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A sealing gasket is also called a packing or mechanical gasket. Material such as rubber, silicone, spiral wound, PTFE, or metal is utilized for the production of the product. The main purpose of sealing a gasket is to fill the space between two or more mating surfaces. Moreover, the product contributes to preventing possible environmental leaks preserving and providing security to industrial processes. The sealing gasket also offers temperature resistance, excellent packaging solution, and durability. The product finds its use in a wide variety range of applications such as motors, equipment, and transfer of fluids.
The rising demand for sealing gaskets for the transfer of fluids and from the automotive industry will fuel the market growth. The demand is attributed to its chemical resistance, low-temperature resistance, low coefficient of friction, resists decay, and non-contamination properties. The sealing gasket is highly utilized for the transfer of various fluids such as air, water, lubricants, and also oils, gas, fuels, chemicals, and steam. In the automotive industry, the products are used as a protective seal, which gets fitted between cylinder head and engine block, thereby seal the gap and avoid leakage of engine oil or coolant. Hence, rising product demand will provide sustainable market growth during the forecast timeline.
However, the fluctuation in the prices of sealing gasket hampers the overall prices. Hence, this is anticipated to restrict market growth.
Key Market Driver -
The rising demand of sealing gasket for the fluid transfer and from the automotive industry will drive the market growth.
Key Market Restraint -
Fluctuation in the prices to hamper the market growth
Based on material, the sealing gasket market is segmented into rubber, silicone, spiral wound, PTFE, metal, and others. Based on application, the market is segmented into motors, equipment, transfer of fluids , and others. Based on end-use, the market is segmented into automotive, general equipment, electrical equipment, and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
The key players in the sealing gasket market include Sealmax, Inseal International Pvt. Limited, Hennig Gasket & Seals Inc., V. H. POLYMERS, SAM Engineering & Trade Co., Ltd., Gasket Prodcuts, PAR Group, Creative elastomers, Ginsea, VISCON RUBBER INDUSTRIES, Guangzhou Dms Seals Technology Co.,limited, and RAM Gaskets.
Asia Pacific is anticipated to witness sustainable growth in the sealing gasket market. The growth is attributed to the rising product demand from the automotive industry. The rising demand for rubber gaskets from the electronic industry will fuel the market growth in North America. In Europe, the growth is due to rising product demand from motor and equipment applications. The Middle East & Africa is anticipated to witness significant growth, owing to the rising product demand for the transfer of fluid.
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