Global Elastomeric Gaskets Market size was valued US$ XX Mn in 2019 and is expected to reach at xx Mn by 2026 at a CAGR of % during forecast period.
Elastomeric Gaskets Market1
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The report covers an in-depth analysis of COVID 19 pandemic impact on Global Elastomeric Gaskets Market by region and on the key players’ revenue affected till December 2020 and expected short term and long-term impact on the market.
Global Elastomeric Gaskets Market Dynamics:
Elastomeric gaskets are designed and developed for handling applications in a tough environment such as high-pressure and high-temperature liquids and gases. Elastomeric gaskets provide a powerful seal between two surfaces and are manufactured to function with assurance when operating conditions are at their toughest.
These gaskets wonderfully compress when flange fasteners are fully tightened, without weakening or damaging the material’s elasticity. Elastomeric gaskets possess various excellent properties such as superior electric conductivity, thermal conductivity, and EMI shielding power. These properties make elastomeric gaskets ideal material in a variety of applications such as ruggedized equipment, medical diagnostic devices, analytical instruments, and high-technology gaskets. Thus, these excellent properties are increasing the consumption of elastomeric gaskets in various applications thereby driving market growth.
The dearth of universal directives pertaining to applications of elastomeric gaskets, fluctuations in raw material prices, availability of substitute products, less adoption in underdeveloped countries, and stringent regulations on the raw material used in the preparation are restraining the market growth during the forecast period.
Growing technological advancements in the manufacturing process of elastomeric gaskets, growing research & development spending and increasing investment in the medical sector is expected to create lucrative opportunities for the elastomeric gaskets market.
Global Elastomeric Gaskets Market Segmentation Analysis
The elastomeric gaskets market is segmented by material, technology, end-user, and region.
By material, the Rubber material segment held the highest market share in 2019 and is expected to keep its dominance during forecast period. Rubber material provides powerful sealing between two surfaces that are exposed to high-temperature conditions. The rubber material possess some excellent inherent properties to include flexibility, high elongation, and a combination of resilience and damping. Such a unique set of properties makes rubber is an ideal material for elastomeric gaskets.
By end user, the Aerospace & Defense segment is expected to hold major market share during the forecast period owing to the growing demand for aircraft in developing and developed countries. Elastomeric gaskets are used in the preparation of various aerospace components such as wing seals including flap, slat, aileron, and spoil; engine nacelle seals including fire barrier seals; and airframe seals including door, window, pylon, molded plate, fairing, hatch, and panel.
Global Elastomeric Gaskets Market Regional Analysis
By geography, the elastomeric gaskets market is segmented into North America, APAC, Europe, MEA& Africa, and South America. Among all of these regions, APAC held the highest market share in 2019 and is expected to keep its dominance during the forecast period. Various end-use industries such as automotive, aerospace, building & construction are rapidly expanding in China, India, Japan, ASEAN, and Australia. China is expected to lead the market in this region. China’s economic policy shifts more to consumption-driven growth from that of investment and, within that consumption, toward more sophisticated products the result is likely to lead to additional growth in advanced materials demand.
North America is expected to expand at significant pace during forecast period owing to the presence of major market players, growing expenditure on aerospace & defense, and well developed medical industry in the U.S. and Canada.Europe is also expected to hold a significant market share of the global elastomeric gasket market during the forecast period.
Global Elastomeric Gaskets Market Competition Landscape
An embrace of R&D is under way across the elastomeric gaskets market, from sector giants to start-up companies working in a wide array of leading-edge technologies such as injection molding, extrusion, die cutting and fabrication. The elastomeric gaskets market is moderately concentrated with Tier I and Tier II players accounting for significant market share. Key players operating in this market are adopting various organic and inorganic growth strategies such as merger & acquisition, joint ventures, expansion, collaboration, strategic alliances, new product launches, and research & development.
The objective of the report is to present a comprehensive analysis of the Global Elastomeric Gaskets Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.
The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Elastomeric Gaskets Market dynamics, structure by analyzing the market segments and project the Global Elastomeric Gaskets Marketsize. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Elastomeric Gaskets Market make the report investor’s guide.
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Elastomeric Gaskets Market2
Global Elastomeric Gaskets Market, by Region
• North America
• Europe
• MEA
• APAC
• South America
Global Elastomeric Gaskets Market Key Players
• Technetics Group
• Elring
• Boyd Corporation
• Hoosier Gasket Corporation
• Hoosier Gasket Corporation
• Stockwell Elastomerics, Inc.
• Boyd Corporation
• Parker Hannifin
• Universal Rubber Products
• Atlantic Gasket Corporation
• Hennig Gasket & Seals
• Alpha Elastomers
• China Yeeh Industrial
• Freudenberg Sealing Technologies
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