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Gasket & Seal Material Trends and Forecast
The future of the global gasket & seal material market looks promising with opportunities in the automotive, oil & gas, food & beverage, chemical, and aerospace & defense markets. The global gasket & seal material market is expected to reach an estimated $15.6 billion by 2030 with a CAGR of 5.4% from 2024 to 2030. The major drivers for this market are rising development of eco-friendly sealing solutions and increase in infrastructural development.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Gasket & Seal Material by Segment
The study includes a forecast for the global gasket & seal material by material, end use, and region.
Gasket & Seal Material Market by Material [Shipment Analysis by Value from 2018 to 2030]:
• Rubber
• Fiber
• Metal
• PTFE
• Cork
• Others
Gasket & Seal Material Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Automotive
• Oil & Gas
• Food & Beverage
• Chemicals
• Aerospace & Defense
• Others
Gasket & Seal Material Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Gasket & Seal Material Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies gasket & seal material companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the gasket & seal material companies profiled in this report include-
• Trelleborg
• Freudenberg Sealing Technologies
• Parker Hannifin
• ERIKS
• ElringKlinger Kunststofftechnik
• Saint-Gobain Performance Plastics
• BRUSS Sealing Systems
• Dimer
• John Crane
• Klinger Holding
Gasket & Seal Material Market Insights
Lucintel forecasts that rubber will remain the largest segment over the forecast period due to its many benefits, such as adhesion, electrical capability, shock resistance, and resistance to chemicals, oil, and water.
Within this market, automotive will remain the largest segment due to broad range of applications for seals in car interiors combined with consumersÄX%$%X growing preference for electronics in cars.
APAC will remain the largest region over the forecast period due to rapid economic growth and rising investment among automotive and electronics industries in the region.
Features of the Global Gasket & Seal Material Market
Market Size Estimates: Gasket & seal material market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Gasket & seal material market size by material, end use, and region in terms of value ($B).
Regional Analysis: Gasket & seal material market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different materials, end uses, and regions for the gasket & seal material market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the gasket & seal material market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the gasket & seal material market size?
Answer: The global gasket & seal material market is expected to reach an estimated $15.6 billion by 2030.
Q2. What is the growth forecast for gasket & seal material market?
Answer: The global gasket & seal material market is expected to grow with a CAGR of 5.4% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the gasket & seal material market?
Answer: The major drivers for this market are rising development of eco-friendly sealing solutions and increase in infrastructural development.
Q4. What are the major segments for gasket & seal material market?
Answer: The future of the gasket & seal material market looks promising with opportunities in the automotive, oil & gas, food & beverage, chemical, and aerospace & defense markets.
Q5. Who are the key gasket & seal material market companies?
Answer: Some of the key gasket & seal material companies are as follows:
• Trelleborg
• Freudenberg Sealing Technologies
• Parker Hannifin
• ERIKS
• ElringKlinger Kunststofftechnik
• Saint-Gobain Performance Plastics
• BRUSS Sealing Systems
• Dimer
• John Crane
• Klinger Holding
Q6. Which gasket & seal material market segment will be the largest in future?
Answer: Lucintel forecasts that rubber will remain the largest segment over the forecast period due to its many benefits, such as adhesion, electrical capability, shock resistance, and resistance to chemicals, oil, and water.
Q7. In gasket & seal material market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to rapid economic growth and rising investment among automotive and electronics industries in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the gasket & seal material market by material (rubber, fiber, metal, PTFE, cork, and others), end use (automotive, oil & gas, food & beverage, chemicals, aerospace & defense, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Gasket & Seal Material Market, Gasket & Seal Material Market Size, Gasket & Seal Material Market Growth, Gasket & Seal Material Market Analysis, Gasket & Seal Material Market Report, Gasket & Seal Material Market Share, Gasket & Seal Material Market Trends, Gasket & Seal Material Market Forecast, Gasket & Seal Material Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Gasket & Seal Material Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Gasket & Seal Material Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Gasket & Seal Material Market by Material
3.3.1: Rubber
3.3.2: Fiber
3.3.3: Metal
3.3.4: PTFE
3.3.5: Cork
3.3.6: Others
3.4: Global Gasket & Seal Material Market by End Use
3.4.1: Automotive
3.4.2: Oil & Gas
3.4.3: Food & Beverage
3.4.4: Chemicals
3.4.5: Aerospace & Defense
3.4.6: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Gasket & Seal Material Market by Region
4.2: North American Gasket & Seal Material Market
4.2.2: North American Gasket & Seal Material Market by End Use: Automotive, Oil & Gas, Food & Beverage, Chemicals, Aerospace & Defense, and Others
4.3: European Gasket & Seal Material Market
4.3.1: European Gasket & Seal Material Market by Material: Rubber, Fiber, Metal, PTFE, Cork, and Others
4.3.2: European Gasket & Seal Material Market by End Use: Automotive, Oil & Gas, Food & Beverage, Chemicals, Aerospace & Defense, and Others
4.4: APAC Gasket & Seal Material Market
4.4.1: APAC Gasket & Seal Material Market by Material: Rubber, Fiber, Metal, PTFE, Cork, and Others
4.4.2: APAC Gasket & Seal Material Market by End Use: Automotive, Oil & Gas, Food & Beverage, Chemicals, Aerospace & Defense, and Others
4.5: ROW Gasket & Seal Material Market
4.5.1: ROW Gasket & Seal Material Market by Material: Rubber, Fiber, Metal, PTFE, Cork, and Others
4.5.2: ROW Gasket & Seal Material Market by End Use: Automotive, Oil & Gas, Food & Beverage, Chemicals, Aerospace & Defense, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Gasket & Seal Material Market by Material
6.1.2: Growth Opportunities for the Global Gasket & Seal Material Market by End Use
6.1.3: Growth Opportunities for the Global Gasket & Seal Material Market by Region
6.2: Emerging Trends in the Global Gasket & Seal Material Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Gasket & Seal Material Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Gasket & Seal Material Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Trelleborg
7.2: Freudenberg Sealing Technologies
7.3: Parker Hannifin
7.4: ERIKS
7.5: ElringKlinger Kunststofftechnik
7.6: Saint-Gobain Performance Plastics
7.7: BRUSS Sealing Systems
7.8: Dimer
7.9: John Crane
7.10: Klinger Holding
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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