Gasket
and seals are primarily used to fill the empty spaces between the
coupling surfaces to avoid leakage and wastage of fluids and gas. In
addition, gaskets also help in maintaining pressure and avoid
contamination from the external environmental condition. Gaskets and
seals are specifically designed depending upon the end-use surface
and the type of coupling. These products have the property of
withstanding high compressive loads. In order to check the strength
of gaskets and seals certain tests are undertaken. Silicone and
rubber are the most preferred material used for manufacturing gaskets
and seals owing to their superior characteristics including high
reliability, better strength, high flexibility, and resistance to
high heat and pressure.
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Gasket and Seals Market Report with Full TOC at :
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The
market for gaskets and seals is segmented on the basis of materials
used, types, end-use verticals, and geography. On the basis of types,
the gaskets and seals market is segmented into gasket; which are
further categorized into metallic gaskets, rubber gasket, cork
gasket, non-asbestos gasket, ring joints, and spiral wound gaskets.
The types of seals considered includeO-ring seal, lip seal,
mechanical seal, rotary seal and others. Based on end use, material
required for gasket and seal manufacturing is decided. Based on type
of material used to manufacture gaskets and seals, the market is
segmented into fiber, graphite, PTFE, rubber gasket, silicone gasket
and others. Based on end-use, the market for gasket and seal is
segmented into power and energy, industrial and manufacturing, oil
and gas, automotive and chemical and petrochemicals among others.
Based on geographical regions, the market is segmented into North
America, Latin America, Europe, Asia Pacific, Middle East and Africa.
Over the forecast period, Asia Pacific is expected to witness maximum
growth on account of growing industrial sector in the region.
With
increase in industrialization and urbanization globally, there has
been considerable rise in the number of manufacturing plants,
machineries, automobiles, and various other mechanical instruments
which use gasket and seals. This has had positive impact on the
market growth. Gaskets and seals are major peripheral required in
plumbing systems. With economies recovering post economic recession,
construction industry is expected to regain its growth level, thereby
supporting the demand for plumbing systems and hence, gasket and
seals.
In
automobiles, gaskets and seals are widely used for shunting to avoid
leakage or wastage of expensive fluids or gas. Owing to their
property to sustain extreme pressure conditions, compressive loads,
and heat, gasket and seals have significant scope across different
industry verticals. However there are certain restraints too, which
are curbing the market growth of gasket and seals. Due to price
volatility of raw materials like rubber, silicone, graphite etc. the
overall price of gaskets and seals is also expected to rise to some
extent. With increase in electrification/industrial automation, the
use of gaskets and seals has been on a decline.
Some
of the key players manufacturing gaskets and seals include Dana
Holding Corporation, Flowserve Corporation, Smiths Group PLC,
Freudenberg Sealing Technologies Gmbh & Co. Kg, Federal-Mogul
Holdings Corporation, Datwyler Holding Inc. andVictor Gaskets India
Limited among others.
This
research report analyzes this market on the basis of its market
segments, major geographies, and current market trends. Geographies
analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Middle East and Africa
- Latin America
This
report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
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This
report is a complete study of current trends in the market, industry
growth drivers, and restraints. It provides market projections for
the coming years. It includes analysis of recent developments in
technology, Porter’s five force model analysis and detailed
profiles of top industry players. The report also includes a review
of micro and macro factors essential for the existing market players
and new entrants along with detailed value chain analysis.
Reasons
for Buying this Report
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report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
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- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
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