Market Overview:
The global step seals market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for step seals in mobile hydraulics, air compressors, and other applications. Additionally, the growing demand for FKM fluoroelastomers is also contributing to the growth of this market. However, volatility in raw material prices may restrain the growth of this market during the forecast period.
Product Definition:
A step seal is a type of mechanical seal that uses steps or ridges on the mating faces of the seal to create a labyrinth-like sealing surface. This design helps to prevent leakage by providing multiple sealing points between the two surfaces. Step seals are often used in applications where high pressures and temperatures are present, as they can withstand greater amounts of stress than other types of seals.
Nitrile Rubber:
Nitrile rubber is a synthetic elastomer with high resistance to chemicals, particularly solvents. It offers excellent abrasion and tear resistance along with superior sealing properties. Nitrile rubber is widely used in the manufacturing of automotive parts such as engine gaskets, hoses, seals and O-rings due to its ability to withstand high temperatures.
The global nitrile market size was valued at USD 1.91 billion in 2016.
FKM Fluoroelastomers:
The global fluororesin market is expected to witness significant growth over the forecast period owing to increasing demand from end-use industries such as automotive, construction, and electrical & electronics. Fluororesins are a class of synthetic elastomers that exhibit resistance to high temperatures along with excellent chemical stability.
Application Insights:
The other applications include automotive, aerospace and defense. The mobile hydraulic application segment accounted for the largest share in 2016 and is projected to witness significant growth over the forecast period. This can be attributed to growing demand for seals from various industries including oil & gas, chemical, power generation and construction among others.
Air compressor application segment is also expected to witness considerable growth over the next eight years owing to its rising use in industrial as well as residential applications. Air compressors are used across multiple verticals such as energy generation, metalworking and food processing among others which further boosts market growth on a global level.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising construction activities, coupled with growing automotive industry. In addition, increasing oil & gas exploration activities are also anticipated to drive product demand in this region.
The Asia Pacific was followed by Europe wherein countries such as Germany, France and Italy accounted for a major share of the regional market space owing to their well-established industries coupled with high technological advancements across all sectors including manufacturing, energy & power and transportation sector. Moreover, presence of several OEMs along with stringent regulations by various regulatory bodies such as European Compressor Seal Association (ECSA) regarding compressor seals safety standards is further expected to drive regional growth over the forecast period.
Growth Factors:
- Increasing demand from the automotive industry for fuel efficiency and emission control
- Growing demand for Step Seals in Asia Pacific due to rising industrialization and urbanization
- Rising popularity of hydraulic fracturing or fracking that requires seals with high step heights
- Technological advancements that have led to the development of new and improved Step Seals 5. Growing awareness about the benefits of using Step Seals, which is resulting in their increased adoption across a range of industries
Scope Of The Report
Report Attributes
Report Details
Report Title
Step Seals Market Research Report
By Type
Nitrile Rubber, FKM Fluoroelastomers
By Application
Mobile Hydraulics, Air Compressors, Others
By Companies
Vijay Seals, Grover Corporation, Hiflon Polymer Industries, Ningbo Taifno PTFE Plastic Products, Fluoroplast Engineers
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
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Step Seals Market Report Segments:
The global Step Seals market is segmented on the basis of:
Types
Nitrile Rubber, FKM Fluoroelastomers
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
Mobile Hydraulics, Air Compressors, 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:
- Vijay Seals
- Grover Corporation
- Hiflon Polymer Industries
- Ningbo Taifno PTFE Plastic Products
- Fluoroplast Engineers
Highlights of The Step Seals 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:
- Nitrile Rubber
- FKM Fluoroelastomers
- By Application:
- Mobile Hydraulics
- Air Compressors
- 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 Step Seals 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?
Step seals are a type of adhesive that is used to attach two pieces of plastic or other material together.
Some of the key players operating in the step seals market are Vijay Seals, Grover Corporation, Hiflon Polymer Industries, Ningbo Taifno PTFE Plastic Products, Fluoroplast Engineers.
The step seals market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Step Seals Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Step Seals Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Step Seals Market - Supply Chain
4.5. Global Step Seals Market Forecast
4.5.1. Step Seals Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Step Seals Market Size (000 Units) and Y-o-Y Growth
4.5.3. Step Seals Market Absolute $ Opportunity
5. Global Step Seals Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Step Seals Market Size and Volume Forecast by Type
5.3.1. Nitrile Rubber
5.3.2. FKM Fluoroelastomers
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Step Seals Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Step Seals Market Size and Volume Forecast by Application
6.3.1. Mobile Hydraulics
6.3.2. Air Compressors
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Step Seals Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Step Seals Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Step Seals Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Step Seals Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Step Seals Demand Share Forecast, 2019-2026
9. North America Step Seals Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Step Seals Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Step Seals Market Size and Volume Forecast by Application
9.4.1. Mobile Hydraulics
9.4.2. Air Compressors
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Step Seals Market Size and Volume Forecast by Type
9.7.1. Nitrile Rubber
9.7.2. FKM Fluoroelastomers
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Step Seals Demand Share Forecast, 2019-2026
10. Latin America Step Seals Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Step Seals Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Step Seals Market Size and Volume Forecast by Application
10.4.1. Mobile Hydraulics
10.4.2. Air Compressors
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Step Seals Market Size and Volume Forecast by Type
10.7.1. Nitrile Rubber
10.7.2. FKM Fluoroelastomers
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Step Seals Demand Share Forecast, 2019-2026
11. Europe Step Seals Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Step Seals Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Step Seals Market Size and Volume Forecast by Application
11.4.1. Mobile Hydraulics
11.4.2. Air Compressors
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Step Seals Market Size and Volume Forecast by Type
11.7.1. Nitrile Rubber
11.7.2. FKM Fluoroelastomers
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Step Seals Demand Share, 2019-2026
12. Asia Pacific Step Seals Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Step Seals Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Step Seals Market Size and Volume Forecast by Application
12.4.1. Mobile Hydraulics
12.4.2. Air Compressors
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Step Seals Market Size and Volume Forecast by Type
12.7.1. Nitrile Rubber
12.7.2. FKM Fluoroelastomers
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Step Seals Demand Share, 2019-2026
13. Middle East & Africa Step Seals Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Step Seals Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Step Seals Market Size and Volume Forecast by Application
13.4.1. Mobile Hydraulics
13.4.2. Air Compressors
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Step Seals Market Size and Volume Forecast by Type
13.7.1. Nitrile Rubber
13.7.2. FKM Fluoroelastomers
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Step Seals Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Step Seals Market: Market Share Analysis
14.2. Step Seals Distributors and Customers
14.3. Step Seals Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Vijay Seals
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Grover Corporation
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Hiflon Polymer Industries
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Ningbo Taifno PTFE Plastic Products
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Fluoroplast Engineers
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
