Gasket Seals Market

Introduction of the Global Gasket Seals Market Report

Gaskets and seals are elastomeric components used to cover the intersection between the coupling surfaces to avoid leakage and wastage of fluids and gas. They are generally manufactured from a variety of materials, including rubber, silicone, cork, paper, metal, copper, and foam. Gaskets and seals have several superior characteristics including high reliability, better strength, high flexibility, resistance to high heat and pressure, and the property of withstanding high compressive loads.

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Market Dynamic

Key Drivers and Emerging Trends

Increase in industrialization, growing urbanization, and rising demand of gaskets and seals from a variety of industries including, food processing, petrochemical, pharmaceutical, automotive, industrial machinery, electronics, chemicals, among others owing to their ability of resistance to chemicals, alkaline acids, extreme temperatures, and pressure are the major drivers boosting the growth of the gasket seals market. In addition, the gaskets seals market is expected to grow at a significant CAGR during the forecast period owing to their widespread use in the automotive industry for various applications such as filling the gap between the automotive components for assuring no leakage, dodging dust and other contaminants from penetrating the machinery, blocking lubricants from leaving the bearings, checking fluid and gas leakage to increase the average life span of automotive components. Moreover, gasket and seals have the property to withstand a number of harsh operating conditions such as corrosive chemicals, extreme temperature, deep sea, and thermal cycling due to which they are highly used in mining, oil & gas, and chemical industries. Furthermore, the rising environmental concerns owing to industrial emissions and the increasing demand to prevent personal injuries due to fugitive emissions is further expected to stimulate the demand for gaskets and seals in the coming years.

Restraints in the Global Gasket Seals Market

Price volatility of raw materials such as rubber, silicone, and graphite among others is one of the major factors expected to hamper the growth of the gaskets and seals market. Moreover, disruption caused in the global supply chains due to the outbreak of COVID 19 pandemic is likely to restraint the market growth during the forecast period.

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Material – Segment Analysis

Based on material, PTFE (Polytetrafluoroethylene) is expected to grow at a prominent CAGR during the forecast period. This can be attributed to the huge demand of PTFE gaskets and seals materials in chemical processing, food industry, and metallurgy industries owing to their high temperature resistance, chemical resistance, durability, flexibility, non- corrosive property, electrical resistance, and availability in wide range of thicknesses.

Product – Segment Analysis

On the basis of the product, seals segment is anticipated to dominate the market share over the forecast period. This is primarily due to the wide application of seals in variety of operations including aerospace, climate control, filtration, electromechanical, hydraulic, pneumatic, and fluid, and gas handling operations owing to their ability to control leakage of a wide range of liquids, acids, salts and rough particles.

Application – Segment Analysis

On the basis of application, oil and gas segment is expected to grow at a faster CAGR during the forecast period owing to the growing adoption of gasket and seals to prevent leak of toxic and hazardous material from the flange joints that can harm humans and the environment. Moreover, use of gaskets and seals made up of non-metallic such as PTFE, Leather, Teflon, or Graphite in low pressure and low temperature applications is further expected to stimulate the growth of the market.

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Regional – Segment Analysis:

Based on the Region, Asia-Pacific region is anticipated to witness a higher CAGR during the forecast period. This is primarily due to the accelerated industrialization in the growing economies including China, India, and South Korea and rising number of end-use industries such as oil and gas refineries, automotive, and petrochemical in the region.  The presence of large number of gaskets and seals manufacturers including Sealmax, Crown Gaskets Pvt. Ltd., Cixi High New (Coxin) Sealing Material Co.,Ltd., and Ningbo Techo Sealing Gasket Co., Ltd. among others are further supporting the market growth in Asia-Pacific. On the other hand, North America is projected to lead the market owing to the rapid adoption of fuel-efficient vehicle and augmented demand of gaskets and seals in the aerospace and defence sector. 

Top Market Players

Various notable players operating in the market include AB SKF, Dana Limited, Freudenberg Group, Flowserve Corporation, Smiths Group Plc, Trelleborg AB, ElringKlinger AG, Cooper Standard, Bruss Sealing System, and Lydall, Inc., among others.

Key Developments:

• • In 2019, Lydall, Inc., through its wholly-owned subsidiary Lydall Performance Materials, Inc., acquired the gasket materials business from Hollingsworth & Vose Company. This acquisition helped in enhancing the product portfolio of the company.

Segments covered in the Report:

The global Gasket Seals market has been segmented on the basis of type, technology, component, network connectivity, industry, and regions. Based on material, the market is segmented into fibre, graphite, PTFE, rubber, and others. Based on the product, the market is segmented into gaskets and seals. Based on application, the market is segmented into automotive, industrial machinery, electrical and electronics, oil & gas, chemicals & petrochemicals, and others. 

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Key questions answered in this research report:

• • At what pace is global Gasket Seals market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Gasket Seals market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Gasket Seals market?
  • Which product generated maximum revenues in 2019 and identify the most promising product during the forecast period?
  • What are the various applications of global Gasket Seals market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Material, By Product, By Application, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	AB SKF, Dana Limited, Freudenberg Group, Flowserve Corporation, Smiths Group Plc, Trelleborg AB, ElringKlinger AG, Cooper Standard, Bruss Sealing System, and Lydall, Inc., among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Gasket Seals Market by Material

• • Fibre
  • Graphite
  • PTFE
  • Rubber
  • Others

Global Gasket Seals Market by Product

• • Gaskets
    • Metallic Gasket
    • Rubber Gasket
    • Cork Gasket
    • Non-Asbestos Gasket
    • Spiral Wound Gasket
    • Other Gaskets
  • Seals
    • Shaft Seals
    • Molded Seals
    • Motor Vehicle Body Seals
    • Other Seals

Global Gasket Seals Market by Application

• • Automotive
  • Industrial Machinery
  • Electrical and Electronics
  • Oil & Gas
  • Chemicals & Petrochemicals
  • Others

Global Gasket Seals Market by Region

• • North America Gasket Seals Market (Option 1: As a part of the free 25% customization)
    • North America Gasket Seals Market by Material
    • North America Gasket Seals Market by Product
    • North America Gasket Seals Market by Application
    • US Gasket Seals Market All-Up
    • Canada Gasket Seals Market All-Up
  • Europe Gasket Seals Market (Option 2: As a part of the free 25% customization)
    • Europe Gasket Seals Market by Material
    • Europe Gasket Seals Market by Product
    • Europe Gasket Seals Market by Application
    • UK Gasket Seals Market All-Up
    • Germany Gasket Seals Market All-Up
    • France Gasket Seals Market All-Up
    • Spain Gasket Seals Market All-Up
    • Rest of Europe Gasket Seals Market All-Up
  • Asia-Pacific Gasket Seals Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Gasket Seals Market by Material
    • Asia-Pacific Gasket Seals Market by Product
    • Asia-Pacific Gasket Seals Market by Application
    • China Gasket Seals Market All-Up
    • India Gasket Seals Market All-Up
    • Japan Gasket Seals Market All-Up
    • Rest of APAC Gasket Seals Market All-Up
  • RoW Gasket Seals Market (Option 4: As a part of the free 25% customization)
    • RoW Gasket Seals Market by Material
    • RoW Gasket Seals Market by Product
    • RoW Gasket Seals Market by Application
    • Brazil Gasket Seals Market All-Up
    • South Africa Gasket Seals Market All-Up
    • Saudi Arabia Gasket Seals Market All-Up
    • UAE Gasket Seals Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Gasket Seals Market All-Up

Major Players Operating in the Gasket Seals (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • AB SKF
  • Dana Limited
  • Freudenberg Group
  • Flowserve Corporation
  • Smiths Group Plc
  • Trelleborg AB
  • ElringKlinger AG
  • Cooper Standard
  • Bruss Sealing System
  • Lydall, Inc.