Market Overview:
High pressure seals are a special category of seals designed to join high pressure systems in order to prevent leaks and ensure safety. These seals are made of materials such as metal, industrial-grade rubber, or a combination of both. High pressure seals are generally equipped with excellent anti-chemical characteristics, good anti-compressibility properties, high/low temperature and weather resistance, and superior resistance to heat, water, and abrasion. High pressure seals are prominently used in pumps, agitators, valves, compressors, tube couplings, and pipes and ducts carrying gases and liquids.
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.
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Market 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 Global High Pressure Seals Market has been studied with respect to five regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.
The market in Asia-Pacific is expected to exhibit the highest CAGR during the forecast period. The North American and European markets are also expected to showcase significant growth during the forecast period. Considerable demand for high pressure seals is projected in the Middle East & Africa during the forecast period, while the Latin American market is likely to grow at a sluggish rate during the forecast period.
Competitive Analysis:
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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