Apac pump mechanical seals market

APAC Pump Mechanical Seals Market, by Design Type (Pusher Seals, Non-pusher Seals, Cartridge Seals), by Industry (Oil & Gas, Power, Water Treatment & Water Supply, Chemicals, Pharmaceutical, Mining & Mineral Extraction, Pulp & Paper Processing, Others) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

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Mar 2022
CMI4964
170 Pages
Excel & Pdf
Information and Communication Technology

Summary

The APAC pump mechanical seals market was valued at US$ 2.24 Bn in 2020, up from US$ 2.09 Bn in 2019. By 2028, the market is projected to reach US$ 4.09 Bn, exhibiting a CAGR of 6.78% over the forecast period (2021–2028).

The APAC pump mechanical seals market is segmented on the basis of design type, which includes pusher seals, non-pusher seals, and cartridge seals. On the basis of industry, it is segmented into oil & gas, power, water treatment & water supply industry, chemical industry, pharmaceutical industry, mining & mineral extraction industry, pulp & paper processing, and others.

In India, the demand for pump mechanical seals from pharmaceutical industry and oil & gas industry is expected to increase, due to high economic growth and favorable government policies such as ‘Pharma 2020’. This is expected to aid in growth of the APAC pump mechanical seals market over the forecast period.

APAC Pump Mechanical Seals Market - Impact of Coronavirus (Covid-19) Pandemic

COVID-19 has significantly disrupted almost all the industries including automotive, manufacturing others. To combat COVID-19 pandemic, most of the countries had implemented lockdown and are now easing it phase-wise and industry wise. This has significantly impacted pump mechanical seal market as the facilities across the globe were temporarily shut down.

The COVID-19 has turned into a global crisis and it has a significant impact on the supply-side as well as the demand side of the pusher seals market. The companies need to evaluate impacts on three fronts: supply chain, market demand, and workforce.

The companies offering pusher seals are experiencing disruption in production and low demand due to lack of availability of workers. The COVID-19 crisis has disrupted entire tier structure of the supply chain in the seals industry.

APAC Pump Mechanical Seals Market Report Coverage

Report Coverage	Details
Base Year:	2020	Market Size in 2020:	US$ 2.24 Bn
Historical Data for:	2017 to 2019	Forecast Period:	2021 to 2028
Forecast Period 2021 to 2028 CAGR:	6.78%	2028 Value Projection:	US$ 4.09 Bn
Geographies covered:	APAC
Segments covered:	By Design Type: Pusher Seals, Non-pusher Seals, Cartridge Seals By Industry: Oil & Gas, Power, Water Treatment & Water Supply, Chemicals, Pharmaceutical, Mining & Mineral Extraction, Pulp & Paper Processing, Others
Companies covered:	John Crane, Eagleburgmann, Flowserve Corporation, AESSEAL Plc., Shutterstock, Inc., Meccanotecnica Umbra Spa, Vulcan Engineering Limited, Garlock, Sichuan Sunny Seal Co. Ltd., Sulzer Ltd., James Walker.
Growth Drivers:	Various government agencies are focusing on stringent norms and guidelines Increase in demand for mechanical pump seals in oil & gas industry
Restraints & Challenges:	Availability of alternative packaging materials such as gland packaging and other

Figure 1. APAC Pump Mechanical Seals Market Share, By Industry, 2020

Oil & Gas segment is expected to drive the market growth during the forecast period.

Among industry, Oil & Gas segment is expected to hold dominant position in the APAC pump mechanical seals market during the forecast period. This is attributed to the increasing demand for petroleum products which is expected to drive the segment growth during the forecast period.

Figure 2: APAC Pump Mechanical Seals Market Value (US$ Bn) Analysis and Forecast and Y-o-Y Growth (%), 2017 - 2028

Major players operating in the APAC pump mechanical seals market include John Crane, Eagleburgmann, Flowserve Corporation, AESSEAL Plc., Shutterstock, Inc., Meccanotecnica Umbra Spa, Vulcan Engineering Limited, Garlock, Sichuan Sunny Seal Co.Ltd., Sulzer Ltd., and James Walker.

Table of Content

*Browse 60 market data tables and 40 figures on ‘Pump Mechanical Seals Market -APAC forecast to 2028’

Segmentation

Detailed Segmentation

APAC Pump Mechanical Seals Market, By Design Type:
- Pusher Seals
- Non-pusher Seals
- Cartridge Seals
APAC Pump Mechanical Seals Market, By Industry:
- Oil & Gas
- Power
- Water Treatment & Water Supply
- Chemicals
- Pharmaceutical
- Mining & Mineral Extraction
- Pulp & Paper Processing
- Others

- Frequently Asked Questions -

What is the expected market size of APAC pump mechanical seals market in 2028?

The APAC pump mechanical seals market is expected to reach US$ 4.09 billion by 2028

What is the expected compound annual growth rate (CAGR) of the market during the forecast period (2021-2028)?

The market is expected to witness a CAGR of 6.78% during the forecast period (2021-2028).

What is the primary factor contributing to growth of the market?

Increase in demand for mechanical pump seals in oil & gas industry is expected to aid in growth of the market.

Based on industry, which segment held the largest market share in the market in 2020?

The oil & gas segment held the largest market share in the market in 2020.

Which region held the largest market share in the market in 2020?

North America held the largest share in the market in 2020, accounting for 43.2% share in terms of value.

Who are the key players operating in the market?

Key players operating in the market are John Crane, Eagleburgmann, Flowserve Corporation, AESSEAL Plc., Shutterstock, Inc., Meccanotecnica Umbra Spa, Vulcan Engineering Limited, Garlock, Sichuan Sunny Seal Co. Ltd., Sulzer Ltd., and James Walker.