USA: +1 347 690-0211 | UK: +44 2032 894158 | JAPAN: +81 50 5806 9039 | Translate : 

report img

Industrial Seals Market By Type (Axial Seals, Radial Seals, & Mechanical Seals), By Application (Mining, Food & Beverage, Oil & Gas, Energy & Power, Aerospace, Marine, Construction, & Others), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 - 2026

Covid-19

Global Industrial Seals Market Size, Share

The pandemic continues to cause unprecedented disruption across industries worldwide.Get detailed insights regarding the impact of COVID-19 on the market. Request Sample

Industry Insights

[187+ Pages Report] The recent publication from Facts & Factors titled “Global Industrial Seals Market” encompasses a comprehensive and analytical overview of the market. The report illustrates that the Global Industrial Seals Market was valued to be around USD 12.98 Billion in the year 2020 and will further grow with a CAGR of 4.9% to an expected value of USD 17.1 Billion by 2026.

logoMarket Overview

Industrial seals are mechanical stoppage devices that is used to prevent leakages, holding restricted pressure, and contain fluid from overflowing between different intersecting points. Industrial seals are a combination of statis and dynamic interfaces. Static examples of seals are the entry points of bolts and screws while dynamic examples of seals are hydraulically sealed examples. Seals are universally used where rotating and reciprocating applications are utilized. Seals come in a variety of shapes and sizes depending on the application and the diameter of the shaft where the seal can be fitted.

logoIndustry Growth Factors

The governing factors behind the stable growth of the industrial market are the rising demand for thermal, durable, and heat resistant seals that allow the swift development of forces between two rotating elements. Temperature plays an important role during such operations which will give rise to heat-resistant seals during the forecast. Factors such as providing optimum efficiency and increased productivity coupled with growing demand in the manufacturing sector will further boost the growth of the global industrial market during the forecast period. Furthermore, a rising trend of customizable industrial seals will open new revenue opportunities during the forecast period.

Rising prevalence of larger manufacturing units will give rise to continuous and high production of seals. However, factors such as lack of raw materials, deteriorating supply chains, and unavailability of workers will hamper the growth of the global industrial seal market. Furthermore, the industry disruption bought on by COVID-19, the market is expected to bounce back to pre-COVID-19 levels during the forecast period. Moreover, increasing consumer preference shifting toward seal-less driving shafts will further hamper the growth of the industrials seals during the forecast period.

Industrial Seals Market

logoSegmentation Analysis

The global industrial seals market can be segmented into type, application, and region.

On the basis of type, the global industrial seals can be divided into axial seals, radial seals, and mechanical seals. The mechanical seals can be further broken down into pusher and non-pusher seals, conventional seals, balanced and unbalanced seals, and cartridges. The radial seal segment is expected to witness the largest market share during the advent of the forecast owing to the rising adoption of contacting seal applications in several sectors. The growth of mechanical seals and axial seals will follow in consensus after the latter. On the basis of application, the global industrial seals can be fragmented into mining, food & beverage, oil & gas, energy and power, aerospace, marine, construction, and others (chemicals). The food and beverage sector is expected to witness the largest market share over the forecast timeframe owing to rising demands. The segment of energy and power will post the fastest growing CAGR during the forecast owing to the rise in energy demands with the renewable energy sector contributing the largest.

logo Regional Analysis

Asia-Pacific is expected to witness the largest market share during the advent of the forecast in terms of global revenue contribution. Rising demands from a number of registered and unregistered firms from the region and the availability of high-quality seals at a low-cost price will drive the dominant position of the market during the forecast. North America is expected to witness the fastest growing CAGR during the forecast period owing to the presence of key players in the region. Additionally, the rising demand for small and mid-sized seals in the region will further propel the growth of the global industrial seals market in the region.

logo Competitive Players

The key participants in the global industrial seals market are SKF, Flowserve Corporation, John Crane, Trelleborg AG, EnPro Industries, Inc., Dover Corporation, SHV, Freudenberg SE, Tenneco, Inc., Fenner Group, John Crane, and Trelleborg AG, among others.

logo By Type Segment Analysis

  • Axial Seals
  • Radial Seals
  • Mechanical Seals
    • Pusher & Non-Pusher Seals
    • Conventional Seals
    • Balanced & Unbalanced Seals
    • Cartridge

logo By Application Segment Analysis

  • Mining
  • Food & Beverage
  • Oil & Gas
  • Energy & Power
  • Aerospace
  • Marine
  • Construction
  • Others

logo By Regional Segment Analysis

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • France
    • Germany
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of MEA

Covid-19

Industrial Seals Market

The pandemic continues to cause unprecedented disruption across industries worldwide.Get detailed insights regarding the impact of COVID-19 on the market. Request Sample

Industry Major Market Players

  • SKF
  • Flowserve Corporation
  • John Crane
  • Trelleborg AG
  • EnPro Industries Inc.
  • Dover Corporation
  • SHV
  • Freudenberg SE
  • Tenneco Inc.
  • Fenner Group
  • John Crane
  • Trelleborg AG

Frequently Asked Questions

Strict enforcement of laws by government authorities mandating Industrial Seals Market.
According to Facts and Factors research report, the global Industrial Seals Market accrued earnings worth approximately XX (USD Billion) in 2020 and is predicted to gain revenue of about XX(USD Billion) by 2028, is set to record a CAGR of nearly XX% over the period from 2021 to 2028.
North America will contribute lucratively towards the global market value over the estimated timeline. The regional market surge is subject to large-scale presence of giant participants in countries such as the U.S. Apart from this, favorable compensation policies along with high acceptance of new Industrial Seals Market will drive regional market trends. With regional governments enforcing strict laws pertaining to drug abuse, the market for Industrial Seals Market in North America is set to witness exponential growth over years to come. Legalization of cannabis in countries such as Canada and U.S. through passing of acts in parliament is likely to enlarge scope of Industrial Seals Market in North America over coming decade.
why choose fnf
key questions answers

Related Reports

report img

Eyeglass Lens Coating Machine Market Report 2022 – 2028

[224+ Pages Report] According to Facts and Factors, the global eyeglass lens coating machine marketsize was valued at USD 13.5 billion in 2021 and is predicted to increase at a CAGR of 8.0% to USD 24.6 billion by 2028. The study examines the market in terms of revenue in each of the major regions,...

Published Date : 22-Jul-2022 | | Category : | Pages : 224 | Format : Read more

Inquiry for Buying Request Sample
report img

Cable Blowing Machines Market Report 2022 – 2028

[215+ Pages Report] According to Facts and Factors, the Global Cable Blowing Machines Market Size was valued at USD 89.45 million in 2021 and is predicted to increase at a CAGR of 4.5% to USD 105.12 million by 2028. The study examines the market in terms of revenue in each of the major regions, wh...

Published Date : 19-Jul-2022 | | Category : | Pages : 215 | Format : Read more

Inquiry for Buying Request Sample