APAC Machined Seals Market - Industry Trends and Forecast to 2030

Description

List of Tables

Asia-Pacific machined seals market is projected to register a 5.7% CAGR in the forecast period of 2021 to 2030. The new market report contains data for the historic year 2021, the base year of calculation is 2022, and the forecast period is 2023 to 2030.

Market Segmentation:

Asia-Pacific Machined Seals Market, By Type (Fluid Power Seals, Power Transmission Seals, and Large Diameter Seals), Product Type (Rod Seals, Piston Seals, Wiper Seals, Static Seals, Rotary Seals, Special Seals, Guide Rings, and Back up Rings), Material (Polytetrafluoroethylene (PTFE), Viton, Polyurethane (PU), Rubber, Metal, Elastomers, Thermoplastics, and Others), Application (Aerospace & Defense, Automotive Industry, Chemical Processing, Machined Tools, Construction, Industrial Turbines, Flow Control, Life Sciences, New Energies, Nuclear Industry, Oil & Gas, Pumps, Semiconductors, Sensors, Valves, Packaging and Materials, and Food & Beverages), Sales Channel (Manufacturers, Distributors, and Aftermarket), Country (Japan, China, India, Taiwan, South Korea, Australia, Thailand, Singapore, Malaysia, Indonesia, New Zealand, Philippines, Vietnam, and Rest of Asia-Pacific) Industry Trends and Forecast to 2030.

Some of the major factors contributing to the growth of the Asia-Pacific machined seals market:

The increasing demand for machined seals from various industries such as oil and gas, power generation, chemicals, and others

The growing adoption of customized elastomeric seals

Market Players:

The key players operating in the Asia-Pacific machined seals market are:

Hallite Seals

OZ SEALS PTY LTD

Martin Fluid Power Company, Inc.

MFP Seals

Picard Technologies

SKF

Freudenberg FST GmbH

Amphora Industries Pty Ltd

SAINT-GOBAIN

Technetics Group

Parker Hannifin Corp.

1 INTRODUCTION 29

1.1 OBJECTIVES OF THE STUDY 29
1.2 MARKET DEFINITION 29
1.3 OVERVIEW OF THE ASIA PACIFIC MACHINED SEALS MARKET 29
1.4 LIMITATIONS 31
1.5 MARKETS COVERED 31

2 MARKET SEGMENTATION 35

2.1 MARKETS COVERED 35
2.2 GEOGRAPHICAL SCOPE 36
2.3 YEARS CONSIDERED FOR THE STUDY 37
2.4 CURRENCY AND PRICING 37
2.5 DBMR TRIPOD DATA VALIDATION MODEL 38
2.6 TYPE LIFELINE CURVE 41
2.7 MULTIVARIATE MODELING 42
2.8 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 43
2.9 DBMR MARKET POSITION GRID 44
2.10 MARKET APPLICATION COVERAGE GRID 45
2.11 DBMR MARKET CHALLENGE MATRIX 46
2.12 DBMR VENDOR SHARE ANALYSIS 47
2.13 SECONDARY SOURCES 48
2.14 ASSUMPTIONS 49

3 EXECUTIVE SUMMARY 50

4 PREMIUM INSIGHTS 52

4.1 PESTLE ANALYSIS 53
- 4.1.1 POLITICAL FACTORS 53
- 4.1.2 ECONOMIC FACTORS 53
- 4.1.3 SOCIAL FACTORS 54
- 4.1.4 TECHNOLOGICAL FACTORS 54
- 4.1.5 LEGAL FACTORS 54
- 4.1.6 ENVIRONMENTAL FACTORS 54
- 4.1.7 CONCLUSION 54
4.2 PORTER'S FIVE FORCES: 55
- 4.2.1 THREAT OF NEW ENTRANTS: 55
- 4.2.2 THREAT OF SUBSTITUTES: 55
- 4.2.3 CUSTOMER BARGAINING POWER: 56
- 4.2.4 SUPPLIER BARGAINING POWER: 56
- 4.2.5 INTERNAL COMPETITION (RIVALRY): 56
4.3 GROWTH STRATEGIES ADOPTED BY KEY MARKET PLAYERS 57
4.4 IMPORT EXPORT SCENARIO 58
4.5 INDUSTRY TRENDS AND FUTURE PERSPECTIVE 59
4.6 PRODUCTION AND CONSUMPTION ANALYSIS 60
4.7 RAW MATERIAL PRODUCTION COVERAGE 60
4.8 SUPPLY CHAIN ANALYSIS 63
- 4.8.1 RAW MATERIAL PROCUREMENT 63
- 4.8.2 MANUFACTURING AND PACKING 63
- 4.8.3 MARKETING AND DISTRIBUTION 63
- 4.8.4 END USERS 64
4.9 TECHNOLOGICAL ADVANCEMENT BY MANUFACTURERS 65
4.10 VENDOR SELECTION CRITERIA 66
4.11 REGULATION COVERAGE 67

5 MARKET OVERVIEW 69

5.1 DRIVERS 71
- 5.1.1 INCREASE IN THE DEMAND FROM THE AUTOMOTIVE INDUSTRY FOR MACHINED SEALS 71
- 5.1.2 THE INCREASE IN THE DEMAND FOR MACHINED SEALS FROM VARIOUS INDUSTRIES SUCH AS OIL AND GAS, POWER GENERATION, CHEMICALS, AND OTHERS 72
- 5.1.3 THE GROWTH IN THE ADOPTION OF CUSTOMIZED ELASTOMERIC SEALS 73
5.2 RESTRAINTS 74
- 5.2.1 THE RISE IN THE ADOPTION OF SEAL-LESS DRIVING SHAFTS 74
- 5.2.2 PRICE VOLATILITY OF RAW MATERIALS 74
5.3 OPPORTUNITIES 75
- 5.3.1 THE RISE IN THE INVESTMENTS BY KEY PLAYERS IN RESEARCH AND DEVELOPMENT ACTIVITIES ARE LIKELY TO RESULT IN INNOVATIONS AND NEW PRODUCT LAUNCHES 75
- 5.3.2 THE GROWTH IN THE AWARENESS OF THE BENEFITS OFFERED BY MACHINED SEALS 76
5.4 CHALLENGES 77
- 5.4.1 IMPROPER INSTALLATION, START-UP, AND LACK OF MAINTENANCE WEAR DOWN SEALS 77
- 5.4.2 DIFFICULTIES FACED BY MANUFACTURERS IN CUSTOMIZED PRODUCTS 78

6 ASIA PACIFIC MACHINED SEALS MARKET, BY TYPE 79

6.1 OVERVIEW 80
6.2 FLUID POWER SEALS 81
6.3 POWER TRANSMISSION SEALS 81
6.4 LARGE DIAMETER SEALS 82

7 ASIA PACIFIC MACHINED SEALS MARKET, BY PRODUCT TYPE 83

7.1 OVERVIEW 84
7.2 PISTON SEALS 85
7.3 ROTARY SEALS 85
7.4 ROD SEALS 86
7.5 STATIC SEALS 86
7.6 SPECIAL SEALS 86
7.7 GUIDE RINGS 87
7.8 BACKUP-UP RINGS 87
7.9 WIPER SEALS 88

8 ASIA PACIFIC MACHINED SEALS MARKET, BY MATERIAL 89

8.1 OVERVIEW 90
8.2 RUBBER 91
8.3 POLYTETRAFLUORIETHYLENE (PTFE) 91
8.4 METAL 92
8.5 POLYURETHANE (PU) 92
8.6 VITON 93
8.7 THERMOPLASTICS 93
8.8 ELASTOMERS 94
8.9 OTHERS 94

9 ASIA PACIFIC MACHINED SEALS MARKET, BY SALES CHANNEL 95

9.1 OVERVIEW 96
9.2 MANUFACTURERS 97
9.3 DISTRIBUTORS 97
9.4 AFTERMARKET 98

10 ASIA PACIFIC MACHINED SEALS MARKET, BY APPLICATION 99

10.1 OVERVIEW 100
10.2 AUTOMOTIVE INDUSTRY 101
- 10.2.1 TWO-WHEELERS 102
- 10.2.2 LIGHT VEHICLES 102
- 10.2.3 CARS 102
- 10.2.4 HEAVY VEHICLES 102
10.3 AEROSPACE & DEFENSE 102
- 10.3.1 COMMERCIAL AIRCRAFT 103
- 10.3.2 PASSENGER AIRCRAFT 103
- 10.3.3 DEFENSE & MILITARY 103
- 10.3.4 SPACE LAUNCH SYSTEM (SLS) 103
- 10.3.5 SPACE SHUTTLE 103
10.4 INDUSTRIAL TURBINES 103
10.5 MACHINED TOOLS 104
10.6 CHEMICAL PROCESSING 104
10.7 CONSTRUCTION 105
10.8 OIL & GAS 105
10.9 FOOD & BEVERAGES 106
10.10 PUMPS 106
10.11 NEW ENERGIES 106
10.12 NUCLEAR INDUSTRY 107
10.13 LIFE SCIENCES 107
10.14 SEMICONDUCTORS 108
10.15 SENSORS 108
10.16 FLOW CONTROL 109
10.17 VALVES 109
10.18 PACKAGING AND MATERIALS 110

11 ASIA PACIFIC MACHINED SEALS MARKET, BY REGION 111

11.1 ASIA-PACIFIC 112
- 11.1.1 JAPAN 120
- 11.1.2 CHINA 123
- 11.1.3 INDIA 126
- 11.1.4 TAIWAN 129
- 11.1.5 SOUTH KOREA 132
- 11.1.6 AUSTRALIA 135
- 11.1.7 SINGAPORE 138
- 11.1.8 THAILAND 141
- 11.1.9 MALAYSIA 144
- 11.1.10 INDONESIA 147
- 11.1.11 PHILIPPINES 150
- 11.1.12 NEW ZEALAND 153
- 11.1.13 VIETNAM 156
- 11.1.14 REST OF ASIA-PACIFIC 159

12 ASIA PACIFIC MACHINED SEALS MARKET, COMPANY LANDSCAPE 160

12.1 COMPANY SHARE ANALYSIS: ASIA PACIFIC 160
12.2 MERGERS & ACQUISITIONS 161
12.3 EXPANSIONS 162
12.4 AGREEMENT 162
12.5 NEW PRODUCT DEVELOPMENTS 163

13 SWOT ANALYSIS 164

14 COMPANY PROFILES 165

14.1 SKF 165
- 14.1.1 COMPANY SNAPSHOT 165
- 14.1.2 REVENUE ANALYSIS 165
- 14.1.3 COMPANY SHARE ANALYSIS 166
- 14.1.4 PRODUCT PORTFOLIO 166
- 14.1.5 RECENT DEVELOPMENT 167
14.2 PARKER HANNIFIN CORP 168
- 14.2.1 COMPANY SNAPSHOT 168
- 14.2.2 REVENUE ANALYSIS 168
- 14.2.3 COMPANY SHARE ANALYSIS 169
- 14.2.4 PRODUCT PORTFOLIO 169
- 14.2.5 RECENT DEVELOPMENT 169
14.3 FREUDENBERG FST GMBH 170
- 14.3.1 COMPANY SNAPSHOT 170
- 14.3.2 REVENUE ANALYSIS 170
- 14.3.3 COMPANY SHARE ANALYSIS 171
- 14.3.4 PRODUCT PORTFOLIO 171
- 14.3.5 RECENT DEVELOPMENTS 172
14.4 SAINT-GOBAIN 173
- 14.4.1 COMPANY SNAPSHOT 173
- 14.4.2 REVENUE ANALYSIS 173
- 14.4.3 COMPANY SHARE ANALYSIS 174
- 14.4.4 PRODUCT PORTFOLIO 174
- 14.4.5 RECENT DEVELOPMENT 175
14.5 TECHNETICS GROUP. 176
- 14.5.1 COMPANY SNAPSHOT 176
- 14.5.2 PRODUCT PORTFOLIO 176
- 14.5.3 RECENT DEVELOPMENT 176
14.6 HALLITE SEALS 177
- 14.6.1 COMPANY SNAPSHOT 177
- 14.6.2 PRODUCT PORTFOLIO 177
- 14.6.3 RECENT DEVELOPMENTS 178
14.7 ACCROSEAL 179
- 14.7.1 COMPANY SNAPSHOT 179
- 14.7.2 PRODUCT PORTFOLIO 179
- 14.7.3 RECENT DEVELOPMENT 179
14.8 AMPHORA INDUSTRIES PTY LTD 180
- 14.8.1 COMPANY SNAPSHOT 180
- 14.8.2 PRODUCT PORTFOLIO 180
- 14.8.3 RECENT DEVELOPMENTS 181
14.9 ASHTON SEALS LTD 182
- 14.9.1 COMPANY SNAPSHOT 182
- 14.9.2 PRODUCT PORTFOLIO 182
- 14.9.3 RECENT DEVELOPMENTS 183
14.10 EVOLUTION SEALS LTD. 184
- 14.10.1 COMPANY SNAPSHOT 184
- 14.10.2 PRODUCT PORTFOLIO 184
- 14.10.3 RECENT DEVELOPMENT 184
14.11 FRANCE JOINT 185
- 14.11.1 COMPANY SNAPSHOT 185
- 14.11.2 PRODUCT PORTFOLIO 185
- 14.11.3 RECENT DEVELOPMENT 185
14.12 FPE SEALS LTD 186
- 14.12.1 COMPANY SNAPSHOT 186
- 14.12.2 PRODUCT PORTFOLIO 186
- 14.12.3 RECENT DEVELOPMENT 187
14.13 GRIZZLY SUPPLIES 188
- 14.13.1 COMPANY SNAPSHOT 188
- 14.13.2 PRODUCT PORTFOLIO 188
- 14.13.3 RECENT DEVELOPMENT 188
14.14 MARTIN FLUID POWER COMPANY, INC. AND MFP SEALS 189
- 14.14.1 COMPANY SNAPSHOT 189
- 14.14.2 PRODUCT PORTFOLIO 189
- 14.14.3 RECENT DEVELOPMENT 189
14.15 M.BARNWELL SERVICES LIMITED. 190
- 14.15.1 COMPANY SNAPSHOT 190
- 14.15.2 PRODUCT PORTFOLIO 190
- 14.15.3 RECENT DEVELOPMENT 190
14.16 OZ SEALS PTY LTD 191
- 14.16.1 COMPANY SNAPSHOT 191
- 14.16.2 PRODUCT PORTFOLIO 191
- 14.16.3 RECENT DEVELOPMENT 192
14.17 PATRIOT FLUID POWER 193
- 14.17.1 COMPANY SNAPSHOT 193
- 14.17.2 PRODUCT PORTFOLIO 193
- 14.17.3 RECENT DEVELOPMENTS 194
14.18 PICARD TECHNOLOGIES 195
- 14.18.1 COMPANY SNAPSHOT 195
- 14.18.2 PRODUCT PORTFOLIO 195
- 14.18.3 RECENT DEVELOPMENT 195
14.19 SEALS & GASKET SUPPLIES 196
- 14.19.1 COMPANY SNAPSHOT 196
- 14.19.2 PRODUCT PORTFOLIO 196
- 14.19.3 RECENT DEVELOPMENT 196
14.20 STACEM 197
- 14.20.1 COMPANY SNAPSHOT 197
- 14.20.2 PRODUCT PORTFOLIO 197
- 14.20.3 RECENT DEVELOPMENTS 197

15 QUESTIONNAIRE 198

16 RELATED REPORTS 203

LIST OF FIGURES

FIGURE 1 ASIA PACIFIC MACHINED SEALS MARKET 25
FIGURE 2 ASIA PACIFIC MACHINED SEALS MARKET: DATA TRIANGULATION 28
FIGURE 3 ASIA PACIFIC MACHINED SEALS MARKET: DROC ANALYSIS 29
FIGURE 4 ASIA PACIFIC MACHINED SEALS MARKET: ASIA PACIFIC VS REGIONAL MARKET ANALYSIS 30
FIGURE 5 ASIA PACIFIC MACHINED SEALS MARKET: COMPANY RESEARCH ANALYSIS 30
FIGURE 6 ASIA PACIFIC MACHINED SEALS MARKET: THE TYPE LIFE LINE CURVE 31
FIGURE 7 ASIA PACIFIC MACHINED SEALS MARKET: MULTIVARIATE MODELLING 32
FIGURE 8 ASIA PACIFIC MACHINED SEALS MARKET: INTERVIEW DEMOGRAPHICS 33
FIGURE 9 ASIA PACIFIC MACHINED SEALS MARKET: DBMR MARKET POSITION GRID 34
FIGURE 10 ASIA PACIFIC MACHINED SEALS MARKET: MARKET APPLICATION COVERAGE GRID 35
FIGURE 11 ASIA PACIFIC MACHINED SEALS MARKET: THE MARKET CHALLENGE MATRIX 36
FIGURE 12 ASIA PACIFIC MACHINED SEALS MARKET: VENDOR SHARE ANALYSIS 37
FIGURE 13 ASIA PACIFIC MACHINED SEALS MARKET: SEGMENTATION 41
FIGURE 14 THE GROWING ADOPTION OF CUSTOMIZED ELASTOMERIC SEALS IS EXPECTED TO DRIVE THE ASIA PACIFIC MACHINED SEALS MARKET IN THE FORECAST PERIOD 42
FIGURE 15 THE FLUID POWER SEALS SEGMENT IS EXPECTED TO ACCOUNT FOR THE LARGEST SHARE OF THE ASIA PACIFIC MACHINED SEALS MARKET IN 2023 & 2030 42
FIGURE 16 IMPORT-EXPORT SCENARIO (USD THOUSAND) 48
FIGURE 17 ASIA PACIFIC MACHINED SEALS MARKET: PRODUCTION AND CONSUMPTION ANALYSIS, 2021-2023 (USD THOUSAND) 50
FIGURE 18 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES OF THE ASIA PACIFIC MACHINED SEALS MARKET 60
FIGURE 19 ASIA PACIFIC MACHINED SEALS MARKET: BY TYPE, 2022 70
FIGURE 20 ASIA PACIFIC MACHINED SEALS MARKET: BY PRODUCT TYPE, 2022 74
FIGURE 21 ASIA PACIFIC MACHINED SEALS MARKET: BY MATERIAL, 2022 80
FIGURE 22 ASIA PACIFIC MACHINED SEALS MARKET: SALES CHANNEL, 2022 86
FIGURE 23 ASIA PACIFIC MACHINED SEALS MARKET: BY APPLICATION, 2022 90
FIGURE 24 ASIA-PACIFIC MACHINED SEALS MARKET: SNAPSHOT (2022) 103
FIGURE 25 ASIA-PACIFIC MACHINED SEALS MARKET: BY COUNTRY (2022) 104
FIGURE 26 ASIA-PACIFIC MACHINED SEALS MARKET: BY COUNTRY (2023 & 2030) 104

FIGURE 27 ASIA-PACIFIC MACHINED SEALS MARKET: BY COUNTRY (2022 & 2030) 105
FIGURE 28 ASIA-PACIFIC MACHINED SEALS MARKET: BY TYPE (2023-2030) 105
FIGURE 29 ASIA PACIFIC MACHINED SEALS MARKET: COMPANY SHARE 2022 (%) 150