Gasket and Seal Materials Market size to grow at a CAGR of 5.84% from 2022 to 2027, the market is segmented by end-user, application, and geography

NEW YORK, May 12, 2023 /PRNewswire/ — The gasket and seal materials market it is estimated that it will grow 17.75 billion dollars from 2022 to 2027. However, the growth momentum will advance to a CAGR of 5.84% during the forecast period. The market is segmented by end-user (OEM and aftermarket), application (automotive, industrial machinery, electrical and electronic, oil and gas, and others) and geography (APAC, North America, europe, South Americai Middle East i Africa). The growth of the market share by OEM segment will be important for the overall growth of the market during the forecast period. The segment accounted for a larger share than the aftermarket segment in the global market in 2022 and the demand for these materials in the OEM segment is primarily driven by increased adoption of gaskets and seals by vehicle manufacturers . The growing use of gaskets and seals to improve the performance of engineering equipment is significantly driving the market growth. Industries such as oil and gas, chemical, mining, food processing, machine tool, and agricultural equipment manufacturing rely heavily on the use of various equipment designed for their daily operations. The leakage of fluids, oil and lubricants causes a decrease in the performance of engineering equipment. Thus, the presence of gaskets and seals helps in the proper functioning of engineering components. Download a sample report in minutes!

Gasket and seal materials market information –

• Sellers: 15+ years including AW Chesterton Co., AB SKF, Aesseal Plc, AMETEK Inc., Boyd Corp., Cooper Standard Holdings Inc., Dana Inc., ElringKlinger AG, EnPro Industries Inc., Excelsior Inc., Flowserve Corp ., Freudenberg SE, HEXPOL AB, Meccanotecnica Umbra SPA, Parker Hannifin Corp., Sealmax, Stockwell Elastomerics Inc., Tenneco Inc., Trelleborg AB and VALQUA Ltd., among others

• Coverage: Parent market analysis; key drivers, major trends and challenges; customer and vendor landscape; knowledge of the supplier’s products and recent developments; key vendors; and market positioning of sellers

• Segments: End User (OEM & Aftermarket), Application (Automotive, Industrial Machinery, Electrical & Electronics, Oil & Gas & Others) and Geography (APAC, North America, europe, South Americai Middle East i Africa)

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Gasket and Seal Materials Market – Vendor Insights

The increasing competition in the market forces the sellers to adopt various growth strategies such as promotional activities and advertisement spending to improve the visibility of their services. The Technavio report analyzes the competitive landscape of the market and provides information on various vendors in the market, including AW Chesterton Co., AB SKF, Aesseal Plc, AMETEK Inc., Boyd Corp., Cooper Standard Holdings Inc., Dana Inc. , ElringKlinger AG, EnPro Industries Inc. ., Excelsior Inc., Flowserve Corp., Freudenberg SE, HEXPOL AB, Meccanotecnica Umbra SPA, Parker Hannifin Corp., Sealmax, Stockwell Elastomerics Inc., Tenneco Inc., Trelleborg AB and VALQUA Ltd.

Gasket and Seal Materials Market: Market Dynamics

Main trends –

• The growth of aftermarket sales is an emerging trend in the market for gasket and seal materials.

• Gasket and seal materials have a short service life, which varies by application. They are also replaced periodically to meet federal or local emissions regulations and to maintain process efficiency by eliminating leaks.

• The replacement or upgrade of these materials contributes significantly to the growth of the overall market.

• Hence, this growth in aftermarket sales is expected to drive the overall market during the forecast period.

Key challenges –

• Volatility in commodity prices is a major challenge that can hinder market growth.

• Fluctuating prices of raw materials for the production of metallic and non-metallic gaskets and seals will hinder the growth of the market.

• Some of the metals used in the manufacture of metal joints include different materials. Includes stainless steel, aluminum, titanium and copper. Silicone, PTFE, thermoplastic polyurethane (TPU), fluorocarbon elastomer, natural rubber and graphite are some of the materials used in the production of non-metallic gaskets.

• Hence, all these factors are likely to hinder the growth of the market during the forecast period.

Drivers and challenges have an impact on market dynamics and can affect businesses. Find some insights from a sample report!

The Gasket and Seal Materials Market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and restraints, as well as future prospects.

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What are the key data covered in this Gasket and Seal Materials market report?

• Market CAGR during the forecast period

• Detailed information on factors that will drive the growth of the gasket and seal materials market from 2023 to 2027

• Accurate estimation of the gasket and seal materials market size and its contribution to the market with a focus on the parent market

• Accurate predictions about upcoming trends and changes in consumer behavior

• Gasket and Seal Materials Market Growth in APAC, North America, europe, South Americai Middle East i Africa

• A comprehensive analysis of the competitive landscape of the market and detailed information about the vendors

• Comprehensive analysis of the factors that will challenge the vendor growth of the Gaskets and Sealing Materials market

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Table of contents:

1 Executive summary

2 Market landscape

3 Size of the market

4 Historical size of the market

5 Five forces analysis

6 Market segmentation by end user

7 Market segmentation by application

8 Customer landscape

9 Geographical Landscape

10 drivers, challenges and trends

11 Landscape of sellers

12 Analysis of suppliers

13 Appendix

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