PUBLISHER: TechNavio | PRODUCT CODE: 1502013
PUBLISHER: TechNavio | PRODUCT CODE: 1502013
The gasket and seal materials market is forecasted to grow by USD 20.2 bn during 2023-2028, accelerating at a CAGR of 6.25% during the forecast period. The report on the gasket and seal materials market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in demand from developing countries, growing use of gasket and seal in improving performance of engineering equipment, and growth in automotive industry.
Technavio's gasket and seal materials market is segmented as below:
Market Scope | |
---|---|
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 5.78% |
CAGR | 6.25% |
Incremental Value | $20.2bn |
By End-user
By Application
By Geography
This study identifies the growth in aftermarket sales as one of the prime reasons driving the gasket and seal materials market growth during the next few years. Also, growing demand from renewable energy industry and stringent emission regulations will lead to sizable demand in the market.
The report on the gasket and seal materials market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading gasket and seal materials market vendors that 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.. Also, the gasket and seal materials market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
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