The high-pressure seals market is projected to demonstrate a profitable run during the forecast period (2018-2023), amassing favorable proceeds at a robust growth rate.

Market Boosters and Main Challenges

The High Pressure Seals Market is showcasing an opulent growth, backed by the growing demand from the chemical petrochemicals industry in Asia Pacific. The rapid expansion of the power generation industry, particularly in the developing nations has done wonders for the overall market.

Conversely, the shifting focus towards renewable energy could oppose the growth of the high-pressure seals market in the forthcoming years. But on the bright side, with the rise in opportunities within the establishment of nuclear power generation plants, the market is slated to be on a smooth growth trajectory during the appraisal period.

Additionally, the increasing demand for fuel and energy combined with the rising number of petrochemical processing projects is poised to expand the size of the oil gas industry. This factor will surely result in an increased product demand, supplemented by its growing application across various industries. These industries include food beverage, pharmaceuticals and chemicals that involve extremely high processing temperatures as well as pressure. It is predicted that soon, end-use industries like automotive, power generation and aerospace will also be prominent revenue sources for the high- pressure seals market as the product demand in these industries is high owing to numerous advantages offered compared to conventional seals.

Market Segmentation

The worldwide high-pressure seals market has been segmented on the basis of material, application, and end-use industry

Depending on material, the high-pressure seals market has been considered for metal, rubber, rubber-metal combination, and others.

In terms of application, the global high-pressure seals market caters to pumps, agitators, valves, compressors, tube couplings, pipes and ducts, and others.

The end-use industries covered by the report include food beverage, aerospace, oil gas, power generation, chemicals, automotive, pharmaceuticals, and others.

Prominent Companies

The prominent companies shaping the worldwide portable high pressure manufacturer include Garlock Sealing Technologies LLC (U.S.), EagleBurgmann Germany GmbH Co Kg (Germany), DowDuPont, Inc. (U.S.), Flowserve Corporation (U.S.), Bal Seal Engineering, Inc. (U.S.), James Walker (UK), Parker Hannifin Corp (U.S.), Gallagher Fluid Seals, Inc. (U.S.), Trelleborg Sealing Solutions (Sweden), American High Performance Seals (U.S.), Kalsi Engineering, Inc. (U.S.), FP Paris (France), John Crane (U.S.), PERFORMANCE SEALING INC (U.S.), France Joint (France), and others.

Regional Insight

The key markets for high-pressure seals include Asia Pacific, Europe, North America, Latin America, and the Middle East Africa.

Asia Pacific emerged as the biggest market for high-pressure seals in 2017, with its growth predicted to be consistent during the forecast period as well. With the massive product demand from end-use industries including automobile, oil gas, pharmaceuticals, chemicals, power generation and food beverage, the market size is projected to amplify in the coming years. China is responsible for generation of maximum revenue in the region, on account of the presence of prominent automotive in the country.  India is another country displaying lucrative growth in the high-pressure seals market in the region, because of the hike in demand from aerospace defense, pharmaceutical and mining sectors.

The second-best market for high-pressure seals was that of North America in 2017, which is presumed to grow at a strong rate in the following years. Owing to the restoration of manufacturing as well as oil and gas industry in the region, and the ongoing investigation exercises combined with the shale gas emergence is giving a boost to product demand.

Europe stands as one of the strongest contenders in the high-pressure seals market and is slated to note considerable growth in the years ahead. Growing demand from automotive, chemicals, oil gas, food beverage and pharmaceuticals industries is believed to the primary reason for the excellent performance of the regional market. Plus, the increasing safety norms paired with the growing attention towards research and development (RD) by manufacturers in the region is expected to fuel the revenues garnered by the market.

The market in Latin America is perceived to showcase slow growth during the review period, with reasons being poor economic stability and sluggish rate of industrialization.

Interestingly, the Middle East Africa market is poised to be one of the actively growing regions globally, primarily owing to the widespread use of high-pressure seals in the downstream oil gas industry, which is quite well-established in the region.

Recent Developments

June 2019

Plexus (Scotland) has partnered with BEL Valves Ltd to offer surface trees along with wellhead annulus valves to expand the former company’s existing surface wellhead product range. Plexus uses its POS-GRIP technology for designing and manufacturing top tier wellhead systems. One of the new products will be HG seal that is a metal to metal seal directly between the hangers and the wellhead bore.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services.

 MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:

Market Research Future

Office No. 524/528, Amanora Chambers

Magarpatta Road, Hadapsar

Pune - 411028

Maharashtra, India

+1 646 845 9312

Email: sales@marketresearchfuture.com