LONDON--(BUSINESS WIRE)--Global procurement intelligence advisory firm, SpendEdge, has announced the release of their ‘Rubber Gaskets and Seals Market Procurement Research Report.’ The insights and data in this report provide a strategic analysis of the supply markets, factors influencing purchasing decisions, procurement best practices, pricing models, supplier landscape, and an analysis of the supplier capability matrix for the components and spares industry. This report breaks down the data and analysis behind the procurement of rubber gaskets and seals and acts as an all-inclusive guide for making smart purchasing decisions.
“The rise in demand from end-user industries such as oil and gas, pharmaceutical, electronics, and automobile will drive the growth of the rubber gaskets and seals market,” says SpendEdge procurement analyst Bhuvaneshwari Udayakumar. “In North America, the US contributes to more than 55% of the market, owing to the strong demand from the automobile industry,” added Bhuvaneshwari.
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Procurement analysts at SpendEdge highlight the following top three market trends that are contributing to the growth of the Global Rubber Gaskets and Seals Market:
- Increased use of thermoplastic elastomers and high-performance rubbers for manufacturing gaskets and seals
- Customization in product offering associated with rubber gaskets and seals market
- Increased use of LSR to produce molded rubber gasket and seals
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Increased use of thermoplastic elastomers and high-performance rubbers for manufacturing gaskets and seals
In recent years, there has been a surge in the use of TPEs in the food industry for better storage and preservation of food. The buyers in the market are shifting toward TPEs to reduce the hazardous and harmful impact of plastic on the environment.
Customization in product offering associated with rubber gaskets and seals market
It has been estimated that in the coming years, there will be a surge in demand for customized gaskets and seals. This is mainly due to its superior physiochemical, mechanical, and desirable electrical properties.
Increased use of LSR to produce molded rubber gasket and seals
At present, there has been an increase in the use of liquid silicone rubber for hardening gaskets and seals permanently. The increased use of LSR helps in maintaining product quality and stimulates sales for buyers.
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