Gaskets and Seals Market to Grow at a CAGR of 5.4% Through 2026
Future Market Insights has announced the addition of the “Gaskets and Seals Market: Global Industry Analysis and Opportunity Assessment 2016-2026" report to their offering.
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<strong>Gaskets</strong> <strong>and</strong> <strong>Seals</strong> <strong>Market</strong>: Global Industry Analysis <strong>and</strong><br />
Opportunity Assessment, 2016-<strong>2026</strong><br />
May 2017<br />
Report Id : REP-GB-815<br />
St<strong>at</strong>us : Apr-17<br />
C<strong>at</strong>egory : Industrial Au<strong>to</strong>m<strong>at</strong>ion <strong>and</strong> Equipment<br />
©2015 Future <strong>Market</strong> Insights, All Rights Reserved
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In-depth secondary research is used <strong>to</strong><br />
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<strong>Gaskets</strong> <strong>and</strong> <strong>Seals</strong> <strong>Market</strong><br />
Global <strong>Gaskets</strong> & <strong>Seals</strong> <strong>Market</strong> Poised <strong>to</strong> <strong>Grow</strong> <strong>at</strong> <strong>5.4%</strong> <strong>CAGR</strong> during 2016-<strong>2026</strong><br />
Multiple manufacturing processes adopted across diverse industrial verticals are all contingent upon<br />
efficiency <strong>of</strong> engineering equipment & systems. The need <strong>to</strong> improve operability <strong>of</strong> such systems can be<br />
met with the use <strong>of</strong> gaskets & seals – devices th<strong>at</strong> help connect multiple surfaces & systems <strong>to</strong> complete<br />
a mechanical workflow. Apropos a l<strong>at</strong>est report published by Future <strong>Market</strong> Insights, the global dem<strong>and</strong><br />
for gaskets & seals is projected <strong>to</strong> surge <strong>at</strong> a steady r<strong>at</strong>e during the forecast period 2016-<strong>2026</strong>. The report<br />
estim<strong>at</strong>es th<strong>at</strong> in 2016, more than US$ 60 Bn worth <strong>of</strong> gasket & seals were sold across the globe. Key<br />
projections compiled in the report predict th<strong>at</strong> global gaskets & seals revenues will surpass US$ 100 Bn<br />
by the end <strong>of</strong> <strong>2026</strong>, registering a value <strong>CAGR</strong> <strong>of</strong> <strong>5.4%</strong>.<br />
The report, titled “<strong>Gaskets</strong> <strong>and</strong> <strong>Seals</strong> <strong>Market</strong>: Global Industry Analysis <strong>and</strong> Opportunity Assessment,<br />
2016-<strong>2026</strong>,” further projects th<strong>at</strong> in 2017 <strong>and</strong> beyond, the dem<strong>and</strong> for non-metallic gaskets & seals will<br />
be considerably higher than metallic m<strong>at</strong>erials. By the end <strong>of</strong> <strong>2026</strong>, more than 60% <strong>of</strong> global revenues<br />
will be accounted by sales <strong>of</strong> non-metallic gaskets & seals. Non-metallic m<strong>at</strong>erials will remain in gre<strong>at</strong><br />
dem<strong>and</strong> due <strong>to</strong> their competitive advantage over metallic m<strong>at</strong>erials on the grounds on environmental<br />
imprint <strong>and</strong> cost-effective procurement.<br />
The report has also compiled key fac<strong>to</strong>rs impacting the growth <strong>of</strong> global gaskets & seals market during<br />
the forecast period, which follow:<br />
Rising instances <strong>of</strong> leakage in industrial units th<strong>at</strong> cause considerable loss in terms <strong>of</strong> property damage<br />
& health risks can be averted by use <strong>of</strong> gaskets & seals<br />
©2015 Future <strong>Market</strong> Insights, All Rights Reserved 4
<strong>Gaskets</strong> <strong>and</strong> <strong>Seals</strong> <strong>Market</strong><br />
The dem<strong>and</strong> for gaskets & seals is also expected <strong>to</strong> rise on the account <strong>of</strong> their compliance with<br />
several strict regul<strong>at</strong>ions, th<strong>at</strong> prompt minimis<strong>at</strong>ion <strong>of</strong> leakage & fugitive emissions, observed across<br />
the globe<br />
Advent <strong>of</strong> 3D printing is likely <strong>to</strong> lower costs <strong>of</strong> manufacturing gaskets & seals, <strong>and</strong> will also facilit<strong>at</strong>e<br />
the urgency <strong>to</strong> deliver cus<strong>to</strong>mised products<br />
Key challenges inhibiting the market’s growth during the forecast period are complex manufacturing<br />
processes, altering designs <strong>and</strong> limited m<strong>at</strong>erial applicability for production <strong>of</strong> gaskets & seals<br />
Nevertheless, the report expects th<strong>at</strong> cus<strong>to</strong>mis<strong>at</strong>ions made <strong>to</strong> existing gasket & seal products will hold<br />
lucr<strong>at</strong>ive opportunity for manufacturers in the years <strong>to</strong> come. Companies such as Freudenberg & Co. KG,<br />
Henniges Au<strong>to</strong>motive Holdings Inc., SKF AB, Federal-Mogul Holdings Corpor<strong>at</strong>ion, Smiths Group Inc. (John<br />
Crane), ElringKlinger AB, Trelleborg AB, Dana Incorpor<strong>at</strong>ed, Banco Products (I) Ltd. <strong>and</strong> Parker Hannifin<br />
Corp. are observed as key manufacturers in global market for gaskets & seals.<br />
A compar<strong>at</strong>ive forecast on the global sales <strong>of</strong> gaskets <strong>and</strong> seals during the forecast period projects th<strong>at</strong><br />
global dem<strong>and</strong> for seals will remain fairly higher than th<strong>at</strong> <strong>of</strong> gaskets. By the end <strong>of</strong> <strong>2026</strong>, solid <strong>and</strong> spiral<br />
wound gaskets will be observed as <strong>to</strong>p-selling products in the market, procuring more than US$ 25 Bn in<br />
global revenues. On the other h<strong>and</strong>, a majority <strong>of</strong> global sales <strong>of</strong> seals will domin<strong>at</strong>ed by dynamic seals.<br />
St<strong>at</strong>ic seals are projected <strong>to</strong> procure just over 42% share on global seals revenues through <strong>2026</strong>-end.<br />
©2015 Future <strong>Market</strong> Insights, All Rights Reserved 5
<strong>Gaskets</strong> <strong>and</strong> <strong>Seals</strong> <strong>Market</strong><br />
The report further reveals th<strong>at</strong> au<strong>to</strong>motive industry will be one <strong>of</strong> the largest end-user <strong>of</strong> gaskets & seals<br />
in the world. However, the imprint <strong>of</strong> au<strong>to</strong>motive end-use on the global gaskets & seals market will<br />
witness a downtrend, while revenues accounted by machinery <strong>and</strong> electronics & electrical industries<br />
during the forecast period will register 5.5% <strong>and</strong> 5.6% <strong>CAGR</strong>s respectively. Key findings in the report also<br />
predict th<strong>at</strong> more by the end <strong>of</strong> <strong>2026</strong>, more than three-fourth <strong>of</strong> gaskets & seals revenues will be<br />
accounted by OEM sales channels. The report also expects Asia-Pacific excluding Japan region <strong>to</strong><br />
domin<strong>at</strong>e global gaskets & seals revenues by registering a value <strong>CAGR</strong> <strong>of</strong> 6.8% <strong>and</strong> brining in over US$ 43<br />
Bn revenues by <strong>2026</strong>-end. Other regions are expected <strong>to</strong> showcase a sluggish growth in terms <strong>of</strong> gaskets<br />
& seals sales, exhibiting <strong>CAGR</strong>s below 5%.<br />
©2015 Future <strong>Market</strong> Insights, All Rights Reserved 6
Table <strong>of</strong> Content<br />
1. Executive Summary<br />
2. <strong>Market</strong> Introduction<br />
2.1. <strong>Market</strong> Definition<br />
2.2. <strong>Market</strong> Taxonomy<br />
3. Product Overview<br />
4. <strong>Market</strong> Dynamics<br />
4.1.Drivers<br />
4.2.Restraints<br />
4.3. Opportunities<br />
4.4. Trends<br />
5. <strong>Gaskets</strong> <strong>and</strong> <strong>Seals</strong> <strong>Market</strong> Analysis Scenario<br />
5.1. <strong>Market</strong> Size (US$ Mn) <strong>and</strong> Forecast<br />
5.1.1. <strong>Market</strong> Size <strong>and</strong> Y-o-Y <strong>Grow</strong>th<br />
5.1.2. Absolute $ Opportunity<br />
5.2. <strong>Market</strong> Overview<br />
5.2.1. Value Chain<br />
5.2.2. List <strong>of</strong> Active Participants<br />
©2015 Future <strong>Market</strong> Insights, All Rights Reserved<br />
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Table <strong>of</strong> Content<br />
5.2.2.1. Raw M<strong>at</strong>erial Suppliers<br />
5.2.2.2. Manufacturers<br />
5.2.2.3. Distribu<strong>to</strong>rs / Retailers<br />
6. Global <strong>Gaskets</strong> <strong>and</strong> <strong>Seals</strong> <strong>Market</strong> Analysis <strong>and</strong> Forecast, By Product Type<br />
6.1. Introduction<br />
6.1.1. Basis Point Share (BPS) Analysis by Product Type<br />
6.1.2. Y-o-Y <strong>Grow</strong>th Projections by Product Type<br />
6.2. <strong>Market</strong> Size (US$ Mn) Forecast By Product Type<br />
6.2.1. <strong>Gaskets</strong><br />
6.2.1.1. Jacketed<br />
6.2.1.2. Solid<br />
6.2.1.3. Spiral Wound<br />
6.2.1.4. Kammpr<strong>of</strong>ile<br />
6.2.2. <strong>Seals</strong><br />
6.2.2.1. St<strong>at</strong>ic<br />
6.2.2.2. Dynamic<br />
6.3. <strong>Market</strong> Attractiveness Analysis By Product Type<br />
6.4. Prominent Trends<br />
©2015 Future <strong>Market</strong> Insights, All Rights Reserved<br />
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Table <strong>of</strong> Content<br />
7. Global <strong>Gaskets</strong> <strong>and</strong> <strong>Seals</strong> <strong>Market</strong> Analysis <strong>and</strong> Forecast, By End-Use Industry<br />
7.1. Introduction<br />
7.1.1. Basis Point Share (BPS) Analysis By End-Use Industry<br />
7.1.2. Y-o-Y <strong>Grow</strong>th Projections By End-Use Industry<br />
7.1.3. Compar<strong>at</strong>ive Analysis By End-Use Industry<br />
7.2. <strong>Market</strong> Size (US$ Mn) Forecast By End-Use Industry<br />
7.2.1. Metallic<br />
7.2.2. Non-Metallic<br />
7.2.2.1. Elas<strong>to</strong>meric<br />
7.2.2.2. Others<br />
7.3. <strong>Market</strong> Attractiveness Analysis By End-Use Industry<br />
7.4. Prominent Trends<br />
8. Global <strong>Gaskets</strong> <strong>and</strong> <strong>Seals</strong> <strong>Market</strong> Analysis <strong>and</strong> Forecast, By End-Use Industry<br />
8.1. Introduction<br />
8.1.1. Basis Point Share (BPS) Analysis By End-Use Industry<br />
8.1.2. Y-o-Y <strong>Grow</strong>th Projections By End-Use Industry<br />
8.1.3. Compar<strong>at</strong>ive Analysis By End-Use Industry<br />
©2015 Future <strong>Market</strong> Insights, All Rights Reserved<br />
9
Table <strong>of</strong> Content<br />
8.2. <strong>Market</strong> Size (US$ Mn) Forecast By End-Use Industry<br />
8.2.1. Au<strong>to</strong>motive<br />
8.2.2. Aerospace<br />
8.2.3. Machinery<br />
8.2.4. Electrical <strong>and</strong> Electronics<br />
8.2.5. Marine <strong>and</strong> rail<br />
8.2.6. Others<br />
8.3. <strong>Market</strong> Attractiveness Analysis By End-Use Industry<br />
8.4. Prominent Trends<br />
©2015 Future <strong>Market</strong> Insights, All Rights Reserved<br />
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