Gaskets and seals are essential components used in machinery, equipment, and systems to prevent leakage of fluids or gases and to maintain the integrity of the system. While both gaskets and seals serve similar purposes, they have distinct functions and applications.
According to FMI, the global gaskets and seals market will expand at a 2.10% CAGR during the forecast period. The value of the industry is expected to increase from US$ 87,012.9 million in 2024 to US$ 152,911.56 million by the end of 2034.
Get Exclusive Sample Copy of the Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-815
Key Drivers
The usage of gaskets and seals correlates directly with the growth and diversification of key industries like automotive, manufacturing, oil and gas, chemical processing, and pharmaceuticals.
Advancements in materials, design, and production techniques have led to the creation of increasingly robust and effective gaskets and seals.
Stringent environmental laws and safety protocols mandate the adoption of top-tier gaskets and seals, particularly in sectors handling hazardous substances or operating in volatile conditions.
The need for gaskets and seals is expected to skyrocket in the next years. This is because governments require strict standards and specifications to eliminate the danger of hazardous substance leaking. Furthermore, gaskets and seals are used by the automotive, machinery, electrical, and electronics industries to improve the performance efficiency of their industrial operations. These devices are used to manage emissions and reduce the possibility of unanticipated downtime.
Recent Developments by Companies
- In August 2022, Erith Group, a Dubai-based leading distributor of high-end and high-quality sealing products, announced an investment of Dh4 million in an industrial gasket and seal manufacturing factory in UAE. This is in line with UAE’s ‘Make it in the Emirates’ program to attract investments so as to reduce the country’s reliance on imported products.
- In April 2020, Trelleborg AB announced the launch of the Next Generation Fire Seal, which finds application in the aerospace and automotive industry. With this launch, the company is projected to amplify its revenue generation.
Buy this Exclusive Report: https://www.futuremarketinsights.com/checkout/815
Gaskets and Seals Market Survey by Category
By Product Type:
- Gasket
- Jacketed
- Solid
- Spiral Wound
- Kammprofile
- Seal
- Static
- Dynamic
By Material Type:
- Metallic
- Non-Metallic
- Elastomeric
- Others
By End-use:
- Automotive
- Aerospace
- Machinery
- Electrical and Electronics
- Marine and Rail
- Others
By Sales Channel:
- OEM
- Aftermarket
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific Excluding Japan
- The Middle East & Africa (MEA)
- Japan
Read More Info: https://www.futuremarketinsights.com/reports/gaskets-and-seals-market
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
