Market Overview:
The global plastic-based 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 plastic-based gaskets from various end-use industries, such as machinery, electrical & electronic products, aerospace equipment, marine & rail equipment. In addition, the growing awareness about the benefits of using plastic-based gaskets is also contributing to the growth of this market. Based on type, the global plastic-based gasket market can be segmented into expanded graphite gaskets, conventional fiber-based gaskets and other nonmetallic gaskets. Of these segments, expanded graphite Gaskets are expected to witness highest growth during the forecast period owing to its properties such as high thermal conductivity and low thermal expansion coefficient. Based on application,the global Plastic Based Gasket Market can be segmented into machinery industry ,electrical& electronic products industry ,aerospace equipment industry ,marine&railway equipments industry . Among these applications , Machinery Industry is projectedto hold a dominant position in terms of revenue contribution throughoutthe forecast period .
Product Definition:
A plastic-based gasket is a type of gasket that is made out of a plastic material. This type of gasket is often used in applications where a rubber or metal-based gasket would not be suitable. Some advantages of using a plastic-based gasket include its ability to resist corrosion, its flexibility, and its resistance to high temperatures.
Expanded Graphite Gaskets:
Expanded graphite gaskets are used in various applications including pressure vessels, automotive engines, and chemical plants. They are also employed as a packing material for the expansion joints of bridges and roads. Expanded graphite gaskets have several properties such as low thermal conductivity, high thermal stability, low density making them an ideal material for use in heat exchangers or any application where temperature sensitive products are transported.
Conventional Fiber-Based Gaskets:
Conventional fiber-based gaskets are made from natural fibers such as cotton, flax, and wool. These fibers provide strength to the gasket and act as a cushion for pressure fluctuations. The product is used in various applications including automotive engines, household appliances, construction equipment engines among others.
The global conventional fiber-based gaskets market size was valued at USD 1.07 billion in 2016.
Application Insights:
The machinery application segment led the global market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. Plastic-based gaskets are used in various machinery components such as engine mounts, transmission case, air intake manifolds, and others. The expansion of the manufacturing sector in emerging economies including China and India is expected to have a positive impact on industry growth over the coming years.
Aerospace equipment was another prominent segment accounting for 10% share of total volume in 2017 owing to increasing use of plastics for manufacturing aircraft parts including primary wing structure along with other components that make up an aircraft¢â‚¬â„¢s exterior body shell.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 30% in terms of revenue and is likely to witness significant growth owing to rapid industrialization, coupled with increasing foreign investments.
The growing manufacturing sector, especially automotive production, construction activities, and electronics industry in China and India on account of rising disposable income coupled with government initiatives such as “Make in India†are expected to drive product demand over the forecast period. In addition, favorable regulations aimed at promoting domestic manufacturing output by offering tax benefits are projected to further propel regional growth.
Europe was estimated as the second-largest regional segment followed by North America owing to presence of major companies such as GEA Group; Schwing; SGL Carbon Black Nederland BV; Silgan Holdings Inc.; 3M Company; Ecolab Inc.; Henkel AG & Co.
Growth Factors:
- Increasing demand from end-use industries: The global plastic-based gasket market is expected to grow at a CAGR of 5.5% during the forecast period, owing to the increasing demand from end-use industries such as automotive, oil & gas, and construction.
- Rising awareness about energy efficiency: There is an increasing awareness among consumers about the benefits of using plastic-based gaskets for energy efficiency in various applications. This is expected to drive the growth of the global market in the coming years.
- Technological advancements: The development of innovative technologies that can improve product performance is projected to fuel the growth of this market in future years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Plastic-Based Gasket Market Research Report
By Type
Expanded Graphite Gaskets, Conventional Fiber-Based Gaskets, Other Nonmetallic Gaskets
By Application
Machinery, Electrical & Electronic Products, Aerospace Equipment, Marine & Rail Equipment
By Companies
Dana Holding Corporation, James Walker, Parker Hannifin, Bal Seal Engineering, Tenneco(Federal-Mogul), Flexitallic Group, Garlock Sealing Technology, Trelleborg, Lamons, SKF Group
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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Plastic-Based Gasket Market Report Segments:
The global Plastic-Based Gasket market is segmented on the basis of:
Types
Expanded Graphite Gaskets, Conventional Fiber-Based Gaskets, Other Nonmetallic Gaskets
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:
- Dana Holding Corporation
- James Walker
- Parker Hannifin
- Bal Seal Engineering
- Tenneco(Federal-Mogul)
- Flexitallic Group
- Garlock Sealing Technology
- Trelleborg
- Lamons
- SKF Group
Highlights of The Plastic-Based 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:
- Expanded Graphite Gaskets
- Conventional Fiber-Based Gaskets
- Other Nonmetallic Gaskets
- 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 Plastic-Based 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.
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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?
A plastic-based gasket is a type of sealant that is made from a thermoplastic material. It is often used to seal gaps and joints in metal or plastic components, and it can be either pressure- or vacuum-tight.
Some of the major players in the plastic-based gasket market are Dana Holding Corporation, James Walker, Parker Hannifin, Bal Seal Engineering, Tenneco(Federal-Mogul), Flexitallic Group, Garlock Sealing Technology, Trelleborg, Lamons, SKF Group.
The plastic-based gasket market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Plastic-Based Gasket Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Plastic-Based Gasket Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Plastic-Based Gasket Market - Supply Chain
4.5. Global Plastic-Based Gasket Market Forecast
4.5.1. Plastic-Based Gasket Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Plastic-Based Gasket Market Size (000 Units) and Y-o-Y Growth
4.5.3. Plastic-Based Gasket Market Absolute $ Opportunity
5. Global Plastic-Based Gasket Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Plastic-Based Gasket Market Size and Volume Forecast by Type
5.3.1. Expanded Graphite Gaskets
5.3.2. Conventional Fiber-Based Gaskets
5.3.3. Other Nonmetallic Gaskets
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Plastic-Based Gasket Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Plastic-Based Gasket Market Size and Volume Forecast by Application
6.3.1. Machinery
6.3.2. Electrical & Electronic Products
6.3.3. Aerospace Equipment
6.3.4. Marine & Rail Equipment
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Plastic-Based Gasket Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Plastic-Based Gasket Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Plastic-Based Gasket Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Plastic-Based Gasket Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Plastic-Based Gasket Demand Share Forecast, 2019-2026
9. North America Plastic-Based Gasket Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Plastic-Based Gasket Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Plastic-Based Gasket Market Size and Volume Forecast by Application
9.4.1. Machinery
9.4.2. Electrical & Electronic Products
9.4.3. Aerospace Equipment
9.4.4. Marine & Rail Equipment
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Plastic-Based Gasket Market Size and Volume Forecast by Type
9.7.1. Expanded Graphite Gaskets
9.7.2. Conventional Fiber-Based Gaskets
9.7.3. Other Nonmetallic Gaskets
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Plastic-Based Gasket Demand Share Forecast, 2019-2026
10. Latin America Plastic-Based Gasket Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Plastic-Based Gasket Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Plastic-Based Gasket Market Size and Volume Forecast by Application
10.4.1. Machinery
10.4.2. Electrical & Electronic Products
10.4.3. Aerospace Equipment
10.4.4. Marine & Rail Equipment
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Plastic-Based Gasket Market Size and Volume Forecast by Type
10.7.1. Expanded Graphite Gaskets
10.7.2. Conventional Fiber-Based Gaskets
10.7.3. Other Nonmetallic Gaskets
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Plastic-Based Gasket Demand Share Forecast, 2019-2026
11. Europe Plastic-Based Gasket Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Plastic-Based Gasket Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Plastic-Based Gasket Market Size and Volume Forecast by Application
11.4.1. Machinery
11.4.2. Electrical & Electronic Products
11.4.3. Aerospace Equipment
11.4.4. Marine & Rail Equipment
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Plastic-Based Gasket Market Size and Volume Forecast by Type
11.7.1. Expanded Graphite Gaskets
11.7.2. Conventional Fiber-Based Gaskets
11.7.3. Other Nonmetallic Gskets
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Plastic-Based Gasket Demand Share, 2019-2026
12. Asia Pacific Plastic-Based Gasket Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Plastic-Based Gasket Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Plastic-Based Gasket Market Size and Volume Forecast by Application
12.4.1. Machinery
12.4.2. Electrical & Electronic Products
12.4.3. Aerospace Equipment
12.4.4. Marine & Rail Equipment
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Plastic-Based Gasket Market Size and Volume Forecast by Type
12.7.1. Expanded Graphite Gaskets
12.7.2. Conventional Fiber-Based Gaskets
12.7.3. Other Nonmetallic Gaskets
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Plastic-Based Gasket Demand Share, 2019-2026
13. Middle East & Africa Plastic-Based Gasket Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Plastic-Based Gasket Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Plastic-Based Gasket Market Size and Volume Forecast by Application
13.4.1. Machinery
13.4.2. Electrical & Electronic Products
13.4.3. Aerospace Equipment
13.4.4. Marine & Rail Equipment
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Plastic-Based Gasket Market Size and Volume Forecast by Type
13.7.1. Expanded Graphite Gaskets
13.7.2. Conventional Fiber-Based Gaskets
13.7.3. Other Nonmetallic Gaskets
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Plastic-Based Gasket Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Plastic-Based Gasket Market: Market Share Analysis
14.2. Plastic-Based Gasket Distributors and Customers
14.3. Plastic-Based Gasket Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Dana Holding Corporation
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. James Walker
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Parker Hannifin
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Bal Seal Engineering
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Tenneco(Federal-Mogul)
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Flexitallic Group
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Garlock Sealing Technology
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Trelleborg
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Lamons
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. SKF Group
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook