Press release
Polymer Seals Market Opportunities, Key Growth Factors, Ongoing Trends, Market Perspective and Forecast till 2028
Fact.MR
Polymer seals are primarily designed for the utilization in wide range of pneumatic, hydraulic and rotating equipment across the globe. Polymer seals are utilized across the various industries which include automotive, aerospace etc. Within an aerospace industry, polymer seals are used in order to withstand various extreme conditions and they are also critical to the system’s operational reliability.
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Global Polymer Seals Market: Dynamics
Growing automotive sales and increasing vehicle parc has resulted in the increasing carbon emission, thereby making the automotive sector a significant contributor to greenhouse effect. As a result, various agencies has formed regulations for the development of green technologies and vehicles that are efficient. This has boosted the demand for lightweight vehicles. Owing to the shift towards lightweight and more efficient vehicles, OEMs are utilizing polymer seals in their vehicles, thus propelling the growth of the polymer seals across the globe.
Further, increasing investments across the oil & gas industry are pushing the demand for the subsea sealing technology and thus in turn escalating the demand for the polymer seals across the globe.
On the other hand, manufacturing of effective and productive polymer seals in order to meet the customer requirements is expected to be one of the key challenges in the market over the near future.
With the ever-increasing emission standards and push towards the sustainability solutions, manufacturers have developed an ethylene propylene diene monomer (EPDM) rubber compound from a polymer which is produced from sugarcane-based feedstock. Thus, this polymers can be utilized in the manufacturing of seals.
Global Polymer Seals Market: Regional Outlook
Considering regions, the global polymer seals market is expected to be dominated by Asia-Pacific region, owing to the reason that these type of seals are utilized for various applications for the automotive industry. Growing automotive industry in the countries such as China and India supported by rising demand for the mid-sized vehicles is pushing the growth of polymer seals in the Asia-Pacific. North America spearheaded by U.S. is expected to grow at moderate rate in the market over the near future. North America and Europe are the most mature markets for the polymer seals across the globe. However, the demand is expected to rise significantly in the Asia Pacific region. Latin America and MEA are projected to grow at moderate rate over the near future.
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Global Polymer Seals Market: Market Participants
Examples of some of the market participants involved in the global Polymer Seals market include ERIKS nv, Morgan Polymer Seals, AB SKF, A.W. Chesterton Company, Parker Hannifin Corporation, NOK CORPORATION, Precision Polymer Engineering, Apple Rubber Products, Saint-Gobain Performance Plastics, Greene, Tweed, Specialised Polymer Engineering, Boss Polymer and others.
Prominent manufacturers of polymer seals are found to be involved in the research & development activities in order to introduce the new products in the market. Globally, the polymer seals market is anticipated to be the partly fragmented as there are large number of players involved in the production of the product.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report covers exhaust analysis on:
• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain
Regional analysis includes:
• North America (U.S., Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Report Highlights:
• Detailed overview of parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current, and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprint
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About FactMR
FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market insights reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
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