You are here

Gaskets And Seals Market Growth, Industry Outlook, Demand, Keyplayer Analysis and Opportunity

ivosmith98's picture
Submitted by ivosmith98 on Mon, 12/07/2020 - 22:03

According to the latest research report, the global gaskets and seals market reached a value of US$ 71 Billion in 2019. Looking forward, the market to exhibit moderate growth during the next five years.

Gasket and seals are mechanical equipment that are used to prevent the accumulation of debris in engines and leakage of fluid and gas between components. Gaskets are manufactured with rubber, silicone, metal, neoprene, fiberglass and plastic polymer and act as a static seal between two flanges to withstand high compressive loads. Seals are molded or machined components that are placed between engine parts, pumps and shafts to seal the hydraulic line and prevent leakage from the shaft end.

Some of the major players operating in the industry include:

1. AB SKF (OTCMKTS: SKFRY)
2. Dana Incorporated (NYSE: DAN)
3. ElringKlinger
4. Flowserve
5. Trelleborg
6. Freudenberg Sealing Technologies
7. Federal-Mogul
8. Smiths Group
9. BRUSS Sealing Systems
10 Cooper Standard Holding
11. Garlock Sealing Technologies
12. Daetwyler Holding

The global market is driven by rapid industrialization and increasing product utilization in the construction and plumbing sectors as they offer high flexibility, strength and resistance against extreme pressure and heat. Furthermore, the thriving automotive industry is also providing a boost to the market growth. Gaskets and seals are extensively used to maintain engine pressure, prevent dirt contamination and as shock absorbers in automobiles. Other factors, including technological innovations and growing demand for advanced sealing variants across several industries, are projected to drive the market further.

Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/gaskets-seals-market/requestsample

Key Market Segmentation:

Market Breakup by Product

Gaskets Market Breakup by Type

Metallic Gasket
Rubber Gasket
Cork Gasket
Non-Asbestos Gasket
Spiral Wound Gasket
Others

Seals Market Breakup by Type

Shaft Seals
Molded Seals
Motor Vehicle Body Seals
Others

Market Breakup by Material

1. Fiber
2. Graphite
3. PTFE
4. Rubber
5. Silicones
6. Others

Market Breakup by Application

1. Automotive
2. Industrial Machinery
3. Electrical and Electronics
4. Marine & Rail
5. Aerospace
6. Oil & Gas
7. Chemicals & Petrochemicals
8. Others

Market Breakup by End-Use

1. OEM
2. Aftermarket

Market Breakup by Region

1. Asia Pacific
2. Europe
3. North America
4. Middle East and Africa
5. Latin America

Key highlights of the report:

Market Performance

Market Outlook

Porter’s Five Forces Analysis

Market Drivers and Success Factors

SWOT Analysis

Value Chain

Competitive Structure

Profiles of Key Players

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us
IMARC Group
USA: +1-631-791-1145
Email: sales@imarcgroup.com
Website: https://www.imarcgroup.com
LinkedIn: https://www.linkedin.com/company/imarc-group/