Lip seals enhance machine strength and performance. Lip seals must maintain proper contact with other parts of the system to perform well; otherwise, they will leak. Because lip seals are exposed to corrosive chemicals and materials, corrosion resistance should be excellent. Lip seals are among the vital machine components. They seem to be on almost every piece of plant machine. Owing to the aforementioned properties of lip seals, the long-term outlook of the market seems positive. The market for lip seals is expected to grow at a healthy CAGR of 5.0% during the forecast period to reach a value of US$ 16.9 Billion in 2027.
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