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Gaskets and Seals - Global Strategic Business Report

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    Report

  • 930 Pages
  • July 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 347937
The global market for Gaskets and Seals is estimated at US$51.8 Billion in 2023 and is projected to reach US$72.9 Billion by 2030, growing at a CAGR of 4.3% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Seals segment, which is expected to reach US$44.8 Billion by 2030 with a CAGR of 4.1%. The Gaskets segment is also set to grow at 4.7% CAGR over the next 8 years.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $9.5 Billion in 2023, and China, forecasted to grow at an impressive 5.7% CAGR to reach $17.3 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Gaskets and Seals Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Gaskets and Seals Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Gaskets and Seals Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as Armacell LLC, Boyd Corporation, Advanced Seals and Gaskets Ltd., and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 248 Featured):

  • Armacell LLC
  • Boyd Corporation
  • Advanced Seals and Gaskets Ltd.
  • Aero Rubber Co., Inc.
  • AK Rubber & Industrial Supplies Ltd.
  • American High Performance Seals, Inc.
  • Apple Rubber Products, Inc.
  • Butser Rubber Ltd.
  • California Gasket and Rubber Corporation
  • Aesseal PLC
  • Aquaseal Rubber Ltd.
  • AMG Group Ltd.
  • All Seals Inc.
  • Ace Seal & Rubber
  • Cannon Gasket, Inc.

MarketGlass Platform

Our reports are enhanced by the MarketGlass platform, which brings together industry experts and influencers to provide high-quality, accurate insights. This unique platform allows us to gather comprehensive data and market perspectives, ensuring you receive the most reliable and detailed analysis available.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Impact of COVID-19 Pandemic and Looming Global Recession; Living with COVID-19, the New Normal
  • Stagflation and Risk of Recession: New Challenges Emerge for the Global Market
  • World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2021, 2022, 2023 and 2024
  • Manufacturing Growth Skews Upside amid Rising Prices & Supply Chain Hiccups
  • Competitive Scenario
  • Gaskets and Seals - Global Key Competitors Percentage Market Share in 2023 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
  • Gaskets & Seals: Indispensable Solutions for Achieving Reduced Costs, Operational Certainty, and Improved Performance
  • Development of Precise Engineering Solutions and Cutting-edge Technologies in Industrial Applications: Foundation for Market Adoption
  • Global Market Prospects & Outlook
  • Analysis by Product Segment
  • Analysis by Application
  • Analysis by End-Use
  • Regional Analysis
  • Gaskets and Seals: Product Overview
  • Gaskets
  • Seals
  • Raw Materials
  • Recent Market Activity
  • Technology Innovations and Advancements in Recent Past
  • Select Global Brands
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Growing Prominence of Fuel Efficient and Customized Sealing Solutions in the Automotive Industry Drives Healthy Market Growth
  • Major Gaskets and Seals Used in the Automotive Industry
  • Anticipated STable Vehicle Production in Future Signals Growth Opportunities for Gaskets and Seals
  • Global Passenger Car & Commercial Vehicle Population (In Million Units) for the Years 2020 and 2023E
  • Immense Opportunities in the Aftermarket
  • World Mechanical Replacement Products Market (2024E): Percentage Breakdown of Revenues for Auto OEMs & Independent Aftermarket Component Manufacturers (Alternative Products)
  • Automotive Aftermarket Affected by Extended Product Lifetime
  • Average Age of Light Vehicles (Cars & Light Trucks) in the US for the Years 2015, 2019 & 2023
  • Average Age of Passenger Cars and Light Commercial Vehicles in the European Union (EU-27) for the Years 2012, 2016, 2020 & 2024E
  • EU Passenger Cars Fleet Age (2019): Percentage Breakdown by Age
  • Thermoplastic Weather Seals Find Increasing Use in the Automotive Industry
  • Advanced Gaskets in Demand with Increased Aluminum Usage in Auto Engines
  • Current Dynamics of Automotive Industry Proving Beneficial for Gaskets and Seals Market
  • World Automobile Production in Million Units: 2008-2023E
  • Expanding Electrical & Electronics Manufacturing Lends Traction to Market Growth
  • Rising Demand for and Production of General Manufacturing & Industrial Machinery Augurs Well for the Market
  • Efficient Sealing Solutions: Integral in the Oil and Gas Industry for Delivering Optimum Performance
  • Global Liquid Fuel Cumulative Demand Growth (In 000 Barrels Per Day) by Type for the Years 2019 Through 2024E
  • Global Gross New Refining Capacity Additions & Expansions (In 000 Barrels Per Day) by Region for the Years 2018, 2021 & 2024E
  • Gasket Standardization Critical in Chemical Processing Facilities
  • Challenges to Standardization
  • Myriad Benefits of Efficient Sealing for Superior Aircraft Performance Drives Demand in the Aerospace Industry
  • Rise in Aircraft Fleet Drives Long-term Opportunities
  • Global Commercial Aircraft Fleet Projections: Breakdown of Fleet (in Units) by Region for 2019 and 2040
  • Aircraft MRO Services: Huge Opportunity to Drive Long-Term Growth
  • Global MRO Spending (In US$ Billion) by Segment for the Years 2024 & 2030
  • Food Safety Regulations Augment Demand for Seals in the Food Industry
  • Sealing Systems for the Pulp and Paper Industry
  • Marine/Rail Sectors Offer Market Growth Potential
  • Growing Share of Renewables Spurs Demand in Wind Turbines Production
  • Robust Outlook for Renewables to Echo Downstream Into the Cooling Towers Market: World Renewable Energy Production (In Billion Kilowatt-hours) by Energy Source for the Years 2017, 2020, 2030P and 2040P
  • Northbound Trajectory in the Construction Sector to Favor Market Growth
  • Recovery in Construction Sector to Boost Growth
  • Global Construction Spending (in US$ Trillion) for the Years 2020-2028
  • Stringent Environment and Safety Regulations Promote Market Expansion
  • Selection of Environmentally Sustainable Sealing Solutions: Need of the Hour
  • TAMPSS: Temperature, Application, Media, Pressure, Size and Speed
  • Growing Need for Constant Monitoring of Machine Components Drives Replacement Demand for Gaskets and Seals
  • Essential Role of Sealing Solutions in Attaining Energy Efficiency Sustains Demand for Mechanical Seals
  • Designing Sealed Systems
  • Polymer Seals Continue to Gain Wider Acceptance
  • Seal-less Technology: Can it Substitute Sealed Pumps?
  • Sealless Pump: An Answer to Frequent Breakdowns
  • Significant Performance Benefits Spurs Demand for Fiberglass Gaskets
  • Expanded Graphite Gaskets to Witness Healthy Demand
  • Low-Stress Spiral Wound Gaskets: The Issue with ‘Low-Stress’ Terminology
  • Demographic Trends to Underpin Future Revenue Growth: Urban Sprawl: Prominent Driver for Automotive Industry Leading to Demand for Gaskets and Seals
  • World Urban Population in Millions: 1950-2050
  • Percentage of Urban Population in Select Countries (2018 & 2050)
  • Middle Class Segment Emerges as Major Consumer Group
  • Breakdown of World Middle Class Population (in Million) by Region for the Years 2016, 2020 & 2030
  • Breakdown of World Middle Class Spending (in US$ Billion) by Region for the Years 2016, 2020 & 2030
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Gaskets and Seals Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
  • Table 2: World Recent Past, Current & Future Analysis for Gaskets and Seals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 3: World Historic Review for Gaskets and Seals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 4: World 16-Year Perspective for Gaskets and Seals by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2024 & 2030
  • Table 5: World Recent Past, Current & Future Analysis for Seals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 6: World Historic Review for Seals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 7: World 16-Year Perspective for Seals by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 8: World Recent Past, Current & Future Analysis for Gaskets by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 9: World Historic Review for Gaskets by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 10: World 16-Year Perspective for Gaskets by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 11: World Recent Past, Current & Future Analysis for Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 12: World Historic Review for Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 13: World 16-Year Perspective for Automotive by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 14: World Recent Past, Current & Future Analysis for Electrical & Electronics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 15: World Historic Review for Electrical & Electronics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 16: World 16-Year Perspective for Electrical & Electronics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 17: World Recent Past, Current & Future Analysis for Industrial & Manufacturing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 18: World Historic Review for Industrial & Manufacturing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 19: World 16-Year Perspective for Industrial & Manufacturing by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 20: World Recent Past, Current & Future Analysis for Oil & Gas by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 21: World Historic Review for Oil & Gas by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 22: World 16-Year Perspective for Oil & Gas by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 23: World Recent Past, Current & Future Analysis for Chemicals & Petrochemicals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 24: World Historic Review for Chemicals & Petrochemicals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 25: World 16-Year Perspective for Chemicals & Petrochemicals by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 26: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 27: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 28: World 16-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 29: World Recent Past, Current & Future Analysis for OEM by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 30: World Historic Review for OEM by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 31: World 16-Year Perspective for OEM by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 32: World Recent Past, Current & Future Analysis for Aftermarket by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 33: World Historic Review for Aftermarket by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 34: World 16-Year Perspective for Aftermarket by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Gaskets and Seals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
  • Growing Demand for High Quality and High Value Sealing Solutions Drive Steady Market Growth
  • Shale Gas Promises Bright Prospects for the Gaskets and Seals Market
  • Growing Opportunities for Mechanical Seals in the US
  • Replacement Demand & End-use Applications Augur Well for the Seals Market
  • Elastomeric Sealing Products to Garner Sizeable Growth
  • Smaller Engine Compartments Translate into More Components
  • Leasing Impacts Replacement Parts Market: Key Market Restraint
CANADA
  • Gaskets and Seals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Canada for 2022 (E)
JAPAN
  • Gaskets and Seals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
  • Japanese Automotive Industry: A Major End-Use Market for Gaskets and Seals
  • A Strong Construction Equipment Market Fuels Demand for Gaskets and Seals
CHINA
  • Gaskets and Seals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
  • Presence of Huge Automotive Manufacturing Industry Makes China a Large Market
  • Aggressive Infrastructure Development and Industrialization Benefit Market Demand
EUROPE
  • Gaskets and Seals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
  • Economic Recovery to Sustain Growth in Demand
  • Despite Huge Domestic Production, Europe Import Seals from Developing Countries
FRANCE
GERMANY
  • Matured Industrial/Manufacturing Sector Drives the Market
ITALYUNITED KINGDOMSPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Gaskets and Seals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
  • Asian Countries Offer Lucrative Growth Opportunities
  • Infrastructure Spending in Developing Markets Bodes Well for the Gaskets and Seals Market
  • Indian Automotive Gasket Industry on Fast Track
  • Thailand: A Key Market
INDIASOUTH KOREAREST OF ASIA-PACIFICLATIN AMERICAARGENTINABRAZILMEXICOREST OF LATIN AMERICAMIDDLE EAST
AFRICA
  • Gaskets and Seals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2024 (E)
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Armacell LLC
  • Boyd Corporation
  • Advanced Seals and Gaskets Ltd.
  • Aero Rubber Co., Inc.
  • AK Rubber & Industrial Supplies Ltd.
  • American High Performance Seals, Inc.
  • Apple Rubber Products, Inc.
  • Butser Rubber Ltd.
  • California Gasket and Rubber Corporation
  • Aesseal PLC
  • Aquaseal Rubber Ltd.
  • AMG Group Ltd.
  • All Seals Inc.
  • Ace Seal & Rubber
  • Cannon Gasket, Inc.

Table Information