High Pressure Seals Market Growth , Size, Growth 2022 – Global Trends, Industry Analysis, Key Players and Forecast 2030
The global high pressure seals market growth has been segmented by material, application, end-use industry, and region.
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 2022 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 Growth 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 2022 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 growth 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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