According to a report by Technavio, the global mechanical seals market is expected to grow by USD 1.72 billion from 2024 to 2028, with a compound - annual - growth rate (CAGR) of over 5.55%. The growth of the aftermarket sales of mechanical seals is the main driving force, and the additive manufacturing technology shows a developing trend. However, the fluctuating prices of raw materials such as steel pose a challenge to the market.