Friday, April 8th, 2016 - WiseGuyReports adds“Global Gasket and Seals Market Analysis to 2016 & Forecast to 2020”reports to its database. We can offer you discount on this report.

This market research study presents a detailed segmentation of the global gaskets and seals market by end-user (automotive, industrial machinery, electrical and electronics, and others) and by geography (Americas, APAC, and EMEA). The key vendors identified in the market are Boyd Corp, Dana Holding, ElringKlinger, Federal-Mogul, and SKF.

Outlook of the gaskets and seals market 
Technavio’s market research analysts have predicted the global gaskets and seals market to grow steadily at a CAGR of more than 5% over the forecast period. The imposition of stringent environmental regulations is one of the most important factors driving the growth of this market. Growing fuel efficiency norms are driving the demand for gaskets and seals as essential components in the automobile, pharmaceutical, chemical, oil and gas, mining, and water and wastewater management industries. Moreover, several international organizations and government agencies in various countries like US EPA have implemented strict rules and standards for the mining, refining, oil and gas, power, and chemical industries to control toxic emissions, ensure safety in operations, and prevent gas and fluid leakage through pipes, boilers, and other equipment. These developments are expected to lead to an augmented demand for superior quality gaskets and seals in the coming years.

In this industry research report, the analysts have estimated factors such as the increasing adoption of renewable sources of energy will drive this market over the predicted period. Gaskets and seals are employed in systems that harness renewable energy sources such as solar, wind, geothermal, and solar thermal for power generation. Therefore, the increasing focus toward sustainable development and the use of renewable sources of energy will propel this market’s growth prospects over the predicted period.


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Segmentation by end-user and analysis of gasket and seals market 
-Industrial machinery 
-Electrical and electronics 
During 2015, the automotive segment dominated the gasket and seals market and accounted for more than 36% of the market share. Gaskets and seals are used extensively in automobile engines. They play a pivotal role in not only increasing in the lifespan of automotive components but also helps in reducing maintenance costs. With the increase in stringent emission standards, such as CAFE and NEDC, vehicle manufacturers are required to ensure that their vehicles cause the least GHG emissions possible, thereby propelling this segment’s growth prospects during the predicted period.

Geographical segmentation and analysis of the gasket and seals market 
The APAC region dominated the global gasket and seals market and will generate revenues of over USD 16 billion by the end of 2020. Factors such as a rise in demand from the automotive industry from emerging economies like India and China will drive the market in the region during the predicted period. Moreover, the growth of the construction and infrastructure market in APAC will also fuel the demand for gaskets and seals in the coming years.

Competitive landscape and key vendors 
The global gasket and seals market is very competitive and is characterized by the presence of several well-established global, regional, and local suppliers. The vendors are focused on developing and modifying their marketing and distribution channels to enhance their product placement in the market. Vendors compete on the basis of innovation, price, quality and performance, and customer-centrism


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Key vendors in the market are -

-Boyd Corp 
-Dana Holding 
Other prominent vendors in the market include James Walker, Flowserve, Timken, Henniges Automotive Sealing Systems, Elring Klinger, Hutchinson, Parker Hannifin, SIEM Supranite, John Crane, and Lamons.

Key questions answered in the report include 
-What will the market size and the growth rate be in 2020? 
-What are the key factors driving the global gasket and seals market? 
-What are the key market trends impacting the growth of the global gasket and seals market? 
-What are the challenges to market growth? 
-Who are the key vendors in the global gasket and seals market? 
-What are the market opportunities and threats faced by the vendors in the global gasket and seals market? 
-Trending factors influencing the market shares of the Americas, APAC, and EMEA. 
-What are the key outcomes of the five forces analysis of the global gasket and seals market?


For more information or any query mail at [email protected]


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