Gasket and Seals Market, By Product Type (Gaskets (Jacketed Gaskets, Solid Gaskets, Spiral Wound Gaskets, and Kammprofile Gaskets) and Seals (Static Seals and Dynamic Seals)), By Sales Channel (OEM and Aftermarket), By Material Type (Metallic and Non-metallic (Elastomeric and Others), By End-use Industry (Automotive, Aerospace, Machinery, Electronics & Electrical, Marine & Rail and Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published In : Jan 2023

Code : CMI3897

Pages :130

Formats :

Excel and PDF

Industry : Industrial Automation and Machinery

Gasket And Seals MarketSize and Trends

The global Gaskets and Seals market is estimated to account for US$ 74,375.7 Mn in terms of value by the end of 2021 and is expected to grow at a CAGR of 5.7% during the forecasted period (2022-2030).

Forecasted Asia Pacific is expected to hold a dominant position in the Gaskets and Seals Market in 2030

Statistics:

Asia Pacific held a dominant position in the global Gasket and Seals market in 2021, accounting for a 49.2% share in terms of value, followed by Europe and North America respectively

Figure 1: Global Gaskets and Seals Market Share (%), By Region, 2021

Asia Pacific is expected to be one of the prominent region in the global market and witness high growth during the forecast period. This is owing increasing demand for gaskets and seals in emerging countries such as China and India.

Figure 2: Global Gaskets and Seals Market (US$ Mn) Analysis and Forecast, 2017 – 2030

The Global Gaskets and Seals Market was valued at US$ 74,375.7 Mn in 2021 and is expected to reach US$ 1,20,173.9 Mn by 2030, growing at a CAGR of 5.7% between 2022 and 2030.

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.