Mechanical Seals Market Analysis APAC, North America, Europe, Middle East and Africa, South America - US, China, Japan, India, Germany - Size and Forecast 2023-2027

Published: Nov 2023 Pages: 179 SKU: IRTNTR41125

Mechanical Seals Market Forecast 2023-2027

The Mechanical Seals market size is forecast to increase by USD 1.51 billion at a CAGR of 5.66% between 2023 and 2027. The growth of the market depends on several factors, the growth in aftermarket sales, the rising adoption of renewable energy, and the promotion of environmental compliance. Furthermore more the market is also influenced by various factors including net electricity production and Eurasias electricity consumption. As industries seek cost-effective environmental compliance, there's a growing demand for alternative methods such as solar and wind energy. Mechanical seals find applications in diverse sectors including agrochemicals where equipment design and support systems play crucial roles. Additionally, industries utilize seals for aerators and sealing systems to ensure efficient operations and meet regulatory standards. Our report examines historical data from 2017 - 2021, besides analyzing the current market scenario.

What will be the Size of the Mechanical Seals Market During the Forecast Period?

Market Forecast 2023-2027

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Market Segmentation

This report extensively covers market segmentation by type (pump , compressor , and mixers ), end-user (oil and gas industries, general industries, chemicals and pharmaceuticals, water and wastewater treatment, and construction and others), and geography (APAC, North America, Europe, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges.  

Type Segment Analysis

The pump seals segment is estimated to witness significant growth during the forecast period. Pump are specifically designed to prevent the leakage of fluids and gases in centrifugal pumps, ensuring efficient and reliable operation. Pumps are widely used to transport fluids, and ensuring proper sealing is critical to prevent leaks, minimize product loss, and maintain operational efficiency. 

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The pump seals segment was the largest segment and was valued at USD 1.70 billion in 2017. Moreover, they find application in a wide range of pump types, including centrifugal pumps, reciprocating pumps, rotary pumps, and axial flow pumps. In addition, the growing demand for pumps in a range of sectors, e.g. oil & gas, wastewater treatment, increasing the demand for high-pressure pumps and pumping machines that can be operated in rough environments is fuelling the pump seal demand. Hence, such factors are fuelling the growth of this segment which in turn will drive the market growth during the forecast period.

End-User Segment Analysis

Based on the end-user, the segment is classified into oil and gas, general industries, chemicals and pharmaceuticals, water and wastewater treatment and construction, and others. In the oil and gas segment, are used widely in agitators and pumps. Hence, the increasing demand for equipment used in the oil and gas industry is expected to contribute to the growth of this segment. Moreover, in the oil and gas industry, are used in main oil line pumps, main oil line booster pumps, and crude export pumps, among others. Furthermore, are preferred in these applications as the usage of caustic, corrosive, abrasive, and acidic products such as polymerizing fluids and flammable gases is high. Hence, increasing investments in oil and gas production facilities and the expansion of oil and gas pipelines are fuelling the growth of this segment which in turn will drive the market growth during the forecast period.v

Market Dynamics

Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, key market trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.    

Driver - Growth in aftermarket sales 

Mechanical seal parts have short lifetimes which vary according to the type of application. To comply with Federal or Local Emission Regulations as well as in order to retain the efficiency of the process by removing leakage, they will be reprogrammed at regular intervals. The replacement or upgradation fuels the growth of the global market.

Moreover,  are one of the critical components of pumps, compressors, and agitators, among others. In addition, a major share of the global mechanical seal market is based on aftermarket sales.  Furthermore, most mechanical seal replacements are like for like so that the end users using cartridge seals will be able to maintain their use of cartridge seals. Hence, such factors are positively impacting the market which in turn drives the market growth during the forecast period.

Trends - Advances in material science

The performance level highly relies on the quality and standards of materials used in their manufacturing. Therefore, investment in R&D to develop materials that are used for their manufacture is being increased by the machine seal manufacturers. Furthermore, besides these material improvements, there are new developments in the manufacture of coating materials that make it possible to increase the performance of rubber seals.

Moreover, diamond coating is applied to a majority of motor seal in Centrifugal pumps, to guarantee the highest performance. In addition, plasma coatings, which are less costly and offer much better performance than diamond coating, can be used as an alternative to these Diamond Coatings due to recent technological developments. Hence, such factors are positively impacting the industry. 

The trned of rising electricity demand, mechanical seal manufacturers are focusing on designing cost-effective solutions that offer environmental compliance without compromising on performance. Onboard condition monitoring systems integrated enable proactive maintenance, thereby maximizing equipment uptime and capacity utilization.Therefore, it is expected to drive the industry growth during the forecast period.Therefore, it is expected to drive the industry growth during the forecast period.

Challenge - Fluctuating prices of raw materials 

Steel, silicon carbide, Tungsten Carbide, and Carbon amongst others are the most common materials employed to produce. In addition, steel has been used in the inner casing . Furthermore, the global industry for will thus be influenced by fluctuations in steel prices and their associated materials.

Moreover, the prices of these raw materials fluctuate based on various macroeconomic factors such as inflation, labor cost, and regulatory policy changes. In addition, the rising number of production facilities across various end-user industries, such as oil and gas, and pharmaceuticals, is intensifying competition among raw material suppliers. Furthermore, other factors, e.g. the price of iron ore and steel, also have a different impact on commodity prices that include macroeconomic factors. Hence, such factors are negatively impacting the market. Therefore, it is expected to hinder the market growth during the forecast period.

Regional Analysis

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APAC is estimated to contribute 45% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the industry during the forecast period.  Some of the main countries in APAC that are significantly contributing to the industry growth in the region include China, India, Japan, and Australia. In addition,  China, despite being the fastest-growing energy industry in the world, is witnessing a slowdown in the growth of the oil and gas industry due to the tax imposed on the oil imported from the US.

Moreover, in India, high investments in the water treatment sector are being fueled by two factors: lack of freshwater and depletion of groundwater resources. In addition, the growing population intensity is resulting in the government's inability to create sufficient infrastructure for the proper handling and treatment of wastewater. As a result, the Indian Government is increasingly resorting to the public-private partnership model with the aim of creating more wastewater treatment facilities. Hence, such factors are driving the industry growth in APAC during the forecast period.

Who are the Major Mechanical Seals Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

A.W. Chesterton Co: The company offers such as split , cartridge , cassette , gas , bellows , slurry , mixer agitator , and component .

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:

Aesseal Plc, Anhui YALAN Seal Component Co. Ltd., Avon Seals Pvt. Ltd., EnPro Industries Inc., Flowserve Corp., Freudenberg and Co. KG, Hefei Supseals International Trade Co. Ltd., Hennig Gasket and Seals Inc., Leak Pack Engineering Pvt. Ltd., Meccanotecnica Umbra S.p.A., MICROTEM Srl, Ningbo BeTong Factory, PPC Mechanical Seals, Quba Seals India Pvt. Ltd., Saisi Mechanical Seal Co. Ltd., Sinoseal Holding Co. Ltd., Smiths Group Plc, Sulzer Management Ltd., and Flexaseal Engineered Seals and Systems LLC.

Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  

Market Analyst Overview

The power generation,  play a pivotal role in ensuring the seamless operation of various power plants. These are essential components in thermal and nuclear power plants, Ultra-supercritical (USC) coal-fired units, natural gas facilities, hydroelectric dams, and geothermal energy installations. As electricity demand continues to rise globally, the reliability and efficiency of these become increasingly critical.

Sealing leakages in power generation equipment is a paramount concern for operators and engineers alike. It must withstand high pressures, extreme temperatures, and corrosive environments to prevent leaks and maintain operational integrity. Whether it's in nuclear reactors, agrochemical processing units, or oil and gas projects, the reliability  directly impacts safety, environmental compliance, and overall performance.

Recent advancements in chemical technologies and materials research have led to the development of specialty chemicals and polymers specifically engineered for use. These innovations enhance seal water usage, reduce energy consumption, and improve operational dependability. Furthermore, chemical industry developments in gasket and seals manufacturing contribute to the longevity and effectiveness of mechanical seals across various industries.

The market continues to expand, driven by fast-growing end-user industries such as power generation. Major players in the industry are investing heavily in research and development to meet performance goals and operating conditions demanded by the market. Moreover, international organizations like the International Energy Agency are actively involved in setting standards and guidelines to ensure the reliability and safety of power industry applications.

 

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  •  Type Outlook 
    • Pump seals
    • Compressor seals
    • Mixer seals
  • End-user Outlook 
    • Oil and gas
    • General industries
    • Chemicals and pharmaceuticals
    • Water and wastewater treatment
    • Construction and others
  • Geography Outlook 
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Mechanical Seals Market Scope

Report Coverage

Details

Page number

178

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 5.66%

Market growth 2023-2027

USD 1.51 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

4.98

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 45%

Key countries

US, China, Japan, India, and Germany

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

A.W. Chesterton Co., Aesseal Plc, Anhui YALAN Seal Component Co. Ltd., Avon Seals Pvt. Ltd., EnPro Industries Inc., Flowserve Corp., Freudenberg and Co. KG, Hefei Supseals International Trade Co. Ltd., Hennig Gasket and Seals Inc., Leak Pack Engineering Pvt. Ltd., Meccanotecnica Umbra S.p.A., MICROTEM Srl, Ningbo BeTong Factory, PPC Mechanical Seals, Quba Seals India Pvt. Ltd., Saisi Mechanical Seal Co. Ltd., Sinoseal Holding Co. Ltd., Smiths Group Plc, Sulzer Management Ltd., and Flexaseal Engineered Seals and Systems LLC

Market dynamics

Parent market analysis,Market growth analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Market Research and Growth Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting between 2023 and 2027
  • Precise estimation of the market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming market trends and changes in consumer behavior
  • Growth of the market across APAC, North America, Europe, Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global mechanical seals market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global mechanical seals market 2017 - 2021 ($ million)
    • 4.2 Type Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)
    • 4.3 End-user Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 30: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Type - Market share 2022-2027 (%)
    • 6.2 Comparison by Type
      • Exhibit 32: Chart on Comparison by Type
      • Exhibit 33: Data Table on Comparison by Type
    • 6.3 Pump seals - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Pump seals - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Pump seals - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Pump seals - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Pump seals - Year-over-year growth 2022-2027 (%)
    • 6.4 Compressor seals - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Compressor seals - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Compressor seals - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Compressor seals - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Compressor seals - Year-over-year growth 2022-2027 (%)
    • 6.5 Mixer seals - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Mixer seals - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Mixer seals - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Mixer seals - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Mixer seals - Year-over-year growth 2022-2027 (%)
    • 6.6 Market opportunity by Type
      • Exhibit 46: Market opportunity by Type ($ million)
      • Exhibit 47: Data Table on Market opportunity by Type ($ million)

    7 Market Segmentation by End-user

    • 7.1 Market segments
      • Exhibit 48: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 49: Data Table on End-user - Market share 2022-2027 (%)
    • 7.2 Comparison by End-user
      • Exhibit 50: Chart on Comparison by End-user
      • Exhibit 51: Data Table on Comparison by End-user
    • 7.3 Oil and gas - Market size and forecast 2022-2027
      • Exhibit 52: Chart on Oil and gas - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Data Table on Oil and gas - Market size and forecast 2022-2027 ($ million)
      • Exhibit 54: Chart on Oil and gas - Year-over-year growth 2022-2027 (%)
      • Exhibit 55: Data Table on Oil and gas - Year-over-year growth 2022-2027 (%)
    • 7.4 General industries - Market size and forecast 2022-2027
      • Exhibit 56: Chart on General industries - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Data Table on General industries - Market size and forecast 2022-2027 ($ million)
      • Exhibit 58: Chart on General industries - Year-over-year growth 2022-2027 (%)
      • Exhibit 59: Data Table on General industries - Year-over-year growth 2022-2027 (%)
    • 7.5 Chemicals and pharmaceuticals - Market size and forecast 2022-2027
      • Exhibit 60: Chart on Chemicals and pharmaceuticals - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Data Table on Chemicals and pharmaceuticals - Market size and forecast 2022-2027 ($ million)
      • Exhibit 62: Chart on Chemicals and pharmaceuticals - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on Chemicals and pharmaceuticals - Year-over-year growth 2022-2027 (%)
    • 7.6 Water and wastewater treatment - Market size and forecast 2022-2027
      • Exhibit 64: Chart on Water and wastewater treatment - Market size and forecast 2022-2027 ($ million)
      • Exhibit 65: Data Table on Water and wastewater treatment - Market size and forecast 2022-2027 ($ million)
      • Exhibit 66: Chart on Water and wastewater treatment - Year-over-year growth 2022-2027 (%)
      • Exhibit 67: Data Table on Water and wastewater treatment - Year-over-year growth 2022-2027 (%)
    • 7.7 Construction and others - Market size and forecast 2022-2027
      • Exhibit 68: Chart on Construction and others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 69: Data Table on Construction and others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 70: Chart on Construction and others - Year-over-year growth 2022-2027 (%)
      • Exhibit 71: Data Table on Construction and others - Year-over-year growth 2022-2027 (%)
    • 7.8 Market opportunity by End-user
      • Exhibit 72: Market opportunity by End-user ($ million)
      • Exhibit 73: Data Table on Market opportunity by End-user ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 74: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 75: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 76: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 77: Chart on Geographic comparison
      • Exhibit 78: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 79: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 80: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 81: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 83: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 84: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 85: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 87: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 88: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 89: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 95: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 96: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 97: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 99: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 100: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 101: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 US - Market size and forecast 2022-2027
      • Exhibit 103: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 104: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 105: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.10 Germany - Market size and forecast 2022-2027
      • Exhibit 107: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 108: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 109: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.11 Japan - Market size and forecast 2022-2027
      • Exhibit 111: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 112: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 113: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 114: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.12 India - Market size and forecast 2022-2027
      • Exhibit 115: Chart on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 116: Data Table on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 117: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 118: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 119: Market opportunity by geography ($ million)
      • Exhibit 120: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 121: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 122: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 123: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 124: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 125: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 126: Matrix on vendor position and classification
            • 12.3 A.W. Chesterton Co.
              • Exhibit 127: A.W. Chesterton Co. - Overview
              • Exhibit 128: A.W. Chesterton Co. - Product / Service
              • Exhibit 129: A.W. Chesterton Co. - Key offerings
            • 12.4 AES ENGINEERING LTD.
              • Exhibit 130: AES ENGINEERING LTD. - Overview
              • Exhibit 131: AES ENGINEERING LTD. - Product / Service
              • Exhibit 132: AES ENGINEERING LTD. - Key offerings
            • 12.5 Avon Seals Pvt. Ltd.
              • Exhibit 133: Avon Seals Pvt. Ltd. - Overview
              • Exhibit 134: Avon Seals Pvt. Ltd. - Product / Service
              • Exhibit 135: Avon Seals Pvt. Ltd. - Key offerings
            • 12.6 EnPro Industries Inc.
              • Exhibit 136: EnPro Industries Inc. - Overview
              • Exhibit 137: EnPro Industries Inc. - Business segments
              • Exhibit 138: EnPro Industries Inc. - Key offerings
              • Exhibit 139: EnPro Industries Inc. - Segment focus
            • 12.7 Flexaseal Engineered Seals and Systems LLC
              • Exhibit 140: Flexaseal Engineered Seals and Systems LLC - Overview
              • Exhibit 141: Flexaseal Engineered Seals and Systems LLC - Product / Service
              • Exhibit 142: Flexaseal Engineered Seals and Systems LLC - Key offerings
            • 12.8 Flowserve Corp.
              • Exhibit 143: Flowserve Corp. - Overview
              • Exhibit 144: Flowserve Corp. - Business segments
              • Exhibit 145: Flowserve Corp. - Key news
              • Exhibit 146: Flowserve Corp. - Key offerings
              • Exhibit 147: Flowserve Corp. - Segment focus
            • 12.9 Freudenberg and Co. KG
              • Exhibit 148: Freudenberg and Co. KG - Overview
              • Exhibit 149: Freudenberg and Co. KG - Business segments
              • Exhibit 150: Freudenberg and Co. KG - Key news
              • Exhibit 151: Freudenberg and Co. KG - Key offerings
              • Exhibit 152: Freudenberg and Co. KG - Segment focus
            • 12.10 Hefei Supseals International Trade Co. Ltd.
              • Exhibit 153: Hefei Supseals International Trade Co. Ltd. - Overview
              • Exhibit 154: Hefei Supseals International Trade Co. Ltd. - Product / Service
              • Exhibit 155: Hefei Supseals International Trade Co. Ltd. - Key offerings
            • 12.11 Hennig Gasket and Seals Inc.
              • Exhibit 156: Hennig Gasket and Seals Inc. - Overview
              • Exhibit 157: Hennig Gasket and Seals Inc. - Product / Service
              • Exhibit 158: Hennig Gasket and Seals Inc. - Key offerings
            • 12.12 Leak Pack Engineering Pvt. Ltd.
              • Exhibit 159: Leak Pack Engineering Pvt. Ltd. - Overview
              • Exhibit 160: Leak Pack Engineering Pvt. Ltd. - Product / Service
              • Exhibit 161: Leak Pack Engineering Pvt. Ltd. - Key offerings
            • 12.13 Meccanotecnica Umbra S.p.A.
              • Exhibit 162: Meccanotecnica Umbra S.p.A. - Overview
              • Exhibit 163: Meccanotecnica Umbra S.p.A. - Product / Service
              • Exhibit 164: Meccanotecnica Umbra S.p.A. - Key offerings
            • 12.14 MICROTEM Srl
              • Exhibit 165: MICROTEM Srl - Overview
              • Exhibit 166: MICROTEM Srl - Product / Service
              • Exhibit 167: MICROTEM Srl - Key offerings
            • 12.15 Sinoseal Holding Co. Ltd.
              • Exhibit 168: Sinoseal Holding Co. Ltd. - Overview
              • Exhibit 169: Sinoseal Holding Co. Ltd. - Key offerings
            • 12.16 Smiths Group Plc
              • Exhibit 170: Smiths Group Plc - Overview
              • Exhibit 171: Smiths Group Plc - Business segments
              • Exhibit 172: Smiths Group Plc - Key news
              • Exhibit 173: Smiths Group Plc - Key offerings
              • Exhibit 174: Smiths Group Plc - Segment focus
            • 12.17 Sulzer Management Ltd.
              • Exhibit 175: Sulzer Management Ltd. - Overview
              • Exhibit 176: Sulzer Management Ltd. - Business segments
              • Exhibit 177: Sulzer Management Ltd. - Key news
              • Exhibit 178: Sulzer Management Ltd. - Key offerings
              • Exhibit 179: Sulzer Management Ltd. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 180: Inclusions checklist
                • Exhibit 181: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 182: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 183: Research methodology
                • Exhibit 184: Validation techniques employed for market sizing
                • Exhibit 185: Information sources
              • 13.5 List of abbreviations
                • Exhibit 186: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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