Mechanical Seals Market to grow by USD 1,678.96 million from 2022 to 2027|Rising adoption of renewable energy will boost the market growth - Technavio

NEW YORK, July 6, 2023 /PRNewswire/ -- The mechanical seals market size is set to grow by USD 1,678.96 million from 2022 to 2027 and register an accelerating CAGR of 5.66%, according to Technavio's latest market research report estimates. With a focus on identifying dominant industry influencers, Technavio's reports present a detailed study by way of synthesis, and summation of data from multiple sources. This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. Read our Sample Report

The report also covers the following areas:

• Mechanical Seals Market size
• Mechanical Seals Market trends
• Mechanical Seals Market industry analysis

Mechanical Seals Market 2023-2027: Segmentation

• Type 
• Pump Seals
• Compressor Seals
• Mixer Seals
• End-user 
• Oil And Gas
• General Industries
• Chemicals And Pharmaceuticals
• Water And Wastewater Treatment
• Construction And Others
• Geography 
• APAC
• North America
• Europe
• Middle East And Africa
• South America
• The market share growth by the pump seals segment will be significant for market growth during the forecast period. Pump seals are widely used to prevent the leakage of fluids and gases in centrifugal pumps, in order to ensure efficient and reliable operation. The main applications of pump fluids include the transportation of fluids, and guaranteeing proper sealing which is critical to mitigating leaks, reducing product loss, and maintaining operational efficiency. Hence, such applications are expected to drive the pump seals segment during the forecast period.

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Mechanical Seals Market 2023-2027: Vendor Analysis and Scope

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. To help businesses improve their market position, the mechanical seals market provides a detailed analysis of around 15+ vendors operating in the market. Some of these vendors include A.W. Chesterton Co., Aesseal Plc, Anhui YALAN Seal Component Co. Ltd., Avon Seals Pvt. Ltd., EnPro Industries Inc., Flexaseal Engineered Seals and Systems LLC, Flowserve Corp., Freudenberg SE, Hefei Supseals International Trade Co. Ltd., Kaman Corp., Leak Pack Engineering Pvt. Ltd., Meccanotecnica Umbra S.p.A., MICROTEM Srl, Ningbo BeTong Mechanical Seals Factory, PPC Mechanical Seals, Quba Seals India Pvt. Ltd., Saisi Mechanical Seal Co. Ltd., Smiths Group Plc, Tenneco Inc., and Trelleborg AB.

Vendor Offerings

• A.W. Chesterton Co: The company offers mechanical seals such as split seals, cartridge seals, cassette seals, gas seals, bellows seals, slurry seals, mixer agitator seals, and component seals.
• Aesseal Plc: The company offers mechanical seals such as cartridge seals, gas seals, component seals, and seal support systems.
• Anhui YALAN Seal Component Co: The company offers mechanical seals such as spring pusher seals, bellow seals, paper and pulp seals, mixer and agitator seals, and Slurry and FGD seals.

Mechanical Seals Market 2023-2027:  Market Dynamics

Key Drivers

The rise in aftermarket sales of mechanical seals is significantly driving market growth. Mechanically sealed parts have short lifetimes, which vary depending on the type of application. Mechanically sealed parts are reprogrammed at regular intervals in order to comply with Federal or Local Emission Regulations as well as in order to retain the efficiency of the process by removing leakage. Mechanical seals are one of the key components of pumps, compressors, and agitators, among others, and the market share majorly relies on aftermarket sales. Hence, such factors are expected to drive market growth during the forecast period.

Major Trends

The major advancement in material science in mechanical seals is the key trend for the mechanical seals market. The quality and standards of materials used in mechanical seal manufacturing determine its performance level. Therefore, there is a significant increase in investment in R&D to develop materials that are used for their manufacture that are utilized in the manufacturing of mechanical seals. Additionally, there are further developments in the production of coating materials that make it possible to enhance the performance of rubber seals. Hence such factors are expected to drive the market growth during the forecast period.

Significant Challenge

The varying prices of raw materials are challenging the mechanical seal market. Some of the key materials which are used in the production of mechanical seals include steel, silicon carbide, tungsten carbide, and carbon. Hence, the fluctuations in the prices of these raw materials will significantly influence the manufacturing costs of mechanical seals. Furthermore, factors such as inflation, labor cost, and regulatory policy changes impact the prices of these raw materials which in turn hinders the market growth during the forecast period.

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• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy the report!

Mechanical Seals Market 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist mechanical seals market growth during the next five years
• Estimation of the mechanical seals market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the mechanical seals market
• 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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Table of Contents

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 Aesseal Plc 
• Exhibit 130: Aesseal Plc - Overview
• Exhibit 131: Aesseal Plc - Product / Service
• Exhibit 132: Aesseal Plc - Key offerings

• 12.5 Anhui YALAN Seal Component Co. Ltd.
• Exhibit 133: Anhui YALAN Seal Component Co. Ltd. - Overview
• Exhibit 134: Anhui YALAN Seal Component Co. Ltd. - Product / Service
• Exhibit 135: Anhui YALAN Seal Component Co. Ltd. - Key offerings

• 12.6 Avon Seals Pvt. Ltd. 
• Exhibit 136: Avon Seals Pvt. Ltd. - Overview
• Exhibit 137: Avon Seals Pvt. Ltd. - Product / Service
• Exhibit 138: Avon Seals Pvt. Ltd. - Key offerings

• 12.7 EnPro Industries Inc. 
• Exhibit 139: EnPro Industries Inc. - Overview
• Exhibit 140: EnPro Industries Inc. - Business segments
• Exhibit 141: EnPro Industries Inc. - Key offerings
• Exhibit 142: EnPro Industries Inc. - Segment focus

• 12.8 Flexaseal Engineered Seals and Systems LLC
• Exhibit 143: Flexaseal Engineered Seals and Systems LLC - Overview
• Exhibit 144: Flexaseal Engineered Seals and Systems LLC - Product / Service
• Exhibit 145: Flexaseal Engineered Seals and Systems LLC - Key offerings

• 12.9 Flowserve Corp. 
• Exhibit 146: Flowserve Corp. - Overview
• Exhibit 147: Flowserve Corp. - Business segments
• Exhibit 148: Flowserve Corp. - Key news
• Exhibit 149: Flowserve Corp. - Key offerings
• Exhibit 150: Flowserve Corp. - Segment focus

• 12.10 Freudenberg SE 
• Exhibit 151: Freudenberg SE - Overview
• Exhibit 152: Freudenberg SE - Business segments
• Exhibit 153: Freudenberg SE - Key news
• Exhibit 154: Freudenberg SE - Key offerings
• Exhibit 155: Freudenberg SE - Segment focus

• 12.11 Hefei Supseals International Trade Co. Ltd.
• Exhibit 156: Hefei Supseals International Trade Co. Ltd. - Overview
• Exhibit 157: Hefei Supseals International Trade Co. Ltd. - Product / Service
• Exhibit 158: Hefei Supseals International Trade Co. Ltd. - Key offerings

• 12.12 Kaman Corp. 
• Exhibit 159: Kaman Corp. - Overview
• Exhibit 160: Kaman Corp. - Product / Service
• Exhibit 161: Kaman Corp. - Key offerings

• 12.13 Leak Pack Engineering Pvt. Ltd. 
• Exhibit 162: Leak Pack Engineering Pvt. Ltd. - Overview
• Exhibit 163: Leak Pack Engineering Pvt. Ltd. - Product / Service
• Exhibit 164: Leak Pack Engineering Pvt. Ltd. - Key offerings

• 12.14 Meccanotecnica Umbra S.p.A. 
• Exhibit 165: Meccanotecnica Umbra S.p.A. - Overview
• Exhibit 166: Meccanotecnica Umbra S.p.A. - Product / Service
• Exhibit 167: Meccanotecnica Umbra S.p.A. - Key offerings

• 12.15 MICROTEM Srl 
• Exhibit 168: MICROTEM Srl - Overview
• Exhibit 169: MICROTEM Srl - Product / Service
• Exhibit 170: MICROTEM Srl - Key offerings

• 12.16 Ningbo BeTong Mechanical Seals Factory
• Exhibit 171: Ningbo BeTong Mechanical Seals Factory - Overview
• Exhibit 172: Ningbo BeTong Mechanical Seals Factory - Product / Service
• Exhibit 173: Ningbo BeTong Mechanical Seals Factory - Key offerings

• 12.17 PPC Mechanical Seals 
• Exhibit 174: PPC Mechanical Seals - Overview
• Exhibit 175: PPC Mechanical Seals - Product / Service
• Exhibit 176: PPC Mechanical Seals - Key offerings

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 177: Inclusions checklist
• Exhibit 178: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 179: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 180: Research methodology
• Exhibit 181: Validation techniques employed for market sizing
• Exhibit 182: Information sources

• 13.5 List of abbreviations 
• Exhibit 183: List of abbreviations

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