Global Industrial Seals Market

Industrial Seals Market Size, Share, Growth Analysis, By Type (Axial Seals, Radial Seals), By Material (Fiber, Rubber), By Industry (Food and Beverages, Oil and Gas), By Region - Industry Forecast 2024-2031

Report ID: SQMIG20I2108 | Region: Global | Published Date: December, 2024
Pages: 242 | Tables: 68 | Figures: 75

Industrial Seals Market Competitive Landscape

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

  • Saint-Gobain S.A (France) 
  • Tuck's Industrial Packings and Seals Pty Ltd (Australia) 
  • Seal Innovations (United States) 
  • Flexaseal Engineered Seals and Systems, LLC (United States) 
  • Industrial Seals (United States) 
  • SSP Manufacturing Inc. (United States) 
  • Yoson Seals (China) 
  • Stein Seal (United States) 
  • Chesterton Customseal (United States) 
  • Systemseals (United States) 
  • Renseal (United States) 
  • Trelleborg Group (Sweden) 
  • ERIKS Seals and Plastics, Inc. (Netherlands) 
  • Tenneco Inc. (United States) 
  • Flowserve Corporation (United States) 
  • Technetics Group (United States) 
  • SKF (Sweden) 
  • JK Fenner (India) 
  • InproSeal (United States) 
  • Freudenberg FST GmbH (Germany) 

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.
$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Global Industrial Seals Market size was valued at USD 13.1 billion in 2022 and is poised to grow from USD 13.8 billion in 2023 to USD 21 billion by 2031, growing at a CAGR of 5.4% during the forecast period (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. 'Saint-Gobain S.A (France) ', 'Tuck's Industrial Packings and Seals Pty Ltd (Australia) ', 'Seal Innovations (United States) ', 'Flexaseal Engineered Seals and Systems, LLC (United States) ', 'Industrial Seals (United States) ', 'SSP Manufacturing Inc. (United States) ', 'Yoson Seals (China) ', 'Stein Seal (United States) ', 'Chesterton Customseal (United States) ', 'Systemseals (United States) ', 'Renseal (United States) ', 'Trelleborg Group (Sweden) ', 'ERIKS Seals and Plastics, Inc. (Netherlands) ', 'Tenneco Inc. (United States) ', 'Flowserve Corporation (United States) ', 'Technetics Group (United States) ', 'SKF (Sweden) ', 'JK Fenner (India) ', 'InproSeal (United States) ', 'Freudenberg FST GmbH (Germany) '

The demand for thermal, long-lasting, and heat-resistant seals that enable the rapid development of forces between two rotating elements is one of the driving forces behind the industrial market's steady growth. Such operations, which will result in heat-resistant seals during the forecast, depend heavily on temperature. Optimal efficiency, increased productivity, and rising manufacturing demand will all contribute to the global industrial market's expansion over the course of the forecast period. Additionally, during the forecast period, a growing trend of customizable industrial seals will create new revenue opportunities.

Due to the sealing technology's ability to prevent leaks under conditions of extreme pressure, temperature, and shaft speed, many industries have adopted it in recent years. Customized seals are increasingly being used in a variety of industries, which is boosting market expansion. Customized elastomeric seals are widely used in the oil and gas industry due to their extensive use in exploration activities. Additionally, manufacturing firms are continuously developing sustainable and scaled offerings for their clients. Many small and medium-sized manufacturing businesses have been successful in implementing the customization process for their customers. This procedure enables manufacturers to offer elastomeric seals that are dependable, customised, adaptable, and long-lasting on the market. Additionally, an elastomeric seal's characteristics are different from those of conventional seals because it offers consumers improved services.

The industrial seals market is anticipated to be dominated by North America. Due to its prominence in the chemical, pharmaceutical, and oil & gas industries, the US is predicted to be the largest market in the world. During the forecast period, these segments' expansion will lead to a demand for a variety of seals. Several significant players are anticipated to increase the production of industrial seals in North America. Additionally, the expansion of mid-sized and small seal manufacturing businesses as well as growing government initiatives may promote industry development.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

Click here right-arrow
logo-images

Related Reports

Aircraft Seals Market
Buy Now GET FREE SAMPLE
Food Processing Seals Market
Buy Now GET FREE SAMPLE
Construction Sealants Market
Buy Now GET FREE SAMPLE
Aerospace Sealants Market
Buy Now GET FREE SAMPLE
Industrial Safety Gloves Market
Buy Now GET FREE SAMPLE
Elastomeric sealants Market
Buy Now GET FREE SAMPLE
Adhesives And Sealants Market
Buy Now GET FREE SAMPLE
Silicone Sealants Market
Buy Now GET FREE SAMPLE

Feedback From Our Clients

Global Industrial Seals Market

Report ID: SQMIG20I2108

$5,300
BUY NOW GET FREE SAMPLE