What is Oil Seal Market?
Oil seal is a device that is used to prevent or limit the leakage of fluids or lubricating oil in mechanical equipment by closing the spaces between the moving and stationary components of the equipment. These seals are rings made up of various soft, non-metallic, metallic materials. It also used to maintain lubricants in the bearing and prevent corrosive moisture from entering the bearing. These seals come in various sizes depending on the equipment capacity, it fits on various valves, to seal other fluids such as water, foodstuff chemical and others. Oil Seal mainly consists of three basic components the sealing element, metal case and the spring. Increasing the production, construction, manufacturing and other activities across the globe has boosted the demand for the Oil seal.
The market study is being classified by Type (Metal and Rubber), by Application (Automotive, Oil & Gas, Power Generation, Marine & Aerospace and Other) and major geographies with country level break-up.
VALQUA, LTD. (Japan), Parker Hannifin (United States), Allied Metrics Seals & Fstnrs (United States), Premier Seals Manufacturing (United States), Arizona Sealing Devices, Inc. (United States), Eastern Seals (UK) Ltd (United Kingdom), Barnwell (United Kingdom), Best Ring Industrial Corporation (Taiwan), COS Plastic & Rubber Co., Ltd. (China) and DIPROTEX (France) are some of the key players profiled in the study.
Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Oil Seal market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Oil Seal market by Type, Application and Region.
On the basis of geography, the market of Oil Seal has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Demand from Marine
- Increasing Major Demand from the Oil and Gas Sector, Marin, and so On
- Growing Concern to Increase the Working Lifespan of the Systems
Market Trend
- The trend for Oil Seals Made From the Elastomer Material Has Increased
Restraints
- The Fluctuation of the Price of Raw Material
- Improper or Incorrect Tools Being Used During Assembly Can Cause the Sealing Lip to Gets Scraped
Opportunities
- Stringent Regulations Of Government Across The Globe To Meet The Environmental Targets Is Becoming The Growth Opportunity Of The Market
Challenges
- Oil Seal Is Prone To Lip Deformation
- Abnormally High Temperature Can Cause Lip Hardening