High Pressure Seals industry applications to witness the highest CAGR

Press release   •   Mar 23, 2018 05:55 EDT

The report "High-pressure Seals Market by Material (Metal, TPU, HNBR, Fluoroelastomer, EPDM), End-Use Industry (Oil & Gas, Chemical & Petrochemical, Aerospace & Defense, Power Generation, Manufacturing, Mining, Pharmaceutical) - Global Forecast to 2026"

The global high-pressure seals market size is estimated to reach USD 4.84 Billion by 2021, at a CAGR of 6.6% from 2016 to 2021; and USD 6.99 Billion by 2026, at a CAGR of 7.1% from 2016 to 2026. The market is driven by the increased demand in end-use industries, such as oil & gas, chemical & petrochemical, mining, pharmaceutical, and manufacturing.

Objectives of the report are as follows:

  • To define and segment the market for high-pressure seals
  • To provide detailed information regarding major factors influencing growth of the high-pressure seals market (drivers, restraints, opportunities, and challenges)
  • To analyze and forecast the market size of high-pressure seals, in terms of value
  • To analyze the market segmentation and project the market size, in terms of value, for key regions, such as North America, Europe, Asia-Pacific, South America, and the Middle East & Africa
  • To strategically profile key players of the high-pressure seals market

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Top Industry players analyzed in this research are : John Crane (U.S.), EagleBurgmann Germany GmbH & Co Kg (Germany), Flowserve Corp. (U.S.), AES Corporation (U.S.), Garlock Sealing Technologies LLC (U.S.), Svenska Kullagerfabriken AB (Sweden), James Walker & Co (U.K.), Parker Hannifin Corporation (U.S.), EKATO Corporation (U.S.), Saint-Gobain S.A. (France), and EI du Pont de Nemours & Co (U.S.)

Based on our Research we conclude that:

Oil & gas estimated to be the largest end-use industry segment of the high-pressure seals market

EPDM estimated to be fastest-growing material segment of the high-pressure seals market

Rising demand in Asia-Pacific is the major driver for growth of high-pressure seals market

Increasing demand from end-use industries, such as oil & gas, chemical & petrochemical, mining, pharmaceutical, and manufacturing, are driving the high-pressure seals market. Among end-use industries, the oil & gas industry is estimated to be the largest application for the high-pressure seals market. High-pressure seals are used in the oil & gas industry in upstream, midstream, and downstream segments.

The EPDM (ethylene propylene diene monomer rubber) segment is projected to be the fastest-growing material segment of the market between 2016 and 2021. EPDM-based high-pressure seals are used in the power generation industry.

In 2015, Asia-Pacific accounted for the largest share of the global high-pressure seals market and the market in this region is also expected to grow at the highest rate from 2016 to 2026. China is currently the largest market for high pressure seals in Asia-Pacific and is expected to remain so during the forecast period. China, being the largest car industry, globally, has evolved as the major market for high pressure seals that are essentially required for the manufacturing of car components and equipment. India is the fastest-growing market for high pressure seals.

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