The APAC pump mechanical seals market was valued at US$ 2.24 Billion in 2020 and is expected to surpass US$ 4.09 Billion by 2028, registering a CAGR of 6.78% during the forecast period (2021-2028), according to the APAC Pump Mechanical Seals Market Report, 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), published by Coherent Market Insights.
An important feature of the mechanical seal is to prevent leakage of liquids or gases by removing gap between the shaft and the container. Mechanical seals includes set of 2 faces separated by carbon rings. The first face is connected to the rotating material while the second face is upright. In addition, the main component of a seal is a seal ring (first face) on which mechanical energy is applied, produced by springs, storms, or liquid machinery. In recent years, machine seals have played a key role in the operation of various industries. The mechanical seals are made of a few flexible materials such as Polytetrafluoroethylene (PTFE), Polyurethane (AU, EU), industrial rubber, Fluorosilicone (FVMQ), and many more.
APAC Pump Mechanical Seals Market - Impact of Coronavirus (Covid-19) Pandemic
The outbreak of COVID-19 has acted as a massive restraint on the pusher seals component market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. Pump seals manufacturers depend heavily on supply of parts and components from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to lack of components and parts. However, it is expected that the pump seals component market will recover from the crisis across the forecast period.
Initially, some companies such as US based mechanical seals manufacturer company Flowserve Corporation witnessed decreased sales of mechanical pump seals as the global supply chain was disrupted by lockdown orders. But after lockdown, sales are booming globally.
To know the latest trends and insights prevalent in the APAC Pump Mechanical Seals Market, click the link below:
Key Trends and Analysis of the APAC Pump Mechanical Seals Market:
Major players operating in the APAC pump mechanical seals 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.