Market Overview:
The global circular seal market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for circular seals in various applications, such as chemical, oil & gas, food industry machinery, pharmaceuticals and others. Additionally, the growing awareness about the benefits of using circular seals is also contributing to the growth of this market.
Product Definition:
A circular seal is a type of seal used to provide a tamper-evident closure on containers. The circular seal has a protrusion that is inserted into the container's opening, and the lid can then be screwed on, locking the protrusion in place. If someone attempts to remove the lid without first removing the circular seal, it will pull free from the container and leave evidence of tampering.
NBR:
NBR, also known as nitrile butadiene rubber or polymer, is a synthetic elastomer. It is manufactured by the polymerization of nitrile butadiene resin. NBR finds application in various industries including automotive and transportation, industrial hoses & tubes, footwear soles & heels and consumer goods among others.
NR:
The National Renewable Energy Action Plan (NREAP) is a long-term policy framework for the development of renewable energy in India. It aims at increasing the share of renewable energy to 20% by 2020 and about 40% by 2030, from its current level of about 18%. The government has set several policies and initiatives to achieve this target. One such initiative is the National Solar Mission, which was launched in 2006 with an objective to develop a solar industry in India.
Application Insights:
The global market is segmented by application into chemical, oil & gas, food industry machinery, pharmaceutical and others. The other applications include automotive and aerospace components. Circular seals are used in various applications including oil & gas production facilities, chemical plants as well as petrochemical storage terminals. They are also used in the processing of crude oil or natural gas to produce petroleum products such as gasoline or diesel fuel at refineries.
Circular seals ensure a tight fit between components that operate under high temperatures and pressures while maintaining hygiene conditions for the production of pharmaceutical equipment or food machinery parts where cleanliness is essential for product quality and safety standards compliance.
Regional Analysis:
Asia Pacific circular seal market is expected to grow at the highest CAGR of XX% from 2018 to 2030 owing to rapid industrialization and increasing foreign investments in the region. In addition, rising construction activities due to growing population are anticipated to drive product demand over the forecast period.
The presence of major manufacturers such as Nippon Rubber Co., Ltd.; Sumitomo Rubber Industries, Ltd.; and Kose Corp., has led Asia Pacific Circular Seal Market dominance in terms of production as well as consumption over the past few years. The growth can be attributed mainly for its expanding application scope across a wide range of industries including chemical, oil & gas, food industry machinery among others which have led it being one of the most preferred markets across this region since 2016-2017 timeframe.
North America circular seal market was valued at USD X million in 2017.
Growth Factors:
- Increasing demand from end-use industries: The global Circular Seal market is projected to grow at a CAGR of 5.5% from 2017 to 2022, owing to the increasing demand from end-use industries such as automotive, aerospace & defense, and oil & gas.
- Rising awareness about the benefits of using circular seals: There is a growing awareness among consumers about the benefits of using circular seals in various applications, which is expected to drive the growth of the market during the forecast period.
- Technological advancements: The development of new technologies that offer better performance and efficiency is expected to boost the growth of this market in coming years. For instance, recent technological advancements have led to the development of low-friction circular seals that offer improved performance over traditional counterparts.
- Growing popularity of eco-friendly products: Consumers are increasingly preferring eco-friendly products and are willing to pay more for them; this trend is expected to benefit players operating in this market overthe forecast period .Circular seal manufacturers are focusing on developing environmentally friendly products that can be used across various applications such as automotive and aerospace & defense industry segments.. 5 Emerging economies offer potential growth opportunities: The global Circular Sealmarket offers potential growth opportunities in emerging economies such as Chinaand India dueto rapid industrialization and rising disposable income levels among consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Circular Seal Market Research Report
By Type
NBR, NR, BR
By Application
Chemical, Oil & Gas, Food Industry Machinery, Pharmaceutical, Others
By Companies
Hutchison, Essentra Components, Lidering, Norelem, KASTAS Sealing Technologies, AIGNEP, Techne, Trelleborg Sealing Solutions
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
165
Number of Tables & Figures
116
Customization Available
Yes, the report can be customized as per your need.
Global Circular Seal Market Report Segments:
The global Circular Seal market is segmented on the basis of:
Types
NBR, NR, BR
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Chemical, Oil & Gas, Food Industry Machinery, Pharmaceutical, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Hutchison
- Essentra Components
- Lidering
- Norelem
- KASTAS Sealing Technologies
- AIGNEP
- Techne
- Trelleborg Sealing Solutions
Highlights of The Circular Seal Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- NBR
- NR
- BR
- By Application:
- Chemical
- Oil & Gas
- Food Industry Machinery
- Pharmaceutical
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Circular Seal Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A circular seal is a type of stamp used to create an impression on paper. It has a raised design that is surrounded by a circle of metal. The stamp is pressed against the paper and then rotated, creating the impression.
Some of the major companies in the circular seal market are Hutchison, Essentra Components, Lidering, Norelem, KASTAS Sealing Technologies, AIGNEP, Techne, Trelleborg Sealing Solutions.
The circular seal market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Circular Seal Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Circular Seal Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Circular Seal Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Circular Seal Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Circular Seal Market Size & Forecast, 2020-2028
4.5.1 Circular Seal Market Size and Y-o-Y Growth
4.5.2 Circular Seal Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 NBR
5.2.2 NR
5.2.3 BR
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Chemical
6.2.2 Oil & Gas
6.2.3 Food Industry Machinery
6.2.4 Pharmaceutical
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Circular Seal Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Circular Seal Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 NBR
9.6.2 NR
9.6.3 BR
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Chemical
9.10.2 Oil & Gas
9.10.3 Food Industry Machinery
9.10.4 Pharmaceutical
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 NBR
10.6.2 NR
10.6.3 BR
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Chemical
10.10.2 Oil & Gas
10.10.3 Food Industry Machinery
10.10.4 Pharmaceutical
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 NBR
11.6.2 NR
11.6.3 BR
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Chemical
11.10.2 Oil & Gas
11.10.3 Food Industry Machinery
11.10.4 Pharmaceutical
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 NBR
12.6.2 NR
12.6.3 BR
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Chemical
12.10.2 Oil & Gas
12.10.3 Food Industry Machinery
12.10.4 Pharmaceutical
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 NBR
13.6.2 NR
13.6.3 BR
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Chemical
13.10.2 Oil & Gas
13.10.3 Food Industry Machinery
13.10.4 Pharmaceutical
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Circular Seal Market: Competitive Dashboard
14.2 Global Circular Seal Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hutchison
14.3.2 Essentra Components
14.3.3 Lidering
14.3.4 Norelem
14.3.5 KASTAS Sealing Technologies
14.3.6 AIGNEP
14.3.7 Techne
14.3.8 Trelleborg Sealing Solutions
