The global gaskets and seals market reached a value of US$ 67.7 Billion in 2018. Gaskets and seals are mechanical fixtures that are used to prevent leakage of fluid between two components and admission of debris in engines. Gaskets act as a static seal between two non-mobile flat flanges. They are manufactured using materials that can handle high rates of compression such as rubber, nitrite, graphite and neoprene. On the other hand, seals are placed to prevent leakages from two moving parts such as shafts, pumps and engine components. They are usually flat and round and manufactured with an inner rubber surface and an outer metal ring. They are primarily used to seal the hydraulic line to prevent leakage from the shaft end. Both gaskets and seals offer high flexibility, reliability, strength and resistance to extreme heat.
The thriving automotive industry, along with the increasing product utilization in the plumbing and construction sector, represent the key factors driving the market growth. Owing to rising industrialization and rapid urbanization across the globe, there is a significant increase in the number of manufacturing plants and factories that use gaskets and seals. The automotive industry extensively utilizes the products to avoid the leakage or spillage of fluids and gases. Furthermore, gaskets are used in engines to maintain pressure and prevent contaminated particles from permeating, whereas seals are used as shock absorbers. They can also sustain extreme pressures, compressive loads and temperature variations due to which they are used in various sealing machines and equipment in the manufacturing sector. Moreover, the growth of the e-commerce platform that provides direct and third-party operated distribution channels to the manufacturers is also contributing to the market growth. Looking forward, IMARC Group expects the market to reach a value of US$ 90.3 Billion by 2024, registering a CAGR of around 5% during 2019-2024.
Report Coverage:
- Historical, Current and Future Market Trends
- Market Breakup by Product:
- Gaskets
- Metallic Gasket
- Rubber Gasket
- Cork Gasket
- Non-Asbestos Gasket
- Spiral Wound Gasket
- Others
- Seals
- Shaft Seals
- Molded Seals
- Motor Vehicle Body Seals
- Others
- Market Breakup by Material:
- Fiber
- Graphite
- PTFE
- Rubber
- Silicones
- Others
- Market Breakup by Application:
- Automotive
- Industrial Machinery
- Electrical and Electronics
- Marine & Rail
- Aerospace
- Oil & Gas
- Chemicals & Petrochemicals
- Others
- Market Breakup by End-Use:
- Market Breakup by Region:
- Asia Pacific
- North America
- Europe
- Middle East and Africa
- Latin America
Competitive Landscape:
The report has also analyzed the competitive landscape of the market with some of the key players being AB SKF, Dana Incorporated, ElringKlinger, Flowserve, Trelleborg, Freudenberg Sealing Technologies, Federal-Mogul, Smiths Group, BRUSS Sealing Systems, Cooper Standard Holding, Garlock Sealing Technologies, Daetwyler Holding, etc.
Key Questions Answered in This Report:
- How has the global gaskets and seals market performed so far and how will it perform in the coming years?
- What are the key regional markets in the global gaskets and seals industry?
- What is the breakup of the market based on the product?
- What is the breakup of the market based on the material?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the end-use?
- What are the various stages in the value chain of the global gaskets and seals industry?
- What are the key driving factors and challenges in the global gaskets and seals industry?
- What is the structure of the global gaskets and seals industry and who are the key players?
- What is the degree of competition in the global gaskets and seals industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Gaskets and Seals Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Product
5.4 Market Breakup by Material
5.5 Market Breakup by Application
5.6 Market Breakup by End-Use
5.7 Market Breakup by Region
5.8 Market Forecast
6 Market Breakup by Product
6.1 Gaskets
6.1.1 Market Trends
6.1.2 Market Breakup by Type
6.1.2.1 Metallic Gasket
6.1.2.2 Rubber Gasket
6.1.2.3 Cork Gasket
6.1.2.4 Non-Asbestos Gasket
6.1.2.5 Spiral Wound Gasket
6.1.2.6 Others
6.1.3 Market Forecast
6.2 Seals
6.2.1 Market Trends
6.2.2 Market Breakup by Type
6.2.2.1 Shaft Seals
6.2.2.2 Molded Seals
6.2.2.3 Motor Vehicle Body Seals
6.2.2.4 Others
6.2.3 Market Forecast
7 Market Breakup by Material
7.1 Fiber
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Graphite
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 PTFE
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Rubber
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Silicones
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Others
7.6.1 Market Trends
7.6.2 Market Forecast
8 Market Breakup by Application
8.1 Automotive
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Industrial Machinery
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Electrical and Electronics
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Marine & Rail
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Aerospace
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Oil & Gas
8.6.1 Market Trends
8.6.2 Market Forecast
8.7 Chemicals & Petrochemicals
8.7.1 Market Trends
8.7.2 Market Forecast
8.8 Others
8.8.1 Market Trends
8.8.2 Market Forecast
9 Market Breakup by End-Use
9.1 OEM
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Aftermarket
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by Region
10.1 Asia Pacific
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Europe
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 North America
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Middle East and Africa
10.4.1 Market Trends
10.4.2 Market Forecast
10.5 Latin America
10.5.1 Market Trends
10.5.2 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porter’s Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 AB SKF
14.3.2 Dana Incorporated
14.3.3 ElringKlinger
14.3.4 Flowserve
14.3.5 Trelleborg
14.3.6 Freudenberg Sealing Technologies
14.3.7 Federal-Mogul
14.3.8 Smiths Group
14.3.9 BRUSS Sealing Systems
14.3.10 Cooper Standard Holding
14.3.11 Garlock Sealing Technologies
14.3.12 Daetwyler Holding
List of Figures
Figure 1: Global: Gaskets and Seals Market: Major Drivers and Challenges
Figure 2: Global: Gaskets and Seals Market: Sales Value (in Billion US$), 2013-2018
Figure 3: Global: Gaskets and Seals Market: Breakup by Product (in %), 2018
Figure 4: Global: Gaskets and Seals Market: Breakup by Material (in %), 2018
Figure 5: Global: Gaskets and Seals Market: Breakup by Application (in %), 2018
Figure 6: Global: Gaskets and Seals Market: Breakup by End-Use (in %), 2018
Figure 7: Global: Gaskets and Seals Market: Breakup by Region (in %), 2018
Figure 8: Global: Gaskets and Seals Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 9: Global: Gaskets and Seals Industry: SWOT Analysis
Figure 10: Global: Gaskets and Seals Industry: Value Chain Analysis
Figure 11: Global: Gaskets and Seals Industry: Porter’s Five Forces Analysis
Figure 12: Global: Gaskets and Seals (Gaskets) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 13: Global: Gaskets and Seals (Gaskets) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 14: Global: Gaskets and Seals (Seals) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 15: Global: Gaskets and Seals (Seals) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 16: Global: Gaskets and Seals (Fiber) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 17: Global: Gask20ets and Seals (Fiber) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 18: Global: Gaskets and Seals (Graphite) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 19: Global: Gaskets and Seals (Graphite) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 20: Global: Gaskets and Seals (PTFE) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 21: Global: Gaskets and Seals (PTFE) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 22: Global: Gaskets and Seals (Rubber) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 23: Global: Gaskets and Seals (Rubber) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 24: Global: Gaskets and Seals (Silicones) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 25: Global: Gaskets and Seals (Silicones) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 26: Global: Gaskets and Seals (Other Materials) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 27: Global: Gaskets and Seals (Other Materials) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 28: Global: Gaskets and Seals (Automotive) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 29: Global: Gaskets and Seals (Automotive) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 30: Global: Gaskets and Seals (Industrial Machinery) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 31: Global: Gaskets and Seals (Industrial Machinery) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 32: Global: Gaskets and Seals (Electrical and Electronics) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 33: Global: Gaskets and Seals (Electrical and Electronics) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 34: Global: Gaskets and Seals (Marine & Rail) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 35: Global: Gaskets and Seals (Marine & Rail) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 36: Global: Gaskets and Seals (Aerospace) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 37: Global: Gaskets and Seals (Aerospace) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 38: Global: Gaskets and Seals (Oil & Gas) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 39: Global: Gaskets and Seals (Oil & Gas) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 40: Global: Gaskets and Seals (Chemicals & Petrochemicals) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 41: Global: Gaskets and Seals (Chemicals & Petrochemicals) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 42: Global: Gaskets and Seals (Other Applications) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 43: Global: Gaskets and Seals (Other Materials) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 44: Global: Gaskets and Seals (OEM) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 45: Global: Gaskets and Seals (OEM) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 46: Global: Gaskets and Seals (Aftermarket) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 47: Global: Gaskets and Seals (Aftermarket) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 48: Asia Pacific: Gaskets and Seals Market: Sales Value (in Billion US$), 2013 & 2018
Figure 49: Asia Pacific: Gaskets and Seals Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 50: Europe: Gaskets and Seals Market: Sales Value (in Billion US$), 2013 & 2018
Figure 51: Europe: Gaskets and Seals Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 52: North America: Gaskets and Seals Market: Sales Value (in Billion US$), 2013 & 2018
Figure 53: North America: Gaskets and Seals Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 54: Middle East and Africa: Gaskets and Seals Market: Sales Value (in Billion US$), 2013 & 2018
Figure 55: Middle East and Africa: Gaskets and Seals Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 56: Latin America: Gaskets and Seals Market: Sales Value (in Billion US$), 2013 & 2018
Figure 57: Latin America: Gaskets and Seals Market Forecast: Sales Value (in Billion US$), 2019-2024
List of Tables
Table 1: Global: Gaskets and Seals Market: Key Industry Highlights, 2018 and 2024
Table 2: Global: Gaskets and Seals Market Forecast: Breakup by Product (in Billion US$), 2019-2024
Table 3: Global: Gaskets and Seals Market Forecast: Breakup by Material (in Billion US$), 2019-2024
Table 4: Global: Gaskets and Seals Market Forecast: Breakup by Application (in Billion US$), 2019-2024
Table 5: Global: Gaskets and Seals Market Forecast: Breakup by End-Use (in Billion US$), 2019-2024
Table 6: Global: Gaskets and Seals Market Forecast: Breakup by Region (in Billion US$), 2019-2024
Table 7: Global: Gaskets and Seals Market Structure
Table 8: Global: Gaskets and Seals Market: Key Players