Press release
COVID19 Impact on Gaskets And Seals Market Size and Growth Forecast till 2026 | Top Players: Armacell, Freudenberg Sealing Technologies, The Flexitallic Group, Parker Hannifin, Flowserve Corporation, Cooper Standard, Technetics Group, etc
Gaskets and Seals Market
The coronavirus crisis has disrupted the supply chain of every industry around the world. We understand that this health emergency has negatively impacted various sectors across the globe. Rising support from governments and several companies can help in the fight against this highly infectious virus. There are some industries that are struggling and some are thriving. More or less, nearly every sector is estimated to be impacted by this pandemic.
We are making endless efforts to uplift businesses in this crucial need of the hour. Our expertise and experience can offer enormous benefits to help regain during this global pandemic.
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The report on the gaskets and seals market includes:
• Key industry trends
• Strategies adopted by major players
• Dominating regions
• Authoritative insights
Market Driver:
Launch of New Conductive Seals by Freudenberg to Propel Growth
Freudenberg Sealing Technologies, a leading specialist and supplier of a wide variety of sealing technologies announced the launch of new conductive seals to ensure a lasting electrical connection between housings and shafts while also preventing bearing damage. Similarly, in June 2019, Freudenberg Sealing Technologies introduced new material and sealing innovations that are designed for the aerospace industry to increase safety and performance requirements in the industry. The growing innovation in electric lightweight vehicles is expected to have a tremendous impact on the global market. Moreover, the electrical & electronics segment is predicted to account for the largest share during the forecast period owing to the increasing demand for electronics and technological advancement.
However, the price volatility of raw materials in the manufacturing of gaskets & seals is predicted to hamper the growth of the market. Also, government regulations about environmental protection are expected to further restrict the growth of the market in the foreseeable future.
Gain More Insights into the Gaskets and Seals Market Research Report: https://www.fortunebusinessinsights.com/industry-reports/gaskets-and-seals-market-101723
Regional Analysis:
Flourishing Aerospace Industry to Promote Growth in Europe
Geographically, the gaskets and seals market is segmented into North America, South Latin America, Asia-Pacific, Europe, and Middle East & Africa. Asia-Pacific is predicted to hold the largest share during the forecast period. The growth in the region is attributed to the heavy demand from the automotive sector. The demand for non-metallic or composite gaskets in the manufacturing of lightweight vehicles is predicted to foster healthy growth of the market. Europe is expected to account for the second-largest share in the global market owing to the booming aerospace and marine & rail industries in the region. The high demand for gaskets & seals in the chemical manufacturing industry is expected to boost the market in the forthcoming years. The rising demand for commercial vehicles is likely to create lucrative opportunities for the market in North and Latin America. The Middle East & Africa is expected to register a rapid growth rate owing to the rising demand for gasket & seals in the region.
The Report Lists the Main Companies in the Gaskets and Seals Market:
• Flowserve Corporation
• Smiths Group PLC
• Freudenberg Sealing Technologies Gmbh & Co. Kg
• Armacell
• Federal-Mogul Holdings Corporation
• Datwyler Holding Inc.
• SKF
• Parker-Hannifin
• Cooper Standard
• Dana Holding Corporation
• Technetics Group, Flexitallic
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