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High Pressure Sealants Market

High Pressure Sealants Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2030

High Pressure Sealants: Introduction

  • High pressure sealants are primarily designed for handling large amount of pressure in a high pressure steam, air & water joints, hydraulic and pneumatic fittings, etc. High pressure sealants help provide permanent seal and sustain joint efficiency under high vibration, pressure, and fluctuations in temperature.
  • Based on form, the global high pressure sealants market can be bifurcated into liquid and cement. The liquid form is primarily used to seal threads and machined connections, thereby attaining close tolerance level in the machine. The cement form is used on to rough or scored surfaces.

Rise in Demand for High Pressure Sealants in Industrial Sector to Drive High Pressure Sealants Market

  • High pressure sealants offer excellent sealing ability. Hence, these are mainly used in steel, energy generation, chemical processing, and other (heavy equipment, pulp & paper, etc.) end-use industries. In these industries, high pressure sealants aid in galling and thread wear, thereby enhancing the lifespan of the equipment used in the industrial sector.
  • Improvement in social economic conditions, rise in GDP, and increase in investments in the industrial sector are projected to drive the demand for high pressure sealants in the near future. This is expected to boost the consumption of high pressure sealants due to their excellent ability of permanent sealing and joint efficiency.

Impact of COVID-19 on Global High Pressure Sealants Market

  • The COVID-19 pandemic hampered the global economy in the first quarter of 2020. It primarily affected activities in the manufacturing sector including oil & gas, chemical, steel, aerospace, and automotive & transportation. Many companies manufacturing industrial products have been facing challenges due to stoppage in production activities, supply chain disruption, cost escalation, and the unavailability of workforce. This has led to decreased production and consumption of high pressure sealants. However, the industrial sector has been gaining momentum across the globe. This is likely to drive the demand for high pressure sealants in the near future. 

Asia Pacific to Hold Prominent Share of Global High Pressure Sealants Market

  • In terms of region, the global high pressure sealants market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • Asia Pacific held the major share of the global high pressure sealants market in 2019. Europe and North America are the key regions wherein majority of the producers of high pressure sealants are concentrated.  
  • China has significant presence of major chemical and polymer manufacturing companies in Asia Pacific. Additionally, the country is home to major manufacturing companies for chemical and petrochemical products; hence, demand for heavy equipment and machinery is high in China. Thus, demand for high pressure sealants is expected to increase in China due to their excellent sealing and joining ability.
  • Governmental initiatives such as “Make in India” across India have helped the country become a manufacturing hub for global giants including GE, Siemens, HTC, Toshiba, and Boeing. These companies are in process of setting up production plants in India. The cumulative Foreign Direct Investment (FDI) in the production sector in India during April 2000 to March 2020 reached US$ 88.45 Bn. This is expected to boost opportunities for the high pressure sealants market across the country between 2020 and 2030.
  • The market in Latin America and Middle East & Africa is anticipated to expand at a slower pace, as these regions rely on import of high pressure sealants from developing and developed countries

Key Players Operating in Global Market

  • The global high pressure sealants market is consolidated. Key players operating in the global high pressure sealants market include:
    • ROCOL
    • The 3M Company
    • Henkel AG & Co. KGaA
    • Whitmore Manufacturing LLC.
    • Permatex

Global High Pressure Sealants Market: Research Scope

Global High Pressure Sealants Market, by Form

  • Liquid
  • Cement

Global High Pressure Sealants Market, by End-use Industry

  • Oil & Gas
  • Industrial
    • Steel Industry
    • Energy Generation
    • Chemical
    • Others (Heavy Equipment and Pulp & Paper)
  • Aerospace & Marine
  • Automotive & Transportation
  • Others (Wastewater Treatment, etc.)
High Pressure Sealants Market

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