| |OCTOBER 202219systems. The manufacturers develop seals in various sizes, depending on the shaft diameter of machines. Industrial seals are manufactured with different materials such as industrial rubber, fluorosilicone, polytetrafluoroethylene, polyurethane and others to serve different needs in the market.APPLICABLE IN LEAKAGE PREVENTIONOver the past few years, the sealing technology has been adopted by several industries owing to its leakage prevention applications under extreme pressure, temperature and shaft speed. In recent times, a trend of adopting customized seals in various industries can be seen which is propelling the market growth. The major application of customized elastomeric seals in the oil and gas industry is attributed to its high use in exploration activities.Furthermore, the manufacturing companies are working continuously in creating a sustainable and scaled offering for their customers. Several small and mid-sized manufacturing companies have successfully adopted the process of customization for their clients. This process allows the manufacturing companies to provide reliable, fitted, flexible and durable elastomeric seals in the market. Additionally, the properties of an elastomeric seal differ from the traditional seals, as it provides enhanced services to consumers. THERMAL RESISTANT SEALSMajority of Industrial Seal manufacturing companies are now more focused on developing thermal resistant industrial seals. Thermal resistant seals are manufactured by using elastomeric materials. Also, the consumers are looking forward to adopting such seals that can work in high temperatures and provide better performance than traditional seals. The large capacity manufacturing units require equipment that can work for long hours in continuous production processes. For better machine optimization, consumers are installing thermal resistant seals which allow machines to work properly and for long hours. Also, temperature plays an important role in the operation of seals in every industrial machine. Therefore, the demand for thermal resistant seals is increasing with the development of the manufacturing sector across the country.RISE IN CAPACITY OF MANUFACTURING UNITSThe demand for large capacity manufacturing units has increased in various industries from the past few years. There are factors pertaining to the rising manufacturing sectors and a rising trend of customizable seals is propelling the growth of the Indian Industrial Seals market. A higher prevalence of larger manufacturing units that produce seals on a rapid and higher volume of seals is further opening new market revenue for the Industrial seals market.RESTRAINTS IN THE WAYHigh Maintenance Costs: Even though there are many drivers but there are few restraints as well that can affect the growth of this market. Because of their excellent durability and reliability, customers have embraced industrial seals in recent decades. However, due to high maintenance and laborious installation methods of industrial seals, consumers are increasingly opting for seal-less drive shafts. Increasing Adoption of Seal-Less Driving Shafts: Another issue that is limiting the market's growth is the rising demand for seal-less drive shafts due to their numerous advantages. Seals additionally require extra motors and shafts for power transfer. The seal-less magnetic drive pump, on the other hand, is surrounded by a series of magnets that aid in the transfer of the magnetic field to the shaft. As a result, any fluid can be contained totally within the system. These are the key factors that are limiting the market's expansion. FUTURE SCOPEIndustrial Seals market in India is expected to dominate in the coming years. India is projected to be the leading market in the Asia Pacific region as it is one of the foremost regions in chemical, pharmaceutical and oil & gas sectors. Expansion of these segments will generate demand for various seals during the forecast period. The manufacturing of seals in the shortest possible time from few millimetres to several metres and from single batch to series production has attracted multiple consumers to opt for industrial seals. The customization facility provided by manufacturers is likely to open up a pool of opportunity in the coming future. Majority of Industrial Seal manufacturing companies are now more focused on developing thermal resistant industrial seals
< Page 9 | Page 11 >