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According to the latest research, the global Gaskets and Seals market size was valued at USD 26662.61 million in 2022 and is expected to expand at a CAGR of 5.34% during the forecast period, reaching USD 36430.27 million by 2028.
Gaskets are used to seal two components or flanges that have a flat surface. Seals are used to describe parts that are used between engine parts, pumps and shafts that rotate. Gaskets are used as static seals.
Seals are generally moulded or machined product, often flat and round such as an O-ring. Gaskets are cut into different shapes so that they fit the design and bolt spacing of a component.
Market Drivers of Gasket & Seal
North America, Europe, China, India, South America, Korea
Rise in vehicle production propels the growth of the market. In addition, increase in tough emission standards will drive the market during forecasting period. Asia Pacific is expected to grasp major revenue shares in gasket & seals market. This growth is attributed to rising demand from the automotive industry in emerging economies like India and China. By end user, the electrical and electronics segment has the largest market share and is expected to remain the same for the next few years due to increasing projects in the field of oil & gas in emerging countries.
Opportunities
More opportunity in improvement of product.
Because of the advantages of gasket & seal, it has been used in different industries, also, with the development of technology, more new materials such as graphite, there will be more improvement of the innovation, there might be more high-performance products in the future.
Emerging countries
For example, China, India, South America, Middle East and Africa, have large amounts of demand potential in the world, with the progress of economy, the advanced development of technology, the development of local companies, the market of gasket & seal has great market potential.
Region Overview:
Asia Pacific had the highest growth rate of all regions.
Company Overview:
Freudenberg Sealing Technologies Gmbh & Co. Kg is one of the major players operating in the Gaskets and Seals market, holding a share of 16.72% in 2022.
Freudenberg Sealing Technologies Gmbh & Co. Kg
Freudenberg Sealing Technologies GmbH & Co. KG develops, manufactures, and supplies elastomeric materials, and precision-molded seals and products for customers in Germany and internationally.
AB SKF
AB SKF develops, produces, and markets products, solutions, and services in the rolling bearing and seal business. The Company's product line includes ball and roller bearings, specialty bearings, sealing systems, linear motion products, tools for mounting and dismounting bearings, and measuring and monitoring instruments
Segmentation Overview:
By type, Gasket segment accounted for the largest share of market in 2021.
Gasket
Gaskets are used to seal two components or flanges that have a flat surface. Seals are used to describe parts that are used between engine parts, pumps and shafts that rotate. Gaskets are used as static seals.
Seal
Seals are generally molded or machined product, often flat and round such as an O-ring. Gaskets are cut into different shapes so that they fit the design and bolt spacing of a component.
Application Overview:
By application, the Automotive segment occupied the biggest share from 2017 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Gaskets and Seals industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Gaskets and Seals. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Gaskets and Seals Market Report Include:
Market Size Estimates: Gaskets and Seals market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Gaskets and Seals market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Gaskets and Seals market
Segment Market Analysis: Gaskets and Seals market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Gaskets and Seals market situations and prospects in major and top regions and countries
Gaskets and Seals Market
Gaskets and Seals Industry Chain: Gaskets and Seals market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Gaskets and Seals Industry News, Policies by regions
Gaskets and Seals Industry Porters Five Forces Analysis
Key players in the global Gaskets and Seals market are covered in Chapter 2:
Cooper standard holding Inc
Trelleborg AB
Elringklinger AG
DuPont
Flowserve Corporation
Dana Holding Corporation
Datwyler Holding Inc.
Smiths Group PLC
Federal-Mogul Holdings Corporation
Freudenberg Sealing Technologies Gmbh & Co. Kg
AB SKF
NOK Corporation
In Chapter 6 and Chapter 9, on the basis of types, the Gaskets and Seals market from 2018 to 2028 is primarily split into:
Rubber Gasket
Fiber
Silicone Gasket
Graphite
PTFE
Other
In Chapter 7 and Chapter 10, on the basis of applications, the Gaskets and Seals market from 2018 to 2028 covers:
Oil and Gas
Automotive
Marine and Rail
Electrical and Electronics
Industrial and Manufacturing
Power and Energy
Chemical and Petrochemicals
Other End Users
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Gaskets and Seals market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Gaskets and Seals industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Gaskets and Seals market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Gaskets and Seals industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Gaskets and Seals market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Gaskets and Seals market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Gaskets and Seals market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
2022
Gaskets are used to seal two components or flanges that have a flat surface. Seals are used to describe parts that are used between engine parts, pumps and shafts that rotate. Gaskets are used as static seals.
Seals are generally moulded or machined product, often flat and round such as an O-ring. Gaskets are cut into different shapes so that they fit the design and bolt spacing of a component.
Market Drivers of Gasket & Seal
North America, Europe, China, India, South America, Korea
Rise in vehicle production propels the growth of the market. In addition, increase in tough emission standards will drive the market during forecasting period. Asia Pacific is expected to grasp major revenue shares in gasket & seals market. This growth is attributed to rising demand from the automotive industry in emerging economies like India and China. By end user, the electrical and electronics segment has the largest market share and is expected to remain the same for the next few years due to increasing projects in the field of oil & gas in emerging countries.
Opportunities
More opportunity in improvement of product.
Because of the advantages of gasket & seal, it has been used in different industries, also, with the development of technology, more new materials such as graphite, there will be more improvement of the innovation, there might be more high-performance products in the future.
Emerging countries
For example, China, India, South America, Middle East and Africa, have large amounts of demand potential in the world, with the progress of economy, the advanced development of technology, the development of local companies, the market of gasket & seal has great market potential.
Region Overview:
Asia Pacific had the highest growth rate of all regions.
Company Overview:
Freudenberg Sealing Technologies Gmbh & Co. Kg is one of the major players operating in the Gaskets and Seals market, holding a share of 16.72% in 2022.
Freudenberg Sealing Technologies Gmbh & Co. Kg
Freudenberg Sealing Technologies GmbH & Co. KG develops, manufactures, and supplies elastomeric materials, and precision-molded seals and products for customers in Germany and internationally.
AB SKF
AB SKF develops, produces, and markets products, solutions, and services in the rolling bearing and seal business. The Company's product line includes ball and roller bearings, specialty bearings, sealing systems, linear motion products, tools for mounting and dismounting bearings, and measuring and monitoring instruments
Segmentation Overview:
By type, Gasket segment accounted for the largest share of market in 2021.
Gasket
Gaskets are used to seal two components or flanges that have a flat surface. Seals are used to describe parts that are used between engine parts, pumps and shafts that rotate. Gaskets are used as static seals.
Seal
Seals are generally molded or machined product, often flat and round such as an O-ring. Gaskets are cut into different shapes so that they fit the design and bolt spacing of a component.
Application Overview:
By application, the Automotive segment occupied the biggest share from 2017 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Gaskets and Seals industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Gaskets and Seals. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Gaskets and Seals Market Report Include:
Market Size Estimates: Gaskets and Seals market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Gaskets and Seals market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Gaskets and Seals market
Segment Market Analysis: Gaskets and Seals market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Gaskets and Seals market situations and prospects in major and top regions and countries
Gaskets and Seals Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.Gaskets and Seals Industry Chain: Gaskets and Seals market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Gaskets and Seals Industry News, Policies by regions
Gaskets and Seals Industry Porters Five Forces Analysis
Key players in the global Gaskets and Seals market are covered in Chapter 2:
Cooper standard holding Inc
Trelleborg AB
Elringklinger AG
DuPont
Flowserve Corporation
Dana Holding Corporation
Datwyler Holding Inc.
Smiths Group PLC
Federal-Mogul Holdings Corporation
Freudenberg Sealing Technologies Gmbh & Co. Kg
AB SKF
NOK Corporation
In Chapter 6 and Chapter 9, on the basis of types, the Gaskets and Seals market from 2018 to 2028 is primarily split into:
Rubber Gasket
Fiber
Silicone Gasket
Graphite
PTFE
Other
In Chapter 7 and Chapter 10, on the basis of applications, the Gaskets and Seals market from 2018 to 2028 covers:
Oil and Gas
Automotive
Marine and Rail
Electrical and Electronics
Industrial and Manufacturing
Power and Energy
Chemical and Petrochemicals
Other End Users
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Gaskets and Seals market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Gaskets and Seals industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Gaskets and Seals market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Gaskets and Seals industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Gaskets and Seals market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Gaskets and Seals market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Gaskets and Seals market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
