The Mechanical Seals Market is segmented by End-Use Industry Type (Oil & Gas, Energy & Power, Food & Beverages, Chemical Processing, Metals & Mining, Automotive, and Others), Material Type (Elastomers, Thermoplastics, and Metals), Product Type (Wet Gas Seals and Dry Gas Seals), Design Type (Pusher Seals and Non-Pusher Seals), Force Distribution Type (Balanced Seals and Unbalanced Seals), Arrangement Type (Single Mechanical Seals and Multiple Mechanical Seals), Assembly Type (Cartridge Seals and Component Seals), Application Type (Pumps, Compressors, and Others),  and Region (North America, Europe, Asia-Pacific, and the Rest of the World).

Market Dynamics

Mechanical seals accounted for a minuscule share of 6.0% in the overall seals market in 2020 and are likely to grow at a healthy pace in the years to come, generating huge growth opportunities for the market participants. Both pump manufacturers, as well as industrial users, have heavily been relying on mechanical seals in order to seal their major components.

Some of the factors driving the market are listed below:

  • Expected increase in oil & gas production.
  • Increasing usage of pumps and valves in various industries.
  • Increasing energy needs owing to increasing world population.
  • Exceptional benefits of mechanical seals, making them a preferable choice in rotary applications across industries.
  • Development in designs of mechanical seals.

In the industry, a large number of players are proactively ramping up their capabilities to leverage the opportunity existent in mainstream applications among which John Crane leads the pack. The market is marked by a few global players that are operating all over the world and a large number of local players are operating regionally or in their particular country and addressing the demands of that region. The market for mechanical seals is comparatively much more consolidated than all other seal markets due to their technological complexity and application-specific requirements.

Key Players

The supply chain of this market comprises raw material suppliers, mechanical seals manufacturers, pump and compressor manufacturers, and end-users. The key players in the mechanical seals market are:

  • A.W. Chesterton Company
  • AB SKF, AESSEAL plc
  • Dover Corporation (Waukesha Bearings)
  • EagleBurgmann (Freudenberg Group)
  • Flowserve Corporation, FLUITEN Italia S.p.A.
  • Garlock (EnPro Industries, Inc.)
  • John Crane (Smiths Group plc)
  • Trelleborg AB.

New product development, regional expansion, and long-term relation with the customers are some of the key strategies adopted by the major players to gain a competitive edge in the market.

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