The hydraulic seals market was valued at US$ 3,950.09 million in 2019 and is projected to reach US$ 5,770.71 million by 2027; it is expected to grow at a CAGR of 4.9% from 2020 to 2027.
Hydraulic seals are highly preferred by various end-user industries and are broadly used in hydraulic transmission systems. This is due to the numerous advantages offered by hydraulic sealing systems in providing efficient leakage protection control. Hydraulic seals are critical in machinery equipment. Process industries have unfavorable conditions that generally deteriorate the material of the equipment. These conditions have forced the vendors to manufacture hydraulic seals with high-quality materials that can withstand heavy-duty operations. Hydraulic seals are highly recognized for their excellent sealing ability in oil and pressure systems. Hydraulic seal prohibits dirt from entering any part of the internal mechanical system and thereby prevents contamination.
Hydraulic cylinders are highly utilized by various end-use industries such as automotive, agriculture, construction, aerospace, and oil & gas. Hydraulic seals play a pivotal role in hydraulic cylinders. High-performance seals are required to contain the pressurized fluids in a hydraulic cylinder system and keep it in motion. Continuous demand in industries where hydraulic systems play a crucial role is boosting the adoption of hydraulic cylinders, which, in turn, drives the growth of the hydraulic seals market. Irreplaceability of hydraulic systems in aviation, manufacturing, construction equipment, and infrastructure also bolsters the growth of the hydraulic seals market. The incorporation of machinery with hydraulic cylinders encourages growth in functionality, accuracy, and offers enhancements in controlled performance and ease-of-use. Increasing demand for material handling equipment and rising construction activities for contributing to economic development is amplifying the utilization of hydraulic cylinders. Growing demand for sophisticated agriculture machinery combined with escalating population size and rising the oil & gas industry are further augmenting the demand for hydraulic cylinders. Hydraulic cylinders are the highly preferred actuators for oil and gas applications owing to key characteristics of high power-to-size ratio, durability in harsh environments, and constantly held force and torque. For instance, the small and compact form of hydraulic cylinders helps effectively utilize powerful, lightweight, and heavy-duty equipment to conduct narrow hole drilling and efficient pipe handling. Besides, the double-acting function-based hydraulic cylinders are widely used for heavy trucks, forklifts, and earth moving equipment. Thus, the extensive utilization of hydraulic cylinders across various end-use industries coupled with the technological advancements in the hydraulic industry is driving the growth of the hydraulic seals market.