Mechanical Seals Procurement Research – Market Trends and Spend Analysis by SpendEdge
LONDON–(BUSINESS WIRE)–#mechanicalseals–Global procurement intelligence advisory firm, SpendEdge,
has announced the release of their ‘Mechanical
Seals Market Procurement Research Report.’ The insights and data
in this report provide a strategic analysis of the supply markets,
factors influencing purchasing decisions, procurement best practices,
pricing models, supplier landscape, and an analysis of the supplier
capability matrix for the components
and spares industry. This report breaks down the data and
analysis behind the procurement of mechanical seals and acts as an
all-inclusive guide for making smart purchasing decisions.
“The rapid growth of the pharmaceutical drug manufacturing industry
along with the increase in stringent regulations are expected to fuel
the growth of the global mechanical seals market,” says SpendEdge
procurement analyst Bhuvaneshwari Udayakumar. “There is a greater demand
for high-quality seals that have a longer product life as they
contribute to the buyers' and regulatory bodies' efforts in reducing
emissions,” added Bhuvaneshwari.
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Procurement analysts at SpendEdge highlight the following top three
market trends that are contributing to the growth of the Global
Mechanical Seals Market:
- Use of 3D printing for manufacturing seals
- Increasing demand from the pharmaceutical sector
-
The emergence of new end-user industries such as nuclear and renewable
energy
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Use of 3D printing for manufacturing seals:
Globally, there is an increase in the adoption of 3D printing for
manufacturing seals owing to the several advantages of using this
technique. The benefits include less wastage of raw materials and
automated fabrication of complex parts, which reduces the spend on
producing mechanical seals for suppliers. As a result, top suppliers
such as Trelleborg have started investing in 3D printing technology and
are already providing 3D printed components for mechanical seals.
Increasing demand from pharmaceutical sector:
There is an increasing demand for high-quality mechanical seals from the
pharmaceutical industry. The growing focus on bio-processed drugs is
fueling the demand for mechanical seals from this sector. The
ever-increasing demand from the pharmaceutical sector is anticipated to
result in new product development, which caters specifically to the
needs of buyers from the pharmaceutical industry.
The emergence of new end-user industries such as nuclear and
renewable energy:
The mechanical seals market is observing a high demand from new end-user
sectors such as nuclear and renewable energy. The emergence of new
end-user industries is expected to fuel the growth of this market. Also,
demanding end-user industries such as nuclear energy are likely to
provide scope for product development that is expected to offer novel
sealing solutions to other end-user sectors as well.
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SpendEdge shares your passion for driving sourcing and procurement
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Anirban Choudhury
Marketing Consultant
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630 984 7340
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