Hydraulic Seals Market is projected to reach US$ 5.77 Billion by 2027 from US$ 3.95 Billion in 2019. It is estimated to grow at a CAGR of 4.9% from 2020 to 2027. In-depth market segmentation, deep dive regional and country level analysis of 18+ countries across 5 key regions, key company profiles and industry landscape to provide latest market initiatives and competitive landscape, impact of COVID-19 pandemic on ecosystem.
New York, July 29, 2022 (GLOBE NEWSWIRE) -- The Insight Partners has published a new research report titled Global Hydraulic Seals Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by segments and Geography”. The scope of study involves understanding the factors responsible for the growth of the hydraulic seals market along with estimates and forecast of the revenue and market share analysis. It also spots the significant market players with their key developments. Hydraulic seals are utilized in hydraulic cylinders to seal openings between several components in a hydraulic cylinder. Seals are either machined or molded, and are carefully designed using sophisticated simulation software. Hydraulic seals are made of a variety of materials such as polyurethane, rubber, or polytetrafluoroethylene (PTFE). It offers high resistance from fluid, heat, and wear & tear. The major tasks of hydraulic seals are to retain hydraulic fluids, maintain rod and pistons alignment (to exclude solid or liquid contaminations), and maintain the hydraulic pressure. Hydraulic seals are used in various end-use industries such as aerospace, automotive, agriculture, construction, oil & gas, marine, and chemical.
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Hydraulic Seals Market - Strategic Insights
No. of Charts & Figures
North America; Europe; Asia Pacific; Latin America; MEA
US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina
Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Hydraulic Seals Market: Competitive Landscape and Key Developments
AccroSeal, A.W. Chesterton Company, All Seals Inc., Freudenberg Sealing Technologies, James Walker, Kastas Sealing Technologies, Parker Hannifin Corp, SealTeam Australia, SKF, and Trelleborg Group are among the players operating in the global hydraulic seals market.
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Based on product, the global hydraulic seals market is segmented into wiper seals, piston seals, rod seals, buffer seals, and others. In 2019, the rod seals segment led the market. Rod Seals are the sealing devices used to impede fluid leakage from a cylinder and maintain the movement between piston head and the cylinder head. These types of seals are primarily used in fluid power plants and in hydraulic cylinders to seal the system pressure. In most fluid power systems, proper sealing effect or proper functioning of the rod seals is one parameter for decision-making efficiency and effectiveness.
Hence, rod seals are one of the most important components of the sealing system, given that any failure to perform them can have a significant effect on the performance of the entire equipment. In addition to all factors applicable to piston seals, nonperformance rod seals can contribute to a loss of fluid that may also affect the environment. These types of seals are used on piston rods, which are attached to the cylinders. Rod seals can be used within hydraulic or pneumatic cylinders. Many kinds of rod seals such as hydraulic rod seals, pneumatic rod seals, U seal backups, and custom designed rod seals are available in the market.
Hydraulic seals are utilized in hydraulic cylinders to seal openings between several components in a hydraulic cylinder. Seals are either machined or molded, and are carefully designed using sophisticated simulation software. Hydraulic seals are made of a variety of materials such as polyurethane, rubber, or polytetrafluoroethylene (PTFE). It offers high resistance from fluid, heat, and wear & tear. The major tasks of hydraulic seals are to retain hydraulic fluids, maintain rod and pistons alignment (to exclude solid or liquid contaminations), and maintain the hydraulic pressure. Hydraulic seals are used in various end-use industries such as aerospace, automotive, agriculture, construction, oil & gas, marine, and chemical.
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Based on product, the global hydraulic seals market is segmented into wiper seals, piston seals, rod seals, buffer seals, and others. The rod seals segment led the market in 2019. Rod Seals are the sealing devices used to impede fluid leakage from a cylinder and maintain the movement between piston head and the cylinder head. These types of seals are primarily used in fluid power plants and in hydraulic cylinders to seal the system pressure. In most fluid power systems, proper sealing effect or proper functioning of the rod seals is one parameter for decision-making efficiency and effectiveness. Hence, rod seals are one of the most important components of the sealing system, given that any failure to perform them can have a significant effect on the performance of the entire equipment. In addition to all factors applicable to piston seals, nonperformance rod seals can contribute to a loss of fluid that may also affect the environment. These types of seals are used on piston rods, which are attached to the cylinders. Rod seals can be used within hydraulic or pneumatic cylinders. Many kinds of rod seals such as hydraulic rod seals, pneumatic rod seals, U seal backups, and custom designed rod seals are available in the market.
Geographically, the global hydraulic seals market is segmented into North America, Europe, Asia Pacific, South America, and Middle East and Africa. In 2019, Asia Pacific accounted for the largest share of the global hydraulic seals market. Increasing industrialization and urbanization leads to the dominancy of the region in the market. Attributed to the region's growing economic conditions, there has been a spur in its industrial activities. Exponential growth in the various industrial sectors, such as aerospace, automotive, marine, and agricultural, is influencing the demand for hydraulic seals systems. Currently, the oil & gas industry is expanding in Asia Pacific. According to the IOGP’s Global Production Report 2019, demand for oil and gas is at the peak in Asia Pacific countries. Similarly, the demand for equipment to be used in the sector is high. The equipment must have excellent seals that would prevent oil from leaking. Hydraulic seals are critical in preventing leakage of gas in a cylinder. The linear motion of oil through a hydraulic cylinder also depends on these seals to generate the required pressure.
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Hydraulic seals are utilized in hydraulic cylinders to seal the openings between several components in the hydraulic cylinder. Seals are either machined or molded and are carefully designed using sophisticated simulation software. Hydraulic seals are made of a variety of materials, such as polyurethane, rubber, or polytetrafluoroethylene (PTFE). Hydraulic seals offer high resistance from fluid, heat, and wear & tear. The major task of hydraulic seals are to retain hydraulic fluids, maintain rod and pistons alignment, to exclude solid or liquid contaminations, and to maintain the hydraulic pressure. Hydraulic seals are used in various end user industries such as aerospace, automotive, agriculture, construction, oil and gas, marine, chemical, and others.
Hydraulic cylinders are highly utilized by various end-user industries such as automotive, agriculture, construction, aerospace, oil & gas, and many others. Hydraulic seals play a pivotal role in hydraulic cylinders. In order to contain the pressurized fluids in a hydraulic cylinder system and keep it in motion, high-performance seals are required. Thus, the hydraulic seals market grows in accordance with the increasing demand for hydraulic cylinders. Uninterrupted demand in industries where hydraulic systems play a crucial role is a significant factor in boosting hydraulic cylinder adoption. Irreplaceability of hydraulic systems in aviation, manufacturing, construction equipment, and infrastructure helps the growth of the hydraulic seals market. The incorporation of machinery with hydraulic cylinders encourages growth in functionality, accuracy, and offers enhancements in controlled performance and ease-of-use. Increasing demand for material handling equipment coupled with rising construction activities for contributing to economic development is amplifying the utilization of hydraulic cylinders. Growing demand for sophisticated agriculture machinery combined with escalating population size is further augmenting the demand for hydraulic cylinders.
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In 2019, Asia Pacific held the largest share of the global hydraulic seals market. The increasing industrialization and urbanization lead to the dominancy of the region in the hydraulic seals market. Attributed to the APAC region's flourishing economic conditions, there has been a spur in the region's industrial activities. The exponential growth in the industrial sector, including aerospace, automotive, marine, agricultural, and others, has influenced hydraulic seals systems' demand. Currently, the oil and gas industry is expanding in the APAC region. According to the IOGP’s Global Production Report 2019, oil and gas demand is at the peak in Asia Pacific countries. Similarly, the equipment to be used in the sector is also in high demand. The equipment should have excellent seals that will prevent oil from leaking. Hydraulic seals are critical in preventing leakage of gas in a cylinder. The linear motion of oil through a hydraulic cylinder also depends on these seals to generate the required pressure.
Impact of COVID-19 Pandemic on Hydraulic Seals Market
The COVID-19 outbreak was first reported in Wuhan (China) during December 2019. As of December 2020, the US, India, Brazil, Russia, France, the UK, Italy, Spain, Germany, Colombia, Argentina, and Mexico are among the most affected countries in terms of COVID-19 confirmed cases and reported deaths. According to the latest WHO figures, there are ~81,159,096 confirmed cases and 1,791,246 total deaths across the world. The pandemic is adversely affecting various industries across the world due to lockdowns, travel bans, and business shutdowns. The global manufacturing industry is one of the major industries that are suffering serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns. The lockdown of various plants and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East and Africa is restricting the global supply chains and hindering the manufacturing activities, delivery schedules, and various goods sales. In addition, global travel bans imposed by countries in Europe, Asia, and North America are hampering the business collaborations and partnerships opportunities. All these factors are disrupting the manufacturing industry, which is eventually restraining the growth of hydraulic seals market.
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