Global High Pressure Seals Market – Industry Trends and Forecast to 2029

Global High Pressure Seals Market, By Material (Metal, Thermoplastic Polyurethane, Hydrogenated Nitrile Butadiene Rubber (HNBR), Fluoroelastomers, Ethylene Propylene Diene Monomer, Others), End-Use Industry (Oil and Gas, Chemicals and Petrochemicals, Power Generation, Thermal Power, Aerospace and Defence, Mining, Manufacturing Industry, Pharmaceuticals) – Industry Trends and Forecast to 2029.

High Pressure Seals Market Analysis and Size

The global high pressure seals market is expected to witness significant growth during the forecast period. The growing pharmaceutical industries are also driving up the demand for high-pressure seals. The rising demand for these seals in automobiles, because it has vital features for most of the automotive production facilities, has fuelled the market's growth. The “ethylene propylene diene monomer” is the highest growing type segment of the market because it provides better weather resistance, good heat resistance and good low-temperature flexibility over the forecast period, Also, increasing demand of high pressure seals bonding in various industries mainly in oil and gas industry  will drive the market in the forecast period.

Data Bridge Market Research analyses that the high pressure seals market is expected to undergo a CAGR of 6.65% during the forecast period. This indicates that the market value, which was USD 4.84 billion in 2021, would rocket up to USD 8.10 billion by 2029.  In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

High Pressure Seals Market Scope and Segmentation

Market Definition

A high-pressure seal is a mechanical device which connects high-pressure systems to maintain pressure and prevent leakage for safe and efficient operation. Industrial-grade metals or rubbers are regularly used in the manufacturing of high-pressure seals. These seals are not only important for handling high pressures, it is also extremely durable and may be used at both high and low temperatures. Tube couplings, Compressors, hydraulic pumps, and pressure valves all require these seals.

Global High Pressure Seals Market Dynamics

Drivers

• Growing demand of high pressure seals from several end user industries

High pressure seals find extensive usage in numerous industries, such as mining, pharmaceutical, oil and gas, chemical and petrochemical and manufacturing. The oil and gas industry has major end user industry of high pressure seals in all over the market which is expected drive the growth rate of the market.

• High demand of high pressure seals in oil and gas industry

High pressure seals offer the oil and gas industry in downstream, midstream and upstream segments. High pressure seals are used in pipe couplings, compressors, valves and hydraulic pumps in oil and gas industry. This is the major factor which is expected to drive the growth rate of the high pressure seals market.

Furthermore, growing demand for crude oil associated with rising number of exploration activities in developed countries, estimated recovery in oil prices, improved effectiveness in oil production in offshore, increasing number of pharmaceutical and manufacturing companies and growing demand for high pressure seals from several end-use industries are some of the major factors which are expected to accelerate the growth of the high pressure seals market during the forecast period of 2022 to 2029. 

Opportunities

• Surging product launches

The surging product launches and other innovations by market players further offer numerous growth opportunities within the market. For instance, O-ring pusher seal 48VBF was launched by John Crane for high temperature pumps. This seal aids in decreasing the costs because it does not need a cooling water system to operate. The company also focuses on growing the number of its manufacturing facilities all over the globe.

Furthermore, increasing demand from nuclear power generation will further create immense  opportunities for the growth of the high pressure seals market during the forecast period of 2022- 2029.

Restraints/Challenges

• Presence of alternative options

The growing use of gland packing and seal-less pumps, as well as the rising use of inexhaustible hotspots for the power generation are some factor which obstruct the demand of high pressure seal and restraint the growth of the high pressure seals industry.

This high pressure seals market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the high pressure seals market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on High Pressure Seals Market

The outbreak of COVID-19 pandemic has adversely affected the growth of the several industries including high pressure seals worldwide. It has also posed unprecedented challenges on the sales, demand and production of high pressure seals which considering the delayed activities across the electronics, automotive and many other sectors. This is on account of the advent of unfavourable situations, including the scarcity of labour and raw materials caused by the imposition of the social distancing and lockdown norms.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global High Pressure Seals Market Scope

The high pressure seals market is segmented on the basis of material and end-use industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Material

• Metal
• Thermoplastic Polyurethane
• Hydrogenated Nitrile Butadiene Rubber (HNBR)
• Fluoroelastomers,
• Ethylene Propylene Diene Monomer
• Others

 End-Use Industry

• Oil and Gas
• Chemicals and Petrochemicals
• Power Generation
• Thermal Power
• Aerospace and Defence
• Mining
• Manufacturing Industry
• Pharmaceuticals

High Pressure Seals Market Regional Analysis/Insights

The high pressure seals market is analysed and market size insights and trends are provided by country, material and end-use industry as referenced above.

The countries covered in the high pressure seals market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the high pressure seals market due to increasing demand for high-pressure seals from well-established aerospace and defence industries in this region. 

Europe will continue to project the highest compound annual growth rate during the forecast period of 2022-2029 due to large use of high pressure seals in compressors motors, cryogenics, valves and other vibrant parts in the automotive sector in this region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and High Pressure Seals Market Share Analysis

The high pressure seals market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to high pressure seals market.

Some of the major players operating in the high pressure seals market are:

• The Lubrizol Corporation (U.S.)
• DS Smith (U.K.)
• Saint-Gobain (France)
• DuPont (U.S.)
• 3M (U.S.)
• SOLVAY (Belgium)
• The AES Corporation (U.S.)
• AESSEAL plc (U.K.)
• Garlock (U.S.)
• SKF (Sweden)
• Dupont (U.S.)
• PetroChina Company Limited (China)
• EagleBurgmann (Germany)
• Exxon Mobil Corporation (U.S.)
• John Crane (U.K.)
• Flowserve Corporation (U.S.)
• PARKER HANNIFIN CORP (U.S.)
• OMNOVA Solutions Inc.(U.S.)
• Zeon Chemicals L.P. (U.S.)
• EKATO HOLDING GmbH (Germany)