Gasket And Seals Market is estimated to be valued at USD 78,635.9 Mn in 2025 and is expected to reach USD 117,184.6 Mn by 2032, growing at a compound annual growth rate (CAGR) of 5.9% from 2025 to 2032.
Report Coverage
Report Details
Base Year:
2024
Market Size in 2025:
USD 78,635.9 Mn
Historical Data for:
2020 To 2024
Forecast Period:
2025 To 2032
Forecast Period 2025 to 2032 CAGR:
5.90%
2032 Value Projection:
USD 117,184.6 Mn
Gasket and seals are the materials used to prevent the passage of any foreign media through to and fro, the joined object while under compression. A Gasket is a mechanical seal, which fills the space between two or more mating surfaces, in order to prevent leakage. Gaskets allow perfect mating surfaces wherein they can fill irregularities. Gaskets and seals are widely used across all end-use industries. Depending upon the application, different types of gaskets and seals are used among various end-use industries. Spiral wouned, jacketed, kammprofile, and the solid ring is among the key gasket types, while o-ring seals, body seals, mechanical seals, shaft seal, piston seal, etc. are the key seal types used in different applications.
The global gaskets and seals market was valued for USD 74,375.7 Mn in 2021.
Market Dynamics
Leakage from various industrial equipment can result in significant loss of material and indirect loss, in terms of labor and material cost of repair, environmental losses, wasted energy, sales due to downtime, etc. Both direct and indirect loses can incur a negative impact on a company's operation in terms of revenue generation as well as diminishing the brand image in case of industrial accidents and claims for personal injury. Thus, these factors are expected to drive growth of the global gasket and seals market during the forecast period. There are various standards and regulations regarding reducing the environmental impact of leakage and fugitive emissions, have been in development from different government and environmental agencies. For instance, The EPA estimates that approximately 70.4 KT/year of volatile organic compounds (VOC) and 9.4 KT/year of hazardous air pollutants (HAP) are emitted from equipment leaks, which significantly contribute to the formation of ground-level ozone. Moreover, European Environmental Agency, Environmental Protection Agency, etc. are focused on the development of standards to control amount of the leaks. Thus, these factors are expected to propel the market growth in the near future.
Key features of the study
This report provides an in-depth analysis of the Global Gasket and Seals Market and provides market size (USD Mn) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players.
It profiles leading players in the global Gasket and Seals Market based on the following parameters - regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans.
Key companies covered in the Global Gasket and Seals Market include Banco Products (I) Lt, Dana Incorporated, ElringKlinger AB, Federal-Mogul Holdings Corporation, Freudenberg & Co. KG, Henniges Automotive Holdings Inc., Parker Hannifin Corp., SKF AB, Smiths Group Inc. (John Crane), Trelleborg AB, and Erith Group.
These key market players are focusing on collaboration strategy with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, Material Type up gradation, market expansion, and marketing tactics.
The global Gasket and Seals market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the Global Gasket and Seals Market.
Market Segmentation
Global Gaskets and seals Market, By Product Type
Gaskets
Jacketed Gaskets
Solid Gaskets
Spiral Wound Gaskets
Kammprofile Gaskets
Seals
Static Seals
Dynamic Seals
Global Gaskets and seals Market, By Sales Channel
OEM
Aftermarket
Global Gaskets and seals Market, By Material Type
Metallic
Non-Metallic
Elastomers
Others
Global Gaskets and seals Market, By End-Use Industry
Automotive
Aerospace
Machinery
Electronics & Electrical
Marine & Rail
Others
Global Gaskets and seals Market, By Region
North America
U.S.
Canada
Latin America
Brazil
Argentina
Mexico
Rest of Latin America
Europe
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East
GCC Countries
Israel
Rest of Middle East
Africa
South Africa
North Africa
Central Africa
Key Players Insights
ElringKlinger AG
SKF Group
Dana Limited
Trelleborg AB (Sealing Solutions)
Smiths Group plc / John Crane
ParkerHannifin Corporation
Flexitallic Group
Bruss Sealing Systems GmbH
Flowserve Corporation
Table of Contents
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Product Type
Market Snippet, By Sales Channel
Market Snippet, By Material Type
Market Snippet, By End-use Industry
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
Market Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New system Launch/Approvals
Impact of COVID-19 Pandemic
4. Global Gasket and Seals Market, By Product Type, 2020-2032 (USD Mn)
Introduction
Market Share Analysis, 2022 and 2032 (%)
Segment Trends
Gaskets
Introduction
Market Size and Forecast, 2020-2032, (USD Mn)
Jacketed Gaskets
Solid Gaskets
Spiral Wound Gaskets
Kammprofile Gaskets
Seals
Introduction
Market Size and Forecast, 2020-2032, (USD Mn)
Static Seals
Dynamic Seals
5. Global Gasket and Seals Market, By Sales Channel, 2020 - 2032 (USD Mn)
Introduction
Market Share Analysis, 2022 and 2032 (%)
Segment Trends
OEM
Introduction
Market Size and Forecast, 2020 - 2032, (USD Mn)
Aftermarket Introduction
Market Size and Forecast, 2020 - 2032, (USD Mn)
Aftermarket
Introduction
Market Size and Forecast, 2020 - 2032, (USD Mn)
6. Global Gasket and Seals Market, By Material Type, 2020-2032 (USD Mn)
Introduction
Market Share Analysis, 2022 and 2032 (%)
Segment Trends
Metallic
Introduction
Market Size and Forecast, 2020-2032, (USD Mn)
Non-Metallic
Introduction
Market Size and Forecast, 2020-2032, (USD Mn)
Sub Segments
Elastomeric
Others
7. Global Gasket and Seals Market, By End-use Industry, 2020-2032 (USD Mn)
Introduction
Market Share Analysis, 2022 and 2032 (%)
Product Type Trends
Automotive
Introduction
Market Size and Forecast, 2020-2032, (USD Mn)
Aerospace
Introduction
Market Size and Forecast, 2020-2032, (USD Mn)
Machinery
Introduction
Market Size and Forecast, 2020-2032, (USD Mn)
Electronics & Electrical
Introduction
Market Size and Forecast, 2020-2032, (USD Mn)
Marine & Rail
Introduction
Market Size and Forecast, 2020-2032, (USD Mn)
Others
Introduction
Market Size and Forecast, 2020-2032, (USD Mn)
8. Global Gasket and Seals Market, By Region, 2020-2032 (USD Mn)
Introduction
Market Share Analysis, By Region, 2022 and 2032 (%)
North America
Regional Trends
Market Size and Forecast, Product Type, 2020-2032 (USD Mn)
Market Size and Forecast, By Sales Channel 2020-2032 (USD Mn)
Market Size and Forecast, Material Type, 2020-2032 (USD Mn)
Market Size and Forecast, By End-use Industry, 2020-2032 (USD Mn)
Market Share Analysis, By Country, 2022 and 2032 (%)
U.S.
Canada
Europe
Regional Trends
Market Size and Forecast, Product Type, 2020-2032 (USD Mn)
Market Size and Forecast, By Sales Channel 2020-2032 (USD Mn)
Market Size and Forecast, Material Type, 2020-2032 (USD Mn)
Market Size and Forecast, By End-use Industry, 2020-2032 (USD Mn)
Market Share Analysis, By Country, 2022 and 2032 (%)
U.K.
Germany
France
Italy
Russia
Rest of Europe
Asia Pacific
Regional Trends
Market Size and Forecast, Product Type, 2020-2032 (USD Mn)
Market Size and Forecast, By Sales Channel 2020-2032 (USD Mn)
Market Size and Forecast, Material Type, 2020-2032 (USD Mn)
Market Size and Forecast, By End-use Industry, 2020-2032 (USD Mn)
Market Share Analysis, By Country, 2022 and 2032 (%)
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Latin America
Regional Trends
Market Size and Forecast, Product Type, 2020-2032 (USD Mn)
Market Size and Forecast, By Sales Channel 2020-2032 (USD Mn)
Market Size and Forecast, Material Type, 2020-2032 (USD Mn)
Market Size and Forecast, By End-use Industry, 2020-2032 (USD Mn)
Market Share Analysis, By Country, 2022 and 2032 (%)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East and Africa
Regional Trends
Market Size and Forecast, Product Type, 2020-2032 (USD Mn)
Market Size and Forecast, By Sales Channel 2020-2032 (USD Mn)
Market Size and Forecast, Material Type, 2020-2032 (USD Mn)
Market Size and Forecast, By End-use Industry, 2020-2032 (USD Mn)
Market Share Analysis, By Country, 2022 and 2032 (%)