Global Gaskets and Seals Market Poised to Grow at 5.4% CAGR during the period 2016-2026 : Industry Analysis and Opportunity Assessment

ResearchMoz added Latest Research Report titled " Gaskets and Seals Market: Automotive End Use Industry Expected to be a Major Consumer of Gaskets and Seals: Global Industry Analysis and Opportunity Assessment 2016-2026 " to it's Large Report database.

As per Future Market Insights forecast, the global gaskets and seals market is estimated to be valued at nearly US$ 63 Bn in the year 2017 and is expected to touch a figure of nearly US$ 102 Bn by the year 2026, representing a CAGR of 5.4% in terms of value during the forecast period. The global gaskets and seals market is projected to create an incremental dollar opportunity of nearly US$ 42 Bn between 2016 and 2026.

Increasing need to improve performance/efficiency of engineering equipment is boosting the global market for gaskets and seals

There is a significant loss of material and additional losses in the form of labour and material cost of repair due to the leakages caused in various industrial equipment. In addition, a significant chunk of energy is wasted coupled with environmental losses that affect the bottom line of the industry adversely. Sales are also impacted due to the downtime caused by such leaking industrial equipment and leading to other malfunctions. Also, if things go wrong badly, an industrial accident may occur due to the leaking industrial equipment and this may lead to irreparable damage to the brand image of the concerned company and claims for personal injury will translate into heavy financial losses. In order to avoid such situations, and to increase the overall efficiency of the machine systems, there is an increasing need from end-user industries to properly manage gaskets and seals usage during their process systems and operations.

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Customisation in product offerings offers a great opportunity in the global gaskets and seals market

Presently, new materials are being used to produce newer types of gaskets and seals for various end use applications and this makes the global market for gaskets and seals attractive. There is an inherent demand for integrated gaskets and seals, which can offer superior mechanical, physiochemical as well as desirable electrical properties and this market is expected to gain traction in the coming years. The ability of manufacturers to respond to such kind of demand for new product types and materials is expected to create significant growth opportunities in the global gaskets and seals market. In addition, signing long-term contracts with direct end users can provide opportunities for uninterrupted revenue flow and profit generation in the global gaskets and seals market.

Introduction of 3-D printing to manufacture gaskets and seals is an upcoming trend

Various end users of gaskets and seals are demanding customised and high end products. The leading market players are responding by developing and applying novel technologies for producing superior quality products. For example, in March 2017, Stratasys Ltd, a company involved in 3D printing solutions, introduced two new materials for 3D printing namely, FDM Nylon 12CF that is a carbon-fibre reinforced thermoplastic; and Agilus30, a line of flexible and tear resistant material for polyjet 3D printing. Agilus30 can also be used for producing gaskets and seals through the process of 3D printing.

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Table Of Content

1. Executive Summary

2. Market Introduction
2.1.Market Definition
2.2.Market Taxonomy

3. Product Overview

4. Market Dynamics
4.1.Drivers
4.2.Restraints
4.3.Opportunities
4.4.Trends

5. Gaskets and Seals Market Analysis Scenario
5.1.Market Size(US$ Mn) and Forecast
5.1 .1.Market Size and Y - o - Y Growth
5.1 .2.Absolute $ Opportunity
5.2.Market Overview
5.2 .1.Value Chain
5.2 .2.List of Active Participants
5.2 .2 .1.Raw Material Suppliers
5.2 .2 .2.Manufacturers
5.2 .2 .3.Distributors / Retailers

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