Europe 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 Europe 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. According to the European Commission, the EU is among the biggest producers of motor vehicles across the world, and the sector represents the largest private investor in R&D. To enhance the competitiveness of the European automotive industry, the European Commission supports Europe technological harmonization and provides funding for R&D. The European automotive industry is considered the most technically advanced and innovative industry across the world. Owing to economic crises and political pressures, the reduction of fuel consumption and carbon dioxide emission has become a major agenda for automobile manufacturers. Reducing the weight of automobiles through better design and construction is considered the most favorable solution. As per the European Automobile Manufacturers Association, 18.5 million cars, trucks, vans, and buses are manufactured per year across the region. Automobile manufacturers operate approximately 226 vehicle assembly and production plants in the European Union. Also, The European high performance seals market is dominated by the presence of several manufacturers of high performance seals, such as AFT Fluorotec and Definox. The companies in the region are continuously looking forward to expanding and increasing their presence in the market by implementing various growth strategies.
In Europe, Russia 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 Europe countries, such as France, the UK, Spain, Italy, and Germany. 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 Europe is expected to grow from US$ 1,506.61 million in 2021 to US$ 1,919.89 million by 2028; it is estimated to grow at a CAGR of 3.5% from 2021 to 2028. High-performance seal materials have gained prominence as they are used against high-pressure gases and liquid chemicals to withstand mechanical deformation. With the expanding demand for effective sealing solutions, manufacturers are investing in the development of advanced products by emphasizing on research activities. For instance, the development of high-performance seals helps to utilize the combinations of a perfluoroelastomer (FFKM) to sustain temperature and chemical resistance and other improved sealing performance is one of the remarkable achievements in the high-performance seals market. To meet the needs of end-use industries, several manufacturers have come up with innovative and advanced product offerings. For instance, in November 2020, Freudenberg Sealing Technologies developed a series of high-performance seals for butterfly valves in collaboration with Definox. The France-based company, Definox, which is involved in the production of valves and stainless-steel equipment for the process industry, generated a need for advanced sealing solution to develop a new series of high-performance butterfly valves. Hence, Definox and Freudenberg Sealing Technologies integrated their expertise and materials to develop the 70 EPDM 291 O-rings to ensure that process plants could comply with hygiene requirements, industry-specific approvals, and resistance to CIP/SIP media. Such seals are extensively deployed in high-end applications of various sectors such as food & beverage, cosmetics, pharmaceutical, and animal feed. Thus, significant investments in new product innovations is expected to generate the demand for high-performance seals in diverse application base during the forecast period.
Key Market Segments
Based on product type, the hydraulic and fluid seals segment accounted for the largest share of the Europe high performance seals market in 2020. Based on end-use industry, the chemical segment accounted for the largest share of the Europe 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 Europe 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 AFT Fluorotec; ElringKlinger Kunststofftechnik GmbH; James Walker; PXL SEALS; Precision Polymer Engineering Limited and Trelleborg Sealing Solutions.
Reasons to buy report
- To understand the Europe high performance seals market landscape and identify market segments that are most likely to guarantee a strong return
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- Efficiently plan M&A and partnership deals in Europe high performance seals market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe high performance seals market
- Obtain market revenue forecast for market by various segments from 2019-2028 in Europe region.
Europe High Performance Seals Market Segmentation
Europe High Performance Seals Market -By Product Type
- Hydraulic and Fluid Seals
- Rotary Shaft Seals
- Spring Seals
- Oilfield Seals
- Pump Seals
- Others
Europe High Performance Seals Market -By End-Use Industry
- Oil and Gas
- Chemical
- Power Generation
- Aerospace and Defense
- Pharmaceutical
- Automotive
- Food and Beverage
- Others
Europe High Performance Seals Market – By Country
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
Europe High Performance Seals Market – Company Profiles
- AFT Fluorotec
- 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 Increase in Demand for High-Performance Seals from Automotive Industry
5.1.2 Advantages Offered by High-Performance Seals
5.2 Market Restraints
5.2.1 Availability of Substitutes and High Cost Associated with High-Performance Seals
5.3 Market Opportunities
5.3.1 Rise in the Application of High-Performance Seals in Power Generation Industry
5.4 Future Trends
5.4.1 Growing Investments in New Product Launches
5.5 Impact Analysis of Drivers and Restraints
6. High Performance Seals – Europe Market Analysis
6.1 High Performance Seals Market Overview
6.2 High Performance Seals Market –Revenue and Forecast to 2028 (US$ Million)
7. Europe High-Performance Seals Market Analysis – By Product Type
7.1 Overview
7.2 Europe 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: Europe High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
7.3.3 Wiper Seals
7.3.3.1 Wiper Seals: Europe High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
7.3.4 Piston Seals
7.3.4.1 Piston Seals: Europe High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
7.3.5 Rod Seals
7.3.5.1 Rod Seals: Europe High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
7.3.6 Buffer Seals
7.3.6.1 Buffer Seals: Europe High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
7.3.7 Others
7.3.7.1 Others: Europe 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: Europe High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
7.5 Spring Seals
7.5.1 Overview
7.5.2 Spring Seals: Europe High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
7.6 Oilfield Seals
7.6.1 Overview
7.6.2 Oilfield Seals: Europe High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
7.7 Pump Seals
7.7.1 Overview
7.7.2 Pump Seals: Europe High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
7.8 Others
7.8.1 Overview
7.8.2 Others: Europe High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
8. Europe High-Performance Seals Market Analysis – By End- Use-Industry
8.1 Overview
8.2 Europe 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: Europe High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
8.4 Chemical
8.4.1 Overview
8.4.2 Chemical: Europe 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. Europe High Performance Seals Market – Country Analysis
9.1 Europe: High performance seals Market
9.1.1 Europe: High performance seals Market, by Key Country
9.1.1.1 Germany: High performance seals Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Germany: High performance seals Market, by Product Type
9.1.1.1.2 Germany: High performance seals Market, by End-Use-Industry
9.1.1.2 France: High performance seals Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 France: High performance seals Market, by Product Type
9.1.1.2.2 France: High performance seals Market, by End-Use-Industry
9.1.1.3 Italy: High performance seals Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Italy: High performance seals Market, by Product Type
9.1.1.3.2 Italy: High performance seals Market, by End-Use-Industry
9.1.1.3.3 United Kingdom: High performance seals Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.4 United Kingdom: High performance seals Market, by Product Type
9.1.1.3.5 United Kingdom: High performance seals Market, by End-Use-Industry
9.1.1.4 Russia: High performance seals Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Russia: High performance seals Market, by Product Type
9.1.1.4.2 Russia: High performance seals Market, by End-Use-Industry
9.1.1.5 Rest of Europe: High performance seals Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.5.1 Rest of Europe: High performance seals Market, by Product Type
9.1.1.5.2 Rest of Europe: High performance seals Market, by End-Use-Industry
10. Overview- Impact of COVID-19 on Europe High Performance Seals Market
10.1 Impact of COVID-19 on High-Performance Seals Market
10.2 Europe: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Product Launch
11.3 Mergers & acquisition
12. Company Profiles
12.1 AFT Fluorotec
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 ElringKlinger Kunststofftechnik GmbH
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 SWOT Analysis
12.2.5 Key Developments
12.3 James Walker
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 PXL SEALS
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Precision Polymer Engineering Limited
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview (Financial details of the parent company)
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Trelleborg Sealing Solutions
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 roducts and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of TermsLIST OF TABLES
Table 1. Europe: High Performance Seals Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. Germany High performance seals Market, by Product Type – Revenue and Forecast to 2028 (USD Million)
Table 3. Germany High performance seals Market, by End-Use-Industry – Revenue and Forecast to 2028 (USD Million)
Table 4. France High performance seals Market, by Product Type – Revenue and Forecast to 2028 (USD Million)
Table 5. France High performance seals Market, by End-Use-Industry – Revenue and Forecast to 2028 (USD Million)
Table 6. Italy High performance seals Market, by Product Type – Revenue and Forecast to 2028 (USD Million)
Table 7. Italy High performance seals Market, by End-Use-Industry – Revenue and Forecast to 2028 (USD Million)
Table 8. United Kingdom High performance seals Market, by Product Type – Revenue and Forecast to 2028 (USD Million)
Table 9. United Kingdom High performance seals Market, by End-Use-Industry – Revenue and Forecast to 2028 (USD Million)
Table 10. Russia High performance seals Market, by Product Type – Revenue and Forecast to 2028 (USD Million)
Table 11. Russia High performance seals Market, by End-Use-Industry – Revenue and Forecast to 2028 (USD Million)
Table 12. Rest of Europe High performance seals Market, by Product Type – Revenue and Forecast to 2028 (USD Million)
Table 13. Rest of Europe 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. Europe High Performance Seals Market Overview
Figure 4. Chemical Segment Held Largest Share of Europe High Performance Seals Market
Figure 5. Germany Held Largest Share of Europe High Performance Seals Market
Figure 6. Europe 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. Europe: High Performance Seals Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Europe High-Performance Seals Market Breakdown, By Product Type, 2020 & 2028 (%)
Figure 13. Hydraulic And Fluid Seals: Europe High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
Figure 14. Wiper Seals: Europe High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
Figure 15. Piston Seals: Europe High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
Figure 16. Rod Seals: Europe High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
Figure 17. Buffer Seals: Europe High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
Figure 18. Others: Europe High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
Figure 19. Rotary Shaft Seals: Europe High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
Figure 20. Spring Seals: Europe High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
Figure 21. Oilfield Seals: Europe High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
Figure 22. Pump Seals: Europe High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
Figure 23. Others: Europe High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
Figure 24. Europe High-Performance Seals Market Breakdown, by End-Use Industry, 2020 & 2028 (%)
Figure 25. Oil and Gas: Europe High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
Figure 26. Chemical: Europe 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. Europe: High-Performance Seals Market, by Key Country – Revenue (2020) (USD Million)
Figure 34. Europe: High performance seals Market Revenue Share, by Key Country (2020 and 2028)
Figure 35. Germany: High performance seals Market –Revenue and Forecast to 2028 (US$ Million)
Figure 36. France: High performance seals Market –Revenue and Forecast to 2028 (US$ Million)
Figure 37. Italy: High performance seals Market –Revenue and Forecast to 2028 (US$ Million)
Figure 38. United Kingdom: High performance seals Market –Revenue and Forecast to 2028 (US$ Million)
Figure 39. Russia: High performance seals Market –Revenue and Forecast to 2028 (US$ Million)
Figure 40. Rest of Europe: High performance seals Market –Revenue and Forecast to 2028 (US$ Million)
Figure 41. Impact of COVID-19 Pandemic in Europe- AFT Fluorotec
- ElringKlinger Kunststofftechnik GmbH
- James Walker
- PXL SEALS
- Precision Polymer Engineering Limited
- Trelleborg Sealing Solutions
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