Pressure Seals Market Share, Revenue Analysis 2021-2027 | Major Key Players, Upcoming Market Growth Overview, Leading
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 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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