Industrial Seals Market Size, Share, Growth Analysis, By Type(Axial Seals, Radial Seals, Mechanical Seals), By Industry(Mining, Food, Beverages, Oil), By Region - Industry Forecast 2024-2031

Many businesses are putting an emphasis on organic growth strategies, including product launches, product approvals, and others like patents and events. Acquisitions and partnerships & collaborations were examples of inorganic growth strategies that were observed in the market. These actions have made it possible for market participants to grow their customer bases and business. With the growing demand for the industrial seals market, market players are anticipated to benefit from lucrative growth opportunities in the future. For instance, Trelleborg Sealing Solutions announced the opening and start of operations at its manufacturing facility in Ontario, California, in August 2021. The production facility will serve as a west coast warehouse for industrial and aerospace clients in the United States.

Industrial Seals Market Top Players Company Profiles

• SKF AB
• Freudenberg SE
• Parker Hannifin Corporation
• Trelleborg AB
• Kaman Corporation
• Flowserve Corporation 
• Garlock Sealing Technologies
• James Walker Group
• Chesterton Company
• John Crane Inc.
• Timken Company
• EagleBurgmann Germany GmbH & Co. KG
• AESSEAL plc
• Flexitallic Group
• Bal Seal Engineering Inc.
• GEA Group AG
• Hutchinson SA
• Sulzer Ltd.
• Technetics Group
• Saint-Gobain S.A.

Industrial Seals Market Recent Development

• In 2022, Trelleborg Sealing Solutions launched Isolast® K-Fab™ Seal devised to offer long-term sealing and enhanced productivity in high-temperature semiconductor subfab applications. The solution was expected to help significantly decrease unexpected downtime and cost of ownership. Such solutions are expected to drive the global industrial seals market.
• In October 2022,Trelleborg AB has finalised the previously announced acquisition of Lindau, Germany-based company MG Silikon GmbH from Saint-Gobain Group, the Swedish manufacturer said 31 Oct.With annual sales of around SEK 120 million (€11.5 million), MG Silikon specialises in sealing products and systems for aerospace and industrial applications.
• In December 2021, Magnetic Seal Corporation was purchased by Ducommun Incorporated. With this acquisition, the company might be able to improve its position in the market and its ability to produce unique magnetic seals.
• In September 2021, Hallite Seals International Ltd. opened its brand-new product and material test facility. A cutting-edge, technologically sophisticated facility will support the organization's capabilities for novel product research and development.