Gaskets and Seals - Global Market Trajectory & Analytics

Global Gaskets and Seals Market to Reach $81 Billion by 2027

Amid the COVID-19 crisis, the global market for Gaskets and Seals estimated at US$62.3 Billion in the year 2020, is projected to reach a revised size of US$81 Billion by 2027, growing at a CAGR of 3.8% over the analysis period 2020-2027. Non-Metallic Gaskets, one of the segments analyzed in the report, is projected to record a 4.4% CAGR and reach US$20.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Metallic Gaskets segment is readjusted to a revised 3% CAGR for the next 7-year period.



The U.S. Market is Estimated at $16.8 Billion, While China is Forecast to Grow at 6.8% CAGR

The Gaskets and Seals market in the U.S. is estimated at US$16.8 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$17.2 Billion by the year 2027 trailing a CAGR of 6.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.2% and 2.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.9% CAGR.

Molded Packing Seals Segment to Record 4% CAGR

In the global Molded Packing Seals segment, USA, Canada, Japan, China and Europe will drive the 3.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$9.8 Billion in the year 2020 will reach a projected size of US$12.4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$11.4 Billion by the year 2027, while Latin America will expand at a 4.9% CAGR through the analysis period.

Select Competitors (Total 489 Featured):

• AB SKF
• AIGI Environmental Inc.
• Bal Seal Engineering, Inc.
• BRUSS Sealing Systems GmbH
• Cooper-Standard Holdings Inc.
• Dana Inc.
• Datwyler Group
• Dow Inc.
• ElringKlinger AG
• Enginetech, Inc.
• Eriks NV
• Federal-Mogul LLC
• Flowserve Corporation
• Freudenberg & Co. Kommanditgesellschaft
• Gallagher Fluid Seals, Inc.
• Garlock Sealing Technologies
• Gasket Engineering Company
• Hennig Gasket & Seals Inc.
• Henniges Automotive
• Hutchinson SA
• Interface Performance Materials, Inc.
• John Crane UK Ltd.
• Kemtron Gaskets & Seals Limited
• Krausz Industries
• Lamons
• LMK Technologies
• Parker Hannifin Corporation
• Pipeotech AS
• Press-Seal Corporation
• RAM Gasket Solutions
• Saint Gobain Performance Plastics Corporation
• Sankar Sealing Systems Pvt. Ltd.
• Seal Company Enterprises, Inc.
• Seal Innovations, Inc.
• Smiths Group Plc
• Standard Profil AS
• Stockwell Elastomerics, Inc.
• Sur-Seal Corporation
• Talbros Group
• TEADIT® Group
• Temel Gaskets
• The Flexitallic Group
• Toyoda-Gosei Co., Ltd.
• Trelleborg Sealing Solutions
• Tweed & Co., Inc.
• W.L. Gore & Associates Inc.
• Winderosa Mfg. & Dist. Co., USA, Inc.