1,Overview
seals as one of China’s important basic components, in recent years with the continuous development of China’s economy, China’s seals industry has also followed the rapid development of the current stage has made great progress, the production of products can basically meet the domestic demand, and has become an important basic industry required for the development of China’s machinery industry. According to information, in 2022, China’s seal industry market size of about 157.21 billion yuan, an increase of 5.3%; production of about 1,691,900 tons, an increase of 3.3%; demand for about 1,613,200 tons, an increase of 3.5%.
Keywords: seals industry development trend, seals industry competition pattern, seals industry market size, seals output.
Seals are materials or parts that prevent fluids or solid particles from leaking out from between adjacent bonding surfaces as well as preventing external impurities such as dust and moisture from intruding into the internal parts of machinery and equipment. Seals in modern machinery manufacturing and industrial production plays a pivotal role, can play to ensure the safety and reliability of equipment, extend the life and reduce losses and other roles, is China’s national defense, chemical industry, petroleum, coal, transportation and machinery manufacturing and other major industries of the national economy in the basic components and accessories, in the development of the national economy occupies a fairly important position. Seals of various types, according to the use can be divided into static seals, dynamic seals; according to the material can be divided into rubber seals, plastic seals, metal seals; according to the shape of the structure can be divided into square seals, round seals, special seals.
| Sealings | By use | Static Seal |
| Dynamic Seals | ||
| By material | Rubber Seals | |
| Plastic Seals | ||
| Metal Seals | ||
| By shape | U-shaped seals | |
| V-Shape Seals | ||
| Shaped Seals |
2,Industry Policy
Seals to support the development of equipment manufacturing industry for the basic components, its level directly determines the performance, quality and reliability of major equipment and host products, is an indispensable part of China’s high-end manufacturing development process. For China’s high-end seals are still weak this status quo, in recent years, the state and local government departments for seals, sealing materials and other mechanical parts and components to promulgate a number of supportive policies, which greatly promote the development of the industry.
3, Industry Chain
Seals industry chain upstream for the supply of raw materials, mainly including steel, alloys, rubber, plastics, ceramics, etc.; midstream for the production and supply of seals; downstream is widely used in petrochemical, coal chemical industry, engineering machinery, metallurgy, pharmaceuticals, food, textiles, automobiles, home appliances and other fields.
Steel, rubber and plastic are the most important raw materials for seals, with the continuous development of China’s iron and steel industry and petrochemical industry, China’s production of steel, rubber and plastics is also growing, which provides an adequate raw material base for the development of China’s seal industry. According to information, in 2022, China’s steel, synthetic rubber and primary forms of plastic production were 134,334,800 tons, 8,362,100 tons and 114,881,000 tons, respectively, an increase of 0.3%, 1.9% and 2.6% year-on-year.
4,Current Status of Development
Seals as the equipment manufacturing industry depends on the survival and development of the foundation, with the rapid development of the global petrochemical, machinery and equipment, power metallurgy and other industries in recent years, for the development of the seal industry has brought a huge demand for the market, which in turn promotes the continued expansion of the scale of the global seals. According to information, in 2022, the global market size of the seal industry is about 82.216 billion U.S. dollars, a year-on-year growth of 3.7%; production of about 4,939,600 tons, a year-on-year growth of 3.1%; demand for about 4,931,800 tons, a year-on-year growth of 3.1%.
Seals as one of China’s important basic components, in recent years with the continuous development of China’s economy, China’s seals industry has also followed the rapid development of the current stage has made great progress, the production of products can basically meet the domestic demand, and has become an important basic industry required for the development of China’s machinery industry. At present, China’s seal downstream customers are divided into stock and incremental two types of market, due to the value of seals accounted for a very low proportion, generally about 1%, for the investment of tens of billions of dollars of large-scale refining and chemical equipment, the value of seals can even be ignored. However, seals are consumables, 1-3 years will need to be replaced, and the importance of seals is very high, compressors, pumps and other equipment used in high temperature, high pressure, high-risk media environment, once the leakage of the environment, the staff and the economic benefits of the impact of all self-evident. Therefore, compared with the incremental market, the stock market has a higher added value. According to the data, in 2022, the market size of China’s seal industry is about 157.21 billion yuan, an increase of 5.3% year-on-year; production is about 1,691,900 tons, an increase of 3.3% year-on-year; demand is about 1,613,200 tons, an increase of 3.5% year-on-year. From the industry market structure, metal seals is China’s largest sub-category, the market share of about 55.13. With the demand for seals in recent years the gradual high-end development of products, sealing technology requirements are increasingly high, and rubber seals have better elasticity, mechanical strength and other advantages, the market share is increasing, is expected to gradually replace the metal seals to become the mainstream of the market.
Seals as one of China’s important basic components, in recent years with the continuous development of China’s economy, China’s seals industry has also followed the rapid development of the current stage has made great progress, the production of products can basically meet the domestic demand, and has become an important basic industry required for the development of China’s machinery industry. At present, China’s seal downstream customers are divided into stock and incremental two types of market, due to the value of seals accounted for a very low proportion, generally about 1%, for the investment of tens of billions of dollars of large-scale refining and chemical equipment, the value of seals can even be ignored. However, seals are consumables, 1-3 years will need to be replaced, and the importance of seals is very high, compressors, pumps and other equipment used in high temperature, high pressure, high-risk media environment, once the leakage of the environment, the staff and the economic benefits of the impact of all self-evident. Therefore, compared with the incremental market, the stock market has a higher added value. According to the data, in 2022, the market size of China’s seal industry is about 157.21 billion yuan, an increase of 5.3% year-on-year; production is about 1,691,900 tons, an increase of 3.3% year-on-year; demand is about 1,613,200 tons, an increase of 3.5% year-on-year. From the industry market structure, metal seals is China’s largest sub-category, the market share of about 55.13. With the demand for seals in recent years the gradual high-end development of products, sealing technology requirements are increasingly high, and rubber seals have better elasticity, mechanical strength and other advantages, the market share is increasing, is expected to gradually replace the metal seals to become the mainstream of the market.
Related Report: China Seals Industry Market Operation Pattern and Future Prospect Analysis Report by Wisdom Research Consulting.
5,Growing Trend
New material technology drives the development of the industry. In recent years, in China’s new materials industry policy and technology development, including the issuer, including the seal manufacturer has gradually increased in polyurethane sealing materials, modified engineering plastics and other sealing materials continued R & D investment in the field of sealing materials, sealing materials technology has made great progress. Especially in the field of polyurethane sealing materials, domestic seal manufacturers according to the global development of polyurethane sealing materials development line development and to be independent research and development innovation, and gradually mastered the polyurethane sealing materials research and development, production of the core technology, product material performance has to meet the requirements of some of the high-end applications of the market field of equipment, with a certain degree of competitiveness in the market. The rapid development of sealing materials will further promote the rapid development of the hydraulic and pneumatic seals industry, and further promote the localization of seals for high-end applications.
Import substitution accelerated. At present, the domestic seals for high-end applications market localization rate is low, the domestic market supply is mainly Parker Hannifin, NOK, Trelleborg, Hurlitt and a few other internationally renowned foreign enterprises. International advantageous enterprises through the establishment of joint ventures in China, the development of agents, dealers will seal products sold to construction machinery, coal mining machinery and other OEMs. With the domestic seal manufacturers have made breakthroughs in technology, product performance can be improved, while playing the advantages of localization, will gradually realize the domestic alternative to imports. Relying on cost-effective advantages and geographical advantages, domestic brands will break the dependence of domestic OEMs on international brands, the market penetration rate will gradually increase, and at the same time, with the cost-price advantage, domestic brands in the international market share will also be further expanded.
The above data and information can be referred to the “China Seals Industry Market Operation Pattern and Future Prospect Analysis Report” published by Wisdom Research Consulting (www.chyxx.com).
