Gaskets Market

Gaskets Market Insights

“The global gaskets market size was US$ 8.9 billion in 2024 and is likely to grow at a CAGR of 2.5% in the long run to reach US$ 10.6 billion in 2031.”

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Introduction

Gaskets are essential mechanical components used to provide a leak-proof seal between two mating surfaces, preventing the leakage of gases, liquids, or other substances in various industrial applications. These seals are crucial in industries ranging from automotive and aerospace to manufacturing, energy, and marine. The gasket market is integral to ensuring system efficiency, safety, and environmental protection by preventing fluid and gas leakage in engines, pipelines, and other critical systems.

Gaskets Market Drivers

The gasket market is primarily driven by the continuous expansion of key end-use industries, which require reliable sealing solutions for their systems. In particular, the automotive industry’s shift towards advanced engine technologies, the growing demand for energy-efficient systems, and the expansion of the oil and gas sector have significantly contributed to the market’s growth. Furthermore, rising environmental concerns and stricter regulations regarding emissions and energy consumption have pushed industries to adopt high-performance sealing technologies, including gaskets, to improve efficiency and meet regulatory standards.

Other notable drivers include increasing manufacturing automation, advancements in materials science that enhance the durability and flexibility of gaskets, and the rising demand for electric vehicles (EVs), which require specialized gaskets for battery packs and powertrain systems. As industries evolve, gaskets continue to play a crucial role in ensuring the optimal performance of critical machinery and infrastructure, leading to sustained market demand in the coming years.

Gaskets Market Segments' Analysis

End-Use Industry Insights

“Transportation is expected to maintain domination in the market throughout the forecast period.”

Based on end-use industry type, the gaskets market is divided into transportation, processing, electrical & electronics, mobile machinery, manufacturing tools, energy & power, and other end-use industries.

The transportation industry is expected to maintain its dominance in the gaskets market throughout the forecast period due to the high demand for gaskets in various transportation systems, including automotive, aerospace, railways, and marine vessels. In the automotive sector, gaskets are critical components in engines, exhaust systems, and fuel systems, where they play a vital role in ensuring leak-proof operation and preventing fluid or gas leakage. With the ongoing evolution of the automotive industry towards more advanced, fuel-efficient, and environmentally friendly vehicles, the demand for high-performance gaskets continues to rise. Additionally, the increasing production of electric vehicles (EVs) has opened new opportunities for gaskets in battery packs, powertrains, and other critical systems.

In aerospace, gaskets are used in engines, hydraulic systems, and fuel systems to prevent leaks and ensure safe and efficient operation at high altitudes. The consistent growth in global air traffic and the expansion of airline fleets further drive the demand for gaskets in the aviation sector. Moreover, the increasing need for more efficient and sustainable transportation solutions worldwide, coupled with innovations in manufacturing techniques and materials, is expected to drive further adoption of gaskets across various transportation sectors.

As the transportation industry remains at the forefront of technological advancements, such as electric propulsion systems and fuel-efficient engines, the need for high-quality, durable, and reliable gaskets in various transportation modes will continue to fuel market growth. The ongoing demand for vehicles and transportation systems with reduced emissions and improved fuel efficiency ensures that the transportation sector will maintain its leadership position in the gaskets market for the foreseeable future.

Regional Insights

“Asia-Pacific is expected to be the dominant as well as the fastest-growing market by region during the forecast period.”

The Asia-Pacific is expected to be both the dominant and the fastest-growing market for gaskets during the forecast period due to several key factors driving rapid industrialization, urbanization, and technological advancements across countries in this region.

Asia-Pacific is home to some of the largest and most rapidly expanding automotive markets, particularly in countries like China, India, Japan, and South Korea. The growing production of vehicles, both traditional internal combustion engine (ICE) vehicles and electric vehicles (EVs), is generating significant demand for high-quality gaskets in automotive engines, exhaust systems, powertrains, and battery packs. The shift towards more fuel-efficient and environmentally friendly vehicles, along with increasing consumer demand for cars, is further fueling this growth. Additionally, Asia-Pacific is a hub for manufacturing and industrial activities, which rely heavily on gaskets for various applications, including machinery, processing, and power generation. Countries like China, India, and Japan are experiencing continuous growth in their industrial sectors, with a notable increase in energy production, power plants, and infrastructure projects, all of which require durable gaskets to maintain efficient operations and ensure safety.

In addition to that, the rapid expansion of infrastructure development, particularly in emerging economies like India and China, is also contributing to the region's dominant position in the gaskets market. Large-scale construction projects, particularly in the transportation, energy, and power sectors, are driving the demand for gaskets used in pipelines, HVAC systems, and other critical infrastructure components.

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Key Players

The following are the key players in the gasket market (arranged alphabetically).

• Dana Inc

• ElringKlinger AG

• EnPro Industries

• Flowserve Corporation

• Freudenberg Group

• James Walker & Co.

• Parker Hannifin Corporation

• Tenneco Inc. (Federal-Mogul)

• Trelleborg AB

• Uchiyama Group

Note: The above list does not necessarily include all the top players in the market.

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Report Features

This report provides market intelligence most comprehensively. The report structure has been kept so that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.

• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.

• Market trend and forecast analysis.

• Market segment trend and forecast.

• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.

• COVID-19 impact and its recovery curve.

• Attractive market segments and associated growth opportunities.

• Emerging trends.

• Strategic growth opportunities for the existing and new players.

• Key success factors.

Market Segmentation

The global gaskets market is segmented into the following categories:

By End-Use Industry Type

• Transportation

• Processing

• Electrical & Electronics

• Mobile Machinery

• Manufacturing Tools

• Energy & Power

• Other End-Use Industries

By Region

• North America (Country Analysis: The USA, Canada, and Mexico)

• Europe (Country Analysis: Germany, France, The UK, Russia, and the Rest of Europe)

• Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)

• Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s gaskets market realities and future market possibilities for the forecast period of 2022 to 2027. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)

• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players based on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected]