Gaskets and Seals Market Size and Key Trends in Terms of Volume and Value 2020

Deerfield Beach, FL -- (SBWire) -- 07/21/2016 --Gaskets are component placed between two stationary machine parts to avoid leakage. Seals are assemblies placed between two moving parts of machines to prevent effusion of any vapor, liquid or gas. Seals protects from insertion of dirt, contamination and pollution and environmental damage. Gasket integrates to any misalignment or irregularities on the surface, providing complete seal.

Gaskets and seals are widely used in automobiles, manufacturing plants, machineries and others. Rapid industrialization and growing urbanization drives the gaskets and seals market. Attributes like high compression and sustain high heat and pressure are anticipated to show accelerate growth of gaskets and seals market. However, replacement of mechanical components by the electrical components is expected to impede the growth of gaskets and seals market. Nevertheless, use of light weight mechanical components is likely to open new market avenues in the near future.

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The report provides a comprehensive view on the gaskets and seals market we have included a detailed value chain analysis. To understand the competitive landscape in the market, an analysis of Porter's Five Forces model for the gaskets and seals market has also been included. The study encompasses a market attractiveness analysis, wherein product segments are benchmarked based on their market size, growth rate and general attractiveness. The report also analyzes several driving and restraining factors and their impact on the market during the forecast period.

Ring joints, cork gasket, metallic gaskets, spiral wound gaskets, rubber gasket and non-asbestos gasket among others are some of the types of gaskets, while rotary seal, lip seal, mechanical seal and o-ring seal among others are types of seals. Based on the materials, gaskets and seals market is segmented into graphite, rubber gasket, fiber, silicone gasket and PTFE among others. Some of the key end users for gaskets and seals include marine and rail, electronics and electrical, automotive, machinery and aerospace among others.

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Geographically, gaskets and seals market has been segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Extensive growth of industrial sector in Asia-Pacific majorly in India and China leads growth of the gaskets and seals market. North America followed by Europe is estimated to experience fastest growth of gasket and seals market.

Datwyler Holding Inc., Freudenberg Sealing Technologies, Flowserve Corporation, Gmbh & Co. Kg, Victor Gaskets India Limited, Smiths Group PLC, Federal-Mogul Holdings Corporation and Dana Holding Corporation among others are the major key participants for gaskets and seals market.

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This report segments the gaskets and seals market as follows:

Gaskets and Seals Market: Type Segment Analysis

Gaskets
Ring joints
Cork gasket
Metallic gaskets
Spiral wound gaskets
Rubber gasket
Non-asbestos gasket
Other
Seals
Rotary seal
Lip seal
Mechanical seal
O-ring seal
Other

Gaskets and Seals Market: Material based Segment Analysis

Graphite
Rubber gasket
Fiber
Silicone
PTFE
Other

Gaskets and Seals Market: End user Segment Analysis

Marine and Rail
Electronics and Electrical
Automotive
Machinery
Aerospace
Other

Gaskets and Seals Market: Regional Segment Analysis

North America
U.S.
Europe
UK
France
Germany
Asia-Pacific
China
Japan
India
Latin America
Brazil
Middle East & Africa

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