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The global gaskets and seals market reached a value of US$ 57.2 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 4.3% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
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.
IMARC Group provides an analysis of the key trends in each sub-segment of the global gaskets and seals market, along with forecasts at the global and regional level from 2021-2026. Our report has categorized the market based on product, material, application and end-use.
Breakup by Product:
Breakup by Material:
Breakup by Application:
Breakup by End-Use:
Breakup by Region:
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.
|Base Year of the Analysis||2020|
|Segment Coverage||Produc, Material, Application, End-Use, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Companies Covered||AB SKF, Dana Incorporated, ElringKlinger, Flowserve, Trelleborg, Freudenberg Sealing Technologies, Federal-Mogul, Smiths Group, BRUSS Sealing Systems, Cooper Standard Holding, Garlock Sealing Technologies and Daetwyler Holding|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
Key Questions Answered in This Report:
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