市場調查報告書
商品編碼
1107775
墊圈、密封材料的全球市場預測(~2028年):各材料類型(非金屬,半額屬,金屬),各產品(密封,墊圈),各用途,各終端用戶,各地區的分析Gaskets and Seals Market Forecasts to 2028 - Global Analysis By Material Type (Non-Metallic, Semi-Metallic, Metallic), Product (Seals, Gaskets), Application, End User, and By Geography |
全球墊圈、密封材料的市場規模,從2022年的592億6,000萬美元,預計到2028年達到845億4,000萬美元,在預測期間內預計以6.1%的年複合成長率成長。
本報告提供全球墊圈、密封材料市場相關調查分析,市場市場趨勢,各材料類型,各車輛類型,各產品,各用途,各流通管道,各終端用戶,各地區的市場分析,再加上主要企業簡介等資訊。
According to Stratistics MRC, the Global Gaskets and Seals Market is accounted for $59.26 billion in 2022 and is expected to reach $84.54 billion by 2028 growing at a CAGR of 6.1% during the forecast period. Gasket and seals are the materials utilized to prevent the passage of any foreign media forward and backward, the joined object while under compression. Gaskets and seals are utilized to fill the space between two or more mating surfaces, generally to prevent leakage. Seals assist in stopping the leakage from the bearings and keep dust and other impurities out of the equipment.
The automotive industry extensively utilizes the products to avoid the leakage or spillage of fluids and gases. The automotive application accounted for the largest revenue share in 2021 due to the wide scope of application of seals in interiors coupled with the growing affinity of consumers toward electronics in automobiles. According to the India Brand Equity Foundation, automobile exports reached 4.13 million vehicles in FY21, growing at a CAGR of 3.47% during FY16-FY21. Two-wheelers (79.38%), passenger vehicles (9.79%), and three-wheelers (9.52%) made up the majority of exports from India.
Driver:
Increasing leakage from various industrial equipment
Various industrial equipment goes through leakage and can result in huge loss of material and indirect loss, in terms of labor and material expense of repair, environmental losses, wasted energy, sales because of downtime, etc. Both direct and indirect losses can cause a negative impact on an organization's activity in terms of revenue generation as well as diminishing the brand image in case of industrial accidents and claims for personal injury. The gaskets and seals are utilized in vehicles to prevent fluid and gas leakages. They seal the gaps between the vehicle components in order to prevent leakage, which is driving the market growth.
Restraint:
High cost
The manufacturing process is expensive because of the high prices of the raw materials and accordingly the global automotive, gaskets, and seals market has slow development. Additionally, improvisation of machine design because of the increasing requirement for compact, efficient, and high-performance processes has resulted in the requirement of highly customized gaskets and seals, which increases the overall cost.
Opportunity:
Technological advancements
With technological advancements in the automobile sector and the requirement for improved fuel efficiency and increased vehicle performance to automotive gaskets and seals, the market is likely to grow. The manufacturers in this industry are focusing on developing materials that will utilize lesser fuel and that can endure extreme heat and pressure. So customizing the product according to the needs of the market is a good opportunity, also offering the products at competitive prices is another opportunity in the global market.
Threat:
Design and the material related to the manufacturing
Improvisation has to be made in order to design compact and the product efficient. For high-performance processes, there's a need for highly customized gaskets and seals, so this is quite difficult for the market growth. The modification in shape, size, or design also needs a change in the material of construction used for manufacturing gaskets and seals. The utilization of materials like expanded graphite, for manufacturing seals, is not reliable to use for an extended period of time. Limited availability of installation, manufacturing, service, and safety data for newly developed gasket and seals further poses challenges during working with them.
The seals segment is expected to be the largest during the forecast period
The seals segment is estimated to have a lucrative growth owing to the rise of automobile and electronics production driving the demand for mechanical seals. A machine comprising of a large vessel and a rotating shaft at the center of the vessel also requires the installation of mechanical seals. Thus, they have a wide range of applications in the oil & gas sector, such as upstream or downstream exploration and midstream transportation.
The electrical & electronics segment is expected to have the highest CAGR during the forecast period
The electrical & electronics segment is anticipated to witness the fastest CAGR growth during the forecast period due to the increasing investment and innovation leading to a rise in the digital economy. An increase in the production of electronic appliances, such as smartphones, watches, refrigerators, and TVs, backed by the growing consumer spending, is expected to drive the product demand.
Region with highest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to the robust economic growth, a large number of passenger and commercial vehicles, increased business investment spending, and strong gains in manufacturing output. As there is an increase in the demand for the vehicles there is an increased production of electrical vehicles, there has been major growth in the market.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period due to improvements in both the internal combustion of the engine and the electric vehicle segment growth. The stringent environmental regulations implemented in the region promote the use of gaskets and seals to avoid leakage and prevent the lubricant from escaping the bearings.
Some of the key players profiled in the Gaskets and Seals Market include Smiths Group Plc, Garlock Sealing Technologies LLC, Freudenberg Sealing Technologies, Crown Gaskets Pvt. Ltd., ElringKlinger AG, Dana Ltd., Cooper Standard, Bruss Sealing System GmbH, Flowserve Corp., SKF and Federal-Mogul Powertrain.
In Sep 2019, Freudenberg Sealing Technologies launched a new generation of conductive seals designed to ensure a durable electrical connection between housings and shafts while preventing bearing damage caused by electricity and electromagnetic radiation..
In May 2018, Federal-Mogul Powertrain introduced a piston ring eLine™ for commercial vehicle diesel engines that will enhance gas sealing capability, also enhancing engine efficiency, increased robustness and lower emissions.
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All the customers of this report will be entitled to receive one of the following free customization options:
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.