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International Gasket and Seals Market 2020 – Key Vendors Landscape, Trends, Challenges, and Drivers, Analysis, & Forecast

International Gasket and Seals Market 2020 – Key Vendors Landscape, Trends, Challenges, and Drivers, Analysis, & Forecast

Satprnews.com Report

The Gasket and Seals Market research report is a professional and in-depth study on the current state also focuses on the major drivers and restraints for the key players. Global Gasket and Seals Market is Projected to grow at 5.7% CAGR during the period 2016-2020. Gasket and Seals Industry research report also provides granular analysis of the market share, segmentation, revenue forecasts and geographic regions of the market.

Seals and gaskets play a vital role in any assembly process. These components are widely used to fit two mating surfaces to prevent leakage.

Seals

A seal is used to control leakage of liquids or gases in the automotive, manufacturing, aerospace, electrical and electronics and petrochemical industries. Seals help in reducing problems associated with pollution due to leakage of contaminants, corrosion, and fatigue, which can destroy equipment leading to reduction of efficiency; increase in cost; and product loss.

Gaskets

The gasket is a type of static seal, which is specifically used to provide a barrier between mating surfaces of mechanical assemblies. Gaskets are used to retain internal pressures and prevent liquids, gasses, and contaminants to escape from assemblies.

Browse Detailed TOC, Tables, Figures, Charts and Companies Mentioned in Global Gasket and Seals Market Research Report @

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The Gasket and Seals Market research report covers the present scenario and the growth prospects of the global Gasket and Seals industry for 2016-2020.

Key Vendors of Gasket and Seals Market:

  • Boyd Corporation
  • Dana Holding Corporation
  • ElringKlinger AG
  • Federal-Mogul Corporation
  • SKF Group

And many more…

Gasket and Seals market report provides key statistics on the market status of the Gasket and Seals manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Gasket and Seals industry.

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Market Drivers:

  • High demand from automotive industry
  • Stringent environmental regulations
  • For a full, detailed list, view our report

Market Challenge:

  • Design and installation issues
  • Specific requirements of end-user industries
  • For a full, detailed list, view our report

Market Trend:

  • Condition monitoring of seals
  • Growing penetration of renewable energy
  • For a full, detailed list, view our report

The Gasket and Seals market report also presents the vendor landscape and a corresponding detailed analysis of the major vendors operating in the Gasket and Seals industry. Gasket and Seals market report analyses the market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, and Gasket and Seals market demand and supply scenarios.

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Geographical Regions of Gasket and Seals market:

  • Americas
  • APAC
  • EMEA

Key leading countries:

  • US
  • China

Key questions answered in Gasket and Seals market report:

  • What are the key trends in Gasket and Seals market?
  • What are the Growth Challenges of this market?
  • What will the market size & growth be in 2020?
  • What are the key factors driving this market?
  • Who are the key vendors in this market space?
  • How key drivers and challenges impact this market?
  • What are the strengths and weaknesses of the key vendors?
  • What are the Gasket and Seals market opportunities, market risk and market overview?
  • How revenue of this Gasket and Seals market in previous & next coming years?

The report then estimates 2016-2020 market development trends of Gasket and Seals market. Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out. In the end, the report makes some important proposals for a new project of Gasket and Seals market before evaluating its feasibility

Use of Gaskets and Seals in EVs and HEVs Will Significantly Drive the Global Gasket and Seals Market Until 2020, Says Technavio

According to the latest market research report by Technavio, the global gasket and seals marketis expected to reach close to USD 29 billion in revenue by 2020.

In this report, Technavio covers the present scenario and growth prospects of the global gasket and seals market for 2016-2020. To calculate the market size, the report considers the demand for seals and gaskets from end-users such as automotive, industrial machinery, electrical and electronics, and others.

“In electric vehicles, gaskets and seals are used in battery systems. Battery packs in vehicles are placed inside panels that comprise upper and lower housing. Gaskets or seals are used to separate these sections, and prevent ingress of particles and liquids into these housing sections. They have similar application in hybrid vehicle battery systems, which is extremely sensitive to temperature changes,” said Soumya Mutsuddi, one of Technavio’s lead industry analysts for tools and components research.

“The global HEV market saw sales rise from 1.1 million units in 2010 to 1.36 million units in 2014, with Japan accounting for 47.37% of the total sales. The US accounted for a share of 33.32%. Such trends mean that the demand for gaskets and seals designed for use in EVs and HEVs will rise and contribute to the growth of the market,” added Soumya.

Global gasket and seals market by geography 2020

  • APAC 39.8%
  • Americas 31.6%
  • EMEA 28.6%

Source: Technavio research

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Gaskets and seals market in APAC: largest region

The demand for gaskets and seals in APAC is slated to grow during the forecast period owing to a rise in the demand from the automotive industry in markets such as China and India. These countries show high demand and production of automobiles. New vehicle production facilitates the demand for gaskets and seals, and aftermarket sales adds to this demand.

China is a major vehicle producer globally. The country registered a total production of close to 24.5 million vehicles including passenger and commercial vehicles in 2015 compared to 23.7 million vehicle production in 2014, an increase of 3.26%. These trends are predicted to help propel the overall gaskets and seals market during the forecast period.

Gaskets and seals market in the Americas: second largest region

The gaskets and seals market in the Americas was valued at USD 9.35 billion in 2015. The mining industry of Canada is also a potential end-user of this market. It is a major producer of gold, and its gold mines are mostly located in the Ontario province. Canada government is planning to increase the export of these mined natural resources to Asia, thus leading to exploration activities and development of new mines. The Central and South America region is also witnessing growing investments in mining owing to the highly prospective geology, reduced cost profile, and encouraging mining environment. All of these will significantly boost the demand for gaskets and seals in the Americas.

Gaskets and seals market in EMEA

The market in Europe is highly affected by the demand for gaskets and seals from coal and natural gas plants. The EU sees increase in measures to cut air pollution. Also, use of fossil fuels saw a decline owing to the UK’s carbon price floor that sets a minimum cost on power plant emissions.

Technavio researchers expect a steady market growth in the region owing to the shift in power generation from conventional sources to renewable energy sources such as solar, wind, and geothermal during the forecast period.

Browse related reports:

Gasket and Seal Market in the US 2015-2019

Global Automotive Head Gasket Market 2015-2019

Global Mechanical Seals Market – Industry Analysis 2015-2019

Purchase these three reports for the price of one by becoming a Technavio subscriber. Subscribing to Technavio’s reports allows you to download any three reports per month for the price of one. Contact enquiry@technavio.com with your requirements and a link to our subscription platform.

About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

Use of Gaskets and Seals in EVs and HEVs Will Significantly Drive the Global Gasket and Seals Market Until 2020, Says Technavio