Interconnect and Flex-Tek. John Crane segment provides critical solutions for global energy and process industries such as mechanical seals, power transmission couplings, filtration systems and seal support systems. Flex-Tek provides innovative components to heat and move fluids and gases across various industry verticals. Smiths Detection segment provides screening and detection technologies for the identification of safety & security threats. Smiths Interconnect provides solutions for high-speed, secure connectivity in critical applications in the aerospace, defense, and industrial markets. Smiths Medical offers specialized medical devices and consumables for critical and intensive care, surgery, post-operative care and other application.
Product Portfolio: The Company's portfolio comprises security & defense, oil and gas, space & aerospace, general industrial and medical technology.
The global high-pressure seals market report would provide access to an approx. 69 market data table, 66 figures and 270 pages.
LIST NOT EXHAUSTIVE