DUBLIN--(BUSINESS WIRE)--The "Gaskets and Seals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering.
The global gaskets and seals market reached a value of US$ 67.7 Billion in 2018. Looking forward, the market is forecast to reach a value of US$ 90.3 Billion by 2024, registering a CAGR of around 5% during 2019-2024.
The thriving automotive industry, along with the increasing product utilization in the plumbing and construction sector, represent the key factors driving the market growth. Owing to rising industrialization and rapid urbanization across the globe, there is a significant increase in the number of manufacturing plants and factories that use gaskets and seals.
The automotive industry extensively utilizes the products to avoid the leakage or spillage of fluids and gases. Furthermore, gaskets are used in engines to maintain pressure and prevent contaminated particles from permeating, whereas seals are used as shock absorbers. They can also sustain extreme pressures, compressive loads and temperature variations due to which they are used in various sealing machines and equipment in the manufacturing sector.
Moreover, the growth of the e-commerce platform that provides direct and third-party operated distribution channels to the manufacturers is also contributing to the market growth.
The report has also analyzed the competitive landscape of the market with some of the key players being AB SKF, Dana Incorporated, ElringKlinger, Flowserve, Trelleborg, Freudenberg Sealing Technologies, Federal-Mogul, Smiths Group, BRUSS Sealing Systems, Cooper Standard Holding, Garlock Sealing Technologies, Daetwyler Holding, etc.
Key Questions Answered in This Report
- How has the global gaskets and seals market performed so far and how will it perform in the coming years?
- What are the key regional markets in the global gaskets and seals industry?
- What is the breakup of the market based on the product?
- What is the breakup of the market based on the material?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the end-use?
- What are the various stages in the value chain of the global gaskets and seals industry?
- What are the key driving factors and challenges in the global gaskets and seals industry?
- What is the structure of the global gaskets and seals industry and who are the key players?
- What is the degree of competition in the global gaskets and seals industry?
Key Topics Covered
2 Scope and Methodology
3 Executive Summary
4.2 Key Industry Trends
5 Global Gaskets and Seals Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Product
5.4 Market Breakup by Material
5.5 Market Breakup by Application
5.6 Market Breakup by End-use
5.7 Market Breakup by Region
5.8 Market Forecast
6 Market Breakup by Product
7 Market Breakup by Material
8 Market Breakup by Application
8.2 Industrial Machinery
8.3 Electrical and Electronics
8.4 Marine & Rail
8.6 Oil & Gas
8.7 Chemicals & Petrochemicals
9 Market Breakup by End-use
10 Market Breakup by Region
10.1 Asia Pacific
10.3 North America
10.4 Middle East and Africa
10.5 Latin America
11 SWOT Analysis
12 Value Chain Analysis
13 Porter's Five Forces Analysis
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 AB SKF
14.3.2 Dana Incorporated
14.3.6 Freudenberg Sealing Technologies
14.3.8 Smiths Group
14.3.9 BRUSS Sealing Systems
14.3.10 Cooper Standard Holding
14.3.11 Garlock Sealing Technologies
14.3.12 Daetwyler Holding
For more information about this report visit https://www.researchandmarkets.com/r/fwxbwo