Market Overview:
The global elastomeric gasket market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for elastomeric gaskets from various end-use industries, such as machinery, electrical & electronic products, aerospace equipment, marine & rail equipment. Elastomeric gaskets are used in these industries owing to their properties such as high temperature resistance and chemical resistance. In addition, the growing demand for lightweight and fuel-efficient vehicles is also contributing to the growth of the global elastomeric gasket market.
Product Definition:
An elastomeric gasket is a type of gasket that is made from an elastomer. An elastomer is a material that can be stretched or compressed and will return to its original shape when the force is removed. Elastomeric gaskets are often used in applications where there are high temperatures or corrosive environments.
Rubber:
Rubber is a natural element found in the latex of plants. The rubber produced from tapping the rubber tree is called natural or crude rubber. It can also be derived from processing synthetic and artificial elastomers. Rubber plays an important role in various end-use industries including automotive, packaging, building & construction, healthcare and consumer goods among others.
The global elastomeric gasket market size was valued at USD 7 billion in 2016.
Thermoplastic Elastomers:
Thermoplastic elastomers (TPEs) are a new class of materials that have been gaining increasing importance in the automotive and packaging industries. They possess excellent resistance to heat, chemicals, and moisture; along with high mechanical strength. TPEs also display good processability for molding & extrusion making them ideal for various end-use applications including seals & gaskets as well as hoses.
Application Insights:
Elastomeric gaskets are used in a wide range of applications including machinery, electrical and electronic products, aerospace equipment, marine and rail equipment. Machinery segment accounted for the largest market share in 2017 owing to the extensive use of elastomeric gaskets in various types of machines such as oil & gas drilling rigs, wind turbines blades and others.
Electrical & electronic products is expected to be one of the fastest-growing application segments over the forecast period due to increasing demand for high-tech devices across various end-use industries globally. In addition, growing use of flexible circuits boards with integrated sensors is anticipated to boost product demand further.
Regional Analysis:
The Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to some of the largest automotive, construction, and manufacturing countries such as China, India, Japan, South Korea and Taiwan. These countries are characterized by a large number of manufacturers with high production capacities as well as skilled labor at low cost.
China has emerged not only as a leading consumer but also one of the biggest producers across various industries owing to its highly adaptive economy coupled with government support for promoting domestic manufacturing activities along with favorable policies regarding FDI investments. This scenario has led China to become one of the major exporters across various industries including machinery & equipment (35%), chemicals (23%) and others (40%). Moreover rising demand from other Asian countries will further propel growth in this region over next eight years.
Growth Factors:
- Increasing demand from the automotive industry
- Growing demand for elastomeric gaskets in construction and engineering applications
- Rising popularity of elastomeric gaskets in the food and beverage industry
- Increasing use of elastomeric gaskets in medical devices and equipment
- Growing demand for elastomeric gasket materials from the aerospace industry
Scope Of The Report
Report Attributes
Report Details
Report Title
Elastomeric Gasket Market Research Report
By Type
Rubber, Thermoplastic Elastomers
By Application
Machinery, Electrical & Electronic Products, Aerospace Equipment, Marine & Rail Equipment
By Companies
Boyd Corporation, Freudenberg Sealing Technologies, Parker Hannifin, Bal Seal Engineering, Tenneco(Federal-Mogul), Flexitallic Group, Garlock Sealing Technology, Trelleborg, Lamons, SKF Group, Boyd Corporation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Elastomeric Gasket Market Report Segments:
The global Elastomeric Gasket market is segmented on the basis of:
Types
Rubber, Thermoplastic Elastomers
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Machinery, Electrical & Electronic Products, Aerospace Equipment, Marine & Rail Equipment
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Boyd Corporation
- Freudenberg Sealing Technologies
- Parker Hannifin
- Bal Seal Engineering
- Tenneco(Federal-Mogul)
- Flexitallic Group
- Garlock Sealing Technology
- Trelleborg
- Lamons
- SKF Group
- Boyd Corporation
Highlights of The Elastomeric Gasket Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Rubber
- Thermoplastic Elastomers
- By Application:
- Machinery
- Electrical & Electronic Products
- Aerospace Equipment
- Marine & Rail Equipment
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Elastomeric Gasket Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An elastomeric gasket is a type of sealant that is made from an elastic material. It is used to create a seal between two surfaces and can be used in many different applications, including automotive, industrial, and medical. Elastomeric gaskets are often preferred over traditional rubber or plastic seals because they are more durable and resistant to heat and moisture.
Some of the major players in the elastomeric gasket market are Boyd Corporation, Freudenberg Sealing Technologies, Parker Hannifin, Bal Seal Engineering, Tenneco(Federal-Mogul), Flexitallic Group, Garlock Sealing Technology, Trelleborg, Lamons, SKF Group, Boyd Corporation.
The elastomeric gasket market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Elastomeric Gasket Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Elastomeric Gasket Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Elastomeric Gasket Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Elastomeric Gasket Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Elastomeric Gasket Market Size & Forecast, 2018-2028
4.5.1 Elastomeric Gasket Market Size and Y-o-Y Growth
4.5.2 Elastomeric Gasket Market Absolute $ Opportunity
Chapter 5 Global Elastomeric Gasket Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Elastomeric Gasket Market Size Forecast by Type
5.2.1 Rubber
5.2.2 Thermoplastic Elastomers
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Elastomeric Gasket Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Elastomeric Gasket Market Size Forecast by Applications
6.2.1 Machinery
6.2.2 Electrical & Electronic Products
6.2.3 Aerospace Equipment
6.2.4 Marine & Rail Equipment
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Elastomeric Gasket Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Elastomeric Gasket Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Elastomeric Gasket Analysis and Forecast
9.1 Introduction
9.2 North America Elastomeric Gasket Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Elastomeric Gasket Market Size Forecast by Type
9.6.1 Rubber
9.6.2 Thermoplastic Elastomers
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Elastomeric Gasket Market Size Forecast by Applications
9.10.1 Machinery
9.10.2 Electrical & Electronic Products
9.10.3 Aerospace Equipment
9.10.4 Marine & Rail Equipment
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Elastomeric Gasket Analysis and Forecast
10.1 Introduction
10.2 Europe Elastomeric Gasket Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Elastomeric Gasket Market Size Forecast by Type
10.6.1 Rubber
10.6.2 Thermoplastic Elastomers
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Elastomeric Gasket Market Size Forecast by Applications
10.10.1 Machinery
10.10.2 Electrical & Electronic Products
10.10.3 Aerospace Equipment
10.10.4 Marine & Rail Equipment
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Elastomeric Gasket Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Elastomeric Gasket Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Elastomeric Gasket Market Size Forecast by Type
11.6.1 Rubber
11.6.2 Thermoplastic Elastomers
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Elastomeric Gasket Market Size Forecast by Applications
11.10.1 Machinery
11.10.2 Electrical & Electronic Products
11.10.3 Aerospace Equipment
11.10.4 Marine & Rail Equipment
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Elastomeric Gasket Analysis and Forecast
12.1 Introduction
12.2 Latin America Elastomeric Gasket Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Elastomeric Gasket Market Size Forecast by Type
12.6.1 Rubber
12.6.2 Thermoplastic Elastomers
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Elastomeric Gasket Market Size Forecast by Applications
12.10.1 Machinery
12.10.2 Electrical & Electronic Products
12.10.3 Aerospace Equipment
12.10.4 Marine & Rail Equipment
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Elastomeric Gasket Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Elastomeric Gasket Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Elastomeric Gasket Market Size Forecast by Type
13.6.1 Rubber
13.6.2 Thermoplastic Elastomers
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Elastomeric Gasket Market Size Forecast by Applications
13.10.1 Machinery
13.10.2 Electrical & Electronic Products
13.10.3 Aerospace Equipment
13.10.4 Marine & Rail Equipment
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Elastomeric Gasket Market: Competitive Dashboard
14.2 Global Elastomeric Gasket Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Boyd Corporation
14.3.2 Freudenberg Sealing Technologies
14.3.3 Parker Hannifin
14.3.4 Bal Seal Engineering
14.3.5 Tenneco(Federal-Mogul)
14.3.6 Flexitallic Group
14.3.7 Garlock Sealing Technology
14.3.8 Trelleborg
14.3.9 Lamons
14.3.10 SKF Group
14.3.11 Boyd Corporation
