Global Gaskets and Seals Market Outlook 2017-2023: Market is valued at $59.73 billion in 2016 and is expected to reach $97.16 billion by 2023 – iCrowdNewswire
 
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Dec 6, 2017 2:00 PM ET

Global Gaskets and Seals Market Outlook 2017-2023: Market is valued at $59.73 billion in 2016 and is expected to reach $97.16 billion by 2023

iCrowdNewswire - Dec 6, 2017

The “Gaskets and Seals – Global Market Outlook (2017-2023)” report has been added to Research and Markets’ offering.

The Global Gasket & Seals Market is valued at $59.73 billion in 2016 and is expected to reach $97.16 billion by 2023 growing at a CAGR of 7.2% from 2016 to 2023.

Rise in vehicle production propels the growth of the market. In addition increase in tough emission standards will drive the market during forecasting period. Asia Pacific is expected to grasp major revenue shares in gasket & seals market. This growth is attributed to rising demand from the automotive industry in emerging economies like India and China. By end user, electrical and electronics segment have the largest market share and is expected to remain the same for next few years due to increasing projects in the field of oil & gas in emerging countries.

Some of the key players in the market include AB SKF, Dana Holding Corporation, Federal-Mogul Holdings Corporation , Freudenberg Sealing Technologies Gmbh & Co. Kg , Flowserve Corporation, Smiths Group PLC, Trelleborg AB, Elringklinger AG, Datwyler Holding Inc., Victor Gaskets India Limited , Boyd Corp, Dupont, Cooper standard holding Inc , BRUSS, Bal Seal Engineering, AIGI Environmental.

Material Type Covered:

– Rubber Gasket
– Fiber
– Silicone Gasket
– Graphite
– Polytetrafluoroethylene (PTFE)
– Other Materials

Product Type Covered:

– Gasket
– Non-Asbestos Gasket
– Spiral Wound Gasket
– Metallic Gasket
– Cork Gasket
– Ring Joints Gasket
– Seals
– Mechanical Seal
– O-ring seal
– Rotary Seal
– Lip Seal
– Other Seals

End User Type Covered

– Oil and Gas
– Automotive
– Marine and Rail
– Electrical and Electronics
– Industrial and Manufacturing
– Power and Energy
– Chemical and Petrochemicals
– Other End Users

For more information about this report visit https://www.researchandmarkets.com/research/pvcrfl/gaskets_and_seals

Contact Information:

Research and Markets,
Laura Wood,
Senior Manager.
[email protected]
Related Topics: Machine Parts (https://www.researchandmarkets.com/categories.asp?cat_id=1044&campaign_id=pvcrfl)

Via iCrowdNewswire
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