The global Gasket Sealant Market size was valued at USD 56.93 billion in 2022, and is projected to grow at a CAGR of 4.7% over the forecast period 2022 to 2030.
Gasket Sealant Market Overview:
The use of advanced materials in manufacturing gasket sealants for critical applications including aircraft manufacturing, medical equipment and chemical processing is expected to drive the market growth during the forecast period. The global gasket sealants industry has experienced limited growth due to waning investor confidence and contraction in industry activity as a result of the COVID-19 crisis-induced economic downturn. As a result, the gasket and seal materials market has also been hit hard. The COVID-19 pandemic in the United States has impacted the growth of industrial operations. Stay-at-home guidelines and social distancing orders have also impacted product demand. In the United States, the automotive segment accounted for the largest market share in 2021 and is expected to grow at a CAGR of 3.3% during the forecast period. Gasket sealants are designed to ensure performance efficiency and help manufacturers adhere to stringent specifications and standards.
Gasket Sealant market size estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Gasket Sealant market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and other global crisis.
The Gasket Sealant market research report is categorized based on type, applications and region.
Market Key Players:
Henkel, Permatex, Deacon Industrie, Temati, 3M, Ellsworth Adhesives, DME Company, Emerson Bearing, Epoxies, Farnell Europe, Glotrax Polymers, Hernon Manufacturing, Hi-Tech Seals, and others.
- Liquid Sealant
- Anaerobic Sealant
Geographically, the global Gasket Sealant market has been analysed in various regions such as North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA).
Asia Pacific led the market and accounted for the largest share of over 44.5% of global sales in 2021. Factors such as strong economic growth, rising business investment spending, and strong growth in manufacturing output have been driving the market growth. Especially in countries like China and Japan. The insulation market in North America is heavily influenced by stringent guidelines from the Environmental Protection Agency (EPA) and the growing need to reduce harmful emissions from rotating equipment across industrial sectors. Additionally, the chemical, oil and gas, food and beverage, and pharmaceutical industries require superior sealing solutions to prevent contamination of the final product.
Europe also accounted for a significant market share in 2021. The market is a major producer of cleaner vehicles, which use less water and energy to manufacture vehicles and produce less waste and CO2. Strict environmental regulations enforced in the region encourage the use of gasket sealants to prevent leakage and escape of lubricant from bearings. The market in the Middle East region is expected to register a prominent CAGR from 2022 to 2030, owing to increasing government investments in expanding indigenous manufacturing capacities. Additionally, the Middle East region is one of the major contributors to the global aerospace MRO industry, driving the market growth.
- North America
- Rest of North America
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia-Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
Gasket Sealant Market report scope
Key Takeaways from this Gasket Sealant Report
- Estimate Gasket Sealant market potential through analysing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, applications and by different industry verticals.
- Understand the supply chain in depth on the value growth at each step, in order to optimize value and bring effectiveness in your processes.
- Know the different dynamics affecting the market - challenges, key driving factors and opportunities.
- Get a quick viewpoint on the Gasket Sealant market entropy - M&A's, deals, partnerships, product launches of all key companies for the historical 5 years.
- Estimate the supply-demand gaps, import-export data and regulatory landscape for more than top 20 countries worldwide for the market.
- Get complete insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
- Study the sales and distribution channels over key geographies to improve top-line revenues.
Frequently Asked Questions
At what CAGR is the Gasket Sealant market projected to grow in the forecast period 2022 to 2030?
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What are the applications of Gasket Sealant market?
Who are the top players in Gasket Sealant market?
Which application segment is expected to drive the growth of the Gasket Sealant market in the next 5 years?
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