Mechanical Seals Market is Forecasted to Reach US$ 4.5 billion in 2026, Says Stratview Research

The global mechanical seals market is projected to witness a growth rate of 4.1% annually from 2021 to 2026, with an anticipated size of US$ 4.5 billion by 2026, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global mechanical seals market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
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Report Highlights:
Market Size in 2026: US$ 4.5 billion
Growth (CAGR): 4.1% during 2021-2026
Forecast Period: 2021-2026
Trend Period: 2015-2019
Base Year: 2020
Number of Segments Covered: 9
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Mechanical Seals Market:

The global mechanical seals market is segmented based on end-use type, application type, material type, and region.

Based on end-use type - The market is segmented based on the end-use industry type as oil & gas, energy & power, food & beverages, chemical processing, metals & mining, automotive, and others. The oil & gas industry is estimated to remain the biggest demand generator for mechanical seals during the forecast period. In the oil & gas industry, seals are used in a multitude of applications including drilling, completion, production, distribution, and refinery. They are primarily used in pumps, compressors, and other rotating applications.

Based on material type - The market is segmented into elastomer seals, thermoplastic seals, and metal seals based on the material type. Elastomer is expected to remain the most dominant material type in the market during the forecast period, owing to its excellent properties suiting all the major applications, such as pumps, compressors, valves, and other rotary applications.

Based on application type - The market is segmented into pumps, compressors, and others. Pumps hold a lion's share in the mechanical seals market and are expected to maintain their dominance in the market in the foreseen future, owing to the usage of a large number of pumps during the whole process of extraction of oil & gas in both onshore and offshore. Compressors, the other major application, are likely to witness healthy growth in the coming years.

To know the most attractive segments, click here:
https://www.stratviewresearch.com/1833/mechanical-seals-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that North America is expected to remain the largest market for mechanical seals during the forecast period. This growth outlook is majorly attributed to the following-

• The USA remains the largest market in the region as well as in the world, driven by the country's dominance in key markets of mechanical seals. Major seal manufacturers are located across the region to cater to the growing regional demand coming from a multitude of industries.
• Asia-Pacific will be the fastest-growing mechanical seals market over the same period, primarily driven by exponential growth in various industries in key economies such as China, Japan, and India.

Mechanical Seals Market Drivers:

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

Top Companies in the Mechanical Seals Market:
Stratview Research has identified the following companies as the top market players (Based on Dominance).
• A.W. Chesterton Company
• AB SKF, AESSEAL plc
• Dover Corporation (Waukesha Bearings)
• EagleBurgmann (Freudenberg Group)
• Flowserve Corporation, FLUITEN Italia S.p.A.
• Garlock (EnPro Industries, Inc.)
• John Crane (Smiths Group plc)
• Trelleborg AB.

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Mechanical Seals Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:
• Elastomer Seals Market: https://www.stratviewresearch.com/2918/elastomer-seals-market.html
• Semiconductor Seals Market: https://www.stratviewresearch.com/809/Semiconductor-Seals-Market.html

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This release was published on openPR.