Gaskets And Seals Market Analysis Includes Size, Demand, Applications, Key Insights 2021 To 2028

 The global gaskets and seals market size is expected to reach USD 87.9 billion by 2028 according to a new study by Polaris Market Research. The report “Gaskets and Seals Market Share, Size, Trends, Industry Analysis Report, By Material (Metal, Plastic Polymer, Rubber, Fiber, Silicones, Graphite); By Product (Gaskets, Seals); By End-Use (Aerospace, Electronics, Automotive, Oil & Gas, Industrial); By Sales Channel; By Regions; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The demand for gaskets and seals is increasing owing to its increasing use in automobiles, rising modernization of vehicles, and growing penetration of electric vehicles. Some properties offered by gaskets and seals include chemical resistance, heat resistance, high strength, low seating stress, and the ability to withstand high compressive loads.

 

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The demand for gaskets is expected to increase during the forecast period. Metallic gaskets are manufactured to be used in high-pressure and temperature applications. Metallic washers require a high-quality sealing surface along with high loads for seating of metallic washers. Some metallic gaskets available in the industry include ring-type joints, lens rings, weld rings, and solid metal rings, among others

 

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The material segment has been divided into metal, plastic polymer, rubber, fiber, silicones, graphite, and others. Silicon is increasingly being used in gaskets and seals owing to its ability to withstand large temperature variations. Cork is another material used for manufacturing the products. It is a lightweight, stable material offering excellent compressibility, high-temperature resistance, great wear resistance, and high oil resistance.

 

Asia Pacific emerged as the largest market in 2020 and is expected to maintain its dominance over the forecast period. The rise in applications of the product in the aerospace, transportation, marine, railways, and electronics sectors in the Asia-Pacific region is the major driver for growth.

 

Some of the major market participants include Hutchinson SA, Bruss Sealing System GmbH, Smiths Group Plc, Dana Holding Corporation, Trelleborg Sealing Solutions AB, Freudenberg Sealing Technologies GmbH & Co. KG, Garlock Sealing Technologies LLC, Daetwyler Holding, Cooper Standard Holding Inc., AB SKF, Boyd Corporation, ElringKlinger AG, Flowserve Corporation, Federal-Mogul Motorparts, Parker Hannifin Corporation, The Timken Company, Magnum Automotive Group LLC, and James Walker.

 

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Polaris Market Research has segmented the gaskets and seals market report on the basis of material, product, sales channel, end-use, and region:

 

Gaskets and Seals Material Outlook (Revenue, USD Million, 2016 – 2028)

• Metal
• Plastic Polymer
• Rubber
• Fiber
• Silicones
• Graphite
• Others

Gaskets and Seals Product Outlook (Revenue, USD Million, 2016 – 2028)

• Gaskets
• Non-Metallic
• Semi-Metallic
• Metallic
• Seals
• Molded
• Vehicle Body
• Shaft
• Others

Gaskets and Seals Sales Channel Outlook (Revenue, USD Million, 2016 – 2028)

• Aftermarket
• OEMs

Gaskets and Seals End-User Outlook (Revenue, USD Million, 2016 – 2028)

• Aerospace
• Electronics
• Automotive
• Oil & Gas
• Industrial
• Others