Gasket and Seal Materials Market 2020-2024 | Increase in Demand from Developing Countries to Boost Growth | Technavio

Technavio has been monitoring the gasket and seal materials market and it is poised to grow by $ 12.88 bn during 2020-2024, progressing at a CAGR of almost 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global Gasket and Seal Materials Market 2020-2024 (Graphic: Business Wire)

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. AB SKF, Boyd Corp., Dana Inc., EnPro Industries Inc., Freudenberg SE, HEXPOL AB. Parker Hannifin Corp., Stockwell Elastomerics Inc., Tenneco Inc., and Trelleborg AB are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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The increase in demand from developing countries has been instrumental in driving the growth of the market. However, stringent regulations and policies might hamper the market growth.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. https://www.technavio.com/report/report/gasket-and-seal-materials-market-industry-analysis

Gasket and Seal Materials Market 2020-2024: Segmentation

Gasket and Seal Materials Market is segmented as below:

• Type
  • Rubber
  • Fiber
  • Silicone
  • Graphite
  • PTFE
  • Others
• End-user
  • Automotive
  • Industrial Machinery
  • Electrical And Electronics
  • Oil And Gas
  • Chemical
  • Others
• Geographic Landscape
  • APAC
  • Europe
  • MEA
  • North America
  • South America

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Gasket and Seal Materials Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The gasket and seal materials market report covers the following areas:

• Gasket and Seal Materials Market Size
• Gasket and Seal Materials Market Trends
• Gasket and Seal Materials Market Industry Analysis

This study identifies the growing use of gasket and seals to improve the performance of engineering equipment as one of the prime reasons driving the gasket and seal materials market growth during the next few years.

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Gasket and Seal Materials Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist gasket and seal materials market growth during the next five years
• Estimation of the gasket and seal materials market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the gasket and seal materials market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of gasket and seal materials market vendors

Table of Contents:

Executive Summary

• Market Overview

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by End-user

• Market segments
• Comparison by End user placement
• Automotive - Market size and forecast 2019-2024
• Industrial machinery - Market size and forecast 2019-2024
• Electrical and electronics - Market size and forecast 2019-2024
• Oil and gas - Market size and forecast 2019-2024
• Other end-users - Market size and forecast 2019-2024
• Market opportunity by End user

Market Segmentation by Type

• Market segments
• Comparison by Type placement
• Rubber - Market size and forecast 2019-2024
• Fiber - Market size and forecast 2019-2024
• Silicone - Market size and forecast 2019-2024
• Graphite - Market size and forecast 2019-2024
• Other types - Market size and forecast 2019-2024
• Market opportunity by Type

Customer Landscape

• Overview

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2019-2024
• North America - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography

Drivers, Challenges, and Trends

• Market drivers
• Volume driver - Demand led growth
• Volume driver - Supply led growth
• Volume driver - External factors
• Volume driver - Demand shift in adjacent markets
• Price driver - Inflation
• Price driver - Shift from lower to higher priced units
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• AB SKF
• Boyd Corp.
• Dana Inc.
• EnPro Industries Inc.
• Freudenberg SE
• HEXPOL AB
• Parker Hannifin Corp.
• Stockwell Elastomerics Inc.
• Tenneco Inc.
• Trelleborg AB

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

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