High Pressure Seal Market Forecast with Potential Impact, Despite COVID-19 Pandemic, Finds FMI 2022 to 2032

High Pressure Seal Market

High Pressure Seal is a mechanical device used to join high pressure systems, to prevent leaking and behold pressure to ensure smooth flow and safety. High Pressure seals are generally made from metals or industrial grade rubbers. These seals not only provide a mechanism to control high pressures but are fairly robust and can be used at high at well as low temperatures.

These seals are prominently used in tube couplings, pressure valves, compressors, and hydraulic pumps, and are widely used across all segments of oil & gas industry including upstream, midstream and downstream segments. Moreover, high pressure seals are increasingly finding more usage in manufacturing industry amid, rise in complexity of products and safety concerns. The global high pressure seal market is projected to witness significant growth rate over the forecast period.

Data Points Key Statistics
High Pressure Seal Market Value 2022 US$ 4,783.40 Million
High Pressure Seal Market Projected Value (2032) US$ 8,017.2 Million
High Pressure Seal Market CAGR (2022-2032) 5.3%

Global High Pressure Seal Market: Drivers and Restraints

The prime factor driving growth in the global high pressure seal market is the reviving oil and gas industry globally, with gradually rising crude prices, new exploration and drilling activities are anticipated, thus fuelling more demand for high pressure seals, which are used extensively across the entire production chain of petroleum products. Moreover, growing pharmaceutical and manufacturing industry, is another prime factor driving the demand for high pressure seals.

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Increasing demand for automotive, amid rising disposable income and improving living standards, is also fuelling more demand for high pressure seals, as they act as an integral part of manufacturing facilities of most automotive components. However, rising safety norms across all industries and increase attention towards R&D by seal manufacturers are driving replacements of existing high pressure seals and thus, fuelling more revenues to the global high pressure seal market. However, high capital and operating cost of most high pressure seals is the prime restraint to the growth of high pressure seal market.

Global High Pressure Seal Market: Region Wise Outlook

The global High Pressure Seal market is segmented into the seven key regions: North America, Latin America, Western Europe, and Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA). The APEJ region is projected to be the largest market for High Pressure Seal demand, and is anticipated to remain its dominance throughout the forecast period. This can be directly attributed to rapidly growing automotive and oil & gas sectors in China.

Moreover, the reviving manufacturing and oil & gas industry of Europe and North America, amid new exploration activities in North Sea and Gulf of Mexico coupled with the shale gas boom is also generating new demand arenas, and translating into high demand for high pressure seals from these markets. North America is anticipated to be the second largest market for high pressure seals, closely followed by Western and Eastern Europe. MEA also accounts for a decent demand for high pressure seals particularly for the oil & gas industry, amid reviving midstream and downstream sectors in these regions.

Global High Pressure Seal Market: Key Players

  • AES Corporation
  • Smiths Group Plc.
  • Garlock Sealing Technologies LLC
  • AB SKF
  • James Walker & Co
  • Parker Hannifin Corporation
  • EagleBurgmann Germany GmbH & Co. KG
  • Flowserve Corp.
  • EI du Pont de Nemours & Co.

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 geography, technology and applications.

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Key Segments Covered in the High Pressure Seal Industry Analysis

By Material:

  • Metal
  • Thermoplastic Polyurethane (TPU)
  • Hydrogenated Nitrile Butadiene Rubber (HBR)
  • Fluorocarbon-based Synthetic Rubber
  • Ethylene propylene dyne terpolymer (EPDM)

By End Use:

  • Oil & Gas
  • Chemicals
  • Automotive
  • Mining
  • Aerospace
  • Power Generation
  • Healthcare
  • Others (Manufacturing, etc.)

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

to be continued…!

Related Links:

https://london-news-community.tribeplatform.com/general/post/industrial-and-institutional-cleaning-chemicals-market-size-share-qOuajEvpA1pMBEX

https://waoop.com/read-blog/39687

https://adhipatialumni.com/blogs/65255/Industrial-and-Institutional-Cleaning-Chemicals-Market-Size-Share-Demand-Growth

https://writeablog.net/pazp0t5v4r

https://www.xaphyr.com/blogs/209139/Industrial-and-Institutional-Cleaning-Chemicals-Market-Size-Share-Demand-Growth

https://techplanet.today/post/industrial-and-institutional-cleaning-chemicals-market-size-share-demand-growth-trends-by-2032

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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