Gasket and Seal Materials Market size is set to grow by USD 20.2 billion from 2024-2028, Increase in demand from developing countries to boost the market growth, Technavio

NEW YORK, June 14, 2024 /PRNewswire/ -- The global gasket and seal materials market size is estimated to grow by USD 20.2 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 6.25% during the forecast period. Increase in demand from developing countries is driving market growth, with a trend towards growth in aftermarket sales. However, stringent regulations and policies poses a challenge. Key market players include A.W. Chesterton Co., AB SKF, Aesseal Plc, AMETEK Inc., Boyd Corp., Cooper Standard Holdings Inc., Dana Inc., ElringKlinger AG, EnPro Industries Inc., Excelsior Inc., Flowserve Corp., Freudenberg and Co. KG, HEXPOL AB, Meccanotecnica Umbra S.p.A., Parker Hannifin Corp., Sealmax, Stockwell Elastomerics Inc., Tenneco Inc., Trelleborg AB, and VALQUA Ltd..

Get a detailed analysis on regions, market segments, customer landscape, and companies - View the snapshot of this report

Key Market Trends Fueling Growth

The gasket and seal materials market experiences consistent growth due to frequent replacements and upgrades. These components are essential for pumps, compressors, and agitators, with short lifespans requiring regular replacement to meet emission regulations and maintain process efficiency. Aftermarket sales dominate the market, with most users opting for like-for-like replacements. Vendors focus on aftermarket sales to cater to the constant demand for gasket and seal materials. 

The gasket and seal materials market is experiencing significant growth due to the increasing demand for efficient and durable solutions in various industries. Key materials used include rubber, plastic, metal, and composite. These materials offer benefits such as resistance to heat, pressure, and chemicals. For instance, plastic gaskets are popular in automotive applications due to their flexibility and resistance to oil and fuel.

On the other hand, metal gaskets are preferred in high-temperature and high-pressure applications. The market is also witnessing the trend of using advanced materials like ceramic and PTFE for specialized applications. Overall, the market is expected to continue growing due to the increasing demand for reliable and efficient sealing solutions. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

• The gasket and seal market for the medical and food industries faces regulatory challenges from the EPA, REACH, FDA, and EU. These organizations impose stringent guidelines and lengthy approval processes for gaskets and seals used in food and pharmaceutical applications.
• In the US, the FDA's CFR 21, Part 177 1660 regulates the use of rubber for gaskets and seals in food applications. The EU's regulation (EU) No 10/2011 sets standards for plastic materials and articles in the food industry. Vendors must adhere to current good manufacturing practices (CGMPs) to meet quality standards.
• The gasket and seal materials market faces several challenges in the production and application of various materials. These include the need for high durability and resistance to extreme temperatures and chemicals. The selection of appropriate materials for specific applications is crucial to ensure the longevity and effectiveness of gaskets and seals.
• Common materials used are elastomers, metals, and ceramics. Elastomers offer flexibility, while metals provide strength and resistance. Ceramics offer high temperature resistance. However, each material has its limitations, and finding the right balance for specific applications can be a challenge. Additionally, the cost and availability of raw materials can impact the market. The use of advanced technologies like 3D printing and robotics can help address these challenges and improve the overall efficiency and productivity of the industry.

For more insights on driver and challenges - Download a Sample Report

Segment Overview

1. End-user
• 1.1 OEMs
• 1.2 Aftersales market
2. Application
• 2.1 Automotive
• 2.2 Industrial machinery
• 2.3 Electrical and electronics
• 2.4 Oil and gas
• 2.5 Others
3. Geography
• 3.1 APAC
• 3.2 North America
• 3.3 Europe
• 3.4 South America
• 3.5 Middle East and Africa

1.1 OEMs- The gasket and seal materials market is thriving due to increasing demand in various industries. Key players include 3M, Honeywell, and Parker Hannifin. These companies supply elastomers, metals, and other materials for gaskets and seals. Demand is driven by sectors like automotive, oil and gas, and power generation. Market growth is attributed to factors such as aging infrastructure and rising industrial production. Companies invest in research and development to improve product performance and sustainability.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 - 2022) - Download a Sample Report

Research Analysis

The Gasket and Seal Materials Market encompasses a diverse range of industries, including aircraft manufacturing, medical equipment, and chemical processing. Compliance with pollution regulations is a significant factor driving the demand for advanced materials such as metals, thermoplastics, elastomers, ceramics, glass, concrete, stainless steel, aluminum, and titanium.

These materials are utilized in various applications, including power transmission seals, drive assemblies, and gaskets. Automated gasketing technologies and 3D printing techniques are revolutionizing the production process, offering improved efficiency and precision. The consumer durable goods and technological products sectors also rely heavily on these materials for OEM installations. Vibrations and the need for high-performance seals are key considerations in the selection of materials for various applications.

Market Research Overview

The Gasket and Seal Materials market encompasses a diverse range of materials used in various industries for sealing and gasketing applications. These materials include elastomers like rubber and silicone, metals such as stainless steel and graphite, and ceramics. The choice of material depends on factors such as temperature, pressure, chemical resistance, and compatibility with the medium being sealed.

Fluidics, power generation, automotive, and oil and gas industries are significant consumers of gasket and seal materials due to their high-performance requirements. Producers of these materials focus on innovation to meet the evolving needs of these industries, offering materials with improved properties such as higher temperature resistance, better chemical compatibility, and enhanced mechanical strength. The market for gasket and seal materials is expected to grow due to increasing industrialization and infrastructure development.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

• End-user
• OEMs
• Aftersales Market
• Application
• Automotive
• Industrial Machinery
• Electrical And Electronics
• Oil And Gas
• Others
• Geography
• APAC
• North America
• Europe
• South America
• Middle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio