Polymer Seals

Global Polymer Seals Market Is Anticipated To Add 1.7x Times Value By 2031

Chemical & Materials

Polymer seals find wide application across industries such as transportation equipment, automotive, aircraft, railroad, machinery, marine, electronics, healthcare, oil & gas, and various others. Fluoro-rubber (FKM) and polytetrafluoroethylene (PTFE) are the most widely-used materials as far as polymer seals are concerned. Demand is especially high from sectors such as transportation equipment and oil & gas, and these two sectors are set to lead over the coming years as well.

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Key Takeaways from Market Study

 

  • The global polymer seals market is anticipated to add 1.7X times value by 2031.
  • Oil & gas end-use expected to capture highest share and is set to create US$ 5.5 Bn opportunity over the forecast period.
  • Hydraulic and pneumatic seals are the fastest-growing types, owing to rapid growth of inclusion in transportation equipment end use across the globe.
  • Europe is set to dominate market revenue in 2021 and is expected to gain 137 BPS in its market share by 2031.
  • The aftermarket sales channel is projected to create an absolute $ opportunity of US$ 2 Bn over the forecast period, but lose 173 BPS in its market share by 2031.
  • East Asia and South Asia & Oceania are key regional market expected to grow at a high pace over the long term and gain 227 BPS and 98 BPS, respectively, by 2031.
  • As far as countries are concerned, the market in Germany, China, and India is set to expand at over 7% CAGR, each, through 2031.
  • Due to the onset of COVID-19, the market saw a dismal growth rate of -2.6% in 2020.

Key Market Segments Covered in Report

  • Material
    • Polyurethane (PU) Polymer Seals
    • Acrylonitrile-butadiene-rubber (NBR) Polymer Seals
    • Fluoro-rubber (FKM) Polymer Seals
    • Polytetrafluoroethylene (PTFE) Polymer Seals
    • Other Material Types
  • Product
    • Hydraulic and Pneumatic Seals
    • Rotary Seals
    • Spring Energized Seals
  • End Use
    • Polymer Seals for Transportation Equipment
      • Automotive and Components
      • Aircraft and Components
      • Railroad Equipment
      • Marine Transportation and Components
    • Polymer Seals for Industrial Machinery and Equipment
    • Polymer Seals for Electronic Apparatus and Appliances
    • Polymer Seals for Healthcare
      • Medical devices and Component Manufacturing
      • Surgical tool manufacturing
    • Polymer Seals for Oil and Gas Extraction
    • Polymer Seals for Construction Infrastructure and Utilities
    • Polymer Seals for MRO, Other Manufacturing, and Assembly Cleaning Fluids
    • Polymer Seals for Perfumes & Fragrances
    • Others
  • Sales Channel
    • OEMs
    • After Market
  • Region
    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • Middle East & Africa

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