High Pressure Seals Market - Scope, Size, Share, Analysis by 2023 | American High Performance Seals, Kalsi Engineering, John Crane, FP Paris, DowDuPont, Bal Seal Engineering, France Joint, James Walker, Parker Hannifin Corp and Gallagher Fluid Seals

Market Synopsis

The Global High-Pressure Seals Market is estimated to expand at a significant CAGR during the forecast period (2018-2023) owing to the increasing demand for fuel and energy, asserts Market Research Future (MRFR). High-Pressure Seals are mechanical gadgets which are used to connect high-pressure frameworks in order to avoid spilling and guarantee smooth flow along with better security. The seals are made of industrial grade rubber, metal, or a combination of both the materials and are equipped with anti-compressibility properties, anti-chemical characteristics, and are resistant to weather, water, heat, and abrasion. Such seals are extensively used in compressors, tube couplings, pumps, valves, agitators, and ducts and pipes carrying gases and liquids.

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Industry News

August 28, 2018: Trelleborg Sealing Solutions has recently announced the launch of a new metal end cap seal, engineered for casing hanger sealing environments and HTHP wellhead tubing, which combines the pressure and extrusion resistance of a metal-to-metal bonded component with the flexibility of an elastomer.

Competitive Dashboard

The major players operating the Global High Pressure Seals Market are Parker Hannifin Corp (U.S.), DowDuPont Inc. (U.S.), American High Performance Seals (U.S.), PERFORMANCE SEALING INC (U.S.), France Joint (France), FP Paris (France), Trelleborg Sealing Solutions (Sweden), Kalsi Engineering Inc. (U.S.), Bal Seal Engineering Inc. (U.S.), Garlock Sealing Technologies LLC (U.S.), John Crane (U.S.), EagleBurgmann Germany GmbH & Co Kg (Germany), Flowserve Corporation (U.S.), James Walker (UK), and Gallagher Fluid Seals Inc. (U.S.).

Global High Pressure Seals Market: Segmental Analysis

The Global High-Pressure Seals Market has been segmented on the basis of Application, Material, End-Use Industry and Region.

By Mode of Material, the High Pressure Seals Market has been segmented into rubber, metal, rubber-metal combination, and others. The rubber segment is further sub-segmented into polychloroprene (CR), hydrogenated nitrile butadiene rubber (HBR), nitrile butadiene rubber (NBR), ethylene acrylate rubber (AEM), vinyl methyl silicon rubber (VMQ), polyacrylate (ACM), ethylene propylene diene monomer (EPDM), thermoplastic polyurethane (TPU), fluorocarbon-based synthetic rubber, and others. Among these, the rubber-metal combination segment held the largest share in 2017 owing to advantages such as deformation and less compression of elastomeric ring due to metal casing, high overall strength, and effective airtight sealing at lower bolt loads.

By Mode of Application, the market has been segmented into pumps, pipes and ducts, valves, compressors, tube couplings, agitators, and others. Among these, the segment for valves, pumps, and pipes and ducts are considered to be the most common application areas across end-use industries.

By Mode of End-Use Industry, the market has been segmented into oil & gas, chemical, aerospace, food & beverage, pharmaceutical, automotive, power generation, and others. Among these, the segment for oil and gas held the largest market share in 2017 owing to its widespread application in downstream, midstream, and the upstream sector. The market is anticipated to maintain its dominance during the review period owing to the growing petrochemical projects in the emerging regions coupled with established petrochemical processing industry.

Regional Insight

Geographically, the High Pressure Seals Market span across regions namely, North America, Asia Pacific, Latin America, Europe, and the Middle East and Africa.

Among all the regions, Asia Pacific held the largest market share in 2017 and is anticipated to maintain its dominance during the assessment period due to high demand from the end-use industries such as chemicals, power generation, oil & gas, pharmaceuticals, food & beverage, and automobile.

North America was considered to be the second-largest region in 2017 and is anticipated to register a high growth rate owing to the increasing demand from end-use industries like oil & gas, food & beverage, pharmaceuticals, aerospace, and chemicals.

The European region is considered to register a considerable growth rate during the assessment period due to the growing demand from food & beverage, pharmaceuticals, chemicals, automotive, and oil & gas industries in this region.

The Middle East and Africa are anticipated to register a healthy growth owing to the extensive use of High-Pressure Seals in the growing downstream oil and gas industry. On the other hand, Latin America is presumed to register a sluggish growth owing to the poor economic stability in this region.

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This release was published on openPR.