Dublin, Feb. 17, 2022 (GLOBE NEWSWIRE) -- The "High Performance Seals Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Product Type, End-Use Industry, and Geography" report has been added to ResearchAndMarkets.com's offering.
This report includes the factors fueling market growth, revenue estimation and forecast, and market share analysis along with the identification of significant market players and their key developments.
The high- performance seals market was valued at US$ 7,920.82 million in 2020 and is projected to reach US$ 10,426.16 million by 2028; it is expected to grow at a CAGR of 4.0% from 2021 to 2028. High-performance seals are used against high-pressure gases and liquid chemicals to withstand mechanical deformation. Seals are either machined or molded and are carefully designed using sophisticated simulation software. Seals are made of a variety of materials, such as polyurethane, rubber, or polytetrafluoroethylene (PTFE). High-performance seals are of different types such as hydraulic seals, rotary shaft seals, oil seals, packings, gaskets, and other high- performance rubber and plastic parts. High-performance seals offer high resistance from fluid, heat, and wear & tear.
Based on end-use industry, the high- performance seals market is categorized into oil & gas, chemical, power generation, aerospace & defense, pharmaceutical, automotive, food & beverage, and others. The chemical segment held the largest share in 2020. High-performance seals are used in various chemical processing applications, such as sealing pumps, valves, tanks, and fluid metering devices. The chemical industry consists of a variety of processes and materials requiring individually tailored sealing solutions. These seals ensure that nothing harmful infiltrates into the process. The high-performance seals to be used in the chemical industry require outstanding chemical resistance to various aggressive media, resistance to high and low temperature extremes, and robust mechanical strength.
The global high- performance seals market is segmented into five main regions-North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America. In 2020, Asia Pacific contributed to the largest share in the global high- performance seals market. The dominance of the high-performance seals market in this region is primarily owing to the presence of a strong industrial base with prominent manufacturers significantly contributing to market growth. The rise in investment in manufacturing sector across economies further provides lucrative opportunities for the growth of the high- performance seals market in Asia Pacific. The robust automotive manufacturing base in Asian economies, has supported the growth of high-performance seals to augment regional market growth.
Impact of the COVID-19 Pandemic on the High- Performance Seals Market
The ongoing pandemic has drastically altered the status of the industrial sector and has negatively impacted the growth of the high-performance seal market. Industries such as oil & gas, chemical, power generation, aerospace & defense, pharmaceutical, semiconductor, automotive, and food & beverages have been impacted by the sudden distortion in operational efficiencies and disruptions in the value chains due to the sudden closure of national and international boundaries. The significant disruptions in terms of sourcing of raw materials from suppliers and temporary closure of manufacturing bases due to indefinite lockdowns and temporary quarantines have impacted the growth of the market. Nevertheless, as the economies are planning to revive their operations, the demand for high-performance seals is expected to rise globally. The increasing demand for high-performance seals across automotive, aerospace & defense, power generation, oil & gas, and other industries, along with significant investment by prominent manufacturers is, expected to drive its market growth.
The report includes the segmentation of the global high performance seals market as follows:
Based on product type, global high-performance seals market is segmented into hydraulic and fluid seals, rotary shaft seals, spring seals, oilfield seals, pump seals, and others.
Based on end-use-industry, the global high-performance seals market is segmented into oil and gas, chemical, power generation, aerospace and defense, pharmaceutical, automotive, food and beverage, and others.
By geography, the global high- performance seals market is broadly segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SAM). North America includes countries like the US, Canada and Mexico. Europe region includes countries like Germany, France, the UK, Italy, Russia, and Rest of Europe. Asia Pacific region includes countries like China, India, Japan, Australia, South Korea, and Rest of Asia Pacific. Middle East & Africa (MEA) includes countries like South Africa, Saudi Arabia, UAE, and Rest of MEA. South America includes countries like Brazil, Argentina and Rest of South America.
Reasons to Buy
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the global high-performance seals market, thereby allowing players to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest `with respect to products, segmentation and industry verticals.
Key Topics Covered:
1. Introduction
2. Key Takeaways
3. Research Methodology
4. High Performance Seals Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of Substitutes
4.2.4 Threat of New Entrants
4.2.5 Intensity of Competitive Rivalry
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. High Performance Seals Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Demand for High-Performance Seals from Automotive Industry
5.1.2 Advantages Associated with High-Performance Seals
5.2 Market Restraints
5.2.1 Availability of Substitutes along with High Cost Associated with High-Performance Seals
5.3 Market Opportunities
5.3.1 Rising Use of High-Performance Seals in Power Generation Industry
5.4 Future Trends
5.4.1 Significant Investments in New Product Launches
5.5 Impact Analysis of Drivers and Restraints
6. High Performance Seals - Global Market Analysis
6.1 High Performance Seals Market Overview
6.2 High Performance Seals Market -Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning - Global Market Players
7. Global High-Performance Seals Market Analysis - By Product Type
7.1 Overview
7.2 Global High-Performance Seals Market Breakdown, by Product Type, 2020 & 2028
7.3 Hydraulic And Fluid Seals
7.3.1 Overview
7.3.2 Hydraulic And Fluid Seals: Global High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
7.3.3 Wiper Seals
7.3.3.1 Wiper Seals: Global High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
7.3.4 Piston Seals
7.3.4.1 Piston Seals: Global High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
7.3.5 Rod Seals
7.3.5.1 Rod Seals: Global High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
7.3.6 Buffer Seals
7.3.6.1 Buffer Seals: Global High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
7.3.7 Others
7.3.7.1 Others: Global High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
7.4 Rotary Shaft Seals
7.4.1 Overview
7.4.2 Rotary Shaft Seals: Global High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
7.5 Spring Seals
7.5.1 Overview
7.5.2 Spring Seals: Global High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
7.6 Oilfield Seals
7.6.1 Overview
7.6.2 Oilfield Seals: Global High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
7.7 Pump Seals
7.7.1 Overview
7.7.2 Pump Seals: Global High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
7.8 Others
7.8.1 Overview
7.8.2 Others: Global High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
8. Global High-Performance Seals Market Analysis - By End - Use-Industry
8.1 Overview
8.2 Global High-Performance Seals Market Breakdown, by end use industry, 2020 & 2028
8.3 Oil and Gas
8.3.1 Overview
8.3.2 Oil and Gas: Global High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
8.3.3 Oil and Gas: Global High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
8.4 Chemical
8.4.1 Overview
8.4.2 Chemical: Global High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
8.4.3 Chemical: Global High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
8.5 Power Generation
8.5.1 Overview
8.5.2 Power Generation: High-Performance Seals Market - Revenue and Forecast to 2028 (US$ Million)
8.6 Aerospace and Defense
8.6.1 Overview
8.6.2 Aerospace and Defense: High-Performance Seals Market - Revenue, and Forecast to 2028 (US$ Mn)
8.2 Automotive
8.2.1 Overview
8.2.2 Automotive: High-Performance Seals Market - Revenue, and Forecast to 2028 (US$ Mn)
8.4 Others
9. High Performance Seals Market - Geographic Analysis
10. Overview - Impact of COVID-19
10.1 List of Top 10 Worst Affected Economies Due to COVID-19 Pandemic
10.2 Impact of COVID-19 on High-Performance Seals Market
10.3 North America: Impact Assessment of COVID-19 Pandemic
10.4 Europe: Impact Assessment of COVID-19 Pandemic
10.5 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
10.6 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
10.7 South and Central America: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Product Launch
11.3 Mergers & acquisition
12. Company Profiles
12.1 AFT Fluorotec
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 American High Performance Seals
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 ElringKlinger Kunststofftechnik GmbH
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 SWOT Analysis
12.3.5 Key Developments
12.4 High Performance Seals
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 James Walker
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Mykin Inc
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Performance Seals, Inc.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 PXL SEALS
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Precision Polymer Engineering Limited
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview (Financial details of the parent company)
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Trelleborg Sealing Solutions
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/1s4nur
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