MarkWide Research


Industrial Seals Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2022-2030

Published Date: September, 2022
No of Pages: 168
Delivery Format: PDF+ Excel


The global industrial seals market was valued at USD 11.78 billion in 2021. The market is projected to grow from USD 12.11 billion in 2022 to USD 17.86 billion by 2029, exhibiting a CAGR of 5.7% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with industrial seals experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. Based on our analysis, the global market exhibited a decline of -6.6% in 2020 as compared to 2019.

The primary function of an industrial seal is to optimize the performance of a machine with its process reliability. Seals are also used in applications that involve rotary and reciprocating motions. Over the past few decades, industrial seals have played an important role in providing optimum efficiency and productivity. It can retain lubrication and block contamination in bearing systems. The manufacturers develop seals in various sizes, depending on the shaft diameter of machines. Also, such industrial seals are made up of several different materials such as industrial rubber, fluorosilicone (FVMQ), polytetrafluoroethylene (PTFE), polyurethane (AU, EU), and others.

The global market has shown significant growth in the past decades and is expected to grow moderately in the coming future. However, the immediate shutdown of manufacturing plants in several countries and growing industrialization in developing countries are expected to aggravate the market growth during the forecast period.

Seals manufacturing companies produce these seals for static, dynamic, and special (customized) applications. In static applications, the manufacturer produces seals for stationary surfaces while in dynamic applications, the manufacturer produces seals for reciprocating and rotating components. In special applications, manufacturers produce these seals customized shafts, which are used in different machines.


Immediate Shutdown of Industries and Lack of Labor to Impact Market During COVID-19

In the first quarter of 2020, industries in several countries stopped their manufacturing processes owing to the impact of the COVID-19 pandemic. The manufacturing sector worldwide has witnessed a slow growth rate in the second quarter of 2020. Important factors that have affected the sector are lack of raw material due to dwindled import and export activities, unavailability of workers, low demand from end-users, and many more.

The unprecedented impact of COVID-19 has slowed down economies around the world. This factor is due to the disruption caused in some industries that majorly contribute to the country’s GDP. In 2020, the overall impact on the manufacturing sector severely affected the global market growth. However, the impact would be short-term as the manufacturing companies have started working with full supply to serve the demand of the end-users.

Additional challenges, such as lack of cash-flow liquidity, logistics, government norms during the pandemic, and many more, have affected the market during the pandemic. Furthermore, industrial seal manufacturers are facing challenges in exporting their end products to the end-users, owing to the temporary obligations in the import-export of goods and products by the governments of many countries.

Nevertheless, these challenges have not been converted into restraints for the manufacturing sector. However, the growth of the market would be flattened till 2022, and later the growth in the manufacturing sector would go toward positive inclination, which will depend on the continuous supply and demand for the end product in different industries.


Rising Adoption of Customized Elastomeric Seals to Fuel Market Progress

The sealing technology has been adopted by several industries over the past few years, owing to its leakage prevention applications under extreme pressure, temperature, and shaft speed. A trend of adopting customized seals in various industries is propelling the market growth. The major application of customized elastomeric seals in the oil and gas industry is attributed to its high use in exploration activities.

Furthermore, the manufacturing companies are working continuously in creating a sustainable and scaled offering for their customers. Several small and mid-sized manufacturing companies have successfully adopted the process of customization for their clients. This process allows the manufacturing companies to provide reliable, fitted, flexible, and durable elastomeric seals in the market. Additionally, the properties of an elastomeric seal differ from the traditional seals, as it provides enhanced services to consumers.


High Demand for Thermal, Durable, and Resistant Seals to Enable Swift Development

The large capacity manufacturing unit requires equipment that can work for long hours in continuous production processes. For better machine optimization, consumers are installing thermal resistant seals, which allow machines to work properly and for long hours. Furthermore, temperature plays an important role in the operation of seals in every industrial machine. Therefore, the demand for thermal resistant seals is increasing with the development of the manufacturing sector across the globe. Also, the demand for large-capacity manufacturing units has increased in various industries from the past few years.

Also, industrial seal manufacturing companies are now more focused on developing thermal resistant industrial seals. Thermal-resistant seals are manufactured by using elastomeric materials. Also, the consumers are looking forward to adopting such seals that can work in high temperatures and provide better performance than traditional seals.


Increasing Adoption of Seal-Less Driving Shafts to Hamper Market Growth

Over the past few decades, consumers have adopted industrial seals due to their high durability and reliability. However, consumers are shifting toward seal-less driving shafts, owing to the high maintenance and complicated installation processes of seals.

Furthermore, seals require extra motors and shafts to transfer power. Whereas the seal-less magnetic drive pump is surrounded by a set of magnet, which helps transfer the magnetic field to the shaft. Thus, this system provides a completely sealed enclosure to any fluid.

Also, increasing demand for seal-less driving shafts due to multiple advantages is another factor that restricts the growth of the market.


By Type Analysis

Due to Increasing Adoption of Contacting Seals in Diverse Industries Radial Seals Segment to Generate Highest Revenue over Forecast Period

Continuous adoption of contacting seals in several industries is anticipating the growth of the radial seals segment during the forecast period. The radial shaft segment is estimated to witness significant growth opportunities followed by the mechanical seals’ segment, owing to the increasing usage of small diameter radial shaft (SDS) and large diameter shaft (LDS) in end-use applications.

The axial and mechanical segments are expected to grow moderately, owing to rapid increase in the industry sector’s growth in several regions.

In the mechanical segment, compared to other sub-segments, the cartridge sub-segment is projected to reach at a higher CAGR over the forecast period, owing to the trend of adoption of cartridge seals in multiple applications.

By type, the global market is segmented into axial seals, radial seals, and mechanical seals. The mechanical segment is further segmented into pusher and non-pusher, conventional seals, balanced and unbalanced seals, and cartridge seals.

Heavy Demand for Fuel Across the Globe is Expected to Provide Major Share to Oil and Gas Segment During Forecast Period

Usage of energy is playing an important role in influencing the market growth. According to the International Energy Agency, renewables are expected to witness the fastest growth in the electricity sector by providing almost 30% of power demand in 2023. Although, 70% of electricity will be generated from conventional fuel sources, which is anticipated to augment the demand for fossil fuel and gas. Therefore, the oil and gas segment is projected to reach faster growth, followed by food & beverages, aerospace, and other segments.

The usage of seals in the mining industry is expected to decrease in future, owing to the continuous decrease in the growth of the mining industry. Therefore, the mining industry segment is anticipated to grow slowly over the forecast period.

By end-use industry, the market is classified into mining, food & beverage, oil & gas, energy and power, aerospace, marine, construction, and others (chemical and others). The food & beverage segment is estimated to hold the highest industrial seals market share in the near future.

The Asia Pacific industrial seals market size stood at USD 4.43 billion in 2021 and is expected to rise as a dominating region in the global seals market during the forecast period. The increase in the number of registered and unregistered manufacturing companies in the region is primarily driving the market in the region. Moreover, companies are offering better quality seals at low prices to their customers, which is also a major reason for customers worldwide to purchase seals from India and China.

India to Witness Noteworthy CAGR with Promising Application in Energy and Power Sector

India is estimated to exhibit a swift market growth over the slated period of time. The fast-paced progress of end-use industries in the country and the increasing development of application-specific seals are the critical factors making the country one of the most promising markets across the regions. The market players have initiated their efforts for the establishment of a strong and effective supply chain across the market of India and are also working to deploy a strong network of distributors and retailers across multiple states to have better direct customer reach and understand the exact requirements of clients across the region.

Some of the prominent manufacturers have adopted a go-to-market strategy in the market of India and are participating in various trade shows and tech expo to promote their products and gain valuable insights regarding customer viewpoints and demands. Companies are also involved in finalizing acquisitions and mergers to cement their position in the market.

According to our market research report North America is projected to reach at a higher rate, owing to the presence of key players in the U.S. Furthermore, increasing number of small & mid-sized seal manufacturing companies and government initiatives of establishing manufacturing plants of different products are factors influencing the market growth.

Moreover, in Europe, the market in Italy is expected to grow significantly over the forecast period, owing to increasing manufacturing plants in the country. Overall, Europe is anticipated to grow gradually in the coming future.

The markets in the Middle East & Africa and Latin America would have moderate growth due to lack of raw material, dearth of technological advancements, and moderate growth of industrialization in both regions.


SKF and John Crane (Smiths Group Plc.) Focus on Increasing their Regional Presence

Among several companies, SKF holds the largest market share in the global market. This factor is owed to the company offering many varieties to its clients. Also, the company operates in almost every region and has many customer engagements for the market. Furthermore, Flowserve Corporation, Eagleburgman, Tenneco Inc. (Federal-Mogul LLC), John Crane (Smiths Group Plc.), and others have established their manufacturing plants in developing countries, where the production cost is less as compared with others.

Furthermore, most companies are focused on partnering with small and mid-sized companies to strengthen their regional presence. Also, by adopting such strategies, companies can offer an enhanced product portfolio to their clients with minimum timelines.

List of Key Companies Profiled:

  • SKF (AB SKF) (Sweden)
  • Flowserve Corporation (U.S.)
  • John Crane (Smiths Group plc) (U.S.)
  • Trelleborg AB (Sweden)
  • EnPro Industries, Inc. (Garlock GmbH) (U.S.)
  • Dover Corporation (Waukesha Bearings) (U.S.)
  • SHV (ERIKS Group) (Netherlands)
  • Freudenberg SE (Germany)
  • Tenneco Inc. (Federal-Mogul LLC) (U.S.)
  • Fenner Group Holdings Limited (Hallite Seals) (U.K.)


  • September 2021: Hallite Seals International Ltd. recently inaugurated its newly developed product and material test house. State of the art and technologically advanced facility will cater to the organization’s novel product research and development capabilities.
  • August 2021: Trelleborg Sealing Solutions announced the inauguration and initiation of operations in its manufacturing facility situated in Ontario, California. The manufacturing facility will serve as a west coast warehouse in the U.S. and cater to industrial and aerospace customers.


The industrial seals industry report provides a detailed analysis of the global market and focuses on key aspects such as leading companies, product/service types, and leading end-use industries of the product. Besides this, the report offers insights into the market trends and highlights the key industry developments. In addition to the factors mentioned above, the report encompasses several factors contributing to the growth in recent years.


Study Period2018-2030
Base Year2021
Forecast Period2022-2030
Historical Period2017-2021
UnitValue (USD Billion)
SegmentationBy Type

  • Axial Seals
  • Radial Seals
  • Mechanical Seals
    • Pusher and Non-pusher
    • Conventional Seals
    • Balanced and Unbalanced Seals
    • Cartridge
By End-Use Industry

  • Mining
  • Food & Beverage
  • Oil & Gas
  • Energy and Power
  • Aerospace
  • Marine
  • Construction
  • Others (Chemicals and Others)
By Region

  • North America
    • U.S. (By End-Use Industry)
    • Canada (By End-Use Industry)
  • Europe
    • Germany (By End-Use Industry)
    • U.K. (By End-Use Industry)
    • France (By End-Use Industry)
    • Italy (By End-Use Industry)
    • Spain (By End-Use Industry)
    • Rest of Europe
  • Asia Pacific
    • China (By End-Use Industry)
    • Japan (By End-Use Industry)
    • India (By End-Use Industry)
    • Southeast Asia (By End-Use Industry)
    • Rest of Asia Pacific
  • Middle East & Africa
    • South Africa (By End-Use Industry)
    • GCC (By End-Use Industry)
    • Rest of Middle East & Africa
  • Latin America
    • Brazil (By End-Use Industry)
    • Mexico (By End-Use Industry)
    • Rest of Latin America


Table of Contents

  1. Introduction
  2. Definition, By Segment
  3. Research Methodology/Approach
  4. Data Sources
  5. Executive Summary
  6. Market Dynamics
  7. Macro and Micro Economic Indicators
  8. Drivers, Restraints, Opportunities and Trends
  9. Impact of COVID-19
  10. Short-term Impact
  11. Long-term Impact
  12. Competition Landscape
  13. Business Strategies Adopted by Key Players
  14. Consolidated SWOT Analysis of Key Players
  15. Global Industrial Seals Key Players Market Share Insights and Analysis, 2021
  16. Porter’s Five Force Analysis
  17. Global Industrial Seals Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2018-2029
  18. Key Findings
  19. By Type (USD)
  20. Axial Seals
  21. Radial Seals
  22. Mechanical Seals
  23. Pusher and Non-pusher
  24. Conventional Seals
  25. Balanced and Unbalanced Seals
  26. Cartridge
  27. By End-use Industry (USD)
  28. Mining
  29. Food & Beverage
  30. Oil & Gas
  31. Energy and Power
  32. Aerospace
  33. Marine
  34. Construction
  35. Others (Chemicals, etc.)
  36. By Region (USD)
  37. North America
  38. Latin America
  39. Europe
  40. Middle East & Africa
  41. Asia Pacific
  42. North America Industrial Seals Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2018-2029
  43. Key Findings
  44. By Type (USD)
  45. Axial Seals
  46. Radial Seals
  47. Mechanical Seals
  48. Pusher and Non-pusher
  49. Conventional Seals
  50. Balanced and Unbalanced Seals
  51. Cartridge
  52. By End-use Industry (USD)
  53. Mining
  54. Food & Beverage
  55. Oil & Gas
  56. Energy and Power
  57. Aerospace
  58. Marine
  59. Construction
  60. Others (Chemicals, etc.)
  61. By Country (USD)
  62. United States
  63. By End-use Industry (USD)
  64. Mining
  65. Food & Beverage
  66. Oil & Gas
  67. Energy and Power
  68. Aerospace
  69. Marine
  70. Construction
  71. Others (Chemicals, etc.)
  72. Canada
  73. By End-use Industry (USD)
  74. Mining
  75. Food & Beverage
  76. Oil & Gas
  77. Energy and Power
  78. Aerospace
  79. Marine
  80. Construction
  81. Others (Chemicals, etc.)
  82. Latin America Industrial Seals Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2018-2029
  83. Key Findings
  84. By Type (USD)
  85. Axial Seals
  86. Radial Seals
  87. Mechanical Seals
  88. Pusher and Non-pusher
  89. Conventional Seals
  90. Balanced and Unbalanced Seals
  91. Cartridge
  92. By End-use Industry (USD)
  93. Mining
  94. Food & Beverage
  95. Oil & Gas
  96. Energy and Power
  97. Aerospace
  98. Marine
  99. Construction
  100. Others (Chemicals, etc.)
  101. By Country (USD)
  102. Brazil
  103. By End-use Industry (USD)
  104. Mining
  105. Food & Beverage
  106. Oil & Gas
  107. Energy and Power
  108. Aerospace
  109. Marine
  110. Construction
  111. Others (Chemicals, etc.)
  112. Mexico
  113. By End-use Industry (USD)
  114. Mining
  115. Food & Beverage
  116. Oil & Gas
  117. Energy and Power
  118. Aerospace
  119. Marine
  120. Construction
  121. Others (Chemicals, etc.)
  122. Rest of Latin America
  123. Europe Industrial Seals Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2018-2029
  124. Key Findings
  125. By Type (USD)
  126. Axial Seals
  127. Radial Seals
  128. Mechanical Seals
  129. Pusher and Non-pusher
  130. Conventional Seals
  131. Balanced and Unbalanced Seals
  132. Cartridge
  133. By End-use Industry (USD)
  134. Mining
  135. Food & Beverage
  136. Oil & Gas
  137. Energy and Power
  138. Aerospace
  139. Marine
  140. Construction
  141. Others (Chemicals, etc.)
  142. By Country (USD)
  143. UK
  144. By End-use Industry (USD)
  145. Mining
  146. Food & Beverage
  147. Oil & Gas
  148. Energy and Power
  149. Aerospace
  150. Marine
  151. Construction
  152. Others (Chemicals, etc.)
  153. Germany
  154. By End-use Industry (USD)
  155. Mining
  156. Food & Beverage
  157. Oil & Gas
  158. Energy and Power
  159. Aerospace
  160. Marine
  161. Construction
  162. Others (Chemicals, etc.)
  163. France
  164. By End-use Industry (USD)
  165. Mining
  166. Food & Beverage
  167. Oil & Gas
  168. Energy and Power
  169. Aerospace
  170. Marine
  171. Construction
  172. Others (Chemicals, etc.)
  173. Italy
  174. By End-use Industry (USD)
  175. Mining
  176. Food & Beverage
  177. Oil & Gas
  178. Energy and Power
  179. Aerospace
  180. Marine
  181. Construction
  182. Others (Chemicals, etc.)
  183. Spain
  184. By End-use Industry (USD)
  185. Mining
  186. Food & Beverage
  187. Oil & Gas
  188. Energy and Power
  189. Aerospace
  190. Marine
  191. Construction
  192. Others (Chemicals, etc.)
  193. Rest of Europe
  194. Asia Pacific Industrial Seals Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2018-2029
  195. Key Findings
  196. By Type (USD)
  197. Axial Seals
  198. Radial Seals
  199. Mechanical Seals
  200. Pusher and Non-pusher
  201. Conventional Seals
  202. Balanced and Unbalanced Seals
  203. Cartridge
  204. By End-use Industry (USD)
  205. Mining
  206. Food & Beverage
  207. Oil & Gas
  208. Energy and Power
  209. Aerospace
  210. Marine
  211. Construction
  212. Others (Chemicals, etc.)
  213. By Country (USD)
  214. China
  215. By End-use Industry (USD)
  216. Mining
  217. Food & Beverage
  218. Oil & Gas
  219. Energy and Power
  220. Aerospace
  221. Marine
  222. Construction
  223. Others (Chemicals, etc.)
  224. India
  225. By End-use Industry (USD)
  226. Mining
  227. Food & Beverage
  228. Oil & Gas
  229. Energy and Power
  230. Aerospace
  231. Marine
  232. Construction
  233. Others (Chemicals, etc.)
  234. Japan
  235. By End-use Industry (USD)
  236. Mining
  237. Food & Beverage
  238. Oil & Gas
  239. Energy and Power
  240. Aerospace
  241. Marine
  242. Construction
  243. Others (Chemicals, etc.)
  244. South East Asia
  245. By End-use Industry (USD)
  246. Mining
  247. Food & Beverage
  248. Oil & Gas
  249. Energy and Power
  250. Aerospace
  251. Marine
  252. Construction
  253. Others (Chemicals, etc.)
  254. Rest of Asia Pacific
  255. Middle East & Africa Industrial Seals Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2018-2029
  256. Key Findings
  257. By Type (USD)
  258. Axial Seals
  259. Radial Seals
  260. Mechanical Seals
  261. Pusher and Non-pusher
  262. Conventional Seals
  263. Balanced and Unbalanced Seals
  264. Cartridge
  265. By End-use Industry (USD)
  266. Mining
  267. Food & Beverage
  268. Oil & Gas
  269. Energy and Power
  270. Aerospace
  271. Marine
  272. Construction
  273. Others (Chemicals, etc.)
  274. By Country (USD)
  275. South Africa
  276. By End-use Industry (USD)
  277. Mining
  278. Food & Beverage
  279. Oil & Gas
  280. Energy and Power
  281. Aerospace
  282. Marine
  283. Construction
  284. Others (Chemicals, etc.)
  285. GCC
  286. By End-use Industry (USD)
  287. Mining
  288. Food & Beverage
  289. Oil & Gas
  290. Energy and Power
  291. Aerospace
  292. Marine
  293. Construction
  294. Others (Chemicals, etc.)
  295. Rest of MEA


  1. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
  2. The Timken Company
  3. Overview
  4. Offerings/Business Segments
  5. Employee Size
  6. Key Financials
  7. Recent Developments
  8. SKF (AB SKF)
  9. Overview
  10. Offerings/Business Segments
  11. Employee Size
  12. Key Financials
  13. Recent Developments
  14. Flowserve Corporation
  15. Overview
  16. Offerings/Business Segments
  17. Employee Size
  18. Key Financials
  19. Recent Developments
  20. John Crane (Smiths Group Plc)
  21. Overview
  22. Offerings/Business Segments
  23. Employee Size
  24. Key Financials
  25. Recent Developments
  26. Trelleborg AB
  27. Overview
  28. Offerings/Business Segments
  29. Employee Size
  30. Key Financials
  31. Recent Developments
  32. Enpro Industries (Garlock GmbH)
  33. Overview
  34. Offerings/Business Segments
  35. Employee Size
  36. Key Financials
  37. Recent Developments
  38. Dover Corporation (Waukesha Bearings)
  39. Overview
  40. Offerings/Business Segments
  41. Employee Size
  42. Key Financials
  43. Recent Developments
  44. SHV (ERIKS Group)
  45. Overview
  46. Offerings/Business Segments
  47. Employee Size
  48. Key Financials
  49. Recent Developments
  50. Tenneco Inc.
  51. Overview
  52. Offerings/Business Segments
  53. Employee Size
  54. Key Financials
  55. Recent Developments
  56. Freudenberg SE
  57. Overview
  58. Offerings/Business Segments
  59. Employee Size
  60. Key Financials
  61. Recent Developments


Major Companies

  • SKF (AB SKF) (Sweden)
  • Flowserve Corporation (U.S.)
  • John Crane (Smiths Group plc) (U.S.)
  • Trelleborg AB (Sweden)
  • EnPro Industries, Inc. (Garlock GmbH) (U.S.)
  • Dover Corporation (Waukesha Bearings) (U.S.)
  • SHV (ERIKS Group) (Netherlands)
  • Freudenberg SE (Germany)
  • Tenneco Inc. (Federal-Mogul LLC) (U.S.)
  • Fenner Group Holdings Limited (Hallite Seals) (U.K.)


By Type

  • Axial Seals
  • Radial Seals
  • Mechanical Seals
    • Pusher and Non-pusher
    • Conventional Seals
    • Balanced and Unbalanced Seals
    • Cartridge
By End-Use Industry

  • Mining
  • Food & Beverage
  • Oil & Gas
  • Energy and Power
  • Aerospace
  • Marine
  • Construction
  • Others (Chemicals and Others)

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