Gasket & Seal Materials Market Analysis | 2022-2027

“The Gasket & Seal Materials Market is likely to grow at a promising CAGR of 5.5% over the coming five years”.

Market Dynamics

Introduction

Gasket and seal materials are specialized substances used to create gaskets and seals, which are essential components in mechanical systems to prevent leaks of fluids or gases. These materials must possess properties such as flexibility, durability, and resistance to high temperatures, chemicals, and pressure.

A variety of materials can be used to create gaskets and seals. These materials are unique to the applications for which they are intended. The unique qualities of these materials allow the seals to withstand harsh environments. They can endure extremely high temperatures and are typically corrosion and abrasion-resistant.

Market Drivers

The gasket and seal materials market faced several crises due to the emergence of the pandemic. Manufacturing of seals and gaskets was reduced due to their lower demand as many end-use industries such as automotive and aerospace industries suffered a decline in their production units.

The high demand for seals and gaskets in the oil and gas industry, which ensures the safe, dependable, and effective operation of a variety of onshore and offshore equipment, is the main factor fueling the market's expansion. Compressors and pumps, blow-out preventers, drilling mud systems, casing and pipe connections, control valves, and drilling tools and bits all make use of these seals and gaskets. Another significant factor propelling the market's expansion is the expanding use of seals and gaskets in the aerospace and automotive sectors.

Segments Analysis

By Material Type

“Rubber remains the most preferred material type in the market during the forecast period”

The market is segmented as rubber, PTFE, fiber, metal, cork, and others. Rubber remains the most preferred material type for manufacturing seals and gaskets in the market owing to the numerous characteristics of rubber, such as its resistance to water, oil, and chemicals, adhesion, electrical qualities, and resistance to shock. In addition, rubber possesses qualities such as elongation, resilience, and abrasion resistance. 

By End-Use Industry Type

“The automotive industry is likely to remain the biggest demand generator in the market during the forecast period”.

The market is segmented as automotive, oil & gas, aerospace & defense, electrical & electronics, chemicals, food & beverage, and others. The automotive industry is likely to remain the biggest demand generator for gasket and seal materials in the market during the forecast period.

Regional Analysis

“Asia-Pacific is expected to remain the largest and fastest-growing market for gasket & seal materials during the forecast period”.

The market is broken down geographically into areas, namely North America, Europe, Asia-Pacific, and the Rest of the World (RoW).  Asia-Pacific is expected to remain the largest market for gasket & seal materials during the forecast period. This region has experienced rapid growth as a result of fast industrialization and expanding economic conditions in growth-oriented countries such as Malaysia, South Korea, and India.

Key Players

The following are the key players in the Gasket & Seal Materials Market (arranged alphabetically)

• BRUSS Sealing Systems GmbH
• Dimer Group
• ERIKS NV
• ElringKlinger Kunststofftechnik GmbH
• Freudenberg Sealing Technologies
• John Crane
• Klinger Holding
• Parker Hannifin Corporation
• Saint-Gobain Performance Plastics
• Trelleborg Group

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research:

Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.