Mechanical Seals Market Size, Share, Opportunities And Trends By Type (Balanced and Unbalanced seals, Pusher and Non-pusher seals, Conventional seals, Cartridge seals, Others), By End-User (Construction, Food & Beverage, Oil and Gas, Energy and Power, Aerospace, Marine, Others), And By Geography - Forecasts From 2023 To 2028

Mechanical seals are vital components used to seal the rotating shafts of pumps, compressors, and other industrial equipment. They prevent the leakage of fluids, gases, and other substances, ensuring the efficient and safe operation of the machinery. The mechanical seals market has been witnessing steady growth due to the increasing demand for energy-efficient and cost-effective sealing solutions across various industries. The growth of the mechanical seals market can be attributed to several factors, including the growing demand for mechanical seals in the oil and gas industry, rising demand for mechanical seals in the chemical and petrochemical industry, and increasing adoption of mechanical seals in the power generation sector. Furthermore, the demand for mechanical seals in the water and wastewater treatment industry is also expected to fuel the market's growth.

The mechanical seal market is highly competitive, with several key players operating globally. These players are focused on developing advanced products to cater to the diverse needs of various end-use industries. The market is also witnessing increased adoption of innovative sealing solutions, such as cartridge seals, metal bellows seals, and dry gas seals, among others, which are designed to offer superior performance and reduce downtime. Overall, the mechanical seals market is expected to continue growing in the coming years, driven by the increasing demand for reliable and efficient sealing solutions in various industries.

The mechanical seals market is driven by the growing demand from several end-use industries, especially for aftermarket services and a growing focus on energy efficiency.

• The demand for mechanical seals is driven by various end-use industries such as oil and gas, chemical, water and wastewater treatment, food and beverage, pharmaceuticals, and others. The growth in these industries is expected to drive the demand for mechanical seals, which will further boost the market growth. According to the US Energy Information Administration (EIA), the demand for mechanical seals is expected to grow in the oil and gas industry due to increasing investments in exploration and production activities. The EIA also predicts that the global consumption of energy will increase by 50% between 2018 and 2050, which is expected to drive the demand for mechanical seals. The aftermarket for mechanical seals has seen significant growth in recent years. The demand for aftermarket services such as the repair and maintenance of mechanical seals has increased, which is expected to drive the demand for mechanical seals during the forecast period.
• The need for energy efficiency in industrial operations has increased significantly in recent years. Mechanical seals play a crucial role in ensuring energy efficiency by reducing fluid and gas leakage, which can result in energy losses. This has led to an increase in the demand for mechanical seals, particularly in the oil and gas industry. The US Environmental Protection Agency (EPA) has set regulations for fugitive emissions from industrial equipment, which includes mechanical seals. These regulations are expected to drive the demand for high-quality mechanical seals that can reduce fugitive emissions.

Key developments.

• In May 2020, Flex-A-Seal, an American company that designs and manufactures mechanical seals and related products for various industrial applications, announced the introduction of a new mechanical seal called Flex-A-Seal Style 85 split cartridge mechanical seal. Style 85 is a two-piece split cartridge mechanical seal that is designed to replace conventional cartridge seals. It also offers several advantages over traditional cartridge seals, including reduced installation time, reduced inventory costs, and improved seal performance. The company started offering two variants called Style 85 and Style 85M. Both feature a patented wave spring technology that provides improved seal performance and durability. Both also included a self-aligning stationary face that helps to improve seal performance. 

Based on end-user, the mechanical seals market is expected to witness positive growth in the construction sector.

The construction industry is a major end-user of mechanical seals, particularly in equipment used for concrete production, such as concrete pumps, mixers, and sprayers. The equipment used in the construction industry is subject to high levels of wear and tear due to the harsh working environment, which includes exposure to abrasive materials, high temperatures, and high pressure. Mechanical seals are used in these machines to prevent leaks and extend the service life of the equipment.

North America accounts for a major share of the mechanical seals market, while the Asia Pacific mechanical seals market is expected to grow significantly during the projected period.

Based on geography, the mechanical seal market is segmented into North America, South America, Europe, the Middle East and Africa, and Asia Pacific.

The North American mechanical seals market holds a sizable portion of the market. This is attributed to the presence of well-established industries, such as oil and gas, chemical processing, and water and wastewater treatment. The increasing focus on reducing fugitive emissions and improving energy efficiency in these industries is also driving the demand for mechanical seals in the region.

The Asia-Pacific mechanical seals market is expected to witness significant growth during the forecast period. The growth of the market is attributed to rapid industrialization and increasing investments in infrastructure development in countries such as China and India. The growth of the manufacturing industry in the region is also driving the demand for mechanical seals. The major markets in the region include China, India, Japan, South Korea, and Australia.

Mechanical Seals Market Scope:

 

Report Metric	Details
Growth Rate	CAGR during the forecast period
Base Year	2021
Forecast Period	2023 – 2028
Forecast Unit (Value)	USD Billion
Segments Covered	Type, End-User, and Geography
Regions Covered	North America, South America, Europe, Middle East and Africa, Asia Pacific
Companies Covered	SKF, John Crane, Flowserve Corporation, Freudenberg SE (EagleBurgmann), Trelleborg Group, Totally Seals, AESSEAL, Flexaseal Engineered Seals and Systems, LLC., A.W. Chesterton Company, PPC Mechanical Seals
Customization Scope	Free report customization with purchase

 

Key Market Segments

• By Type
  • Balanced and Unbalanced seals
  • Pusher and Non-pusher seals.
  • Conventional seals
  • Cartridge seals
  • Others
• By End-User
  • Construction
  • Food & Beverage
  • Oil and Gas
  • Energy and Power
  • Aerospace
  • Marine
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Others
  • Middle East And Africa
    • Saudi Arabia
    • Israel
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Indonesia
    • Taiwan
    • Others

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1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY

2.1. Research Data

2.2. Assumptions

3. EXECUTIVE SUMMARY

3.1. Research Highlights

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Force Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. MECHANICAL SEALS MARKET ANALYSIS, BY TYPE

5.1. Introduction

5.2. Balanced and Unbalanced seals

5.3. Pusher and Non-pusher seals.

5.4. Conventional seals

5.5. Cartridge seals

5.6. Others

6. MECHANICAL SEALS MARKET ANALYSIS, BY END-USER

6.1. Introduction

6.2. Construction

6.3. Food & Beverage

6.4. Oil and Gas

6.5. Energy and Power

6.6. Aerospace

6.7. Marine

6.8. Others

7. MECHANICAL SEALS MARKET, BY GEOGRAPHY

7.1. Introduction

7.2. North America

7.2.1. USA

7.2.2. Canada

7.2.3. Mexico

7.3. South America

7.3.1. Brazil

7.3.2. Argentina

7.3.3. Others

7.4. Europe

7.4.1. United Kingdom

7.4.2. Germany

7.4.3. France

7.4.4. Spain

7.4.5. Others

7.5. Middle East And Africa

7.5.1. Saudi Arabia

7.5.2. Israel

7.5.3. Others

7.6. Asia Pacific

7.6.1. China

7.6.2. Japan

7.6.3. India

7.6.4. South Korea

7.6.5. Indonesia

7.6.6. Taiwan

7.6.7. Others

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Emerging Players and Market Lucrativeness

8.3. Mergers, Acquisition, Agreements, and Collaborations

8.4. Vendor Competitiveness Matrix

9. COMPANY PROFILES

9.1. SKF

9.2. John Crane

9.3. Flowserve Corporation

9.4. Freudenberg SE (EagleBurgmann)

9.5. Trelleborg Group

9.6. Totally Seals

9.7. AESSEAL

9.8. Flexaseal Engineered Seals and Systems, LLC.

9.9. A.W. Chesterton Company

9.10. PPC Mechanical Seals  

SKF

John Crane

Flowserve Corporation

Freudenberg SE (EagleBurgmann)

Trelleborg Group

Totally Seals

AESSEAL

Flexaseal Engineered Seals and Systems, LLC.

A.W. Chesterton Company

PPC Mechanical Seals