The market for mechanical seals is expected to reach US$ 3,267.1 million in 2022 and grow at a CAGR of 4.1% to US$ 4,876.5 million by 2032. Growth is attributed to expanding industrial and manufacturing sectors. A CAGR of 3.8% was recorded for the mechanical seals market from 2016 to 2021.
As per FMI, demand for mechanical seals in North America accounts for a 26.2% share the in the global market during the forecast period, owing to the rapid expansion of end-use industries such as oil and gas, chemical, and power and subsequent use of mechanical seals in these sectors. The US alone houses about 9,000 independent oil and gas power plants.
Mechanical seals also helps in stopping leakage in systems that contain pressure. Before mechanical seals, mechanical packaging was used; however, it wasn’t as effective as seals are.Mechanical seals often consume energy since the frictional properties of the seal has a huge impact on the amount of power consumed by the machinery on which it is used.
The four major classes of mechanical seals are traditional contact seals, cooled and lubricated seals, dry seals, and gas lubricated seals.
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Global Mechanical Seals Market: Region-wise Outlook
The highest growth is expected to be witnessed in the Americas due to increase in adoption of mechanical seals to ensure precise and prefect sealing of pipelines. Demand for mechanical seals is anticipated to remain stable in Middle East & Africa. Asia Pacific excluding Japan (APEJ) is expected to offer growth opportunities to key players during the forecast period.
Global Mechanical Seals Market: Key Players
The major players involved in the manufacturing of mechanical seals are AW Chesterton Company, EagleBurgmann India Private Limited, Flowserve Corporation, Flex-a-seal, John Crane Group, Bal Seal Engineering, Cooper-Standard, Federal-Mogul, Flexitallic Group, Garlock Sealing Technology, Henniges Automotive Sealing Systems, Hutchinson Sealing Systems, Timken AB, Freudenberg Sealing Technologies GmBH and Co. KG., Dana Corporation, Telleborg Industries and others.
About Mechanical Seals
Mechanical seals are those leakage control devices which are deployed on rotating equipment like mixers and pumps to avoid the leakage of liquid and gases from escaping into the environment. Mechanical seals ensure that the medium stays in the system circuit, protecting it from external contaminations reducing environmental emissions.
Only a flat and smooth finish on mechanical seals is eligible to prevent leakage to its full efficiency. Mechanical seals are usually made by using carbon and silicon carbide but mostly carbon is used in the manufacturing of mechanical seals because of its self-lubricating properties. The two principle components of a mechanical seal are the stationary arm and the rotatory arm.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.
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The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC, S. Africa, N. Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Global Mechanical Seals Market: Segmentation
The global mechanical seals market can be segmented on the basis of types, end use and geography.
On the basis of types, the global mechanical seals market can be segmented into
- O-ring seals
- lip seals
- rotary seals
On the basis of end use industry, the global mechanical seals market can be segmented into
- oil and gas industry
- general industry
- chemical industry
- water industry
- power industry
- others.
On the basis of region, the global mechanical seals market can be segmented into
- North America
- Latin America
- Eastern Europe
- Western Europe
- Asia Pacific Excluding Japan (APEJ)
- Japan
- The Middle East and Africa (MEA)
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