The augmented demand for high quality and reliable mechanical seals and the increasing opportunities in APAC are the major factors driving the demand for the market.
Market Size - USD 4.20 Billion in 2019, Market Growth - CAGR of 4.7%, Market Trends - Growing production and demand for eco-friendly coating technologies
The global Rotary Seals Market is presumed to garner a valuation of USD 6.14 Billion by 2027, registering a CAGR of 4.7% in the projected timeframe. The market development is attributed to the escalating requirement for reliable, durable, and high-quality mechanical seals. These mechanical seals are extensively used for joining systems or mechanisms to prevent leakages or contamination by dirt and dust. The efficiency of seals is dependent on the compression in gasket cases and the adhesion of sealants.
The extensive use of excellent raw materials is speculated to be a major trend driving the rotary seals market's growth in the projected years. Today, these mechanical seals are explicitly designed to sustain harsh environment situations and temperatures. Owing to these advancements in the product, there is a massive demand for raw materials of superior qualities, such as high-grade alloys of steel, which can tolerate higher temperatures. Increasing demand for these high-grade products is urging manufacturers to produce a higher quality of raw materials.
The significant advantage conferred by the rotary seals is the prevention of contamination of the equipment and retains the bearings' lubricants. These seals are extensively applied in automotive wheels, gearboxes, pumps, and electric motors.
Key Findings From the Report Suggest:
For this report, the global Rotary Seals Market is segregated into type, product type, component, end-user, and region:
Type Outlook Volume, Kilotons; Revenue, USD Billion; 2017-2027
Product Outlook Volume, Kilotons; Revenue, USD Billion; 2017-2027
Component Outlook Volume, Kilotons; Revenue, USD Billion; 2017-2027
End-User Outlook Volume, Kilotons; Revenue, USD Billion; 2017-2027
Regional Outlook Volume, Kilotons; Revenue, USD Billion; 2017-2027
Reasons to Buy the Report
Market Size - USD 4.20 Billion in 2019, Market Growth - CAGR of 4.7%, Market Trends - Growing production and demand for eco-friendly coating technologies
The global Rotary Seals Market is presumed to garner a valuation of USD 6.14 Billion by 2027, registering a CAGR of 4.7% in the projected timeframe. The market development is attributed to the escalating requirement for reliable, durable, and high-quality mechanical seals. These mechanical seals are extensively used for joining systems or mechanisms to prevent leakages or contamination by dirt and dust. The efficiency of seals is dependent on the compression in gasket cases and the adhesion of sealants.
The extensive use of excellent raw materials is speculated to be a major trend driving the rotary seals market's growth in the projected years. Today, these mechanical seals are explicitly designed to sustain harsh environment situations and temperatures. Owing to these advancements in the product, there is a massive demand for raw materials of superior qualities, such as high-grade alloys of steel, which can tolerate higher temperatures. Increasing demand for these high-grade products is urging manufacturers to produce a higher quality of raw materials.
The significant advantage conferred by the rotary seals is the prevention of contamination of the equipment and retains the bearings' lubricants. These seals are extensively applied in automotive wheels, gearboxes, pumps, and electric motors.
Key Findings From the Report Suggest:
- Based on type, polyurethanes are anticipated to report the fastest growth during the estimated years with a 5.4% CAGR owing to their distinctive mechanical properties, rigidness, and lightweight.
- Based on product type, mechanical seals assumed the largest share with ~25% of the industry in 2019 and is anticipated to lead the market expansion during the projected timeframe attributable to its enhanced durability, reliability, and superior quality.
- Based on end-user segment, the oil and gas industry is predicted to register the highest growth rate of nearly 6.1% through the forecast period and is speculated to dominate the sector due to the augmented crude oil trade between countries.
- Asia Pacific is projected to progress with a substantial growth rate during the estimated timeline and is also projected to lead the market growth in the following years owing to its massive contribution in catering to the growing demands of the oil and gas industry.
- Prominent players of the industry include Hubata Seals, Bal Seal Engineering, Kofler-Dichtungen, American High-Performance Seals, PERFORMANCE SEALING, Gallagher Seals, James Walker, Gallagher Seals, M.Barnwell Services, DingZing Advanced Materials, Polymer Concepts Technologies, Seal & Design, Tesnila Bogadi, Swan Seals Aberdeen, Rhondama, and Spareage Seals now Max Spare, among others.
For this report, the global Rotary Seals Market is segregated into type, product type, component, end-user, and region:
Type Outlook Volume, Kilotons; Revenue, USD Billion; 2017-2027
- PTFE Lip Seals
- V-ring Seals
- IM Seals
- Oil Seals
- Mechanical Seals
- Others
Product Outlook Volume, Kilotons; Revenue, USD Billion; 2017-2027
- Polyurethanes
- Thermoplastics
- Elastomers
- Others
Component Outlook Volume, Kilotons; Revenue, USD Billion; 2017-2027
- Rigid outer component
- Non-metallic
- Metallic
- Flexible inner lip
- Spring-loaded
- Spring less
End-User Outlook Volume, Kilotons; Revenue, USD Billion; 2017-2027
- Automotive
- Electrical and Electronics
- Industrial
- Oil and Gas
- Chemicals and petrochemical
- Powers
- Marine and rail
- Others
Regional Outlook Volume, Kilotons; Revenue, USD Billion; 2017-2027
- North America
- U.S.
- Europe
- Germany
- U.K.
- Asia Pacific
- China
- India
- Southeast Asia
- Latin America
- Brazil
- Middle East & Africa
Reasons to Buy the Report
- A robust analysis and estimation of the Rotary Seals Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
- A holistic competitive landscape of the all the major players in Rotary Seals market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
- Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
- Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
- Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization
Table of Contents
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 3. Rotary seals Segmentation & Impact Analysis
Chapter 4. Rotary seals Market By Product Insights & Trends
Chapter 5. Rotary seals Market By Type Insights & Trends
Chapter 6. Rotary seals Market By Components Insights & Trends
Chapter 7. Rotary seals Market By End user Insights & Trends
Chapter 8. Rotary seals Market Regional Outlook
Chapter 9. Competitive Landscape
Chapter 10. Company Profiles
Companies Mentioned
- Bal Seal Engineering
- American High-Performance Seals
- Gallagher Seals
- DingZing Advanced Materials
- James Walker
- Hubata Seals
- M.Barnwell Services
- Kofler-Dichtungen
- Polymer Concepts Technologies
- PERFORMANCE SEALING
- Seal & Design
- Rhondama
- Swan Seals Aberdeen
- Spareage Seals (now Max Spare)
- Tesnila Bogadi.