The Global
High Pressure Seals Market was valued at USD 3.45 Billion in 2015 and is
projected to reach USD 4.84 Billion by 2021, at a CAGR of 6.6% between 2016 and
2021. The market is projected to reach USD 6.99 Billion by 2026, at a CAGR of
7.1% between 2016 and 2026.
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High pressure seals find usage in industries,
such as oil & gas, chemical & petrochemical, mining, pharmaceutical,
and manufacturing. The oil & gas industry accounted for the largest share
of the overall high-pressure seals market and is expected to continue doing so
throughout the forecast period. High pressure seals serve the oil & gas
industry in upstream, midstream, and downstream segments. Seals in oil &
gas industry are used in pipe couplings, valves, compressors, and hydraulic
pumps.
New product launch was the key strategy adopted by major
players to achieve growth in the global high pressure seals market between 2012
and 2016. This strategy accounted for the major share of all development
strategies adopted from 2012 to 2016. Some of the major market players are John
Crane (U.S.), EagleBurgmann Germany GmbH & Co Kg (Germany), Flowserve Corp.
(U.S.), AES Corporation (U.S.), Garlock Sealing Technologies LLC (U.S.), Svenska
Kullagerfabriken AB (Sweden), James Walker & Co (U.K.), Parker Hannifin
Corporation (U.S.), EKATO Corporation (U.S.), Saint-Gobain S.A. (France), and
EI du Pont de Nemours & Co (U.S.) among others.
Besides new product launch, expansion, agreement, and contract
were the other key strategies adopted by market players to enhance their market
share and expand their geographical reach.
John Crane has launched the O-ring pusher seal 48VBF for high
temperature pumps. This seal helps in reducing costs as it does not need a
cooling water system to operate. New product launch and expansion are the key
strategies adopted by John Crane to target potential customers. A strong focus
on R&D has resulted in the launching of new products, such as Aura 220 Gas
Seal for high pressure and high temperature, O-ring pusher seal 48VBF for high
temperature pumps, and 3740XL split mechanical seal for power generation
plants, wastewater plants, desalination, pulp & paper, and mines. The
company opened a seal manufacturing facility and a customer service center in
Tianjin, China in 2014. The aim behind this expansion is to provide
manufacturing, repair, and service capabilities to the local customers.
In June 2015, Flowserve Corporation launched a number of
mechanical seals at the ACHEMA trade fair in Frankfurt, Germany. The seals
launched include ISC2 Series cartridge seals, M Series mixer seals, and Gaspac
dry gas seals. The company has earlier launched two products, Logix 420 digital
positioner and Valtek GS globe control valve, in December 2013. These two
products deliver high flow capacity that enhances the durability of the
product. Flowserve Corporation signed an agreement with Advanced Diamond
Technologies, Inc. to provide diamond coated hard faces for mechanical seals manufactured
by Advanced Diamond. The company focuses on supporting Advanced Diamond to
increase its efficiency for demanding applications of mechanical seals in the
oil & gas industry.
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USA: 1-888-600-6441
sales@marketsandmarkets.com
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