The global pneumatic seal market was valued at USD 129.1 million in 2019 and is projected to reach USD 215.6 million by 2027, expanding at a CAGR of 6.7% during the forecast period. In terms of volume, the market is projected to expand at a CAGR of 5.4% during the forecast period. Pneumatic seals are used in pneumatic valves & cylinders and are usually designed for low operating pressures as opposed to hydraulic seals. Pneumatic applications require low friction seals and high operating speed than hydraulic applications. Pneumatic seals are extensively used in various commercial and industrial applications. Pneumatic valves and cylinders make use of these pneumatic seals for storing actuated gas or air under desired level of pressure. These seals are commonly seen in pneumatic devices that are used for reciprocating and rotary applications.
Pneumatic seals play a crucial role in ensuring efficient manufacturing processes. Automotive manufacturers are adopting industrial Internet of things (IIoT) systems to increase energy efficiency and monitor asset conditions. Thus, creating huge potential for pneumatics seals in the automotive industry.
Growing demand for pneumatic seals across the automotive sector is expected to propel the market growth during the forecast period. The automotive industry in Asia Pacific is growing rapidly, thus the demand for pneumatic seals is expected to increase in this region. Moreover, the unique advantages of pneumatic seals such as high temperature tolerance range, wear-resistance, and low friction are increasing their adoption across the globe. Furthermore, high preference for pneumatic equipment across the food processing industry, thus driving the market growth. For instance, the US Food and Drug Administration (FDA) guidelines encourage the use of pneumatic equipment in the food industry, as a part of the Food Safety Modernization Act.
Pneumatic seals are economical. However, every manufacturer looks for an option to save extra cost. Pneumatic seals technology is a matured technology, and hence the price of these devices is expected to decrease in the coming years.
Pneumatic seals are commonly powered by compressed air or compressed inert gases. The pressurized gas produces a mechanical motion. The manufacturing failure of pneumatic seals is a major challenge for the market growth. Moreover, increasing preference for hydraulic seals owing to their advantage, provides efficient leakage protection control, thus hindering the pneumatic seal market during the forecast period.
On the basis of types, the pneumatic seal market has been bifurcated into valve and cylinder. The valve segment held a significant share of the market in 2019 and is anticipated to expand at a substantial CAGR during the forecast period. The pneumatic valve controls the rate, pressure, and amount of air, as it transports through a pneumatic system. The segmental growth is attributed to the continuous development and innovation related to pneumatic valves across various end-user industries. Moreover, low pressure characteristic of pneumatic valves is propelling the segment.
Based on applications, the pneumatic seal market is divided into equipment manufacturing, automobile industry, shipping industry, and others. The equipment manufacturing segment held a considerable share of the market in 2019 and is anticipated to expand at a moderate CAGR during the forecast period. Pneumatic seals are used in equipment that involve high operating speeds. Moreover, oil and refinery equipment extensively use seals for various purposes. The material used for constructing pneumatic seals includes sintered bronze, cast iron, stainless steel, leather, and felt. These materials enhance the overall life of the pneumatic seal as they are highly durable. Hence, they are widely used to manufacture equipment on a large scale.
In terms of regions, the market has been segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific is projected to expand at a considerable CAGR during the forecast period. The region is the largest market, in terms of revenue generation, from the pneumatic seal. The region dominates the global market due to the dense presence of local pneumatic seal manufacturers across Asia Pacific.
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Additional company profiles can be provided on request.
Yes, the report covers product specific information such as valve and cylinder.
According to the Growth Market Reports report, the pneumatic seal market is likely to register a CAGR of 6.7% during forecast period 2020-2027, with an anticipated valuation of USD 215.6 million by the end of the 2027.
The report provides company market share analysis and volume data.
Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.
The growing demand for pneumatic seal for the various industries such as food, automotive, & shipping industry and increasing preference for pneumatic seal over its alternatives are the factors driving the market growth.
The market is expected to witness slow growth between 2019 and 2020 owing to the negative impact of COVID-19 pandemic on the Pneumatic Seal market.
The base year considered for the global Pneumatic Seal market report is 2019. The complete analysis period is 2017 to 2027, wherein, 2017 & 2018 are the historic years and the forecast is provided from 2020 to 2027.
The companies operating in the industries such as Equipment Manufacturing, Automobile Industry, and Shipping Industry are the key end-users driving the market growth.
Major Manufactures include Trelleborg, Freudenberg Sealing Technologies, Kastas Sealing Technologies, Hallite Seals International, and AB Seals.
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