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PUBLISHER: Grand View Research | PRODUCT CODE: 1433647
PUBLISHER: Grand View Research | PRODUCT CODE: 1433647
Gaskets And Seals Market Size, Share & Trends Analysis Report By Product (Gaskets, Seals), By Application (Automotive, Aerospace), By End-use (OEM, Aftersales Market), And Segment Forecasts, 2024 - 2030
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Gaskets And Seals Market Growth & Trends:
The global gaskets and seals market is anticipated to reach USD 81.69 billion by 2030 and is projected to grow at a CAGR of 4.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. This market growth can be attributed to the usage of advanced materials in producing gaskets and seals for various applications such as chemical processing, medical equipment, and aircraft production.
One of the most advanced technologies in the market is the light-curable form-in-place gasketing. Light-curing FIP materials are used in a wide range of applications, including mobile devices, lighting, HVAC, electrical devices, energy, and industrial hardware. They are designed for programmable automated dispensing to support mass production and consistency in bead profiles for flat surfaces, single walls, or channel configurations.
Seals are a critical component for energy conservation as they restrict the energy loss by controlling fluid leaks in heating process. In addition, installation of mechanical seals is also required for a machine consisting of a big ship and a rotation shaft at the center of it. As a result, this product finds several applications in oil and gas sector, such as midstream transport and downstream and upstream exploration. In Europe, around 10% of electrical power is used by pumping equipment, which is an important part of running manufacturing operations. Regulatory bodies operating in the European region and plant owners are focusing on the energy efficiency of pumps and pumping systems. This is anticipated to promote the demand for seals in the region, thereby driving the market growth over the forecast period.
Increasing utilization of steel and aluminum alloys as the primary choice for manufacturing gaskets and seals poses a threat in case the raw materials are extracted using unsustainable extraction techniques, leading to significant air pollution, residues, and wastewater sludge. Production of steel and aluminum alloys is one of the most energy-consuming industrial activities that also results in emission of CO2.
The market is characterized by presence of several companies involved in the production of a large number of products marketed under trademarked brand names. Companies in market compete based on product design, material grade, operational efficiency, and overall price. High pressure from the low-cost products manufactured by medium and small enterprises in Asia is expected to result in intensive competitive rivalry and a reduction in the overall product price.
Application industries operating in the gaskets and seals market include automotive, electrical & electronics, marine & rail, aerospace, oil & gas, chemical, food & beverage, and others. These industries procure gaskets and seals directly from product manufacturers or product distributors & suppliers. Major industry players include Airbus, Boeing, ExxonMobil, and BASF, among others.
Gaskets And Seals Market Report Highlights:
- Among products, the seals segment dominated the market with a revenue share of 60.2% in 2023. They are applicable to a variety of applications, e.g., automobiles, rockets, ships, industry equipment, and consumer appliances. Therefore, demand for mechanical seals is expected to be driven by growing automotive and electronics production in global market
- Automotive application segment dominated the global market in 2023 with the largest revenue share of 33.2%. This segment growth is expected to be driven by wide application of seals in car interiors, as well as an increasing consumer interest in electronics inside vehicles
- OEM held the largest revenue share in 2023 and is expected to grow further at a faster CAGR over the forecast period. Market for gaskets and seals for OEM is expected to grow as a result of the development of advanced proprietary materials that can cope with extreme operating conditions
- Asia Pacific dominated the market in 2023 and is further expected to witness growth at the fastest CAGR over the forecast period. Rapid rise in integration operations, site relocations, and mergers & acquisitions is being observed in the automotive industry in various countries of a region. Global production companies are expected to set up their manufacturing facilities in economies such as India owing to low cost of production. These trends are anticipated to drive the demand for gaskets and seals in region over the years owing to their benefits in avoiding leaks and providing safety
- The presence of various small, medium, and big traders in the world market gives rise to a moderate degree of concentration in the market. New joint ventures, collaboration agreements, and strategies to improve production facilities are being pursued by key players with a view to gaining greater market share. Furthermore, several advanced products are also produced by companies, which helps them in regularly updating their product portfolio.
Product Code: GVR-2-68038-801-5
Table of Contents
Chapter 1 Gaskets And Seals Market: Methodology And Scope
- 1.1 Market Segmentation & Scope
- 1.2 Market Definition
- 1.3 Information Procurement
- 1.3.1 Purchased Database
- 1.3.2 GVR's Internal Database
- 1.3.3 Secondary Sources & Third-Party Perspectives
- 1.3.4 Primary Research
- 1.4 Information Analysis
- 1.4.1 Data Analysis Models
- 1.5 Market Formulation & Data Visualization
- 1.6 Data Validation & Publishing
Chapter 2 Gaskets And Seals Market: Executive Summary
- 2.1 Gaskets And Seals Market: Regional Snapshot
- 2.2 Gaskets And Seals Market: Segment Snapshot
- 2.3 Gaskets And Seals Market: Segment Snapshot
- 2.4 Gaskets And Seals Market: Competitive Outlook
Chapter 3 Gaskets And Seals Market: Variables, Trends, & Scope
- 3.1 Gaskets And Seals Market: Market Segmentation
- 3.2 Gasket And Seals Market: Value Chain Analysis
- 3.3 Raw Material Analysis
- 3.3.1 Metal
- 3.3.1.1 Stainless Steel
- 3.3.1.2 Aluminum
- 3.3.1.3 Titanium
- 3.3.2 Non-Metal
- 3.3.2.1 Thermoplastic Elastomer
- 3.3.1 Metal
- 3.4 Technology Overview
- 3.4.1 Rfid Technology For Mechanical Seals
- 3.5 Regulatory Framework
- 3.6 Gaskets And Seals - Market Dynamics
- 3.6.1 Market Driver Analysis
- 3.6.1.1 Growth In The Usage Of Form-In-Place (Fip) Liquid Gaskets
- 3.6.1.2 Reduction Of Energy Consumption And Ghg Emissions
- 3.6.2 Market Restraints
- 3.6.2.1 Declining Automotive Production
- 3.6.1 Market Driver Analysis
- 3.7 Gaskets And Seals Market: Porter's Five Forces Analysis
- 3.7.1 Supplier Power
- 3.7.2 Buyer Power
- 3.7.3 Substitution Threat
- 3.7.4 Threat From New Entrants
- 3.7.5 Competitive Rivalry
- 3.8 Gaskets And Seals Market: Pestle Analysis
- 3.8.1 Political Landscape
- 3.8.2 Environmental Landscape
- 3.8.3 Social Landscape
- 3.8.4 Technology Landscape
- 3.8.5 Economical
- 3.8.6 Legal Landscape
Chapter 4. Gaskets and Seals Market: Product Estimates & Trend Analysis
- 4.1. Key Takeaways
- 4.2. Product movement analysis & market share, 2023 & 2030
- 4.3. Gaskets and seals market by product, 2018 - 2030 (USD Billion)
- 4.4. Gaskets
- 4.4.1. Gaskets market estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.4.2. Gaskets market estimates and forecasts by product, 2018-2030 (USD Billion)
- 4.5. Seals
- 4.5.1. Seals market estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.5.2. Seals market estimates and forecasts by product, 2018 - 2030 (USD Billion)
Chapter 5. Gaskets and Seals Market: Application Estimates & Trend Analysis
- 5.1. Key Takeaways
- 5.2. Application movement analysis & market share, 2023 & 2030
- 5.3. Gaskets and seals market by application, 2018 - 2030 (USD Billion)
- 5.4. Automotive
- 5.4.1. Gaskets and seals market estimates and forecasts by automotive, 2018 - 2030 (USD Billion)
- 5.5. Electrical & Electronics
- 5.5.1. Gaskets and seals market estimates and forecasts by electrical & electronics, 2018 - 2030 (USD Billion)
- 5.6. Marine & Rail
- 5.6.1. Gaskets and seals market estimates and forecasts by marine & rail, 2018 - 2030 (USD Billion)
- 5.7. Industrial & Manufacturing
- 5.7.1. Gaskets and seals market estimates and forecasts by industrial & manufacturing, 2018 - 2030 (USD Billion)
- 5.8. Aerospace
- 5.8.1. Gaskets and seals market estimates and forecasts by aerospace, 2018 - 2030 (USD Billion)
- 5.9. Oil & gas
- 5.9.1. Gaskets and seals market estimates and forecasts by oil & gas, 2018 - 2030 (USD Billion)
- 5.10. Chemicals & Petrochemicals
- 5.10.1. Gaskets and seals market estimates and forecasts by chemicals & petrochemicals, 2018 - 2030 (USD Billion)
- 5.11. Others
- 5.11.1. Other gaskets and seals market estimates and forecasts, 2018 - 2030 (USD Billion)
Chapter 6. Gaskets and Seals Market: End-use Estimates & Trend Analysis
- 6.1. Key Takeaways
- 6.2. End-use movement analysis & market share, 2023 & 2030
- 6.3. Gaskets and seals market by end-use, 2018 - 2030 (USD Billion)
- 6.4. OEM
- 6.4.1. Gaskets and seals market estimates and forecasts by OEM, 2018 - 2030 (USD Billion)
- 6.5. Aftersales Market
- 6.5.1. Gaskets and seals market estimates and forecasts by aftersales market, 2018 - 2030 (USD Billion)
Chapter 7. Gaskets and Seals Market: Regional Estimates & Trend Analysis
- 7.1. Key Takeaways
- 7.2. Regional Market Share Analysis, 2023 & 2030
- 7.3. North America
- 7.3.1. North America Gaskets and Seals Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.3.2. U.S.
- 7.3.2.1. U.S. Gaskets and Seals Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.3.3. Canada
- 7.3.3.1. Canada Gaskets and Seals Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.3.4. Mexico
- 7.3.4.1. Mexico Gaskets and Seals Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.4. Europe
- 7.4.1. Europe Gaskets and Seals Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.4.2. Germany
- 7.4.2.1. Germany Gaskets and Seals Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.4.3. France
- 7.4.3.1. France Gaskets and Seals Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.4.4. UK
- 7.4.4.1. UK Gaskets and Seals Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.4.5. Italy
- 7.4.5.1. Italy Gaskets and Seals Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.4.6. Spain
- 7.4.6.1. Spain Gaskets and Seals Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.5. Asia Pacific
- 7.5.1. Asia Pacific Gaskets and Seals Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.5.2. China
- 7.5.2.1. China Gaskets and Seals Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.5.3. India
- 7.5.3.1. India Gaskets and Seals Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.5.4. Japan
- 7.5.4.1. Japan Gaskets and Seals Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.5.5. South Korea
- 7.5.5.1. South Korea Gaskets and Seals Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.6. Central & South America
- 7.6.1. Central & South America Gaskets and Seals Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.6.2. Brazil
- 7.6.2.1. Brazil Gaskets and Seals Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.6.3. Argentina
- 7.6.3.1. Argentina Gaskets and Seals Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.7. Middle East & Africa
- 7.7.1. Middle East & Africa Gaskets and Seals Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.7.2. Saudi Arabia
- 7.7.2.1. Saudi Arabia Gaskets and Seals Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.7.3. UAE
- 7.7.3.1. UAE Gaskets and Seals Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 8. Gaskets and Seals Market Supplier Intelligence
- 8.1. Kraljic Matrix/Portfolio Analysis
- 8.2. Engagement Model
- 8.3. Negotiation Strategies
- 8.4. Sourcing Best Practices
- 8.5. Vendor Selection Criteria
- 8.6. List of Raw Material Suppliers
Chapter 9. Competitive Landscape
- 9.1. Key Players, their Recent Developments, and their Impact on Industry
- 9.2. Key Company/Competition Categorization
- 9.3. Company Market Position Analysis
- 9.4. Company Heat Map Analysis
- 9.5. Strategy Mapping
- 9.6. Company Listing
- 9.6.1. SKF
- 9.6.1.1. Company Overview
- 9.6.1.2. Financial Performance
- 9.6.1.3. Product Benchmarking
- 9.6.1.4. Strategic Initiatives
- 9.6.2. Dana Limited
- 9.6.2.1. Company Overview
- 9.6.2.2. Financial Performance
- 9.6.2.3. Product Benchmarking
- 9.6.2.4. Strategic Initiatives
- 9.6.3. DuPont Freudenberg Sealing Technologies GmbH & Co. KG
- 9.6.3.1. Company Overview
- 9.6.3.2. Financial Performance
- 9.6.3.3. Product Benchmarking
- 9.6.3.4. Strategic Initiatives
- 9.6.4. Flowserve Corporation
- 9.6.4.1. Company Overview
- 9.6.4.2. Financial Performance
- 9.6.4.3. Product Benchmarking
- 9.6.4.4. Strategic Initiatives
- 9.6.5. Smiths Group Plc
- 9.6.5.1. Company Overview
- 9.6.5.2. Financial Performance
- 9.6.5.3. Product Benchmarking
- 9.6.5.4. Strategic Initiatives
- 9.6.6. Trelleborg Sealing Solutions
- 9.6.6.1. Company Overview
- 9.6.6.2. Financial Performance
- 9.6.6.3. Product Benchmarking
- 9.6.6.4. Strategic Initiatives
- 9.6.7. ElringKlinger AG
- 9.6.7.1. Company Overview
- 9.6.7.2. Financial Performance
- 9.6.7.3. Product Benchmarking
- 9.6.7.4. Strategic Initiatives
- 9.6.8. Cooper Standard.
- 9.6.8.1. Company Overview
- 9.6.8.2. Financial Performance
- 9.6.8.3. Product Benchmarking
- 9.6.8.4. Strategic Initiatives
- 9.6.9. Bruss Sealing System GmbH.
- 9.6.9.1. Company Overview
- 9.6.9.2. Financial Performance
- 9.6.9.3. Product Benchmarking
- 9.6.9.4. Strategic Initiatives
- 9.6.10. Garlock Sealing Technologies
- 9.6.10.1. Company Overview
- 9.6.10.2. Financial Performance
- 9.6.10.3. Product Benchmarking
- 9.6.10.4. Strategic Initiatives
- 9.6.11. Crown Gaskets Pvt. Ltd.
- 9.6.11.1. Company Overview
- 9.6.11.2. Financial Performance
- 9.6.11.3. Product Benchmarking
- 9.6.11.4. Strategic Initiatives
- 9.6.1. SKF
Product Code: GVR-2-68038-801-5
List of Tables
- Table 1 Gaskets and Seals Market Estimates & Forecasts by Product, 2018 - 2030 (USD Billion)
- Table 2 Gaskets and Seals Market Estimates & Forecasts by Application, 2018 - 2030 (USD Billion)
- Table 3 Gaskets and Seals Market Estimates & Forecasts by End-use, 2018 - 2030 (USD Billion)
- Table 4 Recent Developments & Impact Analysis By Key Market Participants
- Table 5 Company Heat Map Analysis, 2023
List of Figures
- Fig. 1 Information Procurement
- Fig. 2 Primary Research Patter
- Fig. 3 Primary Research Process
- Fig. 4 Market Research Approaches - Bottom-Up Approach
- Fig. 5 Market Research Approaches - Top-Down Approach
- Fig. 6 Market Research Approaches - Combined Approach
- Fig. 7 Gaskets and Seals Market Segmentation
- Fig. 8 Market Outlook
- Fig. 9 Segmental Outlook
- Fig. 10 Segmental Outlook
- Fig. 11 Competitive Outlook
- Fig. 12 Gaskets and seals market: Value chain analysis
- Fig. 13 Regional share of stainless steel production, 2019
- Fig. 14 Gaskets and Seals - Market Dynamics
- Fig. 15 Market driver impact analysis
- Fig. 16 Market restraints impact analysis
- Fig. 17 Automotive production and forecast in Europe
- Fig. 18 Gaskets and seals market: Product movement analysis, 2023 & 2030
- Fig. 19 Global gaskets and seals market: Application movement analysis, 2023 & 2030
- Fig. 20 Global gaskets and seals market: End-user movement analysis, 2023 & 2030
- Fig. 21 Gaskets and Seals market: Regional movement analysis, 2023 & 2030
- Fig. 22 Gaskets market estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 23 Gaskets market estimates and forecasts by product, 2018-2030 (USD Billion)
- Fig. 24 Seals market estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 25 Seals market estimates and forecasts by product, 2018 - 2030 (USD Billion)
- Fig. 26 Gaskets and seals market estimates and forecasts by automotive, 2018 - 2030 (USD Billion)
- Fig. 27 Gaskets and seals market estimates and forecasts by electrical & electronics, 2018 - 2030 (USD Billion)
- Fig. 28 Gaskets and seals market estimates and forecasts by marine & rail, 2018 - 2030 (USD Billion)
- Fig. 29 Gaskets and seals market estimates and forecasts by industrial & manufacturing, 2018 - 2030 (USD Billion)
- Fig. 30 Gaskets and seals market estimates and forecasts by aerospace, 2018 - 2030 (USD Billion)
- Fig. 31 Gaskets and seals market estimates and forecasts by oil & gas, 2018 - 2030 (USD Billion)
- Fig. 32 Gaskets and seals market estimates and forecasts by chemicals & petrochemicals, 2018 - 2030 (USD Billion)
- Fig. 33 Other gaskets and seals market estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 34 Gaskets and seals market estimates and forecasts by OEM, 2018 - 2030 (USD Billion)
- Fig. 35 Gaskets and seals market estimates and forecasts by aftersales market, 2018 - 2030 (USD Billion)
- Fig. 36 North America Gaskets and Seals Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- Fig. 37 U.S. Gaskets and Seals Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- Fig. 38 Canada Gaskets and Seals Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- Fig. 39 Mexico Gaskets and Seals Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- Fig. 40 Europe Gaskets and Seals Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- Fig. 41 Germany Gaskets and Seals Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- Fig. 42 France Gaskets and Seals Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- Fig. 43 UK Gaskets and Seals Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- Fig. 44 Italy Gaskets and Seals Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- Fig. 45 Spain Gaskets and Seals Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- Fig. 46 Asia Pacific Gaskets and Seals Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- Fig. 47 China Gaskets and Seals Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- Fig. 48 India Gaskets and Seals Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- Fig. 49 Japan Gaskets and Seals Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- Fig. 50 South Korea Gaskets and Seals Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- Fig. 51 Central & South America Gaskets and Seals Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- Fig. 52 Brazil Gaskets and Seals Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- Fig. 53 Argentina Gaskets and Seals Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- Fig. 54 Middle East & Africa Gaskets and Seals Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- Fig. 55 Saudi Arabia Gaskets and Seals Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- Fig. 56 UAE Gaskets and Seals Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- Fig. 57 Competition Categorization
- Fig. 58 Company Market Positioning
- Fig. 59 Strategy Mapping, 2022
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