South America 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 South America 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. Automotive manufacturers demand new and innovative high-performance material to be used in automotive components. The automotive industry is witnessing monumental transformation across the world 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. The high-performance seals withstand high temperatures in long-distance driving. Also, the imposition of strict carbon emissions regulations motivate manufacturers to comply with specifications to help minimize emissions and risk of unexpected downtime, which has further promoted the demand for such seals. Hence, the demand for high-performance seals by automotive industry is rising, which propels the market growth.
In South America, Brazil 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 South America countries, such as Argentina, Colombia, Peru, Chile, and Ecuador. With the economic activities regaining their pace, the high performance seals market in the region is expected to recover from the loss of 2020.
Get more information on this report :
Market Overview and Dynamics
The high performance seals market in South America is expected to grow from US$ 212.12 million in 2021 to US$ 267.60 million by 2028; it is estimated to grow at a CAGR of 3.4% 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. Definox, is involved in the production of valves and stainless-steel equipment for the process industry. It 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 are 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 South America high performance seals market in 2020. Based on end-use industry, the chemical segment accounted for the largest share of the South America 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 South America 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.
Reasons to buy report
- To understand the South America high performance seals market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for South America high performance seals market
- Efficiently plan M&A and partnership deals in South America 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 South America high performance seals market
- Obtain market revenue forecast for market by various segments from 2019-2028 in South America region.
South America High Performance Seals Market Segmentation
South America High Performance Seals Market -By Product Type
- Hydraulic and Fluid Seals
- Rotary Shaft Seals
- Spring Seals
- Oilfield Seals
- Pump Seals
- Others
South America High Performance Seals Market -By End-Use Industry
- Oil and Gas
- Chemical
- Power Generation
- Aerospace and Defense
- Pharmaceutical
- Automotive
- Food and Beverage
- Others
South America High Performance Seals Market – By Country
- Brazil
- Argentina
- Rest of South America
South America 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 An Upsurge in the Need for High-Performance Seals from Automotive Industry
5.1.2 Benefits Offered by High-Performance Seals
5.2 Market Restraints
5.2.1 Wide Scale Availability of Substitutes along with High Cost of High-Performance Seals
5.3 Market Opportunities
5.3.1 Incrementing Use of High-Performance Seals in Power Generation Industry
5.4 Future Trends
5.4.1 Remarkable Investments in New Product Launches
5.5 Impact Analysis of Drivers and Restraints
6. High Performance Seals – South America Market Analysis
6.1 High Performance Seals Market Overview
6.2 High Performance Seals Market –Revenue and Forecast to 2028 (US$ Million)
7. South America High-Performance Seals Market Analysis – By Product Type
7.1 Overview
7.2 South America 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: South America High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
7.3.3 Wiper Seals
7.3.3.1 Wiper Seals: South America High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
7.3.4 Piston Seals
7.3.4.1 Piston Seals: South America High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
7.3.5 Rod Seals
7.3.5.1 Rod Seals: South America High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
7.3.6 Buffer Seals
7.3.6.1 Buffer Seals: South America High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
7.3.7 Others
7.3.7.1 Others: South America 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: South America High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
7.5 Spring Seals
7.5.1 Overview
7.5.2 Spring Seals: South America High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
7.6 Oilfield Seals
7.6.1 Overview
7.6.2 Oilfield Seals: South America High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
7.7 Pump Seals
7.7.1 Overview
7.7.2 Pump Seals: South America High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
7.8 Others
7.8.1 Overview
7.8.2 Others: South America High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
8. South America High-Performance Seals Market Analysis – By End- Use-Industry
8.1 Overview
8.2 South America 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: South America High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
8.4 Chemical
8.4.1 Overview
8.4.2 Chemical: South America 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. South America High Performance Seals Market – Country Analysis
9.1 South America: High performance seals Market
9.1.1 South America: High performance seals Market, by Key Country
10. Overview- Impact of COVID-19 on South America High Performance Seals Market
10.1 Impact of COVID-19 on High-Performance Seals Market
10.2 South and Central America: 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. South America: High Performance Seals Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. Brazil High Performance Seals Market, by Product Type – Revenue and Forecast to 2028 (USD Million)
Table 3. Brazil High Performance Seals Market, by End-Use-Industry – Revenue and Forecast to 2028 (USD Million)
Table 4. Argentina High Performance Seals Market, by Product Type – Revenue and Forecast to 2028 (USD Million)
Table 5. Argentina High Performance Seals Market, by End-Use-Industry – Revenue and Forecast to 2028 (USD Million)
Table 6. Rest of South America High Performance Seals Market, by Product Type – Revenue and Forecast to 2028 (USD Million)
Table 7. Rest of South America High Performance Seals Market, by End-Use-Industry – Revenue and Forecast to 2028 (USD Million)
Table 8. 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. South America High Performance Seals Market Overview
Figure 4. Chemical Segment Held Largest Share of South America High Performance Seals Market
Figure 5. Brazil Held Largest Share of South America High Performance Seals Market
Figure 6. South America 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. South America: High Performance Seals Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. South America High-Performance Seals Market Breakdown, By Product Type, 2020 & 2028 (%)
Figure 13. Hydraulic and Fluid Seals: South America High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
Figure 14. Wiper Seals: South America High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
Figure 15. Piston Seals: South America High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
Figure 16. Rod Seals: South America High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
Figure 17. Buffer Seals: South America High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
Figure 18. Others: South America High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
Figure 19. Rotary Shaft Seals: South America High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
Figure 20. Spring Seals: South America High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
Figure 21. Oilfield Seals: South America High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
Figure 22. Pump Seals: South America High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
Figure 23. Others: South America High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
Figure 24. South America High-Performance Seals Market Breakdown, by End Use Industry, 2020 & 2028 (%)
Figure 25. Oil and Gas: South America High-Performance Seals Market, Revenue and Forecast to 2028 (US$ Million)
Figure 26. Chemical: South America 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. South America: High-Performance Seals Market, by Key Country – Revenue (2020) (USD Million)
Figure 34. South America: High performance seals Market Revenue Share, by Key Country (2020 and 2028)
Figure 35. Brazil: High performance seals Market –Revenue and Forecast to 2028 (US$ Million)
Figure 36. Argentina: High Performance Seals Market –Revenue and Forecast to 2028 (US$ Million)
Figure 37. Rest of South America: High Performance Seals Market –Revenue and Forecast to 2028 (US$ Million)
Figure 38. Impact of COVID-19 Pandemic in South and Central Americ- 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 South America high performance seals market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the South America high performance seals market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth South America market trends and outlook coupled with the factors driving the South America high performance seals market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution