Mechanical Seals Market by End-user and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 147
  • SKU: IRTNTR41125
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The mechanical seals market share is expected to increase by USD 1.09 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 4.41%.

This mechanical seals market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers mechanical seals market segmentation by end-user (oil and gas, general industries, chemicals and pharmaceuticals, water and wastewater treatment, and others) and geography (APAC, North America, Europe, MEA, and South America). The mechanical seals market report also offers information on several market vendors, including A.W. Chesterton Co., Aesseal Plc, Anhui YALAN Seal Component Co. Ltd., EnPro Industries Inc., Flexaseal Engineered Seals and Systems, Flowserve Corp., Freudenberg SE, Leak-Pack Engineering (I) Pvt. Ltd., Meccanotecnica Umbra SPA, and Smiths Group Plc among others.

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

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Mechanical Seals Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The growth in aftermarket sales is notably driving the mechanical seals market growth, although factors such as fluctuating prices of raw materials may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the mechanical seals market industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Mechanical Seals Market Driver

One of the key factors driving growth in the mechanical seals market is the rising aftermarket sales. Mechanical seals have a short lifespan and are replaced at regular intervals to be compliant with federal or local emission regulations and to maintain process efficiency by eliminating leakage. The replacement or up-gradation of mechanical seals contributes significantly to the growth of the global mechanical seals market. Mechanical seals are one of the critical components of pumps, compressors, and agitators, among others. Vendors are also focusing more on aftermarket sales as most of the seals have a short lifespan and need constant replacement.

Key Mechanical Seals Market Trend

 

The emergence of additive manufacturing is another factor supporting the mechanical seals market share growth. Additive manufacturing (AM) is often referred to as 3D printing. In this type of manufacturing, a 3D solid object is built by printing the materials in a series of layers where each layer is printed on top of the previous layer. With the AM technique, objects of any shape or geometry can be manufactured using digital model data from a 3D model or electronic data sources such as an additive manufacturing file (AMF). Unlike the conventional machining process, AM builds a 3D object from a computer-aided designing (CAD) model or an AMF file by successively adding the material layer by layer. AM has many other advantages over traditional manufacturing techniques, including high part strength and low manufacturing costs. This is leading to the emergence of AM techniques, such as 3D printing, in the global mechanical seals market. Using RAM systems, the turnaround time can be reduced by one-fourth of the conventional manufacturing process. Such benefits of this emerging trend are expected to positively impact the growth of the global mechanical seals market.

Key Mechanical Seals Market Challenge

The fluctuating prices of raw materials will be a major challenge for the mechanical seals market during the forecast period. The major raw materials used for manufacturing mechanical seals are steel, silicon carbide, tungsten carbide, and carbon, among others. The outer casing of seals is made of steel. The prices of these raw materials fluctuate based on various macroeconomic factors such as inflation, labor cost, and regulatory policy changes. The rising number of production facilities across various end-user industries is intensifying competition among raw material suppliers. As the price of raw materials reaches the threshold limit, raw material suppliers are being compelled to pass on the increased cost to downstream industries. Such decisions by raw material suppliers are affecting the growth of various markets, including the global mechanical seals market. Such fluctuations lead to uncertainty about raw material procurement plans of several manufacturers, including mechanical seal manufacturers, which may hamper the growth of the global mechanical seals market.

This mechanical seals market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global mechanical seals market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the mechanical seals market during the forecast period.

Who are the Major Mechanical Seals Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • A.W. Chesterton Co.
  • Aesseal Plc
  • Anhui YALAN Seal Component Co. Ltd.
  • EnPro Industries Inc.
  • Flexaseal Engineered Seals and Systems
  • Flowserve Corp.
  • Freudenberg SE
  • Leak-Pack Engineering (I) Pvt. Ltd.
  • Meccanotecnica Umbra SPA
  • Smiths Group Plc

 

This statistical study of the mechanical seals market encompasses successful business strategies deployed by the key vendors. The mechanical seals market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • A.W. Chesterton Co. - The company offers mechanical seals for pumps, agitators, mixers, and others.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The mechanical seals market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Mechanical Seals Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the mechanical seals market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the mechanical seals market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Aftermarket and service
  • Industry innovations

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Mechanical Seals Market?

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51% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for mechanical seals in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The investments in other key industries, such as power and chemical, are increasing in APAC. This will facilitate the mechanical seals market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating End-user Segments in the Mechanical Seals Market?

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The mechanical seals market share growth by the oil and gas segment will be significant during the forecast period. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the mechanical seals market size and actionable market insights on post COVID-19 impact on each segment.

 

Mechanical Seals Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 4.41%

Market growth 2021-2025

$ 1.09 billion

Market structure

Fragmented

YoY growth (%)

2.97

Regional analysis

APAC, North America, Europe, MEA, and South America

Performing market contribution

APAC at 51%

Key consumer countries

China, US, Germany, Japan, and India

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

A.W. Chesterton Co., Aesseal Plc, Anhui YALAN Seal Component Co. Ltd., EnPro Industries Inc., Flexaseal Engineered Seals and Systems, Flowserve Corp., Freudenberg SE, Leak-Pack Engineering (I) Pvt. Ltd., Meccanotecnica Umbra SPA, and Smiths Group Plc

Market dynamics

Parent market analysis, 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 forecast period

Customization purview

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What are the Key Data Covered in this Mechanical Seals Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive mechanical seals market growth during the next five years
  • Precise estimation of the mechanical seals market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the mechanical seals market industry across APAC, North America, Europe, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of mechanical seals market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by End-user

    • Market segments
    • Comparison by End-user
    • Oil and gas - Market size and forecast 2020-2025
    • General industries - Market size and forecast 2020-2025
    • Chemicals and pharmaceuticals - Market size and forecast 2020-2025
    • Water and wastewater treatment - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by End-user

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor landscape
      • Landscape disruption
      • Competitive Landscape

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • A.W. Chesterton Co.
      • Aesseal Plc
      • Anhui YALAN Seal Component Co. Ltd.
      • EnPro Industries Inc.
      • Flexaseal Engineered Seals and Systems LLC
      • Flowserve Corp.
      • Freudenberg SE
      • Leak-Pack Engineering (I) Pvt. Ltd.
      • Meccanotecnica Umbra SPA
      • Smiths Group Plc

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • 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.

      TechnavioINFORMATION 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
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      TechnavioDATA 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
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      TechnavioREPORT 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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