The global mechanical pump seals market was valued at US$ 4.06 billion in 2017, and is projected to reach US$ 7.34 billion by 2026, exhibiting a CAGR of 6.8% over the forecast period, according to Global Mechanical Pump Seals Market Report, by Design Type (Pusher Seals, Non-pusher Seals, and Cartridge Seals), by Industry (Oil & Gas, Power, Water Treatment & Water Supply Industry, Chemical Industry, Pharmaceutical Industry, Mining & Mineral Extraction Industry, Pulp & Paper Processing, and Others), and by Region (North America, Europe, Asia Pacific, and LAMEA), published by Coherent Market Insights.
Mechanical pump seals are designed to provide better sealing ability to avoid leakage between rotating part, which is a shaft of pump and stationary part of the pump housing. Mechanical pump seals are used on large scale in oil & gas, power, chemical, pharmaceutical, and other industries. Mechanical seals help to increase the productivity of the machine by preventing unnecessary losses of fluid and gases, owing to which industries are focusing on using mechanical seals to improve overall equipment performance with minimized operational costs and productivity losses. Earlier, the companies were using gland packaging material in pumps which used to reduce the productivity and performance of the pump, owing to these disadvantages of gland packaging nowadays mechanical seals are preferred by various end-use industries such as Oil and Gas, Chemical, Food and Beverage, and Pharmaceutical Industries in order to reduce the equipment downtime, and which in-turn boosts the overall equipment performance, this in turn will help the mechanical pump seals market to grow during the forecast period.
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