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Global O-ring Seals Market: By Type: Synthetic Rubber, Thermoplastic Elastomer; By Application: Electrical and Electronic Products, Aerospace Equipment, Energy, Automobile, Others; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments

Global O-ring Seals Market Outlook

The global O-ring seals market is expected to grow at a CAGR of about 6.10% in the forecast period of 2022-2027.

 

Global O Ring Seals Market

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The Asia Pacific Holds a Significant Share of the Market for O-ring Seals

The Asia Pacific region represents a considerable share of the O-ring seals industry owing to the extensive applications of the product in various end-use industries. With rapid industrialisation in countries such as India and China, the demand for O-ring seals is significantly increasing, hence providing lucrative growth opportunities for the market’s expansion. The robust growth of the electrical and electronics sectors in the developing economies, including China, India, and ASEAN countries, is further expected to boost the demand for O-ring seals in the region. The demand for O-ring seals in the region is also predicted to be driven by rising vehicle manufacturing and sales in the region.

The growing aerospace and automotive industries in the European region are expected to increase the demand for new O-ring seals in the market over the forecast period. North America is also anticipated to register significant growth owing to the growing applications of O-ring seals in end-use industries in the region, which is anticipated to provide lucrative growth opportunities for the expansion of the market in the forecast period.

 

O-ring Seals: Market Segmentation

O-ring seals, also known as packing or toric joints, are torus-shaped mechanical gasket. They are round-sectioned loops of elastomer, meant to be seated in a groove and compressed during assembly between two or more elements, establishing a seal at the interface. O-ring seals are both the most widely used and the most basic sealing devices in the world. They are incredibly flexible, and are extensively used in various applications ranging from garden hose couplings to essential aerospace applications.

 

Global O Ring Seals Market By Segment

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By type, the market is divided into:

  • Synthetic Rubber
  • Thermoplastic Elastomer

The major applications of O-ring seals are:

  • Electrical and Electronic Products
  • Aerospace Equipment
  • Energy
  • Automobile
  • Machinery Manufacturing
  • Others

The EMR report looks into the regional markets of O-ring seals like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global O Ring Seals Market By Region

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Growing Demand for O-ring Seals in Various End-Use Industries to Aid the Market Growth

As O-ring seal is flexible and simple in design, it is extensively used in major industries like aerospace and aviation, automotive, chemical and petrochemical, oil and gas, medical and healthcare, among others, hence driving the market growth. The flexibility, superior sealing, diverse sizes, reusability, and low manufacturing costs offered by O-ring seals are expected to provide significant growth opportunities to the market for O-ring seals in the forecast period.

With technological advancements, O-ring seals offer an efficient means to achieve better fuel economy. The low maintenance and durability offered by O-ring seals are increasing their use in automobile components, thereby fuelling the market growth. Furthermore, the market is expected to be driven by strict laws integrated by automotive organisations and bureaus regarding the maximum limit of emission of toxic gases such as carbon monoxide and nitrogen oxide. The increasing use of advanced materials in manufacturing O-ring seals for critical applications, including aircraft manufacturing and medical equipment, among others, is expected to drive the market growth in the forecast period.

 

Key Industry Players in the Global O-ring Seals Market

The report gives a detailed analysis of the following key players in the global O-ring seals market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • NOK Corporation
  • Freudenberg SE
  • Parker Hannifin Corp
  • Trelleborg Sealing Solutions Germany GmbH
  • AB SKF
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2021
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Application, Region
Breakup by Type Synthetic Rubber, Thermoplastic Elastomer
Breakup by Application Electrical and Electronic Products, Aerospace Equipment, Energy, Automobile, Machinery Manufacturing, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered NOK Corporation, Freudenberg SE, Parker Hannifin Corp, Trelleborg Sealing Solutions Germany GmbH, AB SKF, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global O-ring Seals Market Analysis

    8.1    Key Industry Highlights
    8.2    Global O-ring Seals Historical Market (2017-2021) 
    8.3    Global O-ring Seals Market Forecast (2022-2027)
    8.4    Global O-ring Seals Market by Type
        8.4.1    Synthetic Rubber
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Thermoplastic Elastomer
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
    8.5    Global O-ring Seals Market by Application
        8.5.1    Electrical and Electronic Products
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Aerospace Equipment
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Energy
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
        8.5.4    Automobile
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2017-2021)
            8.5.4.3    Forecast Trend (2022-2027)
        8.5.5    Machinery Manufacturing
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2017-2021)
            8.5.5.3    Forecast Trend (2022-2027)
        8.5.6    Others
    8.6    Global O-ring Seals Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Competitive Landscape
    11.1    Market Structure
    11.2    Company Profiles
        11.2.1    NOK Corporation
            11.2.1.1    Company Overview
            11.2.1.2    Product Portfolio
            11.2.1.3    Demographic Reach and Achievements
            11.2.1.4    Certifications
        11.2.2    Freudenberg SE
            11.2.2.1    Company Overview
            11.2.2.2    Product Portfolio
            11.2.2.3    Demographic Reach and Achievements
            11.2.2.4    Certifications
        11.2.3    Parker Hannifin Corp
            11.2.3.1    Company Overview
            11.2.3.2    Product Portfolio
            11.2.3.3    Demographic Reach and Achievements
            11.2.3.4    Certifications
        11.2.4    Trelleborg Sealing Solutions Germany GmbH
            11.2.4.1    Company Overview
            11.2.4.2    Product Portfolio
            11.2.4.3    Demographic Reach and Achievements
            11.2.4.4    Certifications
        11.2.5    AB SKF
            11.2.5.1    Company Overview
            11.2.5.2    Product Portfolio
            11.2.5.3    Demographic Reach and Achievements
            11.2.5.4    Certifications
        11.2.6    Others
12    Industry Events and Developments

 

List of Key Figures and Tables

1.    Global O-ring Seals Market: Key Industry Highlights, 2017 and 2027
2.    Global O-ring Seals Historical Market: Breakup by Type (USD Billion), 2017-2021
3.    Global O-ring Seals Market Forecast: Breakup by Type (USD Billion), 2022-2027
4.    Global O-ring Seals Historical Market: Breakup by Application (USD Billion), 2017-2021
5.    Global O-ring Seals Market Forecast: Breakup by Application (USD Billion), 2022-2027
6.    Global O-ring Seals Historical Market: Breakup by Region (USD Billion), 2017-2021
7.    Global O-ring Seals Market Forecast: Breakup by Region (USD Billion), 2022-2027
8.    North America O-ring Seals Historical Market: Breakup by Country (USD Billion), 2017-2021
9.    North America O-ring Seals Market Forecast: Breakup by Country (USD Billion), 2022-2027
10.    Europe O-ring Seals Historical Market: Breakup by Country (USD Billion), 2017-2021
11.    Europe O-ring Seals Market Forecast: Breakup by Country (USD Billion), 2022-2027
12.    Asia Pacific O-ring Seals Historical Market: Breakup by Country (USD Billion), 2017-2021
13.    Asia Pacific O-ring Seals Market Forecast: Breakup by Country (USD Billion), 2022-2027
14.    Latin America O-ring Seals Historical Market: Breakup by Country (USD Billion), 2017-2021
15.    Latin America O-ring Seals Market Forecast: Breakup by Country (USD Billion), 2022-2027
16.    Middle East and Africa O-ring Seals Historical Market: Breakup by Country (USD Billion), 2017-2021
17.    Middle East and Africa O-ring Seals Market Forecast: Breakup by Country (USD Billion), 2022-2027
18.    Global O-ring Seals Market Structure

Key Questions Answered in the Report

The global O-ring seals market is projected to grow at a CAGR of 6.10% between 2022 and 2027.

The market is being driven by the rising vehicle manufacturing and sales, the increasing investment spending, the reusability and low manufacturing costs of O-ring seals, technological advancements, and strict laws integrated by automotive organisations.

The robust growth of end-use industries like the aerospace and automotive industries, the use of advanced materials in the manufacturing of O-ring seals for critical applications, technological advancements, and the stringent regulations regarding emissions from automobiles are expected to propel the market growth.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major types of O-ring seals are synthetic rubber and thermoplastic elastomer.

The significant applications of O-ring seals are electrical and electronic products, aerospace equipment, energy, automobile, and machinery manufacturing, among others.

The major players in the industry are NOK Corporation, Freudenberg SE, Parker Hannifin Corp, Trelleborg Sealing Solutions Germany GmbH, and AB SKF, among others.

Analyst Review

The global O-ring seals market is driven by the rising use of O-ring seals in end-use industries like aerospace and automotive industries. Aided by the rising vehicle manufacturing and sales, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 6.10%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on type, the O-ring seals industry is categorised into synthetic rubber and thermoplastic elastomer. On the basis of application, the market is divided into electrical and electronic products, aerospace equipment, energy, automobile, and machinery manufacturing, among others. The major regional markets for O-ring seals are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market are NOK Corporation, Freudenberg SE, Parker Hannifin Corp, Trelleborg Sealing Solutions Germany GmbH, and AB SKF, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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