The report entitled; “Mechanical Seals Market, Trends, Dynamics, and Market Analysis,” recently published by Stratview Research offers a comprehensive outlook of the industry. This report is by End-Use Industry Type (Oil Gas, Energy Power, Food Beverages, Chemical Processing, Metals Mining, Automotive, and Others), by Material Type (Elastomers, Thermoplastics, and Metals), by Product Type (Wet Gas Seals and Dry Gas Seals), by Design Type (Pusher Seals and Non-Pusher Seals), by Force Distribution Type (Balanced Seals and Unbalanced Seals), by Arrangement Type (Single Mechanical Seals and Multiple Mechanical Seals), by Assembly Type (Cartridge Seals and Component Seals), by Application Type (Pumps, Compressors, and Others),  and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

According to the report, the mechanical seals market is set to grow at an impressive CAGR of 4.1% over the next five years to reach US$ 4.5 billion in 2026.

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Segment Analysis

By 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, and distribution, and refinery. The mechanical seals are primarily used in pumps, compressors, and other rotating applications.

By 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.

By Application Type

The market is segmented into pumps, compressors, and others. Pumps held 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.

By Region

North America is expected to remain the largest market for mechanical seals during the forecast period in terms of regions. 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 seals manufacturers are located across the region to cater to the growing regional demand coming from a multitude of industries. Asia-Pacific to be the fastest-growing mechanical seals market over the same period, primarily driven by an exponential growth in various industries in the key economies such as China, Japan, and India.

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