Industrial Seals Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Industrial Seals Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032



Growth Factors of Industrial Seals Market

The industrial seals market size was valued at USD 11.78 billion in 2021, and the market is now projected to grow from USD 12.11 billion in 2022 to USD 17.86 billion by 2029, exhibiting a CAGR of 5.7% during the forecast period of 2022-2029.

More industries in several countries stopped production when the coronavirus outbreak began in January 2020, thus significantly limiting the sector’s increases. Some of the reasons influencing the industry was scarcity of raw materials from limited import/export, scarcity of labor and reduced number of orders from the end users. These disruptions had a large bearing on manufacturing around the world.

Thermal resistant seal demand is increasing because large capacity manufacturing unit equipment tends to run for longer hours uninterrupted. These seals minimize machine downtimes arising from wear and tear and they are resistant to high temperatures that are prevalent in industries. As the number of manufacturing industries in the world economy rises, so does the demand for such seals especially regarding large scale industries.

The demand of thermal-resistant seals is increasing as the larger capacity manufacturing units need seal which can withstand for longer hours of operation in assembly line. The above seals also promote on enhancing optimum working of machines within different temperatures. In the expansion of the manufacturing industry, the demand for such seals has also grown significantly due to the rising growth of greater-capacity manufacturing plants across industries.

Comprehensive Analysis of Industrial Seals Market

The industrial seals market growth is rising at an exponential rate due to its market segmentation. This market expansion rightly provides a thorough market breakdown near to the industry considering the leading supply and demand forces. These segmentations are methodically segregated by type analysis, and by end use industry analysis. By type analysis include axial seals, radial seals, and mechanical seals. By end use industry analysis include mining, food & beverage, oil & gas, energy and power, aerospace, marine, construction, and others (chemical and others).

The Asia Pacific region lead the industrial seals market share by benefitting a market size of USD 4.43 billion in 2021 due to increasing numbers of registered and unregistered manufacturing companies.

The top players in the markets have a central responsibility in the machinery and equipment industry to be sure of industrial prospectus development and to establish the market norms. These players include, SKF, Flowserve Corporation, John Crane, Trelleborg AB, EnPro Industries Inc., Dover Corporation, SHV, Freudenberg SE, Tenneco Inc., Fenner Group Holdings Limited these market players provide a level-playing competitive landscape.

In September 2021, Hallite Seals International Ltd. inaugurated its advanced product and material test house to enhance its research and development capabilities.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2018-2029

Base Year 2021

Forecast Period 2022-2029

Historical Period 2018-2020

Unit Value (USD Billion)

Segmentation By Type

Axial Seals

Radial Seals

Mechanical Seals

Pusher and Non-pusher

Conventional Seals

Balanced and Unbalanced Seals

Cartridge

By End-Use Industry

Mining

Food & Beverage

Oil & Gas

Energy and Power

Aerospace

Marine

Construction

Others (Chemicals and Others)

By Region

North America

U.S. (By End-Use Industry)

Canada (By End-Use Industry)

Europe

Germany (By End-Use Industry)

U.K. (By End-Use Industry)

France (By End-Use Industry)

Italy (By End-Use Industry)

Spain (By End-Use Industry)

Rest of Europe

Asia Pacific

China (By End-Use Industry)

Japan (By End-Use Industry)

India (By End-Use Industry)

Southeast Asia (By End-Use Industry)

Rest of Asia Pacific

Middle East & Africa

South Africa (By End-Use Industry)

GCC (By End-Use Industry)

Rest of Middle East & Africa

Latin America

Brazil (By End-Use Industry)

Mexico (By End-Use Industry)

Rest of Latin America


1. Introduction
1.1. Definition, By Segment
1.2. Research Methodology/Approach
1.3. Data Sources
2. Executive Summary
3. Market Dynamics
3.1. Macro and Micro Economic Indicators
3.2. Drivers, Restraints, Opportunities and Trends
3.3. Impact of COVID-19
3.3.1. Short-term Impact
3.3.2. Long-term Impact
4. Competition Landscape
4.1. Business Strategies Adopted by Key Players
4.2. Consolidated SWOT Analysis of Key Players
4.3. Global Industrial Seals Key Players Market Share Insights and Analysis, 2021
4.4. Porter’s Five Force Analysis
5. Global Industrial Seals Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2018-2029
5.1. Key Findings
5.2. By Type (USD)
5.2.1. Axial Seals
5.2.2. Radial Seals
5.2.3. Mechanical Seals
5.2.3.1. Pusher and Non-pusher
5.2.3.2. Conventional Seals
5.2.3.3. Balanced and Unbalanced Seals
5.2.3.4. Cartridge
5.3. By End-use Industry (USD)
5.3.1. Mining
5.3.2. Food & Beverage
5.3.3. Oil & Gas
5.3.4. Energy and Power
5.3.5. Aerospace
5.3.6. Marine
5.3.7. Construction
5.3.8. Others (Chemicals, etc.)
5.4. By Region (USD)
5.4.1. North America
5.4.2. Latin America
5.4.3. Europe
5.4.4. Middle East & Africa
5.4.5. Asia Pacific
6. North America Industrial Seals Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2018-2029
6.1. Key Findings
6.2. By Type (USD)
6.2.1. Axial Seals
6.2.2. Radial Seals
6.2.3. Mechanical Seals
6.2.3.1. Pusher and Non-pusher
6.2.3.2. Conventional Seals
6.2.3.3. Balanced and Unbalanced Seals
6.2.3.4. Cartridge
6.3. By End-use Industry (USD)
6.3.1. Mining
6.3.2. Food & Beverage
6.3.3. Oil & Gas
6.3.4. Energy and Power
6.3.5. Aerospace
6.3.6. Marine
6.3.7. Construction
6.3.8. Others (Chemicals, etc.)
6.4. By Country (USD)
6.4.1. United States
6.4.2. By End-use Industry (USD)
6.4.2.1. Mining
6.4.2.2. Food & Beverage
6.4.2.3. Oil & Gas
6.4.2.4. Energy and Power
6.4.2.5. Aerospace
6.4.2.6. Marine
6.4.2.7. Construction
6.4.2.8. Others (Chemicals, etc.)
6.4.3. Canada
6.4.3.1. By End-use Industry (USD)
6.4.3.1.1. Mining
6.4.3.1.2. Food & Beverage
6.4.3.1.3. Oil & Gas
6.4.3.1.4. Energy and Power
6.4.3.1.5. Aerospace
6.4.3.1.6. Marine
6.4.3.1.7. Construction
6.4.3.1.8. Others (Chemicals, etc.)
7. Latin America Industrial Seals Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2018-2029
7.1. Key Findings
7.2. By Type (USD)
7.2.1. Axial Seals
7.2.2. Radial Seals
7.2.3. Mechanical Seals
7.2.3.1. Pusher and Non-pusher
7.2.3.2. Conventional Seals
7.2.3.3. Balanced and Unbalanced Seals
7.2.3.4. Cartridge
7.3. By End-use Industry (USD)
7.3.1. Mining
7.3.2. Food & Beverage
7.3.3. Oil & Gas
7.3.4. Energy and Power
7.3.5. Aerospace
7.3.6. Marine
7.3.7. Construction
7.4. Others (Chemicals, etc.)
7.5. By Country (USD)
7.5.1. Brazil
7.5.1.1. By End-use Industry (USD)
7.5.1.1.1. Mining
7.5.1.1.2. Food & Beverage
7.5.1.1.3. Oil & Gas
7.5.1.1.4. Energy and Power
7.5.1.1.5. Aerospace
7.5.1.1.6. Marine
7.5.1.1.7. Construction
7.5.1.1.8. Others (Chemicals, etc.)
7.5.2. Mexico
7.5.2.1. By End-use Industry (USD)
7.5.2.1.1. Mining
7.5.2.1.2. Food & Beverage
7.5.2.1.3. Oil & Gas
7.5.2.1.4. Energy and Power
7.5.2.1.5. Aerospace
7.5.2.1.6. Marine
7.5.2.1.7. Construction
7.5.2.1.8. Others (Chemicals, etc.)
7.5.3. Rest of Latin America
8. Europe Industrial Seals Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2018-2029
8.1. Key Findings
8.2. By Type (USD)
8.2.1. Axial Seals
8.2.2. Radial Seals
8.2.3. Mechanical Seals
8.2.3.1. Pusher and Non-pusher
8.2.3.2. Conventional Seals
8.2.3.3. Balanced and Unbalanced Seals
8.2.3.4. Cartridge
8.3. By End-use Industry (USD)
8.3.1. Mining
8.3.2. Food & Beverage
8.3.3. Oil & Gas
8.3.4. Energy and Power
8.3.5. Aerospace
8.3.6. Marine
8.3.7. Construction
8.3.8. Others (Chemicals, etc.)
8.4. By Country (USD)
8.4.1. UK
8.4.1.1. By End-use Industry (USD)
8.4.1.1.1. Mining
8.4.1.1.2. Food & Beverage
8.4.1.1.3. Oil & Gas
8.4.1.1.4. Energy and Power
8.4.1.1.5. Aerospace
8.4.1.1.6. Marine
8.4.1.1.7. Construction
8.4.1.1.8. Others (Chemicals, etc.)
8.4.2. Germany
8.4.2.1. By End-use Industry (USD)
8.4.2.1.1. Mining
8.4.2.1.2. Food & Beverage
8.4.2.1.3. Oil & Gas
8.4.2.1.4. Energy and Power
8.4.2.1.5. Aerospace
8.4.2.1.6. Marine
8.4.2.1.7. Construction
8.4.2.1.8. Others (Chemicals, etc.)
8.4.3. France
8.4.3.1. By End-use Industry (USD)
8.4.3.1.1. Mining
8.4.3.1.2. Food & Beverage
8.4.3.1.3. Oil & Gas
8.4.3.1.4. Energy and Power
8.4.3.1.5. Aerospace
8.4.3.1.6. Marine
8.4.3.1.7. Construction
8.4.3.1.8. Others (Chemicals, etc.)
8.4.4. Italy
8.4.4.1. By End-use Industry (USD)
8.4.4.1.1. Mining
8.4.4.1.2. Food & Beverage
8.4.4.1.3. Oil & Gas
8.4.4.1.4. Energy and Power
8.4.4.1.5. Aerospace
8.4.4.1.6. Marine
8.4.4.1.7. Construction
8.4.4.1.8. Others (Chemicals, etc.)
8.4.5. Spain
8.4.5.1. By End-use Industry (USD)
8.4.5.1.1. Mining
8.4.5.1.2. Food & Beverage
8.4.5.1.3. Oil & Gas
8.4.5.1.4. Energy and Power
8.4.5.1.5. Aerospace
8.4.5.1.6. Marine
8.4.5.1.7. Construction
8.4.5.1.8. Others (Chemicals, etc.)
8.4.6. Rest of Europe
9. Asia Pacific Industrial Seals Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2018-2029
9.1. Key Findings
9.2. By Type (USD)
9.2.1. Axial Seals
9.2.2. Radial Seals
9.2.3. Mechanical Seals
9.2.3.1. Pusher and Non-pusher
9.2.3.2. Conventional Seals
9.2.3.3. Balanced and Unbalanced Seals
9.2.3.4. Cartridge
9.3. By End-use Industry (USD)
9.3.1. Mining
9.3.2. Food & Beverage
9.3.3. Oil & Gas
9.3.4. Energy and Power
9.3.5. Aerospace
9.3.6. Marine
9.3.7. Construction
9.3.8. Others (Chemicals, etc.)
9.4. By Country (USD)
9.4.1. China
9.4.1.1. By End-use Industry (USD)
9.4.1.1.1. Mining
9.4.1.1.2. Food & Beverage
9.4.1.1.3. Oil & Gas
9.4.1.1.4. Energy and Power
9.4.1.1.5. Aerospace
9.4.1.1.6. Marine
9.4.1.1.7. Construction
9.4.1.1.8. Others (Chemicals, etc.)
9.4.2. India
9.4.2.1. By End-use Industry (USD)
9.4.2.1.1. Mining
9.4.2.1.2. Food & Beverage
9.4.2.1.3. Oil & Gas
9.4.2.1.4. Energy and Power
9.4.2.1.5. Aerospace
9.4.2.1.6. Marine
9.4.2.1.7. Construction
9.4.2.1.8. Others (Chemicals, etc.)
9.4.3. Japan
9.4.3.1. By End-use Industry (USD)
9.4.3.1.1. Mining
9.4.3.1.2. Food & Beverage
9.4.3.1.3. Oil & Gas
9.4.3.1.4. Energy and Power
9.4.3.1.5. Aerospace
9.4.3.1.6. Marine
9.4.3.1.7. Construction
9.4.3.1.8. Others (Chemicals, etc.)
9.4.4. South East Asia
9.4.4.1. By End-use Industry (USD)
9.4.4.1.1. Mining
9.4.4.1.2. Food & Beverage
9.4.4.1.3. Oil & Gas
9.4.4.1.4. Energy and Power
9.4.4.1.5. Aerospace
9.4.4.1.6. Marine
9.4.4.1.7. Construction
9.4.4.1.8. Others (Chemicals, etc.)
9.4.5. Rest of Asia Pacific
10. Middle East & Africa Industrial Seals Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2018-2029
10.1. Key Findings
10.2. By Type (USD)
10.2.1. Axial Seals
10.2.2. Radial Seals
10.2.3. Mechanical Seals
10.2.3.1. Pusher and Non-pusher
10.2.3.2. Conventional Seals
10.2.3.3. Balanced and Unbalanced Seals
10.2.3.4. Cartridge
10.3. By End-use Industry (USD)
10.3.1. Mining
10.3.2. Food & Beverage
10.3.3. Oil & Gas
10.3.4. Energy and Power
10.3.5. Aerospace
10.3.6. Marine
10.3.7. Construction
10.3.8. Others (Chemicals, etc.)
10.4. By Country (USD)
10.4.1. South Africa
10.4.1.1. By End-use Industry (USD)
10.4.1.1.1. Mining
10.4.1.1.2. Food & Beverage
10.4.1.1.3. Oil & Gas
10.4.1.1.4. Energy and Power
10.4.1.1.5. Aerospace
10.4.1.1.6. Marine
10.4.1.1.7. Construction
10.4.1.1.8. Others (Chemicals, etc.)
10.4.2. GCC
10.4.2.1. By End-use Industry (USD)
10.4.2.1.1. Mining
10.4.2.1.2. Food & Beverage
10.4.2.1.3. Oil & Gas
10.4.2.1.4. Energy and Power
10.4.2.1.5. Aerospace
10.4.2.1.6. Marine
10.4.2.1.7. Construction
10.4.2.1.8. Others (Chemicals, etc.)
10.4.3. Rest of MEA
11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
11.1. The Timken Company
11.1.1. Overview
11.1.2. Offerings/Business Segments
11.1.3. Employee Size
11.1.4. Key Financials
11.1.5. Recent Developments
11.2. SKF (AB SKF)
11.2.1. Overview
11.2.2. Offerings/Business Segments
11.2.3. Employee Size
11.2.4. Key Financials
11.2.5. Recent Developments
11.3. Flowserve Corporation
11.3.1. Overview
11.3.2. Offerings/Business Segments
11.3.3. Employee Size
11.3.4. Key Financials
11.3.5. Recent Developments
11.4. John Crane (Smiths Group Plc)
11.4.1. Overview
11.4.2. Offerings/Business Segments
11.4.3. Employee Size
11.4.4. Key Financials
11.4.5. Recent Developments
11.5. Trelleborg AB
11.5.1. Overview
11.5.2. Offerings/Business Segments
11.5.3. Employee Size
11.5.4. Key Financials
11.5.5. Recent Developments
11.6. Enpro Industries (Garlock GmbH)
11.6.1. Overview
11.6.2. Offerings/Business Segments
11.6.3. Employee Size
11.6.4. Key Financials
11.6.5. Recent Developments
11.7. Dover Corporation (Waukesha Bearings)
11.7.1. Overview
11.7.2. Offerings/Business Segments
11.7.3. Employee Size
11.7.4. Key Financials
11.7.5. Recent Developments
11.8. SHV (ERIKS Group)
11.8.1. Overview
11.8.2. Offerings/Business Segments
11.8.3. Employee Size
11.8.4. Key Financials
11.8.5. Recent Developments
11.9. Tenneco Inc.
11.9.1. Overview
11.9.2. Offerings/Business Segments
11.9.3. Employee Size
11.9.4. Key Financials
11.9.5. Recent Developments
11.10. Freudenberg SE
11.10.1. Overview
11.10.2. Offerings/Business Segments
11.10.3. Employee Size
11.10.4. Key Financials
11.10.5. Recent Developments

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