Global Gaskets & Seals Market Poised to Grow at 5.4% CAGR during 2016-2026

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Multiple manufacturing processes adopted across diverse industrial verticals are all contingent upon efficiency of engineering equipment & systems. The need to improve operability of such systems can be met with the use of gaskets & seals – devices that help connect multiple surfaces & systems to complete a mechanical workflow.

Attributes Details
Estimated Market Value of Global Gaskets and Seals Market by 2026 USD 109 Bn
Estimated CAGR from 2016-2026 5.4%
Estimated CAGR of APEJ by 2026 6.8%

Apropos a latest report published by Future Market Insights, the global demand for gaskets & seals is projected to surge at a steady rate during the forecast period 2016-2026. The report estimates that in 2016, more than US$ 60 Bn worth of gasket & seals were sold across the globe. Key projections compiled in the report predict that global gaskets & seals revenues will surpass US$ 100 Bn by the end of 2026, registering a value CAGR of 5.4%.

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https://www.futuremarketinsights.com/reports/sample/rep-gb-815

The report has also compiled key factors impacting the growth of global gaskets & seals market during the forecast period, which follow:

  • Rising instances of leakage in industrial units that cause considerable loss in terms of property damage & health risks can be averted by use of gaskets & seals
  • The demand for gaskets & seals is also expected to rise on the account of their compliance with several strict regulations, that prompt minimisation of leakage & fugitive emissions, observed across the globe
  • Advent of 3D printing is likely to lower costs of manufacturing gaskets & seals, and will also facilitate the urgency to deliver customised products
  • Key challenges inhibiting the market’s growth during the forecast period are complex manufacturing processes, altering designs and limited material applicability for production of gaskets & seals.

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By Segmentation:

By Product Type

  • Gaskets
    • Jacketed Gaskets
    • Solid Gaskets
    • Spiral Wound Gaskets
    • Kammprofile Gaskets
  • Seals
    • Static Seals
    • Dynamic Seals

By Sales Channel

  • OEM
  • Aftermarket

By Material Type

  • Metallic
  • Non-Metallic
    • Elastomeric
    • Others

By End Use Industry

  • Automotive
  • Aerospace
  • Machinery
  • Electronics & Electrical
  • Marine & Rail
  • Others

By Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific Excluding Japan
  • Middle East & Africa
  • Japan

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https://www.futuremarketinsights.com/ask-question/rep-gb-815

Competitive Analysis:

A comparative forecast on the global sales of gaskets and seals during the forecast period projects that global demand for seals will remain fairly higher than that of gaskets. By the end of 2026, solid and spiral wound gaskets will be observed as top-selling products in the market, procuring more than US$ 25 Bn in global revenues. On the other hand, a majority of global sales of seals will dominated by dynamic seals. Static seals are projected to procure just over 42% share on global seals revenues through 2026-end.

About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact:
Future Market Insights,
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Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: [email protected]
For Media Enquiries: [email protected]
Website: https://www.futuremarketinsights.com/
Access Full Report Here: https://www.futuremarketinsights.com/reports/gaskets-and-seals-market


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