Acrylonitrile-Butadiene-Rubber (NBR) Polymer Seals Market Is Anticipated to Add 1.7X times value by 2031
Acrylonitrile-Butadiene-Rubber (NBR) Polymer Seals Market Is Anticipated to Add 1.7X times value by 2031
Published by top news
Posted on August 5, 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.
As per Fact.MR analysis, the global sales of polymer seals are set to experience a healthy CAGR of close to 6% throughout the forecast period of 2021 to 2031.
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.
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.
Following Questions Answers Covered in the Report are:
How will the global Polymer Seals Market perform during the forecast period? What will be the market size in terms of value and volume?
Which segment will drive the global Polymer Seals Market? Which regional market will show extensive growth in the future? What are the reasons?
How will the market dynamics change because of the impact of future market opportunities, restraints, and drivers?
What are the key strategies adopted by players to sustain themselves in the global Polymer Seals Market?
How will these strategies influence the market growth and competition?
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 Us:
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. 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. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
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.
As per Fact.MR analysis, the global sales of polymer seals are set to experience a healthy CAGR of close to 6% throughout the forecast period of 2021 to 2031.
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.
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.
Following Questions Answers Covered in the Report are:
How will the global Polymer Seals Market perform during the forecast period? What will be the market size in terms of value and volume?
Which segment will drive the global Polymer Seals Market? Which regional market will show extensive growth in the future? What are the reasons?
How will the market dynamics change because of the impact of future market opportunities, restraints, and drivers?
What are the key strategies adopted by players to sustain themselves in the global Polymer Seals Market?
How will these strategies influence the market growth and competition?
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 Us:
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. 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. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
Contact:
US Sales Office: 11140 Rockville Pike Suite 400 Rockville, MD 20852 United States Tel: +1 (628) 251-1583
