high performance seals market Report 2021, Featuring Key Players - SKF (Sweden), IDG-Dichtungstechnik GmbH (Germany), James Walker (US), CARCO S.R.L (Italy)
The global high-performance seals market is growing rapidly, witnessing the augmenting demand from the various burgeoning industries such as power generation, automotive aerospace & defense, and pharmaceutical. However, the oil & gas sector is the largest end-user high-performance seals and therefore drives substantial market demand. The O&G industry consumes a huge amount of high-performance seals for its requirements in the drilling tools & bits, drilling mud systems, blow-out preventers, casing & pipe connections, compressors & pumps, and control valves. As a result, these high-performance seals garner a colossal market prominence and market demand. According to Market Research Future (MRFR), the global high-performance seals market is poised to generate a value of USD 8,049.9 MN by 2024. In its recently published analysis, MRFR also asserts that the market would register approximately 6.81% CAGR during the review period (2018-2024). Other prominent end-u