Sealing Gasket is a mechanical seal which fills the space between two or more mating surfaces, generally to prevent leakage from or into the joined objects while under compression.
The sealing gasket industry has got a steady positive development in the past five years. From 2012-2017 the average growth rate of global production of sealing gasket is 4.88% %. In 2012, the global production of component sealing product is over 1895 million units, while in 2016, the total production is over 2545 million units.
Global sealing gasket industry is not vary concentrated. Many manufacturers compete in the market,the leading manufactures are ElringKlinger, Freudenberg Sealing Technologies, Trelleborg and The Flexitallic Group. The top 5 manufacturers occupied 22.83% of the total matket.
Asia-Pacific remains the largest market for sealing gasket sales with a market share of 25.56%, followed by Europe and China, with market share of 23.84% and 19.89%
According to this study, over the next five years the Sealing Gasket market will register a 8.1% CAGR in terms of revenue, the global market size will reach USD 12800 million by 2024, from USD 8690 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Sealing Gasket business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Sealing Gasket market by product type, application, key manufacturers and key regions and countries.
This study considers the Sealing Gasket value and volume generated from the sales of the following segments-
Segmentation by product type- breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Segmentation by application- breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
This report also splits the market by region- Breakdown data in Chapter 4, 5, 6, 7 and 8.
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report- Breakdown data in in Chapter 3.
Freudenberg Sealing Technologies
The Flexitallic Group
W. L. Gore and Associates
Sanwa Packing Industry
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Sealing Gasket consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Sealing Gasket market by identifying its various subsegments.
Focuses on the key global Sealing Gasket manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Sealing Gasket with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Sealing Gasket submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.