Polymer Seals Market Opportunity Assessment 2031Posted by Divakar on April 23rd, 2021 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. Shift in trade winds has been observed over the past-half decade where a number of industries have been opening production facilities in South Asia and East Asia. Low labour cost and effective incentives to shift the cost curves to lower side of production have attracted European manufacturers in setting up their plants in the region. European companies dealing in automotive, healthcare, equipment manufacturing, and others have created a strong footprint in developing nations. This is set to enhance demand for polymer seals in the region as they are widely used across these industries. As per Fact.MR analysis, the global polymer seals market is set to experience a healthy CAGR of close to 6% throughout the forecast period of 2021 to 2031. To remain ‘ahead’ of your competitors, request for a sample – https://www.factmr.com/connectus/sample?flag=S&rep_id=586 Key Takeaways from Market Study
“Rising spending in research & development to bring future growth possibilities for manufacturers from various end-use sectors,” says a Fact.MR analyst. Fragmented High Potential Market: Competition Tuning Factor Key manufacturers of polymer seals are Saint Gobain, SKF AB, Eriks NV, Trelleborg, Bal Seal, Meggit, Parker Hannifin, Advanced Seals & Gaskets Ltd., DLI Seals Ltd., Greene-Tweed, Herzog Dichtungen AG, SHS-Dichtungen-GmbH, Specialised Polymer Engineering Ltd., TRP Polymer Solutions Ltd., Chesterton, Carco, and Novotema. The market is fragmented with a number of manufacturers positioned in tier-2 and tier-3, aggregately capturing more than 75% of the market share. For critical insights on this market, request for Methodology here – https://www.factmr.com/connectus/sample?flag=RM&rep_id=586 Rising potential of polymer seals is set to create avenues for tier-2 and tier-3 players over the long-run forecast period. Moreover, ease of manufacturing polymer seals with minor technical barriers will encourage new players to enter this market space. More Valuable Insights Fact.MR, in its new offering, presents an unbiased analysis of the global polymer seals market, presenting historical demand data (2016-2020) and forecast statistics for the period of 2021-2031. The study divulges essential insights on the market on the basis of material (polyurethane, acrylonitrile-butadiene-rubber, fluoro-rubber, polytetrafluoroethylene, and other material types), product (hydraulic and pneumatic seals, rotary seals, and spring energised seals), end use (transportation equipment [automotive and components, aircraft and components, railroad equipment, marine transportation and components], industrial machinery and equipment, electronic apparatus and appliances, healthcare [medical devices and component manufacturing, surgical tool manufacturing], oil and gas extraction, construction infrastructure and utilities, MRO & other manufacturing and assembly), and sales channel (OEMs and aftermarket), across six major regions of the world (North America, Latin America. Europe, East Asia, South Asia & Oceania, and the Middle East & Africa). About Fact.MR Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner. Contact: Corporate Headquarter: Like it? Share it!More by this author |