Global Industrial Fastener Seal Market 2018-2022
About Industrial Fastener Seal
Fastener seals provide a reliable static sealing solution for components such as screws, bolts, tube fittings, and other fasteners. Fastener seals provide static sealing function on flanges or threaded connections.
Technavio’s analysts forecast the global industrial fastener seal market to grow at a CAGR of 3.93% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global industrial fastener seal market for 2018-2022. To calculate the market size, the report considers the revenue generated from the industrial fastener seal.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Industrial Fastener Seal Market 2018-2022
Technavio recognizes the following companies as the key players in the global industrial fastener seal market: ERIKS, LoneStar Group, MITSUBISHI CABLE INDUSTRIES, Parker Hannifin, and SKF.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is rising demand for advanced fastener seals. The manufacturers of the fastener seals are increasingly focusing on developing high-performance seals that offer an ideal sealing solution to end-users. These advanced fastener seals offer advantages such as high load, spring back, compatibility with chemicals and high-temperature handling capabilities.”
According to the report, one of the major drivers for this market is the rising usage of fastener seals in the automotive sector. n the automotive industry, the fastener seals are increasingly used to gain better control by offering protection from the internal and external contaminations in manufacturing automobiles. Moreover, the self-centering feature in the fastener seals removes the need for alterations in the seals and provides accurate connection to the industrial equipment. These benefits of fastener seals will drive the growth of the industrial fastener seal market.
ERIKS, LoneStar Group, MITSUBISHI CABLE INDUSTRIES, Parker Hannifin, and SKF.