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Report Overview
The global O-ring seals market was valued at USD 14.67 billion in 2023 and is expected to grow at a CAGR of 3.9% in the forecast period of 2024-2032. In 2032, the market is expected to be worth USD 20.61 billion.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Competitive Landscape
O-ring seals market players are putting significant emphasis on innovation and product development to deliver greater performance and durability. They will be investing in advanced materials and technologies to meet diversified industry demands for automotive, aerospace, and industrial applications. O-ring seals companies will also expand their global presence and optimise the production process to answer evolving market demands and sustain competitive advantages.
Key Market Players
Key industry leaders in this market are:
NOK Corporation was founded in 1939 in Tokyo, Japan. The service portfolio of NOK ranges from sealing technologies to diversified products such as O-rings, gaskets, and seals for automotive, aerospace, and industrial applications. NOK has gained prominence in material technologies and reliability over the years.
Freudenberg Sealing Technologies GmbH is part of the Freudenberg Group, headquartered in Weinheim, Germany, founded in 1849, and added the sealing division later. The company manufactures high-performance seals, gaskets, and custom-made products for automotive, aerospace, and industrial purposes, and focuses on innovation and sustainability.
Parker-Hannifin Corporation was established in 1917 and is an American corporation based in Cleveland, Ohio, United States. It is one of the largest manufacturers of motion and control technologies globally. Its product profile includes a wide assortment of seals such as O-rings, gaskets, and seals for aerospace, automotive, and industrial applications, with the core business relating to high-tech motion and control systems.
Other O-ring Seals companies are Trelleborg Sealing Solutions, and AB SKF, among others.
O-ring Seals Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global O-ring seals market is projected to grow at a CAGR of 3.9% between 2024 and 2032.
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 market 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, food and beverages, healthcare and medical, automotive and transportation, machinery manufacturing, others.
The major players in the market are NOK Corporation, Freudenberg Sealing Technologies GmbH, Parker-Hannifin Corporation, Trelleborg Sealing Solutions, AB SKF, among others.
In 2023, the O-ring seals market reached a valuation of USD 14.67 billion.
By 2032, the market is aimed at reaching USD 20.61 billion.
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