The report [170 pages] "High Pressure Seals Market by Material (Metal, TPU, HNBR, Fluoroelastomer, EPDM), End-Use Industry (Oil & Gas, Chemical & Petrochemical, Aerospace & Defense, Power Generation, Manufacturing, Mining, Pharmaceutical) - Global Forecast to 2026", The global high pressure seals market size is estimated to reach USD 4.84 Billion by 2021, at a CAGR of 6.6% from 2016 to 2021; and USD 6.99 Billion by 2026, at a CAGR of 7.1% from 2016 to 2026. The market is driven by the increased demand in end-use industries, such as oil & gas, chemical & petrochemical, mining, pharmaceutical, and manufacturing.
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Increasing demand for high pressure seals in the manufacturing and pharmaceutical industries is driving the high pressure seals market globally. New products, such as cartridge 9984 and O-ring pusher seal 48VBF, enhance the scope of application of the high pressure seals.
Manufacturing and pharmaceutical are the fastest-growing end-use industries of the high pressure seals market, followed by the power generation industry. High pressure seals are used in solar thermal power plants, cogeneration plants, geothermal plants, waste incineration facilities, mechanical drives, ships, off shore sites, and bio-mass plants. In the pharmaceutical industry, they are used in the production of drugs, in vivo diagnostics, and vaccines.
EPDM (ethylene propylene diene monomer) segment is estimated to be the fastest-growing material segment of the high pressure seals market. EPDM offers excellent chemical resistance properties and is compatible with many polar fluids. EPDM-based seals are used in brake systems, ozone exposure applications, and automotive cooling systems.
Asia-Pacific is the largest market for high pressure seals, followed by North America. The high demand in the Asia-Pacific region is attributed to the growth in the pharmaceutical and manufacturing industries during the last few years. The Middle East & African high pressure seals market is projected to grow at a relatively slower rate from 2016 to 2021.
The key companies profiled in the high pressure seals market research report are John Crane (U.S.), EagleBurgmann Germany GmbH & Co Kg (Germany), Flowserve Corp. (U.S.), AES Corporation (U.S.), Garlock Sealing Technologies LLC (U.S.), Svenska Kullagerfabriken AB (Sweden), James Walker & Co (U.K.), Parker Hannifin Corporation (U.S.), EKATO Corporation (U.S.), Saint-Gobain S.A. (France), and EI du Pont de Nemours & Co (U.S.).
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