APAC Machined Seals Market - Industry Trends and Forecast to 2030
Asia-Pacific machined seals market is projected to register a 5.7% CAGR in the forecast period of 2021 to 2030. The new market report contains data for the historic year 2021, the base year of calculation is 2022, and the forecast period is 2023 to 2030.
Market Segmentations
Asia-Pacific Machined Seals Market, By Type (Fluid Power Seals, Power Transmission Seals, and Large Diameter Seals), Product Type (Rod Seals, Piston Seals, Wiper Seals, Static Seals, Rotary Seals, Special Seals, Guide Rings, and Back up Rings), Material (Polytetrafluoroethylene (PTFE), Viton, Polyurethane (PU), Rubber, Metal, Elastomers, Thermoplastics, and Others), Application (Aerospace & Defense, Automotive Industry, Chemical Processing, Machined Tools, Construction, Industrial Turbines, Flow Control, Life Sciences, New Energies, Nuclear Industry, Oil & Gas, Pumps, Semiconductors, Sensors, Valves, Packaging and Materials, and Food & Beverages), Sales Channel (Manufacturers, Distributors, and Aftermarket), Country (Japan, China, India, Taiwan, South Korea, Australia, Thailand, Singapore, Malaysia, Indonesia, New Zealand, Philippines, Vietnam, and Rest of Asia-Pacific) Industry Trends and Forecast to 2030
Some of the major factors contributing to the growth of the Asia-Pacific machined seals market:
• The increasing demand for machined seals from various industries such as oil and gas, power generation, chemicals, and others
• The growing adoption of customized elastomeric seals
Market Players
The key players operating in the Asia-Pacific machined seals market are:
• Hallite Seals
• OZ SEALS PTY LTD
• Martin Fluid Power Company, Inc.
• MFP Seals
• Picard Technologies
• SKF
• Freudenberg FST GmbH
• Amphora Industries Pty Ltd
• SAINT-GOBAIN
• Technetics Group
• Parker Hannifin Corp.
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