Gasket and Seal Materials Market by Type, End-user, and Geography - Forecast and Analysis 2021-2025

  • Published: Aug 2021
  • Pages: 120
  • SKU: IRTNTR41484
Technavio

Purchase this report now and if we publish a new version within 90 days, we will send you a free copy.

Safe and Secure SSL Encrypted
  • 2500.00
  • USD

The gasket and seal materials market has the potential to grow by USD 14.66 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 5.36%.

This gasket and seal materials market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (automotive, industrial machinery, electrical and electronics, oil and gas, and others), type (rubber, fiber, silicone, graphite, and others), and geography (APAC, North America, Europe, MEA, and South America). The gasket and seal materials market report also offers information on several market vendors, including AB SKF, Boyd Corp., Dana Inc., EnPro Industries Inc., Freudenberg SE, HEXPOL AB, Parker Hannifin Corp., Stockwell Elastomerics Inc., Tenneco Inc., and Trelleborg AB among others.

What will the Gasket and Seal Materials Market Size be in 2021?

Gasket-And-Seal-Materials-Market-Market-Size-2020-2025

Browse TOC and LoE with selected illustrations and example pages of Gasket and Seal Materials Market

 Get Your FREE Sample Now!

Gasket and Seal Materials Market: Key Drivers and Trends

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The increase in demand from developing countries is notably driving the gasket and seal materials market growth, although factors such as stringent regulations and policies may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the gasket and seal materials industry get your FREE report sample now.

  • The increase in demand from developing countries will fuel the growth of the gasket and seal materials market size.
  • The gasket and seal materials market is witnessing high growth across developing economies of the world such as India, China, Brazil, Mexico, the Philippines, and Indonesia.
  • Many vendors of gaskets and seals are shifting their manufacturing activities to these developing countries.
  • Factors such as the availability of raw materials, land, cheap labor, low transportation costs, and less stringent government regulations and policies are expected to augment market growth.
  • The emergence of China and India as the manufacturing hub for automobile, construction, and other general industries in APAC is also expected to drive the demand for gaskets and seals.
  • The increase in the demand for durable, sturdy, and heat-tolerant gaskets with better stability and chemical resistance from various industries, such as construction, medical, and oil and gas, will augment market growth. 
  • The increasing use of gaskets and seals in fuel injection, steering, pinion oil, axle, transmission, fuel pump, brake pump, and coolant pump is expected to drive market growth.
  • The use of gasket and seal increases the fuel efficiency and operational life of automobile components by preventing leakage in powertrain systems.
  • The increasing demand for passenger cars is expected to drive the growth of the automobile industry. The growing demand for passenger cars from countries such as China, India, Brazil, and Indonesia is expected to drive the demand for gaskets and seals.
  • The use of polytetrafluoroethylene (PTFE) as a sealing material for improving fuel efficiency is expected to drive the demand for gasket and seal materials.
  • The ongoing product development for the production of specialized sealing solutions to reduce the emissions of various pollutants such as carbon dioxide, sulfur dioxide, and nitrogen oxide is expected to drive market growth.

This gasket and seal materials market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Gasket and Seal Materials Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • AB SKF
  • Boyd Corp.
  • Dana Inc.
  • EnPro Industries Inc.
  • Freudenberg SE
  • HEXPOL AB
  • Parker Hannifin Corp.
  • Stockwell Elastomerics Inc.
  • Tenneco Inc.
  • Trelleborg AB

 

The gasket and seal materials market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the gasket and seal materials market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Gasket and Seal Materials Market?

Gasket-And-Seal-Materials-Market-Market-Share-by-Region-2020-2025

For more insights on the market share of various regions Request for a FREE sample now!

43% of the market’s growth will originate from APAC during the forecast period. China, Japan, and South Korea (Republic of Korea) are the key markets for gasket and seal materials in APAC. Market growth in this region will be faster than the growth of the market in Europe, MEA, and North America.

The growth of end-user industries such as automobile, electric and electronics, and industrial machinery will facilitate the gasket and seal materials market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating End-user Segments in the Gasket and Seal Materials Market?

Gasket-And-Seal-Materials-Market-Market-Share-by-End-2020-2025

To gain further insights on the market contribution of various segments Request for a FREE sample

The gasket and seal materials market share growth by the automotive segment will be significant during the forecast period. The growing demand for gaskets and seals to prevent leakage in various automobile components is expected to drive market growth. Gaskets and seals are mainly used in engines, suspension systems, body parts, steering, and exhaust system. The use of hydraulic seals and O-rings in the suspension system, heating, ventilation, and air conditioning (HVAC), and braking system will positively impact market growth. 

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the gasket and seal materials market size.

 

Event-Tickets-Market-Report

Request for a FREE sample

What are the Key Factors Covered in this Gasket and Seal Materials Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive gasket and seal materials market growth during the next five years
  • Precise estimation of the gasket and seal materials market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the gasket and seal materials industry across APAC, North America, Europe, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of gasket and seal materials market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Gasket And Seal Materials Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 5.36%

Market growth 2021-2025

$ 14.66 billion

Market structure

Fragmented

YoY growth (%)

4.78

Regional analysis

APAC, North America, Europe, MEA, and South America

Performing market contribution

APAC at 43%

Key consumer countries

China, US, Japan, Germany, and South Korea (Republic of Korea)

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

AB SKF, Boyd Corp., Dana Inc., EnPro Industries Inc., Freudenberg SE, HEXPOL AB, Parker Hannifin Corp., Stockwell Elastomerics Inc., Tenneco Inc., and Trelleborg AB

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact 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.

Read More Read Less

Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by End-user

    • Market segments
    • Comparison by End-user
    • Automotive - Market size and forecast 2020-2025
    • Industrial machinery - Market size and forecast 2020-2025
    • Electrical and electronics - Market size and forecast 2020-2025
    • Oil and gas - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by End-user

    Market Segmentation by Type

    • Market segments
    • Comparison by Type
    • Rubber - Market size and forecast 2020-2025
    • Fiber - Market size and forecast 2020-2025
    • Silicone - Market size and forecast 2020-2025
    • Graphite - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by Type

    Customer landscape

    • Overview

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • APAC - Market size and forecast 2020-2025
    • North America - Market size and forecast 2020-2025
    • Europe - Market size and forecast 2020-2025
    • MEA - Market size and forecast 2020-2025
    • South America - Market size and forecast 2020-2025
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • AB SKF
    • Boyd Corp.
    • Dana Inc.
    • EnPro Industries Inc.
    • Freudenberg SE
    • HEXPOL AB
    • Parker Hannifin Corp.
    • Stockwell Elastomerics Inc.
    • Tenneco Inc.
    • Trelleborg AB

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
    Technavio

    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
    Technavio

    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
    Interested in this report?
    Get your FREE sample now!
    The gasket and seal materials market growth will increase by $12.88 billion during 2019-2024.
    The gasket and seal materials market is expected to grow at a CAGR of 4.95% during 2019-2024.
    Technavio has segmented the gasket and seal materials market by end user (Automotive, Industrial machinery, Electrical and electronics, Oil and gas, and Other end-users) and geographic (APAC, North America, Europe, and South America).
    AB SKF, Boyd Corp., Dana Inc., EnPro Industries Inc., Freudenberg SE, HEXPOL AB, Parker Hannifin Corp., Stockwell Elastomerics Inc., Tenneco Inc., Trelleborg AB are a few of the key vendors in the gasket and seal materials market.
    APAC will register the highest growth rate of 49.87% among the other regions. Therefore, the gasket and seal materials market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
    • China
    • US
    • Japan
    • Germany
    • South Korea (Republic of Korea)
    The key factors driving the gasket and seal materials market growth are:
    • Increase in demand from developing countries
    • Advent of innovative display solutions
    The gasket and seal materials market vendors should focus on grabbing business opportunities from the automotive segment as it accounted for the largest market share in the base year.
    Safe and Secure SSL Encrypted
    Technavio

    Single User:

    2500 USD

    Technavio Get the report (PDF) sent to your email within minutes.

    Subscribe & Save

    Get lifetime access to our
    Technavio Insights

    Want to customize this report?

    This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

    We offer $1000 worth of FREE customization at the time of purchase
    Technavio
    Enquire Before Buying
    1. Home
    2. Materials
    3. Published Report
    17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>