Mechanical Seals Market

Global Mechanical Seals Market: Overview

The major purpose of the products offered by the manufacturers and players operational within the global mechanical seals market is to prevent the leakage of liquids or gases through the clearance between the container and the shaft. These products in the global mechanical seals market are made up of two faces, separated from each other with rings made of carbon. Used in various end use industry verticals, the products in the global mechanical seals market are produced using various materials, such as polyurethane or PU, fluorosilicone, polytetrafluoroethylene or PTFE, and industrial rubber, amongst others. Some of the key types of products developed by the manufacturers and players functional within the landscape of the global mechanical seals market include cartridge seals, balanced and unbalanced seals, pusher and non-pusher seals, and conventional seals, among others.

Some of the major end use industry verticals that make use of the products offered by the players and manufacturers functional in the global mechanical seals market include metal and mining, oil and gas, aerospace, construction, food and beverages, energy and power, marine, and manufacturing, among others. The increasing demand from the oil and gas end use industry is likely to favor the growth within the global mechanical seals market in coming years. The key factor motivating this trend is the rising demand for petroleum by developing as well as developed economies. Furthermore, the growing energy consumption rate as well as the resulting rise in the global requirement for energy generation is also anticipated to thrust growth within the global mechanical seals market in coming years.

Global Mechanical Seals Market: Major Trends and Drivers

One of the most significant driving factors shaping the demand dynamics within the global mechanical seals market is considered to be the growing manufacturing as well as industrial sectors around the world. This trend can be attributed to the increase in the number of supportive investment and foreign investment policies across the globe. Furthermore, the rising efforts of infrastructural development around the world as a result of constant advancements in technologies as well as the rising global population is also likely to positively influence the sales in global mechanical seals market in coming years. Furthermore, rising applications in the food and beverages industry, such as in food tanks, is also expected to favor the expansion within the global mechanical seals market in coming years.

Global Mechanical Seals Market: Key Players and Manufacturers

Few of the most prominent and dominating manufacturers and players functional within the global mechanical seals market include AB SKF, John Crane, EnPro Industries, Inc., Dover Corporation, SHV, Freudenberg SE, Federal Mogul LLC, Fenner Group Holdings Limited, Flowserve Corporation, Smiths Group PLC, Garlock GmbH, Waukesha Bearings, Trelleborg AB, ERIKS Group, Tenneco Inc., and Hallite Seals, among others. The manufacturers and players operating within the global mechanical seals market are adopting various growth strategies such as mergers and acquisitions as well as the new product launches to attract more and more consumers. For example, the engineering division of ADT or Advanced Diamond Technologies was recently acquired by the John Crane, to enhance the performance and reliability of their mechanical seals.

Global Mechanical Seals Market: Regional Assessment

Geographically, the Asia Pacific region is expected to account for the highest share within the global mechanical seals market in coming years. This leading positioning of Asia Pacific region in the global mechanical seals market can be attributed to rising industrial applications in developing economies in the region, such as India. Moreover, the positive growth within the regional manufacturing sector is also expected to fuel the demand in the global mechanical seals market in Asia Pacific in coming years. Other notable drivers include favorable regulations and policy frameworks by various government authorities across the regional economies, rising investments in the manufacturing industry, rising demand from regional marine, construction, and oil and gas industry verticals, and fast paced industrialization in the region.