Polymer Seal Market

Polymer Seal Market Analysis by Hydraulic & Pneumatic Seals, Rotary Seals, and Spring Energized Seals Sold by OEMs and in the Aftermarket from 2024 to 2034

Analysis of Polymer Seal Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Polymer Seal Market Outlook (2024 to 2034)

The global polymer seal market size is projected to reach US$ 12.43 billion in 2024 and at 5.4% CAGR over the next ten years (2024 to 2034). By the end of 2034, global polymer seal demand is forecasted to attain a market revenue of US$ 21.1 billion.

Polymer seals are used to prevent the movement of fluids through the joints and openings in materials. Polymer seals can be weak or strong, permanent or temporary, flexible or hard. Polymer seals are specifically designed for use in a wide range of rotating, hydraulic, and pneumatic equipment worldwide.

Polymer seals are used in a variety of industries, including automotive, aerospace, etc. Growing demand for hydraulic and pneumatic equipment, expanding shipbuilding industry, increasing investments in R&D of new sealants and polymer seals, and advancements in manufacturing technology are key factors augmenting polymer seal demand.

“Surging Use in Commercial and Defense Aerospace”

Low airfares and rapidly escalating tourism in Asia-Pacific and other regions are driving the aircraft industry's rapid growth across the globe. In North America, countries like the United States and Canada have leading aircraft manufacturers and OEMs which leads to favorable market conditions in those regions. Aircraft require aircraft seals to ensure proper functioning, which is predicted to be a key polymer seal trend in the long run.

Increased air travel, which is a result of the rising disposable income of people in many developing and developed countries throughout the world will play in favor of polymer seal companies going forward. Expansion of commercial air fleets and rising spending on defense by different countries are also slated to benefit polymer seal market development across the study period.

  • In March 2023, the United States government revealed its intentions to increase its annual defense spending budget in response to China’s hike for the same. As per officials of the United States government, the budget for the Pentagon in 2024 could be north of US$ 840 billion and cross the US$ 1 trillion threshold in the coming years.
Report Attributes Details
Polymer Seal Market Size (2024E) US$ 12.43 Billion
Projected Market Value (2034F) US$ 21.1 Billion
Global Market Growth Rate (2024 to 2034) 5.4% CAGR
Rotary Seal Sales (2024E) US$ 3.94 Billion
Demand Growth in India (2024 to 2034) 7.3% CAGR
Oil & Gas Extraction Application Market Share (2024E) 28.1%
Sales in France (2024E) US$ 796.5 Million
Key Companies Profiled
  • Saint Gobain
  • Chesterton
  • SKF AB
  • Advanced Seals & Gaskets Ltd.
  • Eriks NV
  • Bal Seal
  • Parker Hannifin
  • Trelleborg
  • DLI Seals Ltd.
  • Greene-Tweed
  • Meggit
  • Herzog Dichtungen AG
  • SHS-Dichtungen-GmbH
  • Novotema
  • Specialised Polymer Engineering Ltd.
  • TRP Polymer Solutions Ltd.
  • Carco

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What Challenges Will Polymer Seal Manufacturers Come Across?

“Imposition of New Regulations and Increasing Availability of Alternative Products”

Governments of different economies are implementing stringent mandates to ensure worker safety and sustainability compliance in the wake of climate change. The sealant & adhesive industry produces many harmful gases, affecting humans, animals, and plants, and by extension the entire ecosystem. Thus, governments of many countries are imposing strict laws for manufacturing polymer seals and their use.

Some countries have even banned certain products from being manufactured, so it’s difficult for a company to grow in that particular market. Meanwhile, some countries have imposed more taxes and tariffs on the import, export, and production of certain products and chemicals.

Availability of alternate products like butyl tape, which is sometimes used as an alternative by some consumers, is affecting the polymer seal market. Furthermore, numerous smaller consumers prepare their homemade butyl tape as a sealant; though it is not as effective as polymer seals, it still serves small consumers well.

Wood glues are also used as an alternative to sealants in many work areas. Apart from this, the growing use of superglue in different applications is also projected to inhibit market development in the future. All of the aforementioned factors could potentially negate the profits of polymer seal companies over the coming years.

Fact.MR, a market research and competitive intelligence provider, in this latest polymer seal market study report, gives a detailed analysis of the current and future polymer seal market trends such as local supply, pricing trends, product standards, safety regulations, and new developments.

Polymer Seal Market Size, Share and Sales Forecast Report by Fact.MR

Why are Polymer Seal Companies Thriving in Europe?

“Presence of Big Aviation and Automotive Giants in the Region”

Attribute Europe
Market Value (2024E) US$ 4.17 Billion
Growth Rate (2024 to 2034) 6% CAGR
Projected Value (2034F) US$ 7.5 Billion

Europe is home to major aviation companies such as Lufthansa, British Airways, Ryanair, Finnair, Air France, etc. along with automotive heavyweights such as Volkswagen, BMW, Audi, etc. Both the aerospace and automotive industries require polymer seals for the proper functioning of different systems and this is why polymer seal companies have good growth scope in European countries over the coming years.

Efforts to expand the automotive production capacity in Germany to meet soaring demand for vehicles around the world are estimated to increase sales of polymer seals through 2034. The United Kingdom, France, and Italy are other notable markets in this region that could give polymer seal manufacturers a chance to increase their polymer seal market share in the long run. Automotive polymer seals and aerospace polymer seals are set to be highly sought-after in Europe going forward.

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Country-wise Insights

Apart from investing in Europe, polymer seal suppliers should also focus on China, India, Japan, and the United States to promote overall market growth.

Why is China Seen as a Safe Haven for Polymer Seal Companies?

“Burgeoning Automotive Manufacturing Offering Lucrative Returns”

Attribute China
Market Value (2024E) US$ 1.48 Billion
Growth Rate (2024 to 2034) 7.4% CAGR
Projected Value (2034F) US$ 3.03 Billion

China has procured a top spot when it comes to automotive manufacturing, not just in the East Asian region but across the world. An abundance of raw materials and the availability of cheap labor are key prospects that attract automotive manufacturers to China. Growing demand for customized polymer seals in high-performance vehicles is estimated to bring polymer seal suppliers to China over the coming years.

Apart from this, rapid industrialization in the country and the growing use of polymer seals in the construction industry are also projected to benefit polymer seal market growth in the long run. Industrial polymer seals, polymer shaft seals, rubber polymer seals, and high-pressure polymer seals are estimated to be high in demand in China through 2034.

Will the United States Be an Investment-worthy Market for Polymer Seal Suppliers?

“Manufacturers to Benefit from High Spending on Defense and Commercial Aerospace”

Attribute United States
Market Value (2024E) US$ 2.09 Billion
Growth Rate (2024 to 2034) 3.7% CAGR
Projected Value (2034F) US$ 3.01 Billion

The United States has a defense spending budget bigger than any country in the world and this is projected to only get larger in the future. The high use of polymer seals in different defense applications is projected to offer a remunerative business scope for all polymer seal companies in the United States going forward. Apart from this, the growing use of polymer seals in the aerospace and construction industries is also estimated to favor polymer seal market growth in this country over the next ten years.

Category-wise Insights

Hydraulic polymer seals are projected to be most profitable for polymer seal manufacturers owing to their high demand from different industry verticals. Investing in the development and launch of polymer seals for the transportation industry is projected to pay off big time for market players in the long run.

Preference for Which Type of Polymer Seal is Higher?

“Hydraulic and Pneumatic Seals Account for Prominent Revenue Share”

Attribute Hydraulic & Pneumatic Seals
Segment Value (2024E) US$ 5.59 Billion
Growth Rate (2024 to 2034) 6% CAGR
Projected Value (2034F) US$ 10.1 Billion

Surging use of hydraulic/pneumatic equipment and components in different industry verticals allows hydraulic and pneumatic seals to account for a dominant polymer seal market share through 2034. Increasing use of hydraulics and pneumatics in vehicles, material handling equipment, aerospace components, and industrial machinery is also forecasted to complement growth in this segment over the next ten years and beyond.

Where Will Polymer Seals be Highly Sought After?

“Polymer Seal Use to Be High in Transportation Equipment”

Attribute Transportation Equipment
Segment Value (2024E) US$ 3.74 Billion
Growth Rate (2024 to 2034) 5% CAGR
Projected Value (2034F) US$ 6.11 Billion

Expanding world population and rising disposable income around the world have catalyzed the demand for different modes of transportation around the world. From surging sales of vehicles to an increasing number of air travelers, all are projected to favor shipments of polymer seals in the long run. Polymer seals play a crucial role in maintaining the overall functionality of almost all modes of transportation from vehicles to aircraft to ships thereby allowing the transportation segment to bring in the majority of revenue for polymer seal distributors.

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

Competitive Landscape

Polymer seal manufacturers are focusing on optimizing their manufacturing process by introducing new techniques and advanced technologies that allow them to increase their profit margins.

  • In May 2022, Morgan Polymer Seals, a renowned supplier of gaskets and rubber seals, announced the launch of a new inspecting system for its filter plate seal manufacturing. The Morgan Automated Gasket Inspection Control (MAGIC) is being utilized to inspect seals that are supplied to Volkswagen.

Key Segments of Polymer Seal Market Research

  • By Material :

    • Polyurethane (PU)
    • Acrylonitrile-butadiene-rubber (NBR)
    • Fluoro-rubber (FKM)
    • Polytetrafluoroethylene (PTFE)
    • Other Material Types
  • By Product Type :

    • Hydraulic & Pneumatic Seals
    • Rotary Seals
    • Spring Energized Seals
  • By End Use :

    • Transportation Equipment
      • Automotive & Components
      • Aircraft & Components
      • Railroad Equipment
      • Marine Transportation & Components
    • Industrial Machinery & Equipment
    • Electronic Apparatus & Appliances
    • Healthcare
      • Medical Devices & Component Manufacturing
      • Surgical Tool Manufacturing
    • Oil and Gas Extraction
    • Construction Infrastructure & Utilities
    • MRO, Other Manufacturing & Assembly Cleaning Fluids
    • Others
  • By Sales Channel :

    • OEMs
    • Aftermarket
  • By Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • Middle East & Africa

- FAQs -

How big is the polymer seal market in 2024?

The global polymer seal market is estimated to be valued at US$ 12.43 billion in 2024.

What is the outlook for the polymer seal industry?

Sales of polymer seals are forecasted to reach US$ 21.1 billion by 2034-end.

How fast will the sales of polymer seals rise in the future?

Demand for polymer seals is set to increase at 5.4% CAGR from 2024 to 2034.

Where will the demand for polymer seals be high?

Polymer seal sales in Europe are predicted to bring in a revenue of US$ 4.17 billion in 2024.

At what pace will rotary seal sales increase?

Rotary seal demand is projected to rise at 5.6% CAGR over the next ten years.

Who are the top polymer seal manufacturers?

Chesterton, SKF AB, Advanced Seals & Gaskets Ltd., Eriks NV, Bal Seal, and Parker Hannifin are leading companies manufacturing polymer seals.

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Polymer Seal Industry Analysis in East Asia

Study on Polymer Seals in East Asia by Hydraulic & Pneumatic Seals, Rotary Seals, and Spring Energized Seals from 2024 to 2034

Polymer Seal Industry Analysis in Europe

Study on Polymer Seals in Europe by Hydraulic & Pneumatic Seals, Rotary Seals, and Spring Energized Seals from 2024 to 2034

Polymer Seal Industry Analysis in North America

Study on Polymer Seals in North America by Hydraulic & Pneumatic Seals, Rotary Seals, and Spring Energized Seals from 2024 to 2034

Polymer Seal Market

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