Chevron Seals Market Share, Size, Trends, Industry Analysis Report, By Configuration (Circular, V-shaped, U-shaped, Curved, Others); By Material; By Application; By End Use; By Region; Segment Forecast, 2023- 2032
- Published Date:Nov-2023
- Pages: 115
- Format: PDF
- Report ID: PM3944
- Base Year: 2022
- Historical Data: 2019-2021
Report Outlook
The global chevron seals market was valued at USD 4.56 billion in 2022 and is expected to grow at a CAGR of 4.5% during the forecast period.
Chevron is a seal that is primarily used to seal cylinders and rods. When households witness gas leakage, they use these seals to control leakage and promote the functioning of the cylinder. These seals solely react with the pressure and make automatic sealing of the equipment. They are primarily designed for translational movements. The growing requirement for seals in various disciplines is driving demand for the product in the coming years.
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- For instance, in January 2021, Trelleborg, an aerospace sealing solutions manufacturer, introduced Turcon VL Seal II for hydraulic actuators in landing gear and flight controls. This provides improved sealing efficiency, simpler installation, and even higher reliability. Extensive testing demonstrates its exceptional 'zero' leakage performance to maximize service life and save on planned maintenance.
Moreover, the use of chevrons is not only limited to aerospace and cylinders; it is also used in packaging industries to provide airtight sealing as it helps firms protect the product from damage. This is further boosting the demand for chevron seals in the future.
However, the primary issue with this design is the constant modification required to maintain a tight operating seal as the packings deteriorate. The necessity for readjusting may be necessary regularly, depending on the usage intervals. In the long term, more expenses and poorer efficiency result from monitoring the compressor's performance and the constant requirement for modification. This is hampering future demand for the product.
Growth Drivers
- Growing application of chevron seals in various sectors
Chevron packing seals are layered vertically between the header and the ring at the base. They are created and crafted for a variety of uses to fit the machinery in a variety of end-user industries, including the oil and gas, petrochemical, construction, and nuclear sectors. Due to their superior sealing performance and dimensional adaptability, these seals were chosen. The most frequent uses for Chevron seals are in situations where contamination and damage are possible. Because they can regulate shaft or piston pressure during linear or rotary motion, these seals are highly recommended for hydraulic applications. Furthermore, in the food and beverage industry, chevron seals are used for the transportation of bulk materials like liquids, grains, and powders.
Report Segmentation
The market is primarily segmented based on configuration, material, application, end use and region.
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By Configuration |
By Material |
By Application |
By End-Use |
By Region |
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By Configuration Analysis
- V-shaped segment is expected to witness highest growth during the forecast period
The V-shaped segment is projected to grow at a higher rate during the study period, mainly driven by its wide range of beneficial characteristics and features. They assist effectively in protecting shafts from harmful foreign substances like grease, dirt, dust, and moisture that could otherwise get past an oil seal. Additionally, the shaft and bearings are kept lubricated by these sturdy seals. V-Rings are advantageous in a variety of applications due to their endurance and the power of their tight-fitting grip, but they are especially helpful when the shaft is not exactly aligned. This is since these axial face seals have extremely broad tolerances, allowing them to adjust to shaft movement while still functioning properly and producing a consistent shape.
The u-shaped segment led the industry market with substantial revenue share in 2022, primarily imputable to its effectiveness in static sealing. These seals are suitable for the usage in various industries including, manufacturing, construction and agriculture as static sealing is a primary need. The growing expansion of these industries at global level is driving the growth and demand for u-shaped chevron seals in the coming years.
By Material Analysis
- Elastomer segment witnessed the largest market share in 2022
The elastomer segment accounted for the largest chevron seals market share. This material is known for its effectiveness in sealing. They work efficiently to ensure the tightness of the seal, driving its demand among consumers. Furthermore, one of the primary factors driving the growth of elastomer-based sealing is chemical compatibility. It is suitable for various forms, like liquids and chemicals.
By Application Analysis
- Hydraulic Cylinders segment witnessed the significant market revenue share in 2022
The hydraulic cylinder segment held a significant market share in revenue in 2022, which is highly imputable to the growing awareness about the functioning of chevron seals in safeguarding the cylinder from fire accidents. In order to reduce friction and guard against leaks and blowouts, hydraulic cylinder seals are made to form a pressure-tight seal around the piston rod. Furthermore, demand for chevron seals for this application is growing owing to their cost effectiveness in terms of durability and low cost of maintenance.
By End Use Analysis
- Oil and Gas segment registered the stable growth in 2022
The oil and gas segment held significant growth in 2022, which is highly fueled by the need for efficient sealing solutions to reduce fire accidents and create a secure environment for storage and transportation. Mud pump packing is one of the most common uses for these seals, as it exposes them to high pressure and an abrasive medium that contains a variety of particles, oil, and water. In this industry, they considerably lessen the risk posed by concealed gaps, flow lines, and inlet expansions. As a result, product life is extended and machine downtime is decreased, fueling its demand in the future as the ongoing expansion of the oil and gas industry may create new growth opportunities.
Regional Insights
- Asia Pacific region accounted for the largest share of the global market in 2022
The Asia Pacific region dominated the global market. The presence of industrial economies in the region, including China, India, and other countries, is stimulating the growth of the chevron seals market due to the increasing demand for them in the automotive, oil and gas, and manufacturing industries. According to Invest India, India's oil consumption is projected to rise from 4.7 mb/day in 2021 to 6.7 mb/day in 2030 and then to 8.3 mb/day in 2050, an increase of 40%. This will further create new growth opportunities for the chevron seals market as this will increase production activities, driving its use in equipment and oil rig components.
The Europe region is expected to be the fastest growing region with a higher rate during the forecast period. The presence of effective regulation to conserve the environment is driving the demand for tools to reduce emissions and prevent leakages for various industries. This can be achieved by the adoption of chevron seals by companies, which will further fuel the demand for them in this region.
Key Market Players & Competitive Insights
The chevron seals market is witnessing huge demand owing to the growing number of new product launches catering to consumer needs and a rise in marketing campaigns by manufacturers showcasing the product features. The rise in companies looking for collaborations, partnerships, mergers, and acquisitions is enhancing the marketplace with innovative and effective product creation, driving demand for seals in the future.
Some of the major players operating in the global market include:
- All Seals
- Ashton Seals
- BSCL
- Freudenberg Sealing Technologies
- Freudenberg Simrit
- GARLOCK FAMILY OF COMPANIES
- James Walker Group
- Kastas Sealing Technologies Europe
- Martin's Rubber Company
- One Stop Sealing Ltd
- PARAKH RUBBER HOUSE
- Precision Polymer Engineering/IDEX
- Raycom Engineering
- Sealco International
Recent Developments
- In February 2020, Harpak-ULMA introduced a flow pack solution that can apply a chevron seal for the medical packaging. Its ease of opening has been significantly improved, making a viable alternative for dimensional, bigger, or bulkier disposable products that require a robust yet user-friendly seal.
Chevron Seals Market Report Scope
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Report Attributes |
Details |
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Market size value in 2023 |
USD 4.75 billion |
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Revenue forecast in 2032 |
USD 7.07 billion |
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CAGR |
4.5% from 2023 – 2032 |
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Base year |
2022 |
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Historical data |
2019 – 2021 |
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Forecast period |
2023 – 2032 |
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Quantitative units |
Revenue in USD billion and CAGR from 2023 to 2032 |
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Segments covered |
By Configuration, By Material, By Application, By End Use, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
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Customization |
Report customization as per your requirements with respect to countries, region and segmentation. |
