Global Automotive Gaskets And Seals Market Report 2023: Market Size, Key Segments And Regions

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The Automotive Gaskets And Seals Global Market Report 2023 by The Business Research Company, provides automotive gaskets and seals market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Automotive Gaskets And Seals Global Market Report 2023, the global automotive gaskets and seals market size grew from $16.29 billion in 2022 to $17.33 billion in 2023 at a compound annual growth rate (CAGR) of 6.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the automotive gaskets and seals is expected to grow to $22.34 billion in 2027 at a CAGR of 6.6%.

The increase in demand for electric vehicles is driving the automotive gaskets and seals market. Gaskets and seals are used in many EV applications such as battery packs to provide environmental sealing and insulation.

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The automotive gaskets and seals market is segmented:

1) By Material: Fiber, Graphite, PTFE, Rubber, Silicones

2) By Product Type: Gaskets, Seals

3) By End Use: Automotive, Aerospace, Machinery, Electronics & Electrical, Marine & Rail

3D printing is increasingly being used in the manufacturing of automotive gaskets and seals. 3D printing or additive manufacturing is the process of making three-dimensional objects from a digital file. By using 3D printing, manufacturers can economically and efficiently create gaskets of varying dimensions as per applications. For example, DP Seals, a leading global supplier of custom seals, gaskets and molding uses 3D printing rubber seals to identify design faults and accelerate the development process.

The automotive gaskets and seals market report table of contents includes: