Gaskets And Seals Market Size, Share & Trends Report

Gaskets And Seals Market Size, Share & Trends Analysis Report By Product, By Application (Automotive, Electrical & Electronics), By End-use, By Region, And Segment Forecasts, 2021 - 2028

  • Published Date: Apr, 2021
  • Base Year for Estimate: 2020
  • Report ID: GVR-2-68038-801-5
  • Format: Electronic (PDF)
  • Historical Data: 2017 - 2019
  • Number of Pages: 174

Report Overview

The global gaskets and seals market was worth USD 56.14 billion in 2020 and is expected to reach USD 74.46 billion by 2028, growing at a CAGR of 3.6% from 2020 to 2028. The global market is expected to be driven by the growth of the aerospace and automotive industry. In addition, the use of advanced materials in manufacturing gaskets and seals for critical applications including aircraft manufacturing, medical equipment, and chemical processing is expected to drive the market growth over the forecast period. Furthermore, the market for the gaskets and seals is expected to benefit from the growth in usage of the products for reducing vibrations in electrical & electronic components.

Global gaskets and seals market size

Gaskets and seals are designed to help to ensure performance efficiency, to support manufacturers to comply with stringent specifications and standards. In addition, they also aid in reducing the risk of unexpected downtime and control emissions. In the automotive industry, increasing stringent emission norms are also one of the major factors that are expected to drive the growth of overall gasket and seals in the global market.

The U.S. aerospace and defense sector is the leading innovator and producer of advanced aircraft and space and defense systems across the globe. This subsequently drives the demand for gaskets and seals for applications such as fairings and internal cabin and galleys. The industry is consistently witnessing a rise in commercial aerospace exports such as aircraft engines, space systems, and parts, primarily driven by growing demand from Asia Pacific, Middle East, and Europe.

3D printing technology is witnessing a rising penetration in gaskets and seals manufacturing, thereby leading to the creation of an expansive product line with various specifications. These gaskets and seals are durable and intricate. 3D printing technology facilitates the development of the prototype of new seal design and also aids in designing custom 3D printed product designs.

Key industry participants are developing and testing gaskets and seals with composite material designs to improve the functionality of the product in harsh conditions in chemical processing and heat transfer applications. In addition, several players are developing patented materials for improving the features of sealing components, thus driving the demand for gaskets and seals.

The market industry exhibits an extensive product range to cater to a wide range of applications across various industries. Thus, it proves economically infeasible for players to cater to the demand from all industries. Manufacturers hence develop application-specific products to serve a selective range of industries, thereby maintaining the profit margins.

Product Insights

Gaskets are expected to witness a notable demand in pipeline and heat exchanger systems backed by increasing oil and gas exploration activities and the growing chemical processing industry. The gaskets segment was valued at USD 22.1 billion in 2020 and is expected to witness notable growth over the forecast period due to rising environmental concerns owing to fugitive emissions from industries.

Non-metallic gaskets are witnessing high demand in automotive electronics, further supplemented by the rising automotive production, particularly in Asia Pacific and Europe. In addition, gaskets manufactured with advanced materials, which are lightweight and offer high functionality, are expected to drive the demand for non-metallic gaskets.  

Seals amounted to a revenue of USD 33.9 billion in 2020 owing to its wide application in aerospace, climate control, filtration, electromechanical, hydraulic, pneumatic, and fluid, and gas handling operations. Initiatives to maximize production efficiency and rising energy consumption and greenhouse gas (GHG) reduction trends are expected to drive the demand for seals.

Continuous efforts across different industries to enhance the consumption of renewable energy resources, especially wind and solar energy, are expected to drive the construction of windmills and solar parks. Thus, it is expected to offer notable growth opportunities to the seals market, as seals form a major part of the wind turbine assembly, determining its reliability and longevity.

Application Insights

Automotive applications dominated the overall gaskets and seals market accounting for a share of 33.3% in 2020. This is attributed to their wide range of applications, including engine block, body parts, and electronics. In addition, rising penetration of 3D printed sealing products and Form-In-Place gaskets in automotive applications is expected to drive the overall market growth.

The use of advanced sealing systems and components enhances the production efficiency and sustainability of plants, thereby enabling the production with greater resource efficiency. Hence, sealing solutions are expected to aid the growth of green manufacturing across the industrial sector, thereby driving the demand for sealing products in the market.

Seals and gaskets are used in a broad spectrum of applications in electrical and electronics manufacturing such as switches, LCD displays, transformers, timers, telecommunication devices, and other microelectronics. As a result, an increase in the production of electronic appliances such as smartphones, watches, refrigerators, and TVs backed by growing consumer spending, is expected to drive the demand for gaskets and seals.

The development of robust sealing technology for superior performance in sub-sea oil discoveries is expected to positively influence the seals market growth. In addition, the development of RFID technology for seals provides durable and efficient seal management, thereby enhancing the long-term value of seals.

End-use Insights

The demand for sealing products in OEMs is expected to register a CAGR of 3.8% from 2020 to 2028. This is attributed to the increasing product demand from the aerospace and electronics industries. In addition, the growth of the manufacturing sector in Asia Pacific on account of the increasing government initiatives to aid economic development is expected to drive the product demand in OEMs.

Initiatives to optimize the potential of wind and solar energy as a reliable source have attained significant investments in solar power plants as well as offshore and onshore-wind turbine technology. Thus, the prospective growth of solar and wind power plants is expected to drive the demand for seals in power transmission and fluid handling applications.

Global gaskets and seals market share

Gaskets and seals are important components in Maintenance, Repair, and Operations (MRO) operations since they play a critical role in fluid and gas leakage handling, and are removed after a single-use. These products are replaced each time the gases and fluids are changed in the system. As a result, a significant number of gaskets and seals are required for MRO operations in several industries.

The development of engineered plastics and elastomers for manufacturing seals for aerospace applications is likely to drive the replacement of conventional seals. Furthermore, the development of advanced seals, which offer lightweight and space-saving solutions with exceptional thermal resistance, is expected to drive the overall market growth.

Regional Insights

The Europe market is expected to register a moderate CAGR of 3.0% from 2020 to 2028 on account of the growing use of gaskets and seals in the aerospace and defense sector. The aerospace and defense industry in the region is expected to witness notable growth on account of rising defense expenditures by economies such as Germany and France to fulfill North Atlantic Treaty Organization (NATO) requirements.

Factors such as steady economic growth, increasing business investment spending, and strong gains in manufacturing output are expected to drive the market in Asia Pacific, especially in countries such as China and Japan. In addition, an increase in motor vehicle production and sales is likely to bolster the demand for sealing products in the region.

U.S. chemical manufacturers exhibit a competitive edge owing to access to cheaper and more abundant feedstock and energy, thus attracting sizeable capital investment. These trends are projected to drive the demand for gaskets and seals in North America as they are primarily used in the chemical industry in piping installations and manufacturing equipment and components.

The Middle East market is expected to register a notable CAGR of 3.9% from 2020 to 2028 owing to rising government investments in expanding indigenous manufacturing capabilities. In addition, the Middle East is one of the major contributors to the global aerospace MRO industry, thereby driving market growth.

Key Companies & Market Share Insights 

The global gaskets and seals market is characterized by the presence of a number of companies involved in manufacturing a variety of products. Companies involved in the production of such components are found to be concentrated in Asia Pacific. The market in Asia Pacific is characterized by the presence of a large number of medium and small-sized companies that produce low volumes of gaskets and seals. Major factors that contribute to the extensive presence of companies in the region include low manufacturing cost, notable manufacturing base, and high consumption volume of gaskets and seals.

Market players lay high emphasis on the use of online sales platforms as distribution channels, majorly focusing on the sales for non-business consumers. In addition, key companies in the market operate their business through extensive third-party distribution channels in order to strengthen their geographical presence. Some of the prominent players in the gaskets and seals market include:

  • AB SKF

  • Dana Limited

  • Flowserve Corporation

  • Freudenberg Sealing Technologies GmbH & Co.

  • KG Smiths Group Plc

  • Trelleborg Sealing Solutions

  • Cooper Standard

  • Garlock Sealing Technologies LLC

  • Flowserve Corporation

  • Crown Gaskets Pvt. Ltd. 

Gaskets And Seals Market Report Scope

Report Attribute


Market size value in 2021

USD 56.9 billion

Revenue forecast in 2028

USD 74.4 billion

Growth Rate

CAGR of 3.6% from 2020 to 2028

Base year for estimation


Historical data

2017 - 2019

Forecast period

2021 - 2028

Quantitative units

Revenue in USD Million and CAGR from 2020 to 2028

Report coverage

Revenue forecast, competitive landscape, growth factors and trends

Segments covered

Product, application, end-use, region

Regional scope

North America; Europe; Asia Pacific; Middle East & Africa; Central & South America

Country scope

U.S.; Canada; Mexico; Germany; U.K.; France; Italy; Spain; China; India; Japan; South Korea; Brazil; Argentina; Saudi Arabia; United Arab Emirates (UAE)

Key companies profiled

AB SKF; Freudenberg Sealing Technologies GmbH & Co. KG; Flowserve Corporation; Garlock Sealing Technologies LLC.

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2028. For the purpose of this study, Grand View Research has segmented the global gaskets and seals market report on the basis of product, application, end-use, and region:

  • Product Outlook (Revenue, USD Million, 2017 - 2028)

    • Gaskets

      • Metallic

      • Semi-metallic

      • Non-metallic

    • Seals

      • Shaft Seals

      • Molded Packing & Seals

      • Motor Vehicle Seals

      • Others

  • Application Outlook (Revenue, USD Million, 2017 - 2028)

    • Automotive

    • Electrical & Electronics

    • Marine & Rail

    • Industrial & Manufacturing

    • Aerospace

    • Oil & Gas

    • Chemicals & Petrochemicals

    • Others

  • End-use Outlook (Revenue, USD Million, 2017 - 2028)

    • OEMs

    • Aftermarket

  • Regional Outlook (Revenue, USD Million, 2017 - 2028)

    • North America

      • The U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • U.K.

      • France

      • Italy

      • Spain

    • Asia Pacific

      • China

      • Japan

      • India

      • South Korea

    • Central & South America

      • Brazil

      • Argentina

    • Middle East & Africa

      • Saudi Arabia

      • UAE

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