Gasket and Seals Market By Gasket Type Spiral Wound Gaskets, Metallic Gaskets, Ring Joints, Rubber Gasket, Non-Asbestos Gasket and Cork Gasket , Seal Type Rotary Seal, O-Ring Seal, Mechanical Seal, Lip Seal and Other Seal Types , Material Silicone, Fiber, Rubber, Graphite, PTFE and Other Materials and End User Petrochemicals, Power and Energy, Automotive and Chemical, Industrial and Manufacturing and Oil and Gas – Global Industry Analysis And Forecast To 2025
Industry Outlook
The gasket is the mechanical seal that fills the gap between at least two mating surfaces, for the most part to keep leakage from happening or in the joined articles while under pressure. They take into consideration the “less-than-perfect” for the mating surfaces on the machine parts where these gaskets may fill the irregularities. They are normally manufactured by cutting from the sheet of the preferred materials. They for particular applications, for example, steam systems with high pressure, can contain asbestos. But, because of the hazards to health related with the exposure to asbestos, the practical utilization of non-asbestos gasket materials is more. Therefore, the Gasket and Seals Market is anticipated to expand and has tremendous scope during the forecast period. The global Gasket and Seals Market anticipated to flourish in the future by growing at a significantly higher CAGR.
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Drivers and Restrains
The factors driving the market are; rising urbanization and industrialization in various regions across the globe, increasing number of automobiles, manufacturing plants, machineries and various the mechanical devices that utilize these seals and gaskets, increasing demand and utilization in the plumbing sector, increasing constructional activities across the globe that ultimately leads to rising demand for systems of plumbing, increasing demand from the automobile sector and other factors. The factor that limits the growth of the market is unpredictability in the cost of raw materials such as graphite, rubber, silicone and other raw materials.
Regional Insights
The Asia Pacific region is leading the Global Gasket and Seals Market owing to increasing manufacturing of vehicles in developing economies in this region and some other factors.
Gasket and Seals Market, By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Russia
Italy
Rest of Europe
Asia-Pacific
China
Japan
South Korea
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India
Southeast Asia
Rest of Asia-Pacific
South America
Brazil
Argentina
Columbia
Rest of South America
Middle East and Africa
Saudi Arabia
UAE
Egypt
Nigeria
South Africa
Rest of MEA
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Competitive Analysis
The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and market share of the overall industry.
Victor Gaskets India Limited
Dana Holding Corporation
Datwyler Holding Inc.
Flowserve Corporation
Federal-Mogul Holdings Corporation
Smiths Group PLC
Freudenberg Sealing Technologies Gmbh and Co. Kg
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2025?
What will be the industry market growth from 2015 to 2025?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
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