Asia Pacific High Performance Seals Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Hydraulic and Fluid Seals, Rotary Shaft Seals, Spring Seals, Oilfield Seals, Pump Seals, and Others) and End-Use Industry (Oil and Gas, Chemical, Power Generation, Aerospace and Defense, Pharmaceutical, Automotive, Food and Beverage, and Others)
Market Introduction
The Asia Pacific high performance seals market is a highly fragmented market with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena. the high performance seals are extensively used in the automotive industry for air conditioning systems, batteries, braking systems, drivetrain and transmission, electronic control units, fuel systems, ride control systems, etc. As they are insensitive to extremely high temperatures, the automotive sector prefers to utilize these seals. This is critical as cars can become quite hot, especially when driven over long distances. High performance seals have a critical impact on system performance in many applications. Factors such as speeds, temperatures, pressures, lubricants, and other application operating conditions can greatly impact seal life. Utilization of the right seal helps improve machine performance, optimize operations, and lower a machine’s total ownership cost. Automotive manufacturers demand new and innovative high-performance material to be used in automotive components. The automotive industry is witnessing monumental transformation across the region owing to rapid urbanization, rise in disposable income, and shift in consumer lifestyle. Further, the positive impact of improvements in manufacturing capabilities in developing economies, and incorporation of advanced technology are among the factors bolstering the demand for passenger and commercial vehicles. The high-performance seals are extensively used in various automotive applications such as air conditioning systems, vehicle batteries, braking systems, electronic control units, fuel systems, and ride control systems. Therefore, the rising sales of vehicles drive the demand for high-performance seals material used in automotive components.
In Asia Pacific, India reported a huge number of COVID-19 cases, which led to the discontinuation of high performance seals manufacturing activities. The downfall of other chemicals and materials manufacturing sectors had negatively impacted the demand for high performance seals during the early months of 2020. However, the economies are planning to revive their operations. This has led to the reopening of the high performance seals manufacturing projects. A similar trend was witnessed in many Asia Pacific countries, such as Japan, China, and Australia. With the economic activities regaining their pace, the high performance seals market in the region is expected to recover from the loss of 2020.
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Market Overview and Dynamics
The high performance seals market in Asia Pacific is expected to grow from US$ 3,655.82 million in 2021 to US$ 4,906.06 million by 2028; it is estimated to grow at a CAGR of 4.3% from 2021 to 2028. Power generation, which generates electricity with the help of fossil fuel or renewable sources, suffers a threat from man-made and environmental contaminants. If these contaminants enter the system, they can damage or distort the functioning of an equipment to maximum capability. Hence, high-performance seals sustain in high-pressure and temperature conditions along with thermal cycling and resistance toward vibration. Hence, their use increases the life span of an equipment. By deploying the high-performance pump seals in the structures, the performance of the equipment was enhanced, which minimized the need for maintenance and problems arising from unplanned pump shutdowns were also eliminated. In coal-fired power plants, the use of seals is growing across several processes and is influenced by factors such as extreme conditions, vibration from pump shaft misalignment, and quality of the pumped fluids. Similarly, in the wind energy sector, the installation of wind turbines has increased across the region. These turbines are often stationed at remote places, from mountaintops to offshore locations. Therefore, the sector generates the need for high operation and maintenance associated with turbines. The use of high-performance seals helps protect against the external environment and safeguards main bearings and gearbox components. Along with this, such seals eliminate the contamination and prevents lubricants escaping into the environment. With the rise in demand for advanced solutions, the need for light, compact, versatile, and high-performance seals have risen.
Key Market Segments
Based on product type, the hydraulic and fluid seals segment accounted for the largest share of the Asia Pacific high performance seals market in 2020. Based on end-use industry, the chemical segment accounted for the largest share of the Asia Pacific high performance seals market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the Asia Pacific high performance seals market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report include ElringKlinger Kunststofftechnik GmbH; James Walker; PXL SEALS; Precision Polymer Engineering Limited and Trelleborg Sealing Solutions.
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- To understand the Asia Pacific high performance seals market landscape and identify market segments that are most likely to guarantee a strong return
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- Obtain market revenue forecast for market by various segments from 2019-2028 in Asia Pacific region.
Asia Pacific High Performance Seals Market Segmentation
Asia Pacific High Performance Seals Market -By Product Type
- Hydraulic and Fluid Seals
- Rotary Shaft Seals
- Spring Seals
- Oilfield Seals
- Pump Seals
- Others
Asia Pacific High Performance Seals Market -By End-Use Industry
- Oil and Gas
- Chemical
- Power Generation
- Aerospace and Defense
- Pharmaceutical
- Automotive
- Food and Beverage
- Others
Asia Pacific High Performance Seals Market – By Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
Asia Pacific High Performance Seals Market – Company Profiles
- ElringKlinger Kunststofftechnik GmbH
- James Walker
- PXL SEALS
- Precision Polymer Engineering Limited
- Trelleborg Sealing Solutions
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. High Performance Seals Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of Substitutes
4.2.4 Threat of New Entrants
4.2.5 Intensity of Competitive Rivalry
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. High Performance Seals Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Heightening Demand for High-Performance Seals from Automotive Industry
5.1.2 Benefits Associated with High-Performance Seals
5.2 Market Restraints
5.2.1 Presence of Substitutes together with High Cost Associated with High-Performance Seals
5.3 Market Opportunities
5.3.1 Incrementing Usage of High-Performance Seals in Power Generation Industry
5.4 Future Trends
5.4.1 Several Investments Made in New Product Launches
5.5 Impact Analysis of Drivers and Restraints
6. High Performance Seals – Asia Pacific Market Analysis
6.1 High Performance Seals Market Overview
6.2 High Performance Seals Market –Revenue and Forecast to 2028 (US$ Million)
7. Asia Pacific High-Performance Seals Market Analysis – By Product Type
7.1 Overview
7.2 Asia Pacific High-Performance Seals Market Breakdown, by Product Type, 2020 & 2028
7.3 Hydraulic And Fluid Seals
7.3.1 Overview
7.3.2 Hydraulic and Fluid Seals: Asia Pacific High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
7.3.3 Wiper Seals
7.3.3.1 Wiper Seals: Asia Pacific High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
7.3.4 Piston Seals
7.3.4.1 Piston Seals: Asia Pacific High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
7.3.5 Rod Seals
7.3.5.1 Rod Seals: Asia Pacific High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
7.3.6 Buffer Seals
7.3.6.1 Buffer Seals: Asia Pacific High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
7.3.7 Others
7.3.7.1 Others: Asia Pacific High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
7.4 Rotary Shaft Seals
7.4.1 Overview
7.4.2 Rotary Shaft Seals: Asia Pacific High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
7.5 Spring Seals
7.5.1 Overview
7.5.2 Spring Seals: Asia Pacific High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
7.6 Oilfield Seals
7.6.1 Overview
7.6.2 Oilfield Seals: Asia Pacific High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
7.7 Pump Seals
7.7.1 Overview
7.7.2 Pump Seals: Asia Pacific High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
7.8 Others
7.8.1 Overview
7.8.2 Others: Asia Pacific High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
8. Asia Pacific High-Performance Seals Market Analysis – By End- Use-Industry
8.1 Overview
8.2 Asia Pacific High-Performance Seals Market Breakdown, by end use industry, 2020 & 2028
8.3 Oil and Gas
8.3.1 Overview
8.3.2 Oil and Gas: Asia Pacific High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
8.4 Chemical
8.4.1 Overview
8.4.2 Chemical: Asia Pacific High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
8.5 Power Generation
8.5.1 Overview
8.5.2 Power Generation: High-Performance Seals Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Aerospace and Defense
8.6.1 Overview
8.6.2 Aerospace and Defense: High-Performance Seals Market – Revenue, and Forecast to 2028 (US$ Mn)
8.7 Pharmaceutical
8.7.1 Overview
8.7.2 Pharmaceutical: High-Performance Seals Market – Revenue, and Forecast to 2028 (US$ Mn)
8.8 Automotive
8.8.1 Overview
8.8.2 Automotive: High-Performance Seals Market – Revenue, and Forecast to 2028 (US$ Mn)
8.9 Food and Beverage
8.9.1 Overview
8.9.2 Food and Beverage: High-Performance Seals Market – Revenue, and Forecast to 2028 (US$ Mn)
8.10 Others
8.10.1 Overview
8.10.2 Others: High-Performance Seals Market – Revenue, and Forecast to 2028 (US$ Mn)
9. Asia Pacific High Performance Seals Market – Country Analysis
9.1 Asia Pacific: High performance seals Market
9.1.1 Asia Pacific: High performance seals Market, by Key Country
9.1.1.1 Australia: High performance seals Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Australia: High performance seals Market, by Product Type
9.1.1.1.2 Australia: High performance seals Market, by End-Use-Industry
9.1.1.2 China: High performance seals Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 China: High performance seals Market, by Product Type
9.1.1.2.2 China: High performance seals Market, by End-Use-Industry
9.1.1.3 India: High performance seals Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 India: High performance seals Market, by Product Type
9.1.1.3.2 India: High Performance Seals Market, by End-Use-Industry
9.1.1.4 Japan: High Performance Seals Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Japan: High performance seals Market, by Product Type
9.1.1.4.2 Japan: High Performance Seals Market, by End-Use-Industry
9.1.1.5 South Korea: High Performance Seals Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.5.1 South Korea: High Performance Seals Market, by Product Type
9.1.1.5.2 South Korea: High Performance Seals Market, by End-Use-Industry
9.1.1.6 Rest of Asia Pacific: High Performance Seals Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.6.1 Rest of Asia Pacific: High Performance Seals Market, by Product Type
9.1.1.6.2 Rest of Asia Pacific: High Performance Seals Market, by End-Use-Industry
10. Overview- Impact of COVID-19 on Asia Pacific High Performance Seals Market
10.1 Impact of COVID-19 on High-Performance Seals Market
10.2 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Product Launch
12. Company Profiles
12.1 ElringKlinger Kunststofftechnik GmbH
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 SWOT Analysis
12.1.5 Key Developments
12.2 James Walker
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 PXL SEALS
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Precision Polymer Engineering Limited
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview (Financial details of the parent company)
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Trelleborg Sealing Solutions
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of TermsLIST OF TABLES
Table 1. Asia Pacific: High Performance Seals Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. Australia High performance seals Market, by Product Type – Revenue and Forecast to 2028 (USD Million)
Table 3. Australia High performance seals Market, by End-Use-Industry – Revenue and Forecast to 2028 (USD Million)
Table 4. China High performance seals Market, by Product Type – Revenue and Forecast to 2028 (USD Million)
Table 5. China High performance seals Market, by End-Use-Industry – Revenue and Forecast to 2028 (USD Million)
Table 6. India High performance seals Market, by Product Type – Revenue and Forecast to 2028 (USD Million)
Table 7. India High Performance Seals Market, by End-Use-Industry – Revenue and Forecast to 2028 (USD Million)
Table 8. Japan High performance seals Market, by Product Type – Revenue and Forecast to 2028 (USD Million)
Table 9. Japan High Performance Seals Market, by End-Use-Industry – Revenue and Forecast to 2028 (USD Million)
Table 10. South Korea High Performance Seals Market, by Product Type – Revenue and Forecast to 2028 (USD Million)
Table 11. South Korea High Performance Seals Market, by End-Use-Industry – Revenue and Forecast to 2028 (USD Million)
Table 12. Rest of Asia Pacific High Performance Seals Market, by Product Type – Revenue and Forecast to 2028 (USD Million)
Table 13. Rest of Asia Pacific High Performance Seals Market, by End-Use-Industry – Revenue and Forecast to 2028 (USD Million)
Table 14. Glossary of Terms, High Performance Seals MarketLIST OF FIGURES
Figure 1. High Performance Seals Market Segmentation
Figure 2. High Performance Seals Market Segmentation – By Country
Figure 3. Asia Pacific High Performance Seals Market Overview
Figure 4. Chemical Segment Held Largest Share of Asia Pacific High Performance Seals Market
Figure 5. China Held Largest Share of Asia Pacific High Performance Seals Market
Figure 6. Asia Pacific High Performance Seals Market, Industry Landscape
Figure 7. Porter ‘s Five Forces Analysis for High-Performance Seals Market
Figure 8. High-Performance Seals Market– Ecosystem Analysis
Figure 9. Expert Opinion
Figure 10. High-Performance Seals Market Impact Analysis of Drivers and Restraints
Figure 11. Asia Pacific: High Performance Seals Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Asia Pacific High-Performance Seals Market Breakdown, By Product Type, 2020 & 2028 (%)
Figure 13. Hydraulic and Fluid Seals: Asia Pacific High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
Figure 14. Wiper Seals: Asia Pacific High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
Figure 15. Piston Seals: Asia Pacific High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
Figure 16. Rod Seals: Asia Pacific High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
Figure 17. Buffer Seals: Asia Pacific High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
Figure 18. Others: Asia Pacific High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
Figure 19. Rotary Shaft Seals: Asia Pacific High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
Figure 20. Spring Seals: Asia Pacific High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
Figure 21. Oilfield Seals: Asia Pacific High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
Figure 22. Pump Seals: Asia Pacific High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
Figure 23. Others: Asia Pacific High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
Figure 24. Asia Pacific High-Performance Seals Market Breakdown, by End Use Industry, 2020 & 2028 (%)
Figure 25. Oil and Gas: Asia Pacific High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
Figure 26. Chemical: Asia Pacific High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
Figure 27. Power Generation: High-Performance Seals Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Aerospace and Defense: High-Performance Seals Market – Revenue, and Forecast to 2028 (US$ Mn)
Figure 29. Pharmaceutical: High-Performance Seals Market – Revenue, and Forecast to 2028 (US$ Mn)
Figure 30. Automotive: High-Performance Seals Market – Revenue, and Forecast to 2028 (US$ Mn)
Figure 31. Food and Beverage: High-Performance Seals Market – Revenue, and Forecast to 2028 (US$ Mn)
Figure 32. Others: High-Performance Seals Market – Revenue, and Forecast to 2028 (US$ Mn)
Figure 33. Asia Pacific: High-Performance Seals Market, by Key Country – Revenue (2020) (USD Million)
Figure 34. Asia Pacific: High performance seals Market Revenue Share, by Key Country (2020 and 2028)
Figure 35. Australia: High performance seals Market –Revenue and Forecast to 2028 (US$ Million)
Figure 36. China: High performance seals Market –Revenue and Forecast to 2028 (US$ Million)
Figure 37. India: High performance seals Market –Revenue and Forecast to 2028 (US$ Million)
Figure 38. Japan: High Performance Seals Market –Revenue and Forecast to 2028 (US$ Million)
Figure 39. South Korea: High Performance Seals Market –Revenue and Forecast to 2028 (US$ Million)
Figure 40. Rest of Asia Pacific: High Performance Seals Market –Revenue and Forecast to 2028 (US$ Million)
Figure 41. Impact of COVID-19 Pandemic in Asia Pacific- ElringKlinger Kunststofftechnik GmbH
- James Walker
- PXL SEALS
- Precision Polymer Engineering Limited
- Trelleborg Sealing Solutions
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific high performance seals market.
- Highlights key business priorities in order to assist companies to realign their business strategies
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- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the Asia Pacific high performance seals market, as well as those hindering it
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