Mechanical Seals Market is Forecast to Rise at a CAGR of Over 9% Mechanical Seals Market 2015-2019

Mechanical Seals Market is Forecast to Rise at a CAGR of over 9%
during 2015-2019: Radiant Insights, Inc
Market outlook of the global mechanical seals market
Mechanical seals are widely used in the oil and gas, chemical, water and wastewater, and power
industries as they prevent leakage of industrial contaminants as well as corrosion and fatigue that can
reduce the efficiency and cycle life of the equipment. They also play a crucial role in the production and
transportation process in the oil and gas industry, making it a significant end-user of this market. The
global mechanical seals market is expected to grow at a CAGR of over 9% during the forecast period.
The discovery of shale gas production also plays a significant role in boosting the demand for mechanical
seals, as it has triggered oil production and exploration activities, especially in the US. Similarly, even
modern hydrocarbon processing plants require highly reliable seals to limit the leakage of fluids.
Therefore, these developments will bode well for the market growth during the forecast period.
Read Complete Report With TOC @ http://www.radiantinsights.com/research/global-mechanicalseals-market-industry-analysis-2015-2019
Segmentation of the mechanical seals market by end-user
Oil and gas
General industries
Chemical
Water
Power
Others
The oil and gas industry is the largest revenue generator of the mechanical seals market due to increase in
production of shale gas in developed and developing countries and is expected to remain at the top till the
end of the forecasted period. Factors such as new oil and gas exploration activities coupled with extensive
investment in pipelines and refineries in the Americas, the Middle East, Africa, and the APAC region will
further escalate the market growth.

Geographical segmentation of the mechanical seals market
Americas
APAC