The ‘Global Axial and Radial Seals Market Size, Demand, Trends, Growth, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global axial and radial seals market, assessing the market on the basis of its segments like raw materials, types, styles, applications, and major regions.
Axial and Radial Seals Market Size, Share, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2023-2028): 4.6%
There is an increasing application of axial seals in bore, plug, cap, and piston applications. They are widely used in machine building and powertrain technologies in applications such as construction machinery, electric motors, washing machines, pumps, gearboxes, and roller-bearing housings, among others.
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The axial and radial seals market is being aided by the surging applications of the products in the oil and gas sector. Axial and radial seals with superior pump rates, excellent coating, robust design, and compliance with international standards are ideal for both offshore and onshore drilling.
Radial seals find wide usage in various industrial applications to protect rotating equipment and eliminate contamination in critical bearings. They are also clamped to housing for sealing lip running, and are used in secondary seals in applications in which primary seals can be exposed to liquid or solid pollutants.
Axial and Radial Seals Industry Definition and Major Segments
Axial and radial seals are static seals that are used in various industrial applications. While axial seals are used in applications subjected to solid or fluid contaminants, radial seals are designed for usage in managing applications that have high pressures and rough finish. Moreover, in axial seals, compression is applied to both the bottom and the top of the seals’ cross sections; compression in radial seals is applied to inside and outside diameters.
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By raw material, the market is segmented into:
- Polyurethane (PU)
- Polytetrafluoroethylene (PTFE)
The various types of the product in the market are:
- Axial Seals
- Track Pin Seals
- Axial Clamp Seal
- V Ring Seals
- Metal Face Seal
- Radial Seals
The market, on the basis of style, is categorised into:
- O Ring
- Mechanical Seal
Based on application, the market is divided into:
- Aerospace and Defence
The major regional markets of axial and radial seals include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Axial seals, in combination with rotary shaft seals, are used to offer reliable protection against grease, dirt, or fluid. The product is also utilised to provide an excellent sealing effect in agricultural machinery, washing machines, transmission pumps, and machine tools.
Other benefits such as lower installation width, durability, and reduced friction are boosting their usage in industrial applications requiring low ownership costs and stringent safety standards. In addition, axial seals are also utilised to protect the interior space of housing against dust, dirt, and spray water.
Some of the significant axial and radial seals market trends include the surging focus on optimising movement machines and the robust growth of energy and power, food and beverage, mining, aerospace, and construction sectors, among others.
Key Market Players
The major players in the axial and radial seals market report are Carl Hirschmann, Inc., AB SKF, Morgan Advanced Materials, Freudenberg FST GmbH, Jetseal, Inc., and Fematics Canada, Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.
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