High Pressure Seals Market Research Report 2018 to 2023 | Bal Seal Engineering, Inc., American High Performance Seals, PERFORMANCE SEALING INC., EagleBurgmann Germany GmbH & Co Kg, DowDuPont, Inc., Gallagher Fluid Seals, Inc., Trelleborg Sealing Solutions

Market Overview:

The rising demand for high pressure seals in the oil & gas and other manufacturing industries, several companies are introducing high pressure seals in their product portfolios. For instance, in February 2017, Trelleborg launched a rotary high pressure seal to allow equipment to run at the highest possible speed at high pressures for extended service life.

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In the oil & gas industry, high pressure seals are used in a range of applications in the upstream, midstream, and downstream segments. Rising fuel and energy demand coupled with the increasing number of petrochemical processing projects in emerging economies are driving the growth of the oil & gas industry, resulting in increased product demand. Other manufacturing industries such as chemicals, food & beverage, and pharmaceuticals, which involve ultra-high processing temperatures and pressure, are another major driver for the growth of the product market. End-use industries such as aerospace, automotive, and power generation are also expected to be significant revenue sources for the high pressure seals market during the forecast period as high pressure seals offer numerous advantages over conventional seals.

The high capital and operating cost of high pressure seals are likely to be a major restraint to the growth of the product market during the forecast period.

Intended Audience:

• High pressure seals manufacturers
• Traders and distributors of high pressure seals
• Research and development institutes
• Potential investors
• Raw material suppliers
• Nationalized laboratories

Segmentation:

The Global High Pressure Seals Market has been segmented by material, application, end-use industry, and region.

On the basis of the material, the global high pressure seals market has been segmented into metal, rubber, rubber-metal combination, and others. The rubber segment has been further 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.

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.

On the basis of end-use industry, the global high pressure seals market has been segmented into oil & gas, aerospace, automotive, power generation, chemicals, pharmaceuticals, food &beverage, and others.

Regional Analysis:

The Asia-Pacific held the largest market share of the global high pressure seals market in 2017 and is expected to witness increasing demand during the forecast period. Significant demand from end-use industries such as oil & gas, automobile, chemicals, pharmaceuticals, food & beverage, and power generation are likely to contribute to the growth of the product market.

The North American market was the second-largest in 2017 and is expected to grow at a high rate during the forecast period. High demand from end-use industries such as oil & gas, aerospace, chemicals, pharmaceuticals, and food & beverage is likely to stimulate the growth of the high pressure seals market.

Europe is another major market for high pressure seals; the European market is expected to witness considerable growth during the forecast period. High demand from the automotive, oil & gas, chemicals, pharmaceuticals, and food & beverage industries are expected to result in the growth of the product market.

Global Key Players:

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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