Product Code: MRFR/CnM/4750-CR
Market Overview
High Pressure Seals Market is anticipated to register a healthy CAGR of 6.82% during the forecast period. Robust growth in the oil & gas industry and expanding aerospace & defense industry is driving growth in the High Pressure Seals market.
Oil is increasingly used today in industrial, household, and commercial operations, and the demand is likely to increase in the future with growing energy demands. Expanding industrialization in the emerging economies of Asia Pacific coupled with growing investment in oil & gas exploration activities are likely to boost the industry growth. The oil & gas equipment manufacturers have been gradually increasing the clearances in their equipment assemblies to reduce errors and ease maintenance in the field. However, accommodating large clearances with seals that can still withstand high pressure and high temperature, while resisting extrusion can be challenging. This in turn, boosts the demand for high-pressure sealing products.
Market Segmentation
Elastomers, Metals, PTFE, Rubber-Metal combinations, and Others are among the material groups that make up the High Pressure Seals Market segmentation.
Pumps, Valves, Compressors, Pipes, Ducts, and Others are the application-based segments of the high pressure seals market.
Based on end-use industry, the High Pressure Seals Market is segmented into Oil & Gas, Aerospace & Defence, Power Generation, Chemical, Automotive, Pharmaceutical, and Others. Regional Insights
The North American market was esteemed at USD 1,756.90 million in 2021 and is assessed to enroll a sound CAGR during the evaluation time frame. This is basically credited to the presence of deep-rooted end-use businesses like aviation and guard, oil and gas, auto, substance, and drug. The US is the critical oil and gas-delivering country in the region and has a powerful interest in high-pressure fixing arrangements in outrageous oil boring exercises. Developing interest in oil creation from various verticals is supposed to reinforce regional market development. Also, the solid presence of aviation organizations like Boeing, Lockheed Martin, Northrop Grumman, and so on combined with expanding air traffic are supposed to additional lift the regional interest for high-pressure seals.
Europe's High-Pressure Seals market held a significant share of 28.37% in 2021 and is projected to arrive at USD 2,571.19 million toward the finish of 2030. France, Germany, and the UK are the critical givers in the region. The regional development is essentially ascribed to the vigorous car and aviation and guard industry.
The North America High-Pressure Seals Market collected a critical share of 22.63% in 2021 and is assessed to develop at a hearty CAGR of 7.85% during the estimated timetable. China is the overwhelming national market in the region. The solid presence of end-use businesses like synthetic, auto, drug, and oil and gas in China, India, and Japan is a key component enlarging the interest for high-pressure seals. Fast urbanization and extending industrialization have driven the requirement for better portability, substance items, medications, and petroleum products, which further lift regional market development.
Major Players
EagleBurgmann, Gallagher Seals, Performance Sealing Inc (PSI), FTL, Trelleborg, James Walker, John Crane, Kalsi Engineering, Inc., Parker Hannifin Corp, Flowserve Corporation, F.lli Paris S.r.l., Bal Seal Engineering, are the major players in the market.
TABLE OF CONTENTS
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 14
- 1.1 MARKET ATTRACTIVENESS ANALYSIS 16
- 1.1.1 GLOBAL HIGH PRESSURE SEALS MARKET, BY MATERIAL 17
- 1.1.2 GLOBAL HIGH PRESSURE SEALS MARKET, BY APPLICATION 18
- 1.1.3 GLOBAL HIGH PRESSURE SEALS MARKET, BY END-USE INDUSTRY 19
2 MARKET INTRODUCTION 20
- 2.1 DEFINITION 20
- 2.2 SCOPE OF THE STUDY 20
- 2.3 MARKET STRUCTURE 20
3 RESEARCH METHODOLOGY 21
- 3.1 RESEARCH PROCESS 21
- 3.2 PRIMARY RESEARCH 22
- 3.3 SECONDARY RESEARCH 23
- 3.4 MARKET SIZE ESTIMATION 23
- 3.5 TOP DOWN & BOTTOM UP APPROACH 24
- 3.6 FORECAST MODEL 25
- 3.7 LIST OF ASSUMPTIONS 26
4 MARKET DYNAMICS 27
- 4.1 INTRODUCTION 27
- 4.2 DRIVERS 28
- 4.2.1 ROBUST GROWTH IN OIL & GAS INDUSTRY 28
- 4.2.2 EXPANDING AEROSPACE & DEFENSE INDUSTRY 28
- 4.2.3 DRIVERS IMPACT ANALYSIS 29
- 4.3 RESTRAINTS 30
- 4.3.1 GROWING USE OF SEALLESS PUMPS 30
- 4.3.2 RESTRAINTS IMPACT ANALYSIS 30
- 4.4 OPPORTUNITIES 31
- 4.4.1 RISING INDUSTRIALIZATION IN THE ASIA-PACIFIC REGION 31
- 4.5 CHALLENGES 31
- 4.5.1 VOLATILE OIL & GAS PRICES 31
- 4.5.2 DETERIORATION IN RUBBER OR ELASTOMER-BASED SEALS 32
- 4.6 TRENDS 32
- 4.6.1 GROWING PREFERENCE OF PTFE MATERIAL IN HIGH PRESSURE SEALS 32
- 4.6.2 NEW PRODUCT DEVELOPMENTS 33
5 MARKET FACTOR ANALYSIS 34
- 5.1 SUPPLY/VALUE CHAIN ANALYSIS 34
- 5.1.1 RAW MATERIAL SUPPLIERS 34
- 5.1.2 HIGH PRESSURE SEAL MANUFACTURERS 35
- 5.1.3 PRODUCT DISTRIBUTORS 35
- 5.1.4 CUSTOMERS (END USERS) 35
- 5.2 PORTER'S FIVE FORCES MODEL 36
- 5.2.1 THREAT OF NEW ENTRANTS 36
- 5.2.2 BARGAINING POWER OF SUPPLIERS 36
- 5.2.3 BARGAINING POWER OF BUYERS 37
- 5.2.4 THREAT OF SUBSTITUTES 37
- 5.2.5 INTENSITY OF RIVALRY 37
6 GLOBAL HIGH PRESSURE SEALS MARKET, BY MATERIAL 38
- 6.1 OVERVIEW 38
- 6.1.1 GLOBAL HIGH PRESSURE SEALS MARKET ESTIMATES & FORECAST BY MATERIAL, 2019-2030 (USD MILLION) 39
- 6.2 ELASTOMERS 40
- 6.2.1 ELASTOMERS: HIGH PRESSURE SEALS MARKET ESTIMATES & FORECAST BY REGION, 2019-2030 40
- 6.3 METALS 41
- 6.3.1 METALS: HIGH PRESSURE SEALS MARKET ESTIMATES & FORECAST BY REGION, 2019-2030 41
- 6.4 PTFE 42
- 6.4.1 PTFE: HIGH PRESSURE SEALS MARKET ESTIMATES & FORECAST BY REGION, 2019-2030 42
- 6.5 RUBBER-METAL COMBINATION 43
- 6.5.1 RUBBER-METAL COMBINATION: HIGH PRESSURE SEALS MARKET ESTIMATES & FORECAST
BY REGION, 2019-2030 43
- 6.6 OTHERS 43
- 6.6.1 OTHERS: HIGH PRESSURE SEALS MARKET ESTIMATES & FORECAST BY REGION, 2019-2030 43
7 GLOBAL HIGH PRESSURE SEALS MARKET, APPLICATION 44
- 7.1 OVERVIEW 44
- 7.1.1 GLOBAL HIGH PRESSURE SEALS MARKET ESTIMATES & FORECAST APPLICATION, 2019-2030 (USD MILLION) 45
- 7.2 PUMPS 46
- 7.2.1 PUMPS: HIGH PRESSURE SEALS MARKET ESTIMATES & FORECAST BY REGION, 2019-2030 46
- 7.3 VALVES 47
- 7.3.1 VALVES: HIGH PRESSURE SEALS MARKET ESTIMATES & FORECAST BY REGION, 2019-2030 47
- 7.4 COMPRESSORS 48
- 7.4.1 COMPRESSORS: HIGH PRESSURE SEALS MARKET ESTIMATES & FORECAST BY REGION, 2019-2030 48
- 7.5 PIPES 49
- 7.5.1 PIPES: HIGH PRESSURE SEALS MARKET ESTIMATES & FORECAST BY REGION, 2019-2030 49
- 7.6 DUCTS 50
- 7.6.1 DUCTS: HIGH PRESSURE SEALS MARKET ESTIMATES & FORECAST BY REGION, 2019-2030 50
- 7.7 OTHERS 50
- 7.7.1 OTHERS: HIGH PRESSURE SEALS MARKET ESTIMATES & FORECAST BY REGION, 2019-2030 50
8 GLOBAL HIGH PRESSURE SEALS MARKET, BY END-USE INDUSTRY 51
- 8.1 OVERVIEW 51
- 8.1.1 GLOBAL HIGH PRESSURE SEALS MARKET ESTIMATES & FORECAST BY END-USE INDUSTRY,
2019-2030 (USD MILLION) 52
- 8.2 OIL & GAS 53
- 8.2.1 OIL & GAS: HIGH PRESSURE SEALS MARKET ESTIMATES & FORECAST BY REGION, 2019-2030 53
- 8.3 AEROSPACE & DEFENSE 54
- 8.3.1 AEROSPACE & DEFENSE: HIGH PRESSURE SEALS MARKET ESTIMATES & FORECAST BY REGION, 2019-2030 54
- 8.4 POWER GENERATION 55
- 8.4.1 POWER GENERATION: HIGH PRESSURE SEALS MARKET ESTIMATES & FORECAST BY REGION, 2019-2030 55
- 8.5 CHEMICAL 56
- 8.5.1 CHEMICAL: HIGH PRESSURE SEALS MARKET ESTIMATES & FORECAST BY REGION, 2019-2030 56
- 8.6 AUTOMOTIVE 57
- 8.6.1 AUTOMOTIVE: HIGH PRESSURE SEALS MARKET ESTIMATES & FORECAST BY REGION, 2019-2030 57
- 8.7 PHARMACEUTICAL 58
- 8.7.1 PHARMACEUTICAL: HIGH PRESSURE SEALS MARKET ESTIMATES & FORECAST BY REGION, 2019-2030 58
- 8.8 OTHERS 59
- 8.8.1 OTHERS: HIGH PRESSURE SEALS MARKET ESTIMATES & FORECAST BY REGION, 2019-2030 59
9 GLOBAL HIGH PRESSURE SEALS MARKET, BY REGION 60
- 9.1 OVERVIEW 60
- 9.2 NORTH AMERICA 62
- 9.2.1 U.S. 64
- 9.2.2 CANADA 65
- 9.3 EUROPE 66
- 9.3.1 FRANCE 69
- 9.3.2 GERMANY 70
- 9.3.3 UK 71
- 9.3.4 SPAIN 72
- 9.3.5 ITALY 73
- 9.3.6 POLAND 74
- 9.3.7 RUSSIA 75
- 9.3.8 REST OF EUROPE 76
- 9.4 ASIA PACIFIC 77
- 9.4.1 CHINA 79
- 9.4.2 JAPAN 80
- 9.4.3 INDIA 81
- 9.4.4 AUSTRALIA & NEW ZEALAND 82
- 9.4.5 REST OF ASIA-PACIFIC 83
- 9.5 LATIN AMERICA 85
- 9.5.1 BRAZIL 87
- 9.5.2 ARGENTINA 88
- 9.5.3 MEXICO 89
- 9.5.4 REST OF LATIN AMERICA 90
- 9.6 MIDDLE EAST & AFRICA 91
- 9.6.1 GCC 93
- 9.6.2 ISRAEL 94
- 9.6.3 SOUTH AFRICA 95
- 9.6.4 NORTH AFRICA 96
- 9.6.5 REST OF MIDDLE EAST & AFRICA 97
10 COMPETITIVE LANDSCAPE 99
- 10.1 INTRODUCTION 99
- 10.2 MARKET STRATEGY 99
- 10.3 KEY DEVELOPMENT ANALYSIS 100
11 COMPANY PROFILES 101
- 11.1 EAGLEBURGMANN 101
- 11.1.1 COMPANY OVERVIEW 101
- 11.1.2 FINANCIAL OVERVIEW 101
- 11.1.3 PRODUCTS OFFERINGS 101
- 11.1.4 KEY DEVELOPMENTS 101
- 11.1.5 SWOT ANALYSIS 102
- 11.1.6 KEY STRATEGIES 102
- 11.2 GALLAGHER SEALS 103
- 11.2.1 COMPANY OVERVIEW 103
- 11.2.2 FINANCIAL OVERVIEW 103
- 11.2.3 PRODUCTS OFFERINGS 103
- 11.2.4 KEY DEVELOPMENTS 104
- 11.2.5 SWOT ANALYSIS 104
- 11.2.6 KEY STRATEGIES 105
- 11.3 PERFORMANCE SEALING INC 106
- 11.3.1 COMPANY OVERVIEW 106
- 11.3.2 FINANCIAL OVERVIEW 106
- 11.3.3 PRODUCTS OFFERINGS 106
- 11.3.4 KEY DEVELOPMENTS 107
- 11.3.5 SWOT ANALYSIS 108
- 11.3.6 KEY STRATEGIES 108
- 11.4 FTL 109
- 11.4.1 COMPANY OVERVIEW 109
- 11.4.2 FINANCIAL OVERVIEW 109
- 11.4.3 PRODUCTS OFFERINGS 109
- 11.4.4 KEY DEVELOPMENTS 110
- 11.4.5 SWOT ANALYSIS 111
- 11.4.6 KEY STRATEGIES 111
- 11.5 TRELLEBORG GROUP 112
- 11.5.1 COMPANY OVERVIEW 112
- 11.5.2 FINANCIAL OVERVIEW 112
- 11.5.3 PRODUCTS OFFERINGS 113
- 11.5.4 KEY DEVELOPMENTS 113
- 11.5.5 SWOT ANALYSIS 114
- 11.5.6 KEY STRATEGIES 114
- 11.6 JAMES WALKER 115
- 11.6.1 COMPANY OVERVIEW 115
- 11.6.2 FINANCIAL OVERVIEW 115
- 11.6.3 PRODUCTS OFFERINGS 115
- 11.6.4 KEY DEVELOPMENTS 115
- 11.6.5 SWOT ANALYSIS 116
- 11.6.6 KEY STRATEGIES 116
- 11.7 JOHN CRANE 117
- 11.7.1 COMPANY OVERVIEW 117
- 11.7.2 FINANCIAL OVERVIEW 117
- 11.7.3 PRODUCTS OFFERINGS 117
- 11.7.4 KEY DEVELOPMENTS 118
- 11.7.5 SWOT ANALYSIS 119
- 11.7.6 KEY STRATEGIES 119
- 11.8 KALSI ENGINEERING, INC. 120
- 11.8.1 COMPANY OVERVIEW 120
- 11.8.2 FINANCIAL OVERVIEW 120
- 11.8.3 PRODUCTS OFFERINGS 120
- 11.8.4 KEY DEVELOPMENTS 121
- 11.8.5 SWOT ANALYSIS 122
- 11.8.6 KEY STRATEGIES 122
- 11.9 PARKER HANNIFIN CORP 123
- 11.9.1 COMPANY OVERVIEW 123
- 11.9.2 FINANCIAL OVERVIEW 123
- 11.9.3 PRODUCTS OFFERINGS 124
- 11.9.4 KEY DEVELOPMENTS 124
- 11.9.5 SWOT ANALYSIS 125
- 11.9.6 KEY STRATEGIES 125
- 11.10 FLOWSERVE CORPORATION 126
- 11.10.1 COMPANY OVERVIEW 126
- 11.10.2 FINANCIAL OVERVIEW 126
- 11.10.3 PRODUCTS OFFERINGS 127
- 11.10.4 KEY DEVELOPMENTS 127
- 11.10.5 SWOT ANALYSIS 128
- 11.10.6 KEY STRATEGIES 128
- 11.11 F.LLI PARIS S.R.L. A SOCIO UNICO 129
- 11.11.1 COMPANY OVERVIEW 129
- 11.11.2 FINANCIAL OVERVIEW 129
- 11.11.3 PRODUCTS OFFERINGS 129
- 11.11.4 KEY DEVELOPMENTS 130
- 11.11.5 SWOT ANALYSIS 131
- 11.11.6 KEY STRATEGIES 131
- 11.12 BAL SEAL ENGINEERING 132
- 11.12.1 COMPANY OVERVIEW 132
- 11.12.2 FINANCIAL OVERVIEW 132
- 11.12.3 PRODUCTS OFFERINGS 132
- 11.12.4 KEY DEVELOPMENTS 132
- 11.12.5 SWOT ANALYSIS 133
- 11.12.6 KEY STRATEGIES 133
12 APPENDIX 134