GASKET AND SEALS MARKET ANALYSIS

Market Challenges And Opportunities

Market Restraint

Challenges associated with manufacturing, design, and material construction are expected to hinder the global gasket and seals market during the forecast period

 Improvisation of machine design due to the increasing need for compact, efficient, and high-performance processes has resulted in the requirement for highly customized gaskets and seals. The alteration in shape, size, or design also requires a change in the material of construction used for manufacturing gaskets and seals. Limited availability of installation, manufacturing, service and safety data for newly developed gaskets and seals further pose challenges during working with them. Thus, these factors are expected to restrain the growth of the market.

 Issues regarding high-temperature sealing are expected to hinder the global gasket and seals market during the forecast period

 Sealing at high temperatures and in challenging operating conditions has remained a major hampering factor. If standard materials such as expanded graphite are used in manufacturing of gasket and seals, such standard materials cannot perform reliably for an extended time period. Thus, these factors are expected to hinder the global gasket and seals market growth over the forecast period.

Market Opportunity

Customized product offerings can provide major growth opportunities

Demand for integrated gaskets and seals that can offer superior mechanical, electrical, and physicochemical properties is expected to boost during the forecast period. Manufacturers’ ability to respond to demand for such products with reduced lead time and at competitive prices is expected to create significant growth opportunities in the global market.

New product launches can pose major business opportunities

The global manufacturers of gaskets and seals, to better serve their customers, are introducing new products, and are involved in the expansion of their product portfolio.