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High Pressure Seals - Global Market Trajectory & Analytics

  • ID: 4805559
  • Report
  • April 2021
  • Region: Global
  • 317 pages
  • Global Industry Analysts, Inc
Global High Pressure Seals Market to Reach $6.5 Billion by 2027

Amid the COVID-19 crisis, the global market for High Pressure Seals estimated at US$4.3 Billion in the year 2020, is projected to reach a revised size of US$6.5 Billion by 2027, growing at a CAGR of 5.9% over the analysis period 2020-2027. Metal, one of the segments analyzed in the report, is projected to record a 6.4% CAGR and reach US$844.8 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the TPU segment is readjusted to a revised 5.2% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.2 Billion, While China is Forecast to Grow at 9% CAGR

The High Pressure Seals market in the U.S. is estimated at US$1.2 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$1.4 Billion by the year 2027 trailing a CAGR of 9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 5.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR.

HNBR Segment to Record 5.9% CAGR

In the global HNBR segment, USA, Canada, Japan, China and Europe will drive the 5.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$685.2 Million in the year 2020 will reach a projected size of US$989.7 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$875.8 Million by the year 2027, while Latin America will expand at a 7.1% CAGR through the analysis period.

Select Competitors (Total 56 Featured):
  • Aesseal PLC
  • American High Performance Seals, Inc.
  • Ekato Holding GmbH
  • Flowserve Corporation
  • James Walker UK Ltd.
  • John Crane
  • Seal House Ltd.
  • SKF Group
Note: Product cover images may vary from those shown

  • Influencer Market Insights
  • World Market Trajectories
  • High Pressure Seals: A Prelude
  • Impact of Covid-19 and a Looming Global Recession
  • Increasing Efficiency in Offshore Oil Production Lays a Strong Foundation for High Pressure Seals Market Growth
  • Exhibit 1: Global Oil Production in mb/d During 2010-2020
  • Exhibit 2: Global Oil and Gas Processing Seals Market: Breakdown of Revenues in US$ Billion for the Years 2018, 2020, 2022 and 2024
  • Exhibit 3: Global Offshore Crude Oil Production in Million Barrels during 2010-2020
  • Positive World Energy Outlook Exhibiting Rising Fuel and Energy Demand Propels Market Growth
  • Exhibit 4: Global Nuclear Consumption in Quadrillion British Thermal Units for the Years 2010, 2020, 2030 and 2040
  • Exhibit 5: Global Natural Gas Consumption in Quadrillion British Thermal Units for the Years 2010, 2020, 2030 and 2040
  • Exhibit 6: Primary Energy Consumption by Region in Billion TOE for the Years 2010, 2015, 2020, 2025 and 2030
  • Expected Recovery in Oil Prices: An Opportunity Indicator
  • Exhibit 7: Annual Oil Prices in US$/bbl for the Years 2015, 2016, 2017, 2018 and 2019 (Q1)
  • Increasing Number of Petrochemical Processing Projects Worldwide Creates Positive Environment for High Pressure Seals Market
  • Opportunities in Nuclear Power Generation: A Significant Growth Driver
  • Exhibit 8: Global Nuclear Electricity Generation in Trillion Kilowatthours for the Years 2010, 2015, 2020, 2025, 2030 and 2035
  • Increasing Applications of High Pressure Seals in Aerospace, Manufacturing, Mining, Pharma and Other Industries Boost Growth
  • Challenges
  • Fast Degradation of Elastomeric Seals: A Growth Inhibitor
  • Increasing Interest in Renewable Energy: Another Growth Restraint
  • Benefits of Gland Packing and Seal-Less Pumps to Overshadow Growth of High Pressure Seals
  • Product Overview
  • What is a Seal?
  • High Pressure Seals: An Overview
  • High Pressure Seals: History and Applications
  • High Pressure Seals by Material Type
  • Metal High Pressure Seals
  • Thermoplastic Polyurethanes (TPU) High Pressure Seals
  • Hydrogenated Nitrile Butadiene Rubber (HNBR) High Pressure Seals
  • Fluoroelastomers High Pressure Seals
  • Ethylene Propylene Diene Monomer (EPDM) High Pressure Seals

  • Total Companies Profiled: 56
Note: Product cover images may vary from those shown