Gaskets and Seals Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

The Gaskets and Seals Market is Segmented by Material (Fiber, Graphite, PTFE, Rubber, and Other Materials), Product (Gaskets and Seals), Application (Power Generation, Oil and Gas, and Other Applications), and Geography (Asia-Pacific, North America, Europe, and Rest of the World). The report offers the market size and forecasts for gaskets and seals in revenue (USD million) for the above-mentioned segments.

Gaskets & Seals Market Size

Gaskets and Seals Market Summary
Study Period: 2018 - 2028
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: < 5 %

Major Players

Gaskets and Seals Market Major Players

*Disclaimer: Major Players sorted in no particular order


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Gaskets & Seals Market Analysis

The gaskets and seals market is projected to register a CAGR of less than 5% during the forecast period (2022-2027).

The market was hampered by the COVID-19 pandemic, as lockdowns, social distances, and trade sanctions triggered massive disruptions to global supply chain networks. However, the market has now reached pre-pandemic levels.

Over the medium term, the major factors driving the growth of the gaskets and seals market are the increase in the use of gaskets and seals in the oil and gas industry and increasing demand from the chemical and petrochemical sectors.

On the flip side, the regular maintenance and lubrication factor is likely to hinder the growth of the market.

Asia-Pacific is expected to dominate the global market, owing to the huge demand expected from countries like China and India during the forecast period.

Gaskets & Seals Industry Segmentation

Gaskets and seals are used to fill the space between two or more mating surfaces, generally to prevent leakage. The gaskets and seals market is segmented by material, product, application, and region. By material, the market is segmented into fiber, graphite, PTFE, rubber, and other materials. By product, the market is segmented into gaskets and seals. By application, the market is segmented into power generation, oil and gas, and other applications. The report also covers the market size and forecasts for the gaskets and seals market in 11 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD million).

Metallic Gasket
Rubber Gasket
Cork Gasket
Non-asbestos Gasket
Spiral Wound Gasket
Other Gaskets
Shaft Seals
Molded Seals
Motor Vehicle Body Seals
Other Seals
Other Materials
Power Generation
Oil and Gas
Other Applications
South Korea
Rest of Asia-Pacific
North America
United States
United Kingdom
Rest of Europe
Rest of the World

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Gaskets & Seals Market Trends

This section covers the major market trends shaping the Gaskets & Seals Market according to our research experts:

The Oil and Gas Application is Expected to Dominate the Market

The oil and gas industry is required to operate in a tough environment with maximum operational efficiency, which requires it to maximize the equipment uptime. In the industry, preventing leakage of potentially hazardous petrochemical products in valves, pumps, piping, fittings, storage tanks, and other key components is of utmost importance.

Gaskets and seal tors are required in various equipment to maintain their timely function as these products help prevent leakage of any form of liquid and gas processing. All of the gaskets used in the oil and gas industry adhere to ANSI/ASME standards.

The global oil and gas industry holds huge potential to create demand for industrial equipment, which is projected to drive the consumption of gaskets and seals simultaneously in the years to come. This is because numerous oil and gas projects are already lined up for development, while some are still under the planning stage.

With recovery prices becoming visible in the oil and gas industry, exploration and production have started increasing across the world. The major increase in oil and gas offshore exploration and production activities is noticed majorly in Asia-Pacific and North America. Countries such as the United States, Saudi Arabia, Russia, Canada, and China are the leading producers of oil in the global market.

This is expected to make the oil and gas application the dominant one in the market.

Gaskets and Seals Market, Revenue (%), by Application, Global, 2021

The Asia-Pacific Region is Expected to Dominate the Market

In Asia-Pacific, the factors that add to the growth of the market are accelerated industrialization and augmented demand from numerous end-user industries.

According to OICA, automobile production in China and India witnessed a growth of 53% in the first nine months of 2021 when compared to the same period in 2020.

China is a hub for chemical processing, accounting for a major chunk of the chemicals produced globally. With the growing demand for various chemicals globally, the demand for gasket and seals from this sector is projected to grow during the forecast period.

China has plans to expand its network of inter-country pipelines, with new pipeline connections to Central Asia and Russia. China National Petroleum Corporation (CNPC) plans to complete major sections of the massive Russian oil and gas pipelines in the northeastern province of Heilongjiang.

India has now been ranked sixth among the world's ten largest manufacturing countries. The petrochemical industry contributes about 30% of raw materials to the chemical industry, which is expected to reach USD 300 billion by 2025.

Furthermore, factors such as the growing industrial, electrical, and electronics sectors in the developing economies, including China, India, and ASEAN countries, are further expected to boost the demand for gaskets and seals in the region.

All these factors are projected to impact the market growth in the region during the forecast period.

Gaskets and Seals Market - Growth Rate by Region, 2022 - 2027

Gaskets & Seals Industry Overview

The gaskets and seals market is highly fragmented, with many gaskets and seals manufacturers across the world. The major players (in no particular order) in the market include Flowserve Corporation, Freudenberg Sealing Technologies, Dätwyler Holding Inc., Trelleborg AB, and Tenneco Inc.

Gaskets & Seals Market Leaders

  1. Flowserve Corporation

  2. Tenneco Inc.

  3. Freudenberg Sealing Technologies

  4. Dätwyler Holding Inc.

  5. Trelleborg AB

*Disclaimer: Major Players sorted in no particular order

Gaskets and Seals Market Concentration

Gaskets & Seals Market News

The recent developments pertaining to the major players in the market are being covered in the complete study.

Gaskets & Seals Market Report - Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Drivers

      1. 4.1.1 Increase in the Use of Gaskets and Seals in the Oil and Gas Industry

      2. 4.1.2 Growing Demand from the Chemical and Petrochemical Sectors

    2. 4.2 Restraints

      1. 4.2.1 Regular Maintenance and Lubrication

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition


    1. 5.1 Product

      1. 5.1.1 Gaskets

        1. Metallic Gasket

        2. Rubber Gasket

        3. Cork Gasket

        4. Non-asbestos Gasket

        5. Spiral Wound Gasket

        6. Other Gaskets

      2. 5.1.2 Seals

        1. Shaft Seals

        2. Molded Seals

        3. Motor Vehicle Body Seals

        4. Other Seals

    2. 5.2 Material

      1. 5.2.1 Fiber

      2. 5.2.2 Graphite

      3. 5.2.3 PTFE

      4. 5.2.4 Rubber

      5. 5.2.5 Other Materials

    3. 5.3 Application

      1. 5.3.1 Power Generation

      2. 5.3.2 Oil and Gas

      3. 5.3.3 Other Applications

    4. 5.4 Geography

      1. 5.4.1 Asia-Pacific

        1. China

        2. India

        3. Japan

        4. South Korea

        5. Rest of Asia-Pacific

      2. 5.4.2 North America

        1. United States

        2. Canada

        3. Mexico

      3. 5.4.3 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Italy

        5. Rest of Europe

      4. 5.4.4 Rest of the World


    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%)**/Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 AMG Sealing Limited

      2. 6.4.2 BRUSS Sealing Systems GmbH

      3. 6.4.3 Cooper Standard

      4. 6.4.4 Daetwyler Holding Inc.

      5. 6.4.5 Dana Limited

      6. 6.4.6 ElringKlinger AG

      7. 6.4.7 Flowserve Corporation

      8. 6.4.8 Freudenberg Sealing Technologies


      10. 6.4.10 KLINGER Holding GmbH

      11. 6.4.11 Phelps

      12. 6.4.12 SKF

      13. 6.4.13 Smiths Group PLC

      14. 6.4.14 Trelleborg AB

      15. 6.4.15 Tenneco Inc.

    5. *List Not Exhaustive

    1. 7.1 Growing Demand for Electric Vehicles

**Subject to Availability
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Gaskets & Seals Market Research FAQs

The Gaskets and Seals Market is studied from 2018 - 2028.

The Gaskets and Seals Market is growing at a CAGR of <5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2018 - 2028.

Asia Pacific holds highest share in 2021.

Flowserve Corporation, Tenneco Inc., Freudenberg Sealing Technologies, Dätwyler Holding Inc. , Trelleborg AB are the major companies operating in Gaskets and Seals Market.

Gaskets and Seals Industry Report

Statistics for the 2023 Gaskets and Seals market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Gaskets and Seals analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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