High Pressure Seals Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025
High pressure seals market have evolved rapidly over the course of ten-year period. Broadly, the strides have been stirred by the advent of better composite materials, substantial engineering advances, and changing requirements of end-use industries. Most prominently, new product development avenues have come from the growing use of high pressure seals market in a range of applications in the oil and gas industry. High pressure and high temperature seals have been increasingly used in demanding downhole applications as safety valves that need excellent rapid gas decompression (RGD) resistance. Over the years, oil and gas valves have been utilized in conditions that cause embrittlement, leading to unplanned maintenance intervals due to presence of aggressive environments in downhole oil environments. Some of the key applications of high pressure seals are in booster pumps, airless paint pumps, oil and gas valves, and water jet intensifiers.
Advent of novel composite materials have encouraged manufacturers try new products in high pressure seals market. Moreover, next generation products will see manufacturers utilizing precise-engineered alloys. Researchers in recent years have been successful in finding candidates for high pressure seals that can resist the harshest chemicals such as corrosive liquids and gases present in geothermal environments. Growing product developments in rotary shaft oil seal is making noticeable bearing on the market. Advancements in prototyping technologies have allowed manufacturers to work with new engineering materials, thereby bringing innovations in the high pressure seals market. The use of optimal hardware designs have further contributing to their demands.
High pressure seal is defined as a mechanical device, which is utilized to join high pressure systems in order to stop leakage and observe the pressure to ensure the safety and smooth flow. These seals are generally prepared of metals or industrial grade rubbers. The main application of these seals is to provide a mechanism to manage high pressures; however, they are sturdy and can be utilized at high as well as low temperatures.
Prominently, these seals are utilized in tube couplings, compressors, pressure valves, hydraulic pumps, helical shafts, machinery for paper, working rolls for cold and hot rolling mills, gearboxes, and marine shafts. They find a widespread application across the oil and gas, chemical and petrochemical, pharmaceutical, mining, and the manufacturing industry. The oil and gas industry has emerged as the key consumer of high pressure seals across the world and is anticipated to continue like this over the next few years. These seals primarily serve this industry in downstream, midstream, and upstream segments.
The usage of high pressure seals has also increased significantly in the manufacturing industry amidst the rising complexity of products and the upsurge in safety concerns of consumers. The rise in the pharmaceutical and the manufacturing industries is likely to fuel the demand for high pressure seals in the years to come, reflecting greatly on the global market for high pressure seals.
High pressure seals are used across several industries such as oil and gas, mining, manufacturing, chemical and petrochemical, and pharmaceutical. High pressure seals are developed for long service life and to reduce the friction in extreme pressure applications that are carried out over a broad temperature range.
The high pressure seals market can be classified on the basis of material, end-use, and region. An analysis of the key market segments provides a know-how to market players to attain maximum profits. On the basis of material, the market can be segmented into metal, hydrogenated nitrile butadiene rubber, ethylene propylene diene monomer (EPDM), thermoplastic polyurethane, fluoroelastomers, and others. Amongst these, EPDM is expected to display the fastest growth in the coming years. EPDM-based high pressure seals provide temperature flexibility, weather resistance, and good heat resistance. Increasing energy demand from the emerging economies of Asia Pacific will exhibit the demand for EPDM-based high pressures seals for power generation.
The report on the global market for high pressure seals is a veritable tool for new entrants to participate in the market and progress keeping in view the strategic guidance presented herein. The report is collated after primary and secondary research and inputs received from industry experts.
The use of high pressure seals for a wide range of end-users such as helical shafts, heavy industry, paper machinery, gearboxes, machine shafts, pumps, and working rolls for hot and cold rolling mills is majorly driving the global high pressure seals market. Amongst the several end-use industries, oil and gas account for the largest share of the market and is expected to retain the largest market share in the coming years. In the oil and gas industry, high pressure seals are used across upstream, downstream, and midstream segments. Pipe couplings, compressors, valves, and hydraulic pumps are some of the products fitted with high pressure seals for use in the oil and gas industry.
However, the growth of this market is challenged due to certain factors. The increasing use of seal-less pumps and the use of renewable sources for power generation are restraining the growth of this market.
The regional segments into which the global high pressure seals market can be divided are North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. Asia Pacific stood as the dominant market for high pressure seals in the recent past and is expected to be the fastest growing market until the end of the forecast period. In this region, China is expected to hold the largest market share, while India is expected to register the fastest growth rate until the end of the forecast period in 2025.
Some of the leading companies that operate in the global market for high pressure seals are SKF AB, Flowserve Corporation, Eagle Burgmann, Ekato Holding GmbH, Jet Seals, James Walker, Dupont, John Crane, Aesseal, American High Performance Seals, FP Paris, Seal House, and others. The report discusses the vendor landscape of the global high pressure seals market throwing light on the key growth strategies adopted by key vendors. Development of innovative products, partnerships, strategic alliances, and collaborations are some of the strategies adopted by top companies to increase their market share and distribution network in this market.
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
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