Frbiz Forecasts the 2010 Sealing Industry Development Trends

USA - English

• USA - English

BEIJING, July 8 /PRNewswire-Asia/ -- Frbiz.com, one of China's leading B2B search platforms, forecasts the 2010 sealing industry development trends.

Frbiz reports that in recent years, the State has given some support to China's fluid sealing industry in terms of technology transfer, technological innovation and scientific research aspects, which have helped promote the rapid development of the industry. China's agricultural, water conservancy, energy, transportation and other industries have developed rapidly, which requires a lot of machinery and equipment to meet their development needs. With the higher level of industrialization and automation, the added equipment has required a large number of high-performance and high reliability hydraulic and pneumatic seals to support.

With the rapid development of China's economy, various types of mechanical equipments have adopted hydraulic and pneumatic components, which have put higher requirements on sealing technology. China's fluid power products market has developed rapidly, in addition to the United States, Europe and Japan, it ranked No. 1 in the developing countries. China's imports also increased, and the market development potential is huge.

Frbiz analyzes that with the higher level of industrialization and automation, machinery and equipment need to utilize large amounts of high- performance and high reliability hydraulic and pneumatic seals. It is estimated that in 2010 the domestic demand for hydraulic, pneumatic and sealing products will increase to 35 billion yuan from 20 billion yuan in 2005. Among them, the hydraulic products go from 10 billion yuan to 20 billion yuan, hydraulic products go from 1 billion yuan to 2 billion yuan, pneumatic products from 3 billion yuna to more than 5 million yuan, sealing products from 3 million yuan to 7 billion yuan. In addition to the Three Gorges Damn, South-to-North Water Transfer Project, West-East Electricity Transmission Project and other big engineering construction projects, there is a large number of large-scale coal, oil, iron ore, power plants, airports, ports, high-speed railways, highways and other key infrastructure projects, as well as a large number of urban construction and housing projects, etc. So there is no doubt a huge domestic demand.

Engineering machinery is the largest user of hydraulic products ( http://www.frbiz.com/catalog-41000000-1/general_mechanical_components.html ), which accounts for 42.3% of industry sales, and the ratio will continue to expand in the future, so the development trend of engineering machinery is crucial. In addition, China now has about 140 million units of construction machinery, it is expected that this will reach 200 million units by the end of 2010. Furthermore, the annual domestic production of excavators, road machinery, cement mixers, and assorted imported hydraulic parts is more than 150 million U.S. dollars. In short, the hydraulic and sealing market will face a new period of development.

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SOURCE Frbiz.com