Global High Pressure Seals by Worldwide Analysis, Application, Size, Production, Market Share, Consumption, Trends and Forecast to 2027
On the basis of material, the global high pressure
seals market has been segmented into metal, rubber, rubber-metal combination,
and others. The rubber segment has further been classified as polyacrylate
(ACM), ethylene acrylate rubber (AEM), polychloroprene (CR), thermoplastic
polyurethane (TPU), hydrogenated nitrile butadiene rubber (HBR), nitrile
butadiene rubber (NBR), fluorocarbon-based synthetic rubber, ethylene propylene
diene monomer (EPDM), vinyl methyl silicon rubber (VMQ), and others. The
rubber-metal combination segment was the largest global high pressure seals
market in 2017 due to its advantages such as less compression and deformation
of elastomeric ring due to the presence of metal casing, effective airtight
sealing at lower bolt loads for large bore flanges due to the presence of
elastomer, and high overall strength. This segment is expected to continue
growing during the forecast period.
On the basis of application, the global high pressure
seals market has been segmented into pumps, agitators, valves, compressors,
tube couplings, pipes and ducts, and others. Pumps, valves, and pipes and ducts
are the most common applications areas of high pressure seals across various
end-use industries. However, other application segments are also expected to
witness considerable growth during the forecast period.
On the basis of end-use industry, the global high
pressure seals market has been segmented into oil & gas, aerospace,
automotive, power generation, chemical, pharmaceutical, food & beverage,
and others. The oil & gas industry held the largest share of the global
high pressure seals market in 2017 due to the widespread application of the
product in the downstream, midstream, and upstream sectors. The market is
expected to continue growing during the forecast period due to the established
petrochemicals processing industry in developed countries and the increasing
number of petrochemical projects in emerging economies.
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Regional Analysis
The global high pressure seals market has been studied
with respect to five regions, namely, Asia-Pacific, North America, Europe,
Latin America, and the Middle East & Africa. The market in Asia-Pacific is
expected to exhibit the highest CAGR during the forecast period. The North
American and European markets are also expected to showcase significant growth
during the forecast period. Considerable demand for high pressure seals is
projected in the Middle East & Africa during the forecast period, while the
Latin American market is likely to grow at a sluggish rate during the forecast
period.
Competitive Analysis
Some of the key players operating in the global high
pressure seals market are American High Performance Seals (U.S.), PERFORMANCE
SEALING INC (U.S.), Kalsi Engineering, Inc. (U.S.), John Crane (U.S.),
EagleBurgmann Germany GmbH & Co Kg (Germany), Flowserve Corporation (U.S.),
Garlock Sealing Technologies LLC (U.S.), FP Paris (France), DowDuPont, Inc.
(U.S.), Trelleborg Sealing Solutions (Sweden), Bal Seal Engineering, Inc.
(U.S.), France Joint (France), James Walker (UK), Parker Hannifin Corp (U.S.),
and Gallagher Fluid Seals, Inc. (U.S.).
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