Gasket Market Size, Statistics, Trend Analysis and Forecast Report, 2020 - 2027

Gasket Market is segmented by Product (Metallic, Semi-metallic, Non-metallic), and by Application (Automotive, Electrical & Electronics, Marine & Rail, Industrial & Manufacturing, Aerospace, Oil & Gas, Chemicals & Petrochemicals, Others), and by End-User (OEMs, Aftermarket) and by Region (United States, Canada, Mexico, France, Germany, Italy, Spain, United Kingdom, Russia, China, India, Philippines, Malaysia, Australia, Austria, South Korea, Middle East, Japan, Africa and Rest of World)

  • Report ID : MD2151
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  • Pages : 220
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  • Tables : 85
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  • Formats :

Gasket Market Growth and Trends

The global gasket market has been expected to increase at 5.3 % annually until it reached $70.8 billion in 2019. The global gaskets market size was valued at USD 57.4 billion in the year 2018 and is expected to show a Compound annual growth rate of 3.7% from 2018 to 2025. After incurring several losses in the market trend in 2009 its recovery has been moderate after 2014.

The factors enhancing the growth in this market include:
• A Better rise in motor vehicle production, machinery output and electronic equipment that is also a result of the bolstered demand in the market.
• Increased fixed investment levels in industries which will lead to more gaskets purchased for equipment.
• A boost for the market by an expansion in demand for more expensive sealing products made from advanced technology and material.
• The striving automotive industry alongside an increasing product utilization for the construction sector and plumbing, mechanical
• The rising urbanization and development of countries across the globe, because of which there is a significant increase in the number of factories and manufacturing plants that require gaskets.
• The automotive industry extensively utilizing these because of the safety and leakage-less tasks that can be carried out using gaskets. If there is a leakage of fluids it could lead to major issues which this market completely blocks out.
• The usage of gaskets in engines to maintain pressure and act as the main shock absorbers even during extreme pressures exerted or compressive loads pulled up.
• Growing demand for accurate modes of sealing for factories that use extensive equipment taking up a lot of force and energy like microelectronics.
• The prevention of exhaust fume emission to pollute the pure air.
• The number of mechanical instruments in creation that increase the need for reliable fixes thus, enhancing the market growth.
• The diverse uses of it to supplement daily lifestyles. For instance:- because it can be utilized in baking material, swimming goggles, food storage containers with tight sealing and even incubators.

Challenges:

Some challenges dominating the market would be:
• The automotive production is highly decreasing with the ongoing circumstances because of which the need for gaskets might shoot down as well.
• Alternatives to gaskets have been on the discovery that will not just be needed by industries when they are in good financial stability but, will be the main driving force to stabilize the economy of industries in the market that will not only dominate the gasket market but, also depict that there are more technologically efficient and effective means than gaskets.

Gasket Industry Regional Analysis

Gasket Market Research Report Scope/Definition

For the purpose of this market research report, a gasket is defined as an elastic seal that covers spaces between two or more surfaces. Gaskets are used extensively in most industries, such as the Water Industry, Food Processing, Pharmaceutical, Petrochemical, and Gas industry. Gasket materials are preferred for their capability to work in a number of environments such as in extreme temperature, mining, and deep-sea and their resistance to chemicals.Gaskets are used in industries as seals to prevent leakage of liquids and gases between systemparts. Gaskets are commonly used whensealing two water pipes and insealing boilers and fuel tanks. Gasket materials are selected for fitting on the premise of the characteristics and features of the material, such as resistance to acids, temperature, chemicals, pressures, gases, and in certain instances for its resistance to electrical forces. Gaskets are widely present in motor vehicles, trains, planes, ships, and various other applications.

Gasket Market Share and Competition
Key companies operating in this industry are: AB SKF, Dana Holding Corporation, Datwyler Holding Inc., Elringklinger AG, Federal-Mogul Holdings Corporation, Flowserve Corporation, Freudenberg Sealing Technologies Gmbh & Co. Kg, Smiths Group PLC, Trelleborg AB, and Victor Gaskets India Limited.

Gasket Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2021 – 2028)
• Data breakdown for every market segment (2021 – 2028)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy

Industry Segmentation and Revenue Breakdown
Product Analysis (Revenue, USD Million, 2021 - 2028)
• Metallic
• Semi-metallic
• Non-metallic

Application Analysis (Revenue, USD Million, 2021 - 2028)
• Automotive
• Electrical & Electronics
• Marine & Rail
• Industrial & Manufacturing
• Aerospace
• Oil & Gas
• Chemicals & Petrochemicals
• Others

End-Use Analysis (Revenue, USD Million, 2021 - 2028)
• OEMs
• Aftermarket

Region Analysis (Revenue, USD Million, 2021 - 2028)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World

Gasket Industry Companies
• AB SKF
• Dana Holding Corporation
• Datwyler Holding Inc.
• Elringklinger AG
• Federal-Mogul Holdings Corporation,
• Flowserve Corporation
• Freudenberg Sealing Technologies Gmbh & Co. Kg
• Smiths Group PLC
• Trelleborg AB
• Victor Gaskets India Limited.

Available Versions of Gasket Market: -
United States Industry Research Report
Europe Industry Research Report
Asia Pacific Industry Research Report
India Industry Research Report

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