The Mechanical Seals Market is classified by Material as Carbon, Graphite, Ceramic, and Metal. The Carbon material segment is expected to hold higher share than other materials due its properties such as chemically inert to most of the process liquid, low friction coefficient, high wear resistance, abrasion resistance and highly chemical resistances, graphite material is also expected to grow owing its properties like high thermal conductivity and low coefficient in expansion and high thermal shock resistance and Ceramic materials segment is also expected to hold large market share because of its properties such as wear resistant, high temperature resistant and corrosion resistant, Metal materials segment is also expected to grow at steady pace due to high strength, durable and suitable for harsh environment.The Mechanical Seals Market is expected to reach a value of USD 5.6 billion by 2024, growing at a CAGR of 4.8% over the forecast period. The growth of the market is influenced by the increasing demand of the mechanical seals in the industry such as oil and gas, power generation, and chemical processing. Increase demand of seal less pumps is also leading to growth of the mechanical seals market.
