High Pressure Seal Market is projected to reach USD 11.5 Billion, registering a 6.7% CAGR from 2024 to 2034: Report by Transparency Market Research, Inc.
The rise in the high pressure seal market may be attributed mostly to the growing need for equipment safety due to stricter government regulations and more worker knowledge.
Wilmington, Delaware, United States, Transparency Market Research Inc. -, Aug. 28, 2024 (GLOBE NEWSWIRE) — The global high pressure seal market (고압 씰 시장) was projected to attain US$ 5.7 billion in 2023. It is likely to garner a 6.7% CAGR from 2024 to 2034, and by 2034, the
Global High Pressure Seal Market (Marché des joints haute pression): Key Players
Wellhead sealing technology and high pressure gaskets are being developed by prominent companies in the worldwide high pressure seal market to meet the increasing demand from industries including oil and gas, thermal power, and military.
The top companies use outsourcing, mergers and acquisitions, and regional growth as critical strategies to grow their product offerings and hold onto their supremacy in a changing market. The following companies are well-known participants in the global high pressure seal market:
- Flowserve Corporation
- SKF
- EagleBurgmann
- Parker Hannifin Corp
- UTEX INDUSTRIES INC.
- Guangzhou JST Seals Technology Co. Ltd
- OHI
- CDI Products
- Fluorten S.r.l.
- Leader Gasket
- John Crane
- AESSEAL
- James Walker
Key Developments
- A well-known player in the industrial pump market, Trelleborg Sealing Solutions, announced in July 2023 the introduction of the H2Pro line of sealing materials for use in all applications throughout the hydrogen value chain. The sealants product line is designed to provide high-pressure and high-temperature pumping solutions.
Global High Pressure Seal Market Segmentation
Material
- Metal
- Fluoroelastomers
- TPU
- HNBR
- PTFE
- Others
End-use Industry
- Oil & Gas
- Upstream
- Downstream
- Thermal Power Generation
- Gas Turbine
- Steam Turbine
- Hydropower
- Chemicals & Petrochemicals
- Aerospace & Defense
- Mining
- Manufacturing
- Pharmaceuticals
- Others
Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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