Press release
Global Gaskets and Seals Market Size and Forecast to Grow at a CAGR of 5.4% By 2026
As per Future Market Insights forecast, the global gaskets and seals market is estimated to be valued at nearly US$ 63 Bn in the year 2017 and is expected to touch a figure of nearly US$ 102 Bn by the year 2026, representing a CAGR of 5.4% in terms of value during the forecast period. The global gaskets and seals market is projected to create an incremental dollar opportunity of nearly US$ 42 Bn between 2016 and 2026.
Complete Report Details @ https://www.marketresearchreports.biz/reports/1287920/gaskets-and-seals-automotive-end-market-research-reports
Increasing need to improve performance/efficiency of engineering equipment is boosting the global market for gaskets and seals
There is a significant loss of material and additional losses in the form of labour and material cost of repair due to the leakages caused in various industrial equipment. In addition, a significant chunk of energy is wasted coupled with environmental losses that affect the bottom line of the industry adversely. Sales are also impacted due to the downtime caused by such leaking industrial equipment and leading to other malfunctions. Also, if things go wrong badly, an industrial accident may occur due to the leaking industrial equipment and this may lead to irreparable damage to the brand image of the concerned company and claims for personal injury will translate into heavy financial losses. In order to avoid such situations, and to increase the overall efficiency of the machine systems, there is an increasing need from end-user industries to properly manage gaskets and seals usage during their process systems and operations.
Request For Sample Report @ https://www.marketresearchreports.biz/sample/sample/1287920
Customisation in product offerings offers a great opportunity in the global gaskets and seals market
Presently, new materials are being used to produce newer types of gaskets and seals for various end use applications and this makes the global market for gaskets and seals attractive. There is an inherent demand for integrated gaskets and seals, which can offer superior mechanical, physiochemical as well as desirable electrical properties and this market is expected to gain traction in the coming years. The ability of manufacturers to respond to such kind of demand for new product types and materials is expected to create significant growth opportunities in the global gaskets and seals market. In addition, signing long-term contracts with direct end users can provide opportunities for uninterrupted revenue flow and profit generation in the global gaskets and seals market.
View Sample PDF @ https://www.marketresearchreports.biz/reports/1287920/gaskets-and-seals-automotive-end-market-research-reports.pdf
Introduction of 3-D printing to manufacture gaskets and seals is an upcoming trend
Various end users of gaskets and seals are demanding customised and high end products. The leading market players are responding by developing and applying novel technologies for producing superior quality products. For example, in March 2017, Stratasys Ltd, a company involved in 3D printing solutions, introduced two new materials for 3D printing namely, FDM Nylon 12CF that is a carbon-fibre reinforced thermoplastic; and Agilus30, a line of flexible and tear resistant material for polyjet 3D printing. Agilus30 can also be used for producing gaskets and seals through the process of 3D printing.
Have Any Query? Ask Our Expert @ https://www.marketresearchreports.biz/sample/enquiryBuy/1287920
Global Gaskets and Seals Market Attractiveness Analysis, by End Use Industry
By end use industry, with a market attractiveness rating of 5.0, the Machinery segment is expected to be a relatively attractive segment over the forecast period. The growing use of machine equipment in various manufacturing sectors and in the oil & gas industry is expected to drive the growth of this segment. The Electrical and Electronics industry segment is inclined towards moderate growth and possesses a moderate share of the market; and is expected to inch towards the high growth region owing to the recent developments to fulfil the increased demand for sealants in electrical gadgets. The Automotive industry segment is projected to register a significant CAGR of 5.1% over the forecast period. Increasing automotive production across specific regions and the growing demand for cylinder head gaskets and body seals is expected to drive the growth of this segment.
Development of novel materials to produce gaskets and seals with superior characteristics is an upcoming trend in the global gaskets and seals market
Sealing at high temperatures and in tough operating conditions has always remained a challenge for end users and even for gaskets and seals suppliers. If standard materials such as expanded graphite are used to manufacture gaskets and seals, such standard materials cannot perform reliably for extended time periods under harsh operating conditions. Industries that require fluid catalytic cracking, fertilizer production, ethylene production, flare systems, power generation, etc. are subject to high temperature processes where gaskets and seals with enhanced characteristics are needed. In order to meet the demand for high performance gaskets and seals from such industries, manufacturers are involved in the development of new materials that can perform efficiently under tough conditions. On such lines, research and development is focussing on developing a combination of metal, elastomer, fibres, etc. that can provide the required properties to give the desired performance in tough conditions.
About us
MarketResearchReports.biz is the most comprehensive collection of market research reports. MarketResearchReports.Biz services are specially designed to save time and money for our clients. We are a one stop solution for all your research needs, our main offerings are syndicated research reports, custom research, subscription access and consulting services. We serve all sizes and types of companies spanning across various industries.
Contact Us
State Tower
90 State Street, Suite 700
Albany, NY 12207
United States
Tel: +1-518-621-2074
Website: http://www.marketresearchreports.biz/
Email: sales@marketresearchreports.biz
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Gaskets and Seals Market Size and Forecast to Grow at a CAGR of 5.4% By 2026 here
News-ID: 707746 • Views: …
More Releases from MarketResearchReports.biz
Hydro-flyers Market: Moving Towards a Brighter Future
A hydro-flyer is an adventure sporting device which uses the propulsion of water jet technology to create continuous flight movement, where the lift and movement are controlled by the flyer. Hydro-flyers sporting devices make use of the flow of water power to drive the flyer to reach soaring heights. The rise in water sporting facilities is one of the major factors that promote the growth and demand for hydro-flyers in…
Outdoor Floodlights: Technology and Market Dynamics
Outdoor floodlights is a reliable, highly efficient, and economical solution for a wide range of outdoor applications. These lights are resistant to temperature fluctuations and they remain stable even in extreme climatic conditions. Unlike the traditional lights, floodlights remain stable and functional even in harsh climatic conditions. This makes them ideal for use in any climate and any outdoor application. Outdoor floodlights save a significant amount of energy and consume…
Snow Helmets Market Future Prospects and Regional Outlook
Riders are riding faster and getting bolder day by day. Hence, safety equipment need to be updated as per the requirement and changing time. Earlier, helmets were primarily used by extreme skiers and racers. They were used only on slopes. However, later, the use of helmets was made compulsory. Earlier, bulky black helmets were used by riders, which are outdated at present. Currently, new stylish helmets that can match with…
Predictions for 2019: Global Sparkling Water Dispensers Industry Is Set to Boom
Sparkling water dispensers are equipment used for dispensing carbonated water. These dispensers mix the still, filtered water with carbon dioxide before dispensing. Sparkling water dispensers are mostly used in households and commercial establishments such as amusement parks, hotels, restaurants, and sports arenas. A sparkling water dispenser has separate outlets for hot water and cold water. The hot water outlet does not require a separate filtration process. However, cold water is…
More Releases for Gaskets
Global Industrial Gaskets Market Size & Trends
According to a new market research report published by Global Market Estimates, the global industrial gaskets market is projected to grow at a CAGR of 5.9% from 2023 to 2028.
The growth of the global industrial gaskets market is attributed to the increasing industrialization, growing energy and power sector, increasing demand for industrial gaskets from industries such as oil and gas, chemicals, and automotive, driven by the need for leak-proof sealing…
Gaskets Market, By Type (Contact Gaskets, and Contactless Gaskets),growing with …
The global gaskets market is expected to gain significant growth in the forecast period of 2023 to 2030. Data Bridge Market Research analyses that the market is growing with a CAGR of 4.4% in the forecast period of 2023 to 2030 and is expected to reach USD 29,083.60 Million by 2030. The major factor driving the growth of the Gaskets is the rising demand from the automobile industry. Industrial gaskets…
North America Gaskets Market By Type (Contact Gaskets, and Contactless Gaskets), …
North America gaskets market is expected to gain significant growth in the forecast period of 2023 to 2030. Data Bridge Market Research analyses that the market is growing with a CAGR of 4.3% in the forecast period of 2023 to 2030 and is expected to reach USD 9,139.73 million by 2030. The major factor driving the growth of the gaskets is the rising demand from the automobile industry. Industrial gaskets…
Gaskets and Seals Market Demand, Overview, Size, Trend | SKF , Dana Ltd., Crown …
Global Gaskets and Seals Market report from Global Insight Services is the single authoritative source of intelligence on Gaskets and Seals Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories,…
Gaskets and Seals Market to Benefit from Growing Adoption of Metallic Gaskets in …
Rapid rise in the rate of urbanization is expected to lead the gaskets and seals market trends during the forecast period. According to the UN Department of Economic and Social Affairs (UN DESA), currently 55% of the world’s population lives in urban areas. By 2050, close to 68%, or 2.5 billion people, will settle in urban spaces, with Asia and Africa accounting for 90% of this rise. The main factors…
Rear Axle Shafts, Cork Gaskets, Cork Gaskets India, Cork Rubber Sheet Companies, …
The BNT Talbros Engineering Limited is part of the Tabors Group that traces its history to pre-partition India. Talbros Engineering Limited started making axle shafts in 1980. From humble beginnings the scale has moved to 3,000 axle shafts per day and crossed the level of 1 million shafts annually in 2008. The Company is chosen choice of the leading viable Vehicles in India. Unlike other manufacturers who also make axle…
