Gasket and Seals Market to Observe Strong Development by 2023
View Report Preview:
The market for gaskets and seals is segmented on the basis of materials used, types, end-use verticals, and geography. On the basis of types, the gaskets and seals market is segmented into gasket; which are further categorized into metallic gaskets, rubber gasket, cork gasket, non-asbestos gasket, ring joints, and spiral wound gaskets. The types of seals considered includeO-ring seal, lip seal, mechanical seal, rotary seal and others. Based on end use, material required for gasket and seal manufacturing is decided. Based on type of material used to manufacture gaskets and seals, the market is segmented into fiber, graphite, PTFE, rubber gasket, silicone gasket and others. Based on end-use, the market for gasket and seal is segmented into power and energy, industrial and manufacturing, oil and gas, automotive and chemical and petrochemicals among others. Based on geographical regions, the market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East and Africa. Over the forecast period, Asia Pacific is expected to witness maximum growth on account of growing industrial sector in the region.
With increase in industrialization and urbanization globally, there has been considerable rise in the number of manufacturing plants, machineries, automobiles, and various other mechanical instruments which use gasket and seals. This has had positive impact on the market growth. Gaskets and seals are major peripheral required in plumbing systems. With economies recovering post economic recession, construction industry is expected to regain its growth level, thereby supporting the demand for plumbing systems and hence, gasket and seals.
In automobiles, gaskets and seals are widely used for shunting to avoid leakage or wastage of expensive fluids or gas. Owing to their property to sustain extreme pressure conditions, compressive loads, and heat, gasket and seals have significant scope across different industry verticals. However there are certain restraints too, which are curbing the market growth of gasket and seals. Due to price volatility of raw materials like rubber, silicone, graphite etc. the overall price of gaskets and seals is also expected to rise to some extent. With increase in electrification/industrial automation, the use of gaskets and seals has been on a decline.
Request to view Sample Report:
Some of the key players manufacturing gaskets and seals include Dana Holding Corporation, Flowserve Corporation, Smiths Group PLC, Freudenberg Sealing Technologies Gmbh & Co. Kg, Federal-Mogul Holdings Corporation, Datwyler Holding Inc. andVictor Gaskets India Limited among others.
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
USA – Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Gasket and Seals Market to Observe Strong Development by 2023 here
News-ID: 1079437 • Views: 272
More Releases from Transparency Market Research
Wearable EEG Devices Market: Growing incidences of Neurovascular Disorders is Dr …
According to new market research titled 'Wearable EEG Devices Market to 2027 - Global Analysis and Forecasts by Channel and Application.' The global wearable EEG devices market is expected to reach US$ 1,556.35 Mn in 2027 from US$ 745.05 Mn in 2018. The market is projected to grow with a CAGR of 8.7% from 2019-2027. The report provides trends prevailing in the global wearable EEG devices market and the factors
Decentralized Electricity Generation Market - Global Industry Analysis, Share, G …
Global Decentralized Electricity Generation Market: Overview With the increasing installation of smart grids and the rising number of electricity generation resources, the power generation industry has been undergoing a significant change over the recent past. The modification in the grid structure, which permits decentralization of electricity generation, is acting as the main driving force behind the substantial growth of the global market for decentralized electricity generation. The main objective of this research
Global Sucralose Market Outlook In The Developed And Emerging Industry
Sucralose Market Overview Sugar substitute market is witnessing an increasing demand driven by the increasing sales of various sugar substitutes such as natural sweeteners and artificial sweeteners. Sucralose, an artificial sweetener used as a sugar substitute is highly preferred by consumers owing to its zero calorie attribute. Though sucralose is 600 times sweeter than sugar but interestingly it is not identified as the carbohydrate by the human body. Sucralose has its
Flavored Syrup Market - Growth Powered with Latest Development Scenario & Influe …
Flavored Syrup Market Introduction Global syrup market is witnessing a significant demand generated by the food and beverage industry. Consumers' increasing preference for different and personalized flavors in food has driven the syrup manufacturers to produce a wide range of flavored syrups. Flavored syrups contain artificial or natural flavorings mixed along with sugar and water. Obtain Report Details @ https://www.transparencymarketresearch.com/flavored-syrup-market.html Increasing demand of flavored syrups especially among the consumers contributes to the
More Releases for Gasket
Innovation Benchmarking in Metallic Gasket Market
Gaskets are essentially used to fill the void between two coupling surfaces to avoid leakage or wastage of fluids or gas. They also help maintain a sustained pressure and avoid contamination from external environmental conditions. A gasket is designed on the basis of its end-use application and coupling type. Over a period of time, technological advancements have rendered metallic gaskets safer and more effective in terms of operation. Gaskets also
Automotive Head Gasket Global Market 2017-2021
"Global Automotive Head Gasket Market 2017-2021" The Report covers current Industries Trends, Worldwide Analysis, Global Forecast, Review, Share, Size, Growth, Effect. . . Description- '
Cylinder Head Gasket Industry Market Research 2017
In this report, we analyze the Cylinder Head Gasket industry from two aspects. One part is about its production and the other part is about its consumption. In terms of its production, we analyze the production, revenue, gross margin of its main manufacturers and the unit price that they offer in different regions from 2012 to 2017. In terms of its consumption, we analyze the consumption volume, consumption value, sale
US Gasket Market Report 2017 - Trends & Analysis
IndexBox has just published a new report "U.S. Gasket, Packing, And Sealing Device Market. Analysis And Forecast to 2025" ( http://www.indexbox.co.uk/store/us-gasket-packing-and-sealing-device-market-analysis-and-forecast-to-2020?utm_source=opr ). This report is best suitable for you if you: • Are planning to enter a new geographical market and wish to know which one is best for your product • Are planning to enter a new product market and want to have a detailed overview of the market before entering • Already
Global Industrial Valve Cover Gasket 2017-2021
MarketResearchNest.com adds “Global Industrial Valve Cover Gasket Market 2017-2021” new report to its research database. The report spread across 72 pages with table and figures in it. Research analysts forecast the global industrial valve cover gasket market to grow at a CAGR of 3.72% during the period 2017-2021. "About Industrial Valve Cover Gasket The valve cover gasket set is a complete set of gaskets required to produce a working seal between the valve
Sealing Gasket Market 2017 Forecast to 2022
Sealing Gasket Market Sealing Gasket is a mechanical seal which fills the space between two or more mating surfaces, generally to prevent leakage from or into the joined objects while under compression. Request Sample Copy @ https://www.reportsandmarkets.com/sample-request/global-north-america-europe-and-asia-to-2022-1614108 Scope of the Report: This report focuses on the Sealing Gasket in Global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market