London, Mar 06, 2018: Increasing demand for high-quality seals that contribute to buyers’ efforts in curtailing emissions and growing focus of regulatory bodies on reducing the impact of emissions on the environment have driven the growth in the mechanical seals market. Additionally, growing demand from the pharmaceutical sector owing to emergence and adoption of bioprocess drugs is also driving the market growth.
SpendEdge’s latest procurement research report on the global mechanical seals market offers an in-depth assessment of the crucial factors influencing the supply market, strategic procurement and sourcing decisions, pricing models, and procurement best practices. The report, a part of the components and spares, also offers detailed insights into the supply chain management, key market developments, and demand-supply shifts to help sourcing and procurement experts make smart procurement decisions.
“The market for mechanical seals is obtaining demand from new end-user industries such as nuclear and renewable energy. The nuclear energy sector may decline over time owing to high negative environmental impact; however, the criticality of emission regulations for nuclear power generation is anticipated to spur new product development” – Bhuvaneshwari Udayakumar, components and spares expert at SpendEdge.
Due to a wide range of seals available in the market, buyers find it challenging to select a final product and often end up selecting a wrong product only to find incompatibility after its use. This eventually increases spend on mechanical seals by buyers. As a result, buyers are facing procurement challenges in selecting correct mechanical seals as per their requirement.
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This procurement report on the mechanical seals market offers insights on:
- Supply markets, growth drivers, trends, and imminent restraints
- Key suppliers and assessment of their capabilities
- Procurement best practices
- Negotiation strategies and cost-saving opportunities
- Pricing models and category innovations
- For a comprehensive, detailed list, view our full report
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