Press release
Gasket and Seals Market : Compressive Research on Various Key Factors of Industry 2021-2027
Gasket and Seals Market
Gasket and seals are the materials used to prevent the passage of any foreign media through to and fro, the joined object while under compression. Gasket is a mechanical seal, which fills the space between two or more mating surfaces, in order to prevent leakage. Gaskets allow perfect mating surface wherein they can fill irregularities. Gasket and seals are widely used across all end-use industries. Depending upon the application, a different types of gasket and seals are used among various end-use industries. Spiral wound, jacketed, kammprofile, solid ring are among the key gasket types, while o-ring seal, body seals, mechanical seals, shaft seal, piston seal, etc. are the key seal types used in different applications.
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What is the primary factor contributing towards the growth of global Gasket and Seals market?
Increasing need to enhance performance of engineering equipment is expected to drive growth of the global gasket and seals market during the forecast period.
Which sub-segment among Application held the largest market share in the global Gasket and Seals market?
OEM sub-segment holds the largest market share among Sales Channel segment contributing 74.3% market share in terms of value in 2019.
Who are the key players operating in the global Gasket and Seals market?
Key players operating in the global Gasket and Seals market are Freudenberg & Co. KG, Henniges Automotive Holdings Inc., SKF AB, Banco Products (I) Lt, Federal-Mogul Holdings Corporation, Dana Incorporated, Smiths Group Inc. (John Crane), Trelleborg AB, Parker Hannifin Corp., and ElringKlinger AB.
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