Gasket and Seal Materials Market size to grow at a CAGR of 5.84% from 2022 to 2027, Market is segmented by end

May 07, 2023

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12 May, 2023, 17:45 ET

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NEW YORK, May 12, 2023 /PRNewswire/ -- The gasket and seal materials market is estimated to grow by USD 17.75 billion from 2022 to 2027. However, the growth momentum will progress at a CAGR of 5.84% during the forecast period. The market is segmented by end-user (OEMs and aftersales market), application (automotive, industrial machinery, electrical and electronics, oil and gas, and others), and geography (APAC, North America, Europe, South America, and Middle East and Africa). The market share growth by the OEM segment will be significant for overall market growth during the forecast period. The segment accounted for a higher share than the aftersales segment in the global market in 2022 and the demand for these materials in the OEM segment is primarily driven by the increased adoption of gaskets and seals by vehicle manufacturers. The growing use of gaskets and seals in improving the performance of engineering equipment significantly drives market growth. Industries including oil and gas, chemical, mining, food processing, machine tools, and agricultural equipment manufacturing rely heavily on the use of various engineered equipment for their daily operations. The leakage of fluids, oil, and lubricants results in a decline 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 Insights -

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Gasket and seal materials market - Vendor Insights

The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market vendors including A.W. 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

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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 limitations as well as future prospects.

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Gasket and Seal Materials Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 5.84%

Market growth 2023-2027

USD 17.75 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

5.6

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 40%

Key countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

A.W. 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.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Table of Contents:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by End-user

7 Market Segmentation by Application

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

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