The gaskets and seals market is anticipated to grow at a significant CAGR of 4.8% during the forecast period (2022-2028). The components used in cars to prevent fluid and gas leaks are gaskets and seals. They seal the gaps between vehicle components, preventing leakage. Lubricants cannot escape the bearings because of the seals. Dust and other impurities are kept out of the equipment due to the seal. With technical improvements, gaskets and seals now provide a cost-effective way to improve fuel efficiency while also lowering repair and maintenance costs, extending the average life span of vehicle components. Furthermore, the industry is likely to be driven by the market’s strict restrictions regarding the maximum limit on carbon emissions, as implemented by automotive authorities.
The global gaskets and seals market is segmented based on material type, application, and product type. Based on the material type, the market is sub-segmented into metal, plastic polymer, fibre, silicon, and rubber. Among these material types, the silicone segment is expected to propel the growth of the market due to the increasing demand and use of silicone gaskets and seals in automobiles. To further reduce fuel costs and enhance efficiency, the use of lightweight materials such as silicone rubber has risen. Based on the application, the market is sub-segmented into cooling, transmission, engine, brake, fuel supply, and battery. Based on the product type, the market is sub-segmented into cylinder head gaskets, O-ring seals, valve stem seals, vent seals, plugin seals, and rotary seals.
The market players are also contributing significantly to the market growth by adopting various strategies, including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in December 2020, ElringKlinger announced the launch of a new “Metal Sealing Systems & Drivetrain Components” business unit by combining former Cylinder-head Gaskets and Speciality Gaskets business units for more aligned and efficient operations.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Material Type
- By Application
- By Product Type
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Dana Ltd., Federal-Mogul Corp., Trelleborg AB, Datwyler, The SKF Group, Smiths Group PLC, Freudenberg Sealing Technologies GmbH & Co. KG, and Flowserve Corp.,among others.
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Global Gaskets and Seals Market Report by Segment
By Material Type
- Metal
- Plastic Polymer
- Fibre
- Silicon
- Rubber
By Application
- Cooling
- Transmission
- Engine
- Brake
- Fuel supply
- Battery
By Product Type
- Cylinder Head Gaskets
- O-Ring Seals
- Valve Stem Seals
- Vent Seal
- Plugin Seals
- Rotary Seals
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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