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Hydraulic Seals Market Size, Share & Industry Analysis, By Product (Hydraulic Wipers, Hydraulic Piston Seals, Hydraulic Rod Seals, Hydraulic Buffer Seals), By Industry Vertical (Marine Industry, Heavy Industry, Automotive Industry, General Engineering, Others) and Regional Forecast, 2021-2028

Region : Global | Report ID: FBI101431 | Status : Ongoing

 

KEY INDUSTRY INSIGHTS

Hydraulic seals are used to separate or block the flow of fluid and secure the openings between hydraulic machineries. Hydraulic seals provide leakage protection control in reciprocating motions machineries. Hydraulic seals offer high resistance against heat, fluid, and robust wear & tear.


Hydraulic seals are made up of a special variety of materials including rubber, polyurethane, or poly-tetra-fluoro-ethylene (PTFE). Hydraulic seals are deployed in a wide range of applications including construction machines, industrial water hydraulics, shock absorber, material handling (cranes, forklifts among others) and others.


Further, increasing demand for hydraulic cylinders in the marine industry is one of the major factor that is driving the growth of the hydraulic seals market. For instance, according to the sources, in 2018, the North American hydraulic cylinder market generated revenue of around US$ 3.6 Bn. Apart from North America, the Asia Pacific and Europe are also observing a decent rise in the overall hydraulic cylinder market, due to the rising market of manufacturing industries.


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With the increasing demand for leakage protection solutions in reciprocating motion machineries, such as hydraulic cylinders, pumps and others are expected to drive the overall hydraulic seals market in the forecast period. Rising market of lightweight machine tools in subsea oil & gas explorations, railroad turbochargers, and others are also expected to drive the growth of the market.


Moreover, the key manufacturers are developing a customised seal for various industrial applications, such as railroad turbochargers, customised machine tools, among others. For instance, in February 2018, SKF developed Scotseal X-Treme, which is a customised seal and can be used in various lightweight applications.


Key Players Covered


Some of the key players in global hydraulic seals market are Kastas Sealing Technologies, Parker Hannifin Corp, Freudenberg Group, SKF, Trelleborg Group, A.W. Chesterton Company, All Seals Inc., SealTeam, MSP Seals, Inc., Essentra PLC among others.


Regional Analysis


The hydraulic seals market in the Asia Pacific is expected to grow significantly in the forecast period, owing to the rise of ongoing projects in process industries including construction, manufacturing and industrial automation. Key manufacturers in this industry are focusing on developing customised seals for several industrial applications, which includes subsea oil and gas exploration, mobile hydraulics, lightweight applications and others. Furthermore, engineers have developed pressure-activated hydraulic seals for heavy industrial applications to minimise friction and leakages.


Furthermore, the North America is expected hold the largest industrial seals market share, owing to the presence of key manufacturers, which offers high-quality and innovative seals. Moreover, the government of the U.S. is working continuously on developing the waste water treatment infrastructure, which is a primary factor that is driving the market in the region.


Segmentation






















 ATTRIBUTE 


 DETAILS

By Product




  • Hydraulic Wipers

  • Hydraulic Piston Seals

  • Hydraulic Rod Seals

  • Hydraulic Buffer Seals



By Industry Vertical




  • Marine Industry

  • Heavy Industry

  • Automotive Industry

  • General Engineering

  • Others



By Geography




  • North America (U.S. and Canada)

  • Europe (U.K., Germany, France, Italy, Spain, and Rest of Europe)

  • Asia Pacific (Japan, China, India, Southeast Asia and Rest of Asia Pacific)

  • Latin America (Brazil, Mexico and Rest of Latin America)

  • Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)



KEY DEVELOPMENT INDUSTRY



  • February 2019 – Parker Hannifin Corp launched new taiyo compact hydraulic seal that helps to protect the primary hydraulic cylinder by reducing the chance of the piston contacting the body.

  • September 2018 –  Trelleborg Group. developed innovative materials for hydraulic seals. These hydraulic seals are used to secure high performance cylinders under critical condition.


Hydraulic Seals Market Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2020
  • 2017-2019

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