A mechanical seal is a device that helps join systems or mechanisms together by preventing leakage (e.g. in a plumbing system), containing pressure, or excluding contamination. The effectiveness of a seal is dependent on adhesion in the case of sealants and compression in the case of gaskets.
Asia-Pacific, North America and Europe is now the major consumption regions of mechanical seals, in the coming years there is an increasing demand for mechanical seals in the regions of China and other developing countries are expected to drive the market for more advanced mechanical seals.
The consumption volume of mechanical seals is related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of mechanical seals industry may not keep that fast. But it is surely forecasted that the market of mechanical seals is still promising.
The product average price declined in the past few years due to the technology development, the average price will keep the trend in the few future years due to increasing mature manufacturing technology and lowing cost of raw materials.
According to this study, over the next five years the Mechanical Seals market will register a 4.0% CAGR in terms of revenue, the global market size will reach USD 4230 million by 2024, from USD 3350 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Mechanical Seals business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Mechanical Seals market by product type, application, key manufacturers and key regions and countries.
This study considers the Mechanical Seals value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Compressor Mechanical Seals
Pump Mechanical Seals
Reactor Mechanical Seals
Others
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Oil& Gas
Electricity
Chemical Industry
Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
John Crane
EagleBurgmann
Flowserve
AESSEAL
Meccanotecnica Umbra
VULCAN
Garlock
Sunnyseal
Oerlikon Balzers
KSB
Colossus
Sulzer
Flex-A-Seal
Chesterton
Valmet
Ekato
Xi'an Yonghua
Fluiten
James Walker
Huayang Seals
Huhnseal AB
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Mechanical Seals consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Mechanical Seals market by identifying its various subsegments.
Focuses on the key global Mechanical Seals manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Mechanical Seals with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Mechanical Seals submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
