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  • Gasket & Seal Materials Market Growth Analysis | 2022-2027

    Gasket & Seal Materials Market Growth Analysis | 2022-2027

    Gasket & Seal Materials Market Growth Analysis | 2022-2027
    Report code - SR2217 Delivery - 2 Weeks
    Gasket & Seal Materials Market Size, Share, Trend, Forecast, Competitive Analysis, and See more...

    Market Highlights

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

    Gasket & Seal Materials Market Report Overview

    Market Growth (2022-2027)

    5.5% CAGR

    Base Year of Study

    2021

    Trend Period

    2016-2020

    Forecast Period

    2022-2027

     

    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.

    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

    Segmentations

    List of Sub-Segments

    Dominant and Fastest-Growing Segments

    Material-Type Analysis

    Rubber, PTFE, Fiber, Metal, Cork, and Others

    Rubber remains the most preferred material type for manufacturing seals and gaskets in the market. 

    End-Use-Type Analysis

    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

    North America, Europe, Asia-Pacific, and Rest of the World

    Asia-Pacific is expected to remain the largest market for gasket & seal materials during the forecast period.

     

    By Material Type

    The gasket & seal materials 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 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 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:

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s gasket & seal materials market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

    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 industry experts to obtain both qualitative and quantitative insights.

    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?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Gasket & Seal Materials Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

    Report 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 the 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

    Frequently Asked Questions (FAQ)

    The gasket & seal materials market is estimated to grow at a CAGR of 5.5% by 2027.

    The market is driven by the high demand for seals and gaskets in the oil and gas industry and the expanding use of seals and gaskets in the aerospace and automotive sectors.

    Trelleborg Group, Freudenberg Sealing Technologies, Parker Hannifin Corporation, ERIKS NV, ElringKlinger Kunststofftechnik GmbH, Saint-Gobain Performance Plastics, BRUSS Sealing Systems GmbH, Dimer Group, John Crane, and Klinger Holding are the leading players in the gasket & seal materials market.

    Asia-Pacific is estimated to remain dominant in the gasket & seal materials market in the foreseen future.

    Asia-Pacific is estimated to remain the fastest-growing market for gasket & seal materials in the foreseen future owing to the rapid industrialization and expanding economic conditions in growth-oriented nations such as Malaysia, South Korea, and India.

    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.