Industrial Seals Market to Expand at a CAGR of 5.5% over 2025 to 2032; Momentum Industrial Acquired LocTech AB to Consolidate its Industry Position

The global industrial seals market size stood at USD 15.05 billion in 2024. The market value is slated to rise from USD 15.56 billion in 2025 to USD 22.62 billion by 2032 at a CAGR of 5.5% during 2025-2032. Fortune Business Insights™ presents this information in its report titled “Industrial Seals Market Size, Share & Industry Analysis, By Type (Axial Seals, Radial Seals, Mechanical Seals, and Carbon Seals), By End Use Industry (Automotive, Renewable Energy & Utilities, Semiconductor, Metal and Mining, Food & Beverage, Oil & Gas, Energy, Aerospace & Defense, Marine, Construction & Agriculture Equipment, Chemicals and Pharmaceuticals, Water and Wastewater Treatment, Paper and Textile Manufacturing, and Life Sciences), and Regional Forecast, 2025 – 2032”.

Industrial seals are used for offering shielding against contamination at interface points in industrial machinery. The expansion of the manufacturing sector and mounting inclination toward automation is anticipated to create lucrative prospects for industry players over the forthcoming years.

During the COVID-19 pandemic, the market was negatively impacted as the lockdown restrictions led to a temporary halt on manufacturing units, hampering product sales.   

AESSEAL Announced Plans to Exhibit its Solutions at the 31^st ChemTECH World Expo 2024 to Enhance Business Prospects

In March 2024, AESSEAL shared plans for exhibiting its advanced solutions at the 31^st edition of ChemTECH World Expo 2024 in Mumbai, India. The company would exhibit its comprehensive sealing solutions and technologies portfolio, including design support and the production of component seals, mechanical seals, and support systems focused on the leakage prevention of liquids.

Expansion of EV Battery Sector to Bode well for Industry Growth

The sales of electric vehicles are rising across the globe with escalating public and private sector investments and the enforcement of supportive government policies. In 2022, the global sales of electric cars exceeded 10 million units, according to the International Energy Agency. This escalates the demand for electric vehicle batteries, which is set to boost the demand for industrial seals, positively influencing industry expansion. The seals are used for the reduction of moisture, dust, and heat in these battery systems.

The availability of substitute products may, however, create challenges for industrial seals market growth.  

Key Companies Deploy Portfolio Adjustments and Acquisitions as Major Strategies to Secure an Edge over Competitors

Pivotal players are emphasizing the development of products that cater to the requirements of several end-use industries. The launch of innovative solutions is anticipated to help industry players gain a strong footing in the global market. Acquisitions and portfolio adjustments are vital strategies adopted by market players to gain a competitive edge and increase their industrial seals market share. 

Key Players Profiled in the Report

• Freudenberg SE (Germany)
• Fenner Group Holdings Limited (Hallite Seals) (U.K.)
• Waukesha Bearings Corporation (U.S.)
• Hi-Tech Seals (U.S.)
• Tenneco Inc. (Federal-Mogul LLC) (U.S.)
• Spareage Sealing Solutions (India)
• AESSEAL (U.K.)
• The Timken Company (U.S.)
• SKF (AB SKF) (Sweden)
• Flowserve Corporation (U.S.)
• John Crane (Smiths Group plc.) (U.K.)
• Trelleborg AB (Sweden)
• EnPro Industries, Inc. (Garlock GmbH) (U.S.)
• Dover Corporation (Waukesha Bearings) (U.S.)
• SHV (ERIKS Group) (Netherlands)
• BELL D.O.O. (Slovenia)
• Carl Werthenbach Konstruktionsteile GmbH & Co. KG (Germany)
• Dickson Bearings & Transmissions Ltd (Ireland)
• Rea Hellas S.A. (Greece)
• Globseals Africa Limited (U.K.)

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/industry-reports/industrial-seals-market-101546

Key Industry Development

• February 2023 – Momentum Industrial, a subsidiary of the Momentum Group, announced its takeover of LocTech AB. The move would help the company in strengthening its industry position.

Further Report Findings

• The Asia Pacific market is touted to exhibit the highest growth rate over the projection period owing to rapid industrialization and the escalating demand for industrial seals across the oil & gas, petrochemical, and automotive industries. The region also depicts significant investments in the manufacturing sector in China and India in light of supportive government policies.
• The Europe market is anticipated to expand driven by increasing advancements in technology. These advancements support the development of industrial seals with enhanced performance.

Table of Segmentation