GOLDSTEIN
TM
Market Intelligence
NOVEMBER 2020
MEXICO MECHANI CAL SEALS MARKET Published by
Goldstein Market Intelligence
INDUSTRY LEADER: Abbie O Savage Industrial Products & Construction Leader
GOLDSTEIN
TM
Market Intelligence
EXECUTIVE SUMMARY
M
Petroleum and mining are Mexico's biggest industries. They engaged in the business of play a significant part in the of the country. manufacturing, designing, economy marketing and exporting a wide Application of mechanical seal is range of high quality Mechanical very significant in this sector. In Seals and Associated products to the coming year, 3.21% of the cater the growing needs of revenue of mechanical seal market will come from this sector. process industries. exico Engineering incorporated in 2004 is
Industrias Vago de México, S.A. de C.V., begins operations on April of 1975, in association with an important manufacturer of mechanical seals, called SEALOL, Inc.
development of new refining processes and the attendant need for the pumping of a variety of fluids under conditions for which conventional stuffing box packings.
Mexico Mechanical Seals Market Size (USD Billion) 2017-2025
Source: ©2020 Goldstein Market Intelliigence
© 2020 GOLDSTEIN MARKET INTELLIGENCE
PAGE 02
GOLDSTEIN
TM
Market Intelligence
MARKET OUTLOOK Long Term Cost Effectiveness Fewer fluids lost in leaks means significant savings that come from less waste, a reduction of pump failures, and easier maintenance. They also reduce the hazards to pump operators and bring associated health, safety, and environmental benefits. The seal system's role in a pump is to minimize leakage of the pumped liquid from the area in the pump where the drive shaft enters or exits the casing. Depending on the type of pumped liquid, leaking fluid can be extremely dangerous, so seal systems help keep pumping equipment operating safely.
Increase in acceptability of mechanical seals by processing industries is anticipated to drive the global mechanical seals market. Mechanical seals are widely employed in harsh conditions such as well drilling, fresh water distribution, lift stations, and wastewater treatment in the water & wastewater industry. Introduction of mechanical seals in cooling towers, hot & cold water, circulation pumps, booster pumps, boiler feed, and fire pumps in the HVAC industry is also expected to drive the global mechanical seals market.
Adoption of mechanical seals in pumps and compressors reduces the maintenance and operation cost of the system and ensures leakage safety and mitigation of airborne pollution.
Š 2020 GOLDSTEIN MARKET INTELLIGENCE
PAGE 03
GOLDSTEIN
TM
Market Intelligence
ECONOMIC OUTLOOK Global economic activity is picking up with a long-awaited cyclical recovery in investment, manufacturing, and trade. Stronger activity, expectations of more robust global demand, reduced deflationary pressures, and optimistic financial markets are all upside developments. But structural impediments to a stronger recovery and a balance of risks that remains tilted to the downside, especially over the medium term, remain important challenges. Global economic activity slowed notably in the second half of last year, reflecting a confluence of factors affecting major economies. Global growth is now projected to slow from 3.6 percent in 2018 to 3.3 percent in 2019, before returning to 3.6 percent in 2020. Global growth in 2019 is expected to slow to 2.6 percent, reflecting weaker-than-expected trade and Š 2020 GOLDSTEIN MARKET INTELLIGENCE
investment at the start of the year. Growth is projected to gradually rise to 2.8 percent by 2021, predicated on continued benign global financing conditions and a modest recovery in emerging market and developing economies (EMDEs). EMDE growth is projected to pick up from a four-year low of 4 percent in 2019 to 4.6 percent in 2020-21. This recovery is predicated on the waning impact of earlier financial pressures in some large EMDEs. Growth in all EMDE regions has been weaker than expected amid softening external demand and, in some countries, persistent domestic headwinds. Activity in the East Asia and Pacific and South Asia regions remains buoyant, while growth in other EMDE regions is expected to recover in 2020-21. Risks remain firmly on the downside.
PAGE 04
GOLDSTEIN
TM
Market Intelligence
Scan the QR code or click the link below for our study on future of Mechanical Seals Market. bit.ly/3eDo1sB
About the Industry Leader
Abbie is the leader of the Industrial Products & Construction practice with Goldstein Intelligence Group (GIG). She has more than 12 years of experience working with a broad range of publicly held and private clients in range of industries including industrial products and automotive sectors.
-Abbie O Savage Industrial Products & Construction Industry Leader +44-7520-6444-82
Abbie's working style is consistently focused with ensuring open communications across all levels of management while delivering outstanding client service. She has primarily served clients with significant international operations and, as a result, has traveled extensively throughout her career in North America, Europe, Asia, the Middle East and South America.
Š 2020 GOLDSTEIN MARKET INTELLIGENCE
PAGE 05
GOLDSTEIN
TM
Market Intelligence
About Goldstein Intelligence Group (GIG)
Goldstein Market Intelligence helping businesses to be successful at strategy and take informed decisions to grow the business in the future. Goldstein Market Intelligence is one of the leading professional services firms, providing Intelligence Services, Consulting & Advisory, and research-related services to clients. We, at Goldstein Intelligence Group (GIG) practice, work side by side with chief executives and their teams to create effective strategies and secure alignment across the organization. Goldstein Intelligence Group (GIG), a network of worldwide professional services firms, as a leading group with a strong commitment to establishing itself as a truly global-minded professional firm that can provide professional services across the world. Backed up by reliable research and impactful statistics, our business solutions empower our clients to grow at a fast pace despite unsettling fluctuations in the market. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.
Headquarters: Goldstein Intelligence Group (GIG) 63-66 Hatton Garden, Holborn London, United Kingdom EC1N 8LE Call us:
+44-7520-6444-82
Email us: enquiry@goldsteinresearch.com Visit us:
www.goldsteinresearch.com
Engage with us:
Š 2020 GOLDSTEIN MARKET INTELLIGENCE
PAGE 06