Increase in Production of Motor Vehicle Expected to Drive Global Graphite Seals Market: Ken Research

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Graphite seal is simple device made from graphite. It is used to fill the vacant spaces between the coupling surfaces to avoid leakage & wastage of gas and fluids. It helps in maintaining pressure and avoids contamination from an external environmental condition. As the graphite can endure pressure, heat and aggressive chemicals, the graphite seals are useful in refineries, industrial fluid sealing, and steam services.

According to study, “Global Graphite Seals Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use” the key companies operating in the global graphite seals market are GrafTech, EagleBurgmann, Lamons, Guangan Chemical, Mersen, Teamful Sealing Technology, Flexitallic, Graphite Tech, Gee Graphite, Tiansheng, Mercer Gasket, Hennig Gasket, Nippon Valqua, SinoSeal, Wealson, Qimeng, Shuk. The key industry participants are developing & testing graphite seals with composite material designs to increase the functionality of the product in harsh conditions in heat transfer and chemical processing applications. In addition, several players are also developing patented materials for improving the features of sealing components, thus driving the demand for graphite seals.

Based on type, graphite seals market is segmented into flexible graphite seals and inflexible graphite seals. Flexible graphite seals are made with high purity flexible graphite reinforced using metallic or non-metallic inserts.

Based on product type, market is segmented into mechanical seal, rotary seal, O-ring seal and other seals. Based on application, market is segmented into steam generator, pressurizer, heat exchanger, shut off valves, quarter rotation, adjustment & regulation in linear movement, piping shutters, piping connecting flange & boiler devices, device closings with autoclave systems, rotating machinery (interior of pumps and compressors), valves (body/bonnet sealing, seat sealing), cryogenic applications, hot air and other gas circuit. In addition, based on end-use industry, market is segmented into oil & gas, marine & rail, automotive, electrical & electronics, power & energy, industrial & manufacturing, chemical & petrochemicals and others.

Global Graphite Seals Market

The graphite seals market is driven by increase in production of motor vehicle & machinery output, followed by rise in improvements in seals, growth in capacity to purchase gasket & seal containing equipment due to increasing fixed investments. However, increase in automation leads to decline in usage of seals and rise in prices of raw materials such as graphite may impact the market. Moreover, rise in industrialization in developing economies and growth in better transmission sealing to meet original equipment manufacturer (OEM) demand are key opportunities for market. Furthermore, growth in usage of industrial automation is a major challenge for market.

Based on geography, the Asian-Pacific region holds major share in graphite seals market owing to growth in industrial sector and rise in disposable income in the region. Whereas, the North-American and European regions are estimated to witness higher growth rate due to rise in demand from the chemical & petrochemical sectors over the forecast period. In upcoming years, it is predicted that future of the market will be optimistic as a result of increase in product demand from oil & gas industry during the forecast period.

For More Information on the research report, refer to below link:-

Global Graphite Seals Market

Related Report:-

Graphite Seals Market Research: Global Status & Forecast by Geography, Type & Application (2015-2025)

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Ken Research
Ankur Gupta, Head Marketing & Communications
ankur@kenresearch.com
+91-9015378249

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