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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?

Mechanical Seals Market Size

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"In August 2019, Milliken & Co., a chemical manufacturing company, announced an investment in a chemical manufacturing plant and knowledge center in Singapore, which would be built by 2021." 

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 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.

Market Overview

The parent global industrial machinery market covers companies engaged in the manufacturing of industrial machinery and components covering presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications. Technavio calculates the global industrial machinery market size based on combined revenue generated by manufacturers of machinery and components used in the industrial environment. 

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 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?

Mechanical Seals Market Market segmentation by region

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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?

Mechanical Seals Market Segmentation

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The mechanical seals market share growth by the oil and gas segment will be significant during the forecast period. Mechanical seals are used widely in agitators and pumps in the oil and gas industry. the growing demand for equipment used in the oil and gas industry is expected to propel the demand for mechanical seals. Increasing investments in oil and gas production facilities and the expansion of oil and gas pipelines are expected to drive the demand for mechanical seals 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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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis: Industrial machinery market

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by End-user

    • 5.1 Market segments
      • Exhibit 15: End-user - Market share 2020-2025 (%)
    • 5.2 Comparison by End-user
      • Exhibit 16: Comparison by End-user
    • 5.3 Oil and gas - Market size and forecast 2020-2025
      • Exhibit 17: Oil and gas - Market size and forecast 2020-2025 ($ million)
      • Exhibit 18: Oil and gas - Year-over-year growth 2020-2025 (%)
    • 5.4 General industries - Market size and forecast 2020-2025
      • Exhibit 19: General industries - Market size and forecast 2020-2025 ($ million)
      • Exhibit 20: General industries - Year-over-year growth 2020-2025 (%)
    • 5.5 Chemicals and pharmaceuticals - Market size and forecast 2020-2025
      • Exhibit 21: Chemicals and pharmaceuticals - Market size and forecast 2020-2025 ($ million)
      • Exhibit 22: Chemicals and pharmaceuticals - Year-over-year growth 2020-2025 (%)
    • 5.6 Water and wastewater treatment - Market size and forecast 2020-2025
      • Exhibit 23: Water and wastewater treatment - Market size and forecast 2020-2025 ($ million)
      • Exhibit 24: Water and wastewater treatment - Year-over-year growth 2020-2025 (%)
    • 5.7 Others - Market size and forecast 2020-2025
      • Exhibit 25: Others - Market size and forecast 2020-2025 ($ million)
      • Exhibit 26: Others - Year-over-year growth 2020-2025 (%)
    • 5.8 Market opportunity by End-user
      • Exhibit 27: Market opportunity by End-user

    6 Customer landscape

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 29: Market share by geography 2020-2025 (%)
    • 7.2 Geographic comparison
      • Exhibit 30: Geographic comparison
    • 7.3 APAC - Market size and forecast 2020-2025
      • Exhibit 31: APAC - Market size and forecast 2020-2025 ($ million)
      • Exhibit 32: APAC - Year-over-year growth 2020-2025 (%)
    • 7.4 North America - Market size and forecast 2020-2025
      • Exhibit 33: North America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 34: North America - Year-over-year growth 2020-2025 (%)
    • 7.5 Europe - Market size and forecast 2020-2025
      • Exhibit 35: Europe - Market size and forecast 2020-2025 ($ million)
      • Exhibit 36: Europe - Year-over-year growth 2020-2025 (%)
    • 7.6 MEA - Market size and forecast 2020-2025
      • Exhibit 37: MEA - Market size and forecast 2020-2025 ($ million)
      • Exhibit 38: MEA - Year-over-year growth 2020-2025 (%)
    • 7.7 South America - Market size and forecast 2020-2025
      • Exhibit 39: South America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 40: South America - Year-over-year growth 2020-2025 (%)
    • 7.8 Key leading countries
      • Exhibit 41: Key leading countries
    • 7.9 Market opportunity by geography
      • Exhibit 42: Market opportunity by geography

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • Exhibit 43: Impact of drivers and challenges
      • 8.3 Market trends

        9 Vendor Landscape

        • 9.1 Vendor landscape
          • Exhibit 44: Vendor landscape
        • 9.2 Landscape disruption
          • Exhibit 45: Landscape disruption
          • Exhibit 46: Industry risks
        • 9.3 Competitive Landscape

          10 Vendor Analysis

          • 10.1 Vendors covered
            • Exhibit 47: Vendors covered
          • 10.2 Market positioning of vendors
            • Exhibit 48: Market positioning of vendors
          • 10.3 A.W. Chesterton Co.
            • Exhibit 49: A.W. Chesterton Co. - Overview
            • Exhibit 50: A.W. Chesterton Co. - Product and service
            • Exhibit 51: A.W. Chesterton Co. - Key offerings
          • 10.4 Aesseal Plc
            • Exhibit 52: Aesseal Plc - Overview
            • Exhibit 53: Aesseal Plc - Business segments
            • Exhibit 54: Aesseal Plc - Key offerings
            • Exhibit 55: Aesseal Plc - Segment focus
          • 10.5 Anhui YALAN Seal Component Co. Ltd.
            • Exhibit 56: Anhui YALAN Seal Component Co. Ltd. - Overview
            • Exhibit 57: Anhui YALAN Seal Component Co. Ltd. - Product and service
            • Exhibit 58: Anhui YALAN Seal Component Co. Ltd. - Key offerings
          • 10.6 EnPro Industries Inc.
            • Exhibit 59: EnPro Industries Inc. - Overview
            • Exhibit 60: EnPro Industries Inc. - Business segments
            • Exhibit 61: EnPro Industries Inc. - Key offerings
            • Exhibit 62: EnPro Industries Inc. - Segment focus
          • 10.7 Flexaseal Engineered Seals and Systems LLC
            • Exhibit 63: Flexaseal Engineered Seals and Systems LLC - Overview
            • Exhibit 64: Flexaseal Engineered Seals and Systems LLC - Product and service
            • Exhibit 65: Flexaseal Engineered Seals and Systems LLC - Key offerings
          • 10.8 Flowserve Corp.
            • Exhibit 66: Flowserve Corp. - Overview
            • Exhibit 67: Flowserve Corp. - Business segments
            • Exhibit 68: Flowserve Corp. – Key news
            • Exhibit 69: Flowserve Corp. - Key offerings
            • Exhibit 70: Flowserve Corp. - Segment focus
          • 10.9 Freudenberg SE
            • Exhibit 71: Freudenberg SE - Overview
            • Exhibit 72: Freudenberg SE - Business segments
            • Exhibit 73: Freudenberg SE – Key news
            • Exhibit 74: Freudenberg SE - Key offerings
            • Exhibit 75: Freudenberg SE - Segment focus
          • 10.10 Leak-Pack Engineering (I) Pvt. Ltd.
            • Exhibit 76: Leak-Pack Engineering (I) Pvt. Ltd. - Overview
            • Exhibit 77: Leak-Pack Engineering (I) Pvt. Ltd. - Product and service
            • Exhibit 78: Leak-Pack Engineering (I) Pvt. Ltd. - Key offerings
          • 10.11 Meccanotecnica Umbra SPA
            • Exhibit 79: Meccanotecnica Umbra SPA - Overview
            • Exhibit 80: Meccanotecnica Umbra SPA - Product and service
            • Exhibit 81: Meccanotecnica Umbra SPA - Key offerings
          • 10.12 Smiths Group Plc
            • Exhibit 82: Smiths Group Plc - Overview
            • Exhibit 83: Smiths Group Plc - Business segments
            • Exhibit 84: Smiths Group Plc – Key news
            • Exhibit 85: Smiths Group Plc - Key offerings
            • Exhibit 86: Smiths Group Plc - Segment focus

          11 Appendix

          • 11.1 Scope of the report
            • 11.2 Currency conversion rates for US$
              • Exhibit 87: Currency conversion rates for US$
            • 11.3 Research methodology
              • Exhibit 88: Research Methodology
              • Exhibit 89: Validation techniques employed for market sizing
              • Exhibit 90: Information sources
            • 11.4 List of abbreviations
              • Exhibit 91: 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
            Technavio

            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
            Technavio

            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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            market growth will increase by $1096.84 million during 2021-2025.
            The market is expected to grow at a CAGR of 4.41% during 2021-2025.
            Technavio has segmented the market by end user (Oil and gas, General industries, Chemicals and pharmaceuticals, Water and wastewater treatment, and Others) and geographic (APAC, North America, Europe, MEA, and South America).
            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 are a few of the key vendors in the market.
            APAC will register the highest growth rate of 50.64% among the other regions. Therefore, the market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
            • China
            • US
            • Germany
            • Japan
            • India
            The key factors driving the market growth are:
            • Growth in aftermarket sales
            • Emergence of additive manufacturing
            The market vendors should focus on grabbing business opportunities from the oil and gas segment as it accounted for the largest market share in the base year.
            • 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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            • Detailed vendors report with competitive landscape
            • Covid-19 impact and recovery analysis
            • Data on revenue-generating market segments
            • Details on the market shares of various regions
            • Five-force market analysis

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