The Global Oil-Sealed Seals Market size is forecast to grow at a CAGR of 4.5% from 2021-2028, with the major growth drivers being rising demand for sealing solutions in OEMs and aftermarket segments. The market size in terms of revenue was over USD 2 billion in 2018 and is projected to be worth more than USD 4 billion by 2028. North America is expected to dominate the oil seal market during the study period due to its large automotive industry that increases demand for sealing solutions.
Oil-Sealed Seals are a type of mechanical seal that uses an oil film to reduce or prevent the passage of gas, liquid, and solid particles. The application for such is in areas where there is a need to keep potentially damaging elements out of machines with moving parts (e.g., gears). In many cases, depending on what the machine needs protection from, metal rings may be used as well as rubber’s natural dampening properties.
The seals are fitted with a metal ring that is compressed by an externally applied load. The seal's material (typically rubber or polymer) then blocks the passage of fluid, gas, and particulates to prevent loss from the sealed area - as well as contamination.
On the basis of Type, the market is segmented into Plastic-type, Metal type, and Rubber type.
The Plastic type of Oil Seal is made from synthetic plastics and polymers. They offer high performance, excellent corrosion resistance as well as a wide temperature range. The size of the seal is usually smaller than metal or rubber seals so it can be used in different applications such as motors, pumps, and valves where space constraints might exist. These types of oil seals are especially beneficial for OEMs but they also appeal to the aftermarket sector due to their effectiveness at preventing leaks with minimal maintenance requirements.
Metal type Oil Seals are made of a metal material such as Stainless Steel or Monel. They offer better resistance to corrosion and chemicals, but they're more expensive than plastic types oil seals. Metal Type Oil Seal is typically used in industrial applications where high-temperature extremes exist.
Metal type Oil seals are used in applications where high-temperature extremes exist. They're applied to metal parts, such as valves and pumps. The most common use of these types of oil seal is on the crankcase cover for internal combustion engine engines that generate a significant amount of heat during operation. These Metal Types can withstand higher temperatures than plastic or rubber when exposed to high-energy environments like bearings, gears, gearboxes, shafts, etc. because they have better thermal conductivity properties than other materials and do not deform with heat.
Rubber Type Oil Seal is one of the common materials used for sealing purposes in engines. The main features of rubber-type oil seals are resistance against heat & cold; low elasticity under load on the surface after long-term use; wear resistance by nature and provides adequate sealing performance at high operating temperatures among others.
The types of Rubber-Type Oil Seals are mainly divided into two categories: Natural Rubber and Synthetic Rubber. The natural rubber is obtained from the latex of a tree called Hevea Brasiliensis, while synthetic rubber is manufactured by combining chemicals to create it.
The applications of Rubber-Type Oil Seals are mainly used in the engine. The natural rubber seal is often preferred by OEMs for a variety of reasons, including its ability to provide adequate sealing performance at high operating temperatures and resistance against heat & cold. However, these seals may also leak over time due to being made from organic materials that degrade with exposure to fuel oils and other chemicals found in engines.
On the basis of Application, the market is segmented into OEM and Aftermarket. OEMs for the automotive industry which has been significantly increased due to increasing demand for vehicles globally, Aftermarket also known as OE replacement products installed at purchaser’s request after the sale of the vehicle when original equipment becomes worn out or broken down beyond repair through normal use. Other application includes pipelines and hose connections for material handling. The market is expected to witness a growth in demand from the aftermarket sector as more consumers are becoming cost-conscious, thereby opting for cheaper replacement parts & repairs rather than relying on costly factory services.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North American Market of Oil Seals is expected to be the most lucrative as it accounted for nearly half share of the global market in 2018 owing to increasing demand from the automotive industry which has been significantly increased due to the increase in vehicles globally. It will continue dominating this regional segment until 2028.
Latin American Market is estimated to grow at the highest rate during the forecast period on account of high demand from OEMs followed by aftermarket sector mainly arising out of robust growth prospects within emerging economies such as Argentina and Brazil among others coupled with higher product awareness level-specific parts/sealings leading towards their use across the various application.
Up Market Research published a new report titled “Oil sealed Seals Market research report which is segmented by Types (Plastic type Oil Seal, Metal Type Oil Seal, Rubber type Oil Seal), By Applications (OEMs, Aftermarket), By Players/Companies DICHTOMATIK (Germany), DLI (UK), DUKE Seals(China), FP (Italy), Tenneco(Federal-Mogul), Freudenberg (Germany), Garlock Klozure (USA), Guangzhou Best Rubber& Plastic (China), HALLITE (UK), HUNGER (Germany), MGONG (China), MITSUBISHI (Japan), Meifengrubber (China), NAK (Taiwan), NOK (Japan), OUFU Sealing Parts (China), Parker Hannifin Corporation (USA)”.
|Report Attributes||Report Details|
|Report Title||Oil sealed Seals Market Research Report|
|By Type||Plastic type Oil Seal, Metal Type Oil Seal, Rubber type Oil Seal|
|By Application||OEMs, Aftermarket|
|By Companies||DICHTOMATIK (Germany), DLI (UK), DUKE Seals(China), FP (Italy), Tenneco(Federal-Mogul), Freudenberg (Germany), Garlock Klozure (USA), Guangzhou Best Rubber& Plastic (China), HALLITE (UK), HUNGER (Germany), MGONG (China), MITSUBISHI (Japan), Meifengrubber (China), NAK (Taiwan), NOK (Japan), OUFU Sealing Parts (China), Parker Hannifin Corporation (USA)|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||218|
|Number of Tables & Figures||153|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Plastic type Oil Seal, Metal Type Oil Seal, Rubber type Oil Seal and By Application OEMs, Aftermarket.
Some of the companies that are profiled in this report are:
Oil sealed Seals Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Oil sealed Seals Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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