Newark, NJ, May 16, 2022 (GLOBE NEWSWIRE) -- As per the report published by Fior Markets, The global metal seals market is expected to grow from USD 2.72 billion in 2019 to USD 4.04 billion by 2027, at a CAGR of 5.48% during the forecast period from 2020-2027. Metal seals are used where the use of polymer and elastomeric seals is not possible due to in the application requirements such as cryogenic conditions, high temperatures and pressures, chemical resistance, prevention of outgassing, radiation, and hard vacuum duty. Metal seals provides independent optimization of functional components means each discrete function including load, spring back, and outer sealing layer ductility/hardness can be optimized to ensure highest seal performance in every situation.
Get Free Sample Copy: https://www.fiormarkets.com/report-detail/411513/request-sample
With increase in urbanization and industrialization globally, there has been considerable rise in the number of machineries, automobiles, manufacturing plants, and various other mechanical instruments which use metal seals. This scenario is anticipated to boost the demand for metal seals market over the forecast period. In addition to this, rising use of metals seals in the aerospace industry, further propelling the growth of market. However, increasing use of alternative seals such as gland packing & seal-less pumps may limit the market growth in future.
The metal seals market has been segmented on the basis of type, application, and region. Type segment includes metal O-ring, metal E-ring, and metal C-ring. Metal O-ring segment held largest market share of 42.64% and valued at USD 1.16 billion in 2019. Metal O rings are a superior sealing method, these seals help to improve the capability in intense operations and used in many cases where elastomers don’t provide sufficient reliability for certain applications. Application segment includes military, oil & gas, power generation, aerospace, and others. Oil & gas segment held the largest market share of 32.88% in 2019, as oil & gas uses various metal seals for improve operational efficiency of machines. In addition to this, aerospace sector anticipated to grow at the CAGR of 5.62% over the forecast period. This is mainly due to rising usage of metal seals in various aerospace applications such as engine system, airframe, flight control & hydraulic system, and landing gear system. The market has been divided into North America, Europe, Asia-Pacific, South America and Middle East and Africa. Asia Pacific is held the largest market share in terms of consumption and production. China accounted for the major market share in the global as well as regional level and valued at USD 713.54 million in 2019.
The major companies for the global metal seals market are Parker-Hannifin Corporation, Garlock Sealing Technologies, VAT Vakuumventile AG, Jetseal, Inc., American Seal & Engineering Co., Inc., Calvo Sealing, S.L., CPI PRODYSOL, High Tech Metal Seals (HTMS), and APS Technology, Inc. among others.
In October 2018, Jetseal Inc. and Trelleborg Sealing Solutions announced the distribution agreement for advanced specialty metallic seals for aerospace sector in the European market.
Read Complete Report with TOC: https://www.fiormarkets.com/report/metal-seals-market-by-type-metal-o-ring-metal-411513.html
About the report:
The global metal seals market is analysed on the basis of value (USD Million). All the segments have been analyzed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, supply, demand analysis, competitor position grid analysis, distribution and marketing channels analysis.
For Instant Purchase: https://www.fiormarkets.com/checkout.html?reportid=411513&type=single
Customization of the Report:
The report can be customized as per client requirements. For further queries, you can contact us on sales@fiormarkets.com or +1-201-465-4211. Our executives will be pleased to understand your requirements and offer you the best-suited reports.
About Fior Markets
Fior Markets is a futuristic market intelligence company, helping customers flourish their business strategies and make better decisions using actionable intelligence. With transparent information pool, we meet clients’ objectives, commitments on high standard and targeting possible prospects for SWOT analysis and market research reports. Fior Markets deploys a wide range of regional and global market intelligence research reports including industries like technology, pharmaceutical, consumer goods, food and beverages, chemicals, media, materials and many others.
Contact Us
Avinash D
Head of Business Development
Phone: +1-201-465-4211
Email: sales@fiormarkets.com
Web: www.fiormarkets.com
To Read Top Industries Reports, Visit our Affiliated Website: https://www.marketquest.biz
Related Reports
Metal Casing Market - https://www.fiormarkets.com/report/metal-casing-market-by-product-stamping-mim-419564.html
Conductive Textiles Market - https://www.fiormarkets.com/report/conductive-textiles-market-by-product-woven-textiles-non-woven-419673.html
Eco Fibre Market - https://www.fiormarkets.com/report/eco-fibre-market-by-product-natural-manmade-artificial-recycled-419675.html
Epoxy Composites Market - https://www.fiormarkets.com/report/epoxy-composites-market-by-fiber-type-carbon-glass-419676.html
