| Study Period | 2019 - 2030 |
| Market Size (2025) | USD 75.87 Billion |
| Market Size (2030) | USD 92.31 Billion |
| CAGR (2025 - 2030) | 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Gaskets & Seals Market Analysis
The Gaskets and Seals Market size is estimated at USD 75.87 billion in 2025, and is expected to reach USD 92.31 billion by 2030, at a CAGR of greater than 4% during the forecast period (2025-2030).
The COVID-19 pandemic disrupted the gaskets and seals market, causing massive disruptions to global supply chains due to lockdowns, social distancing measures, and trade sanctions. However, the market has since recovered to pre-pandemic levels.
The growth of the gaskets and seals market is driven by the increasing use of gaskets and seals in the oil and gas industry, as well as the growing demand from the chemical and petrochemical sectors.
On the flip side, the need for regular maintenance and lubrication is likely to hinder market growth.
The growing demand for electric vehicles is expected to provide opportunities for the market to flourish from the automotive sector.
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 Market Trends
The Oil and Gas Application is Expected to Dominate the Market
- The oil and gas industry operates in a challenging 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 vital components is paramount.
- The rising activity in oil and gas exploration and the expanding chemical processing sector is expected to increase demand for gaskets in pipeline and heat exchanger systems.
- 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 gaskets in the oil and gas industry adhere to ANSI/ASME standards.
- The global oil and gas industry holds enormous potential to create demand for industrial equipment, which is projected to drive the consumption of gaskets and seals simultaneously in the future. Numerous oil and gas projects are already lined up for development, while some are still under the planning stage.
- According to IBEF (India Brand Equity Foundation), Oil demand in India is projected to register a 2x growth to reach 11 million barrels per day by 2045. In February 2023, India’s oil demand rose to a 24-year high, which resulted due to a boost in industrial activity.
- In May 2022, ONGC announced plans to invest USD 4 billion from FY22-25 to increase its exploration efforts in India. This exploration demands the use of gaskets and seals in their projects and increases market growth as well.
- With recovery prices becoming visible in the oil and gas industry, exploration and production have increased worldwide. The significant increase in oil and gas offshore exploration and production activities is noticed in Asia-Pacific and North America. Countries such as the United States, Saudi Arabia, Russia, Canada, and China are the leading oil producers in the global market.
- This is expected to make the oil and gas application the dominant one in the market.
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The Asia-Pacific Region is Expected to Dominate the Market
- In Asia-Pacific, the factors that add to the market's growth are accelerated industrialization and augmented demand from numerous end-user industries.
- A significant amount of the gasket and seal market is also subjected to growth in the automotive sector, and according to OICA, automobile production in China and India was to increase by 3% and 24% in 2022 compared to the same period in 2021.
- China is a hub for chemical processing, accounting for a significant chunk of the chemicals produced globally. With the growing demand for various chemicals globally, the demand for gaskets 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 significant 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.
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Gaskets & Seals Industry Overview
The gaskets and seals market is highly fragmented. The major players (not in any particular order) include Dechengwang, Flowserve Corporation, Freudenberg Sealing Technologies, Dätwyler Holding Inc., and Tenneco Inc., among others.
Gaskets & Seals Market Leaders
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Flowserve Corporation
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Tenneco Inc.
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Freudenberg Sealing Technologies
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Dätwyler Holding Inc.
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Dechengwang
- *Disclaimer: Major Players sorted in no particular order
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Gaskets & Seals Market News
October 2023: Trelleborg Sealing Solutions has launched the H2Pro line of sealing materials specifically engineered for use in various hydrogen applications.
April 2023: John Crane announced the launch of the Type SB2/SB2A USP seal, combining the Type SB2/SB2A heavy-duty dual cartridge seal with their unique Upstream Pumping (USP) technology.
Gaskets & Seals Industry Segmentation
Gaskets and seals are elastomeric components employed to seal the junction between coupling surfaces, preventing fluid and gas leakage. They are typically crafted from diverse materials like rubber, silicone, cork, paper, metal, copper, and foam. These components offer numerous advantages, such as exceptional reliability, increased strength, flexibility, resistance to elevated temperatures and pressure, and the ability to withstand substantial compressive loads.
The gaskets and seals market is segmented by product, material, application, and geography. By product, the market is segmented into gaskets (metallic gasket, rubber gasket, cork gasket, non-asbestos gasket, spiral wound gasket, other gaskets (semi-metallic gasket)) and seals (shaft seals, molded seals, motor vehicle body seals, other seals(fork seals and pistol seals). By material, the market is segmented into fiber, graphite, PTFE, rubber, and other materials (metal, cork, polymers, and felt). By application, the market is segmented into aerospace, automotive, electronics, oil and gas, power generation, and other applications. The report also covers the market size and forecasts for the gaskets and seals market for 15 major countries across the major regions.
For each segment, the market sizing and forecasts have been done on the basis of value (USD).
| Product | Gaskets | Metallic Gasket | |
| Rubber Gasket | |||
| Cork Gasket | |||
| Non-asbestos Gasket | |||
| Spiral Wound Gasket | |||
| Other Gaskets (Semi-Metallic Gasket) | |||
| Seals | Shaft Seals | ||
| Molded Seals | |||
| Motor Vehicle Body Seals | |||
| Other Seals (Fork Seal and Piston Seal) | |||
| Material | Fiber | ||
| Graphite | |||
| PTFE | |||
| Rubber | |||
| Other Materials (Metal, Cork, Polymers and Felt) | |||
| Application | Aerospace | ||
| Automotive | |||
| Electronics | |||
| Oil and Gas | |||
| Power Generation | |||
| Other Applications (Industrial) | |||
| Geography | Asia-Pacific | China | |
| India | |||
| Japan | |||
| South Korea | |||
| Rest of Asia-Pacific | |||
| North America | United States | ||
| Canada | |||
| Mexico | |||
| Europe | Germany | ||
| United Kingdom | |||
| France | |||
| Italy | |||
| Rest of Europe | |||
| South America | Brazil | ||
| Argentina | |||
| Rest of South America | |||
| Middle East and Africa | Saudi Arabia | ||
| South Africa | |||
| Rest of Middle-East and Africa | |||
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Gaskets & Seals Market Research FAQs
How big is the Gaskets and Seals Market?
The Gaskets and Seals Market size is expected to reach USD 75.87 billion in 2025 and grow at a CAGR of greater than 4% to reach USD 92.31 billion by 2030.
What is the current Gaskets and Seals Market size?
In 2025, the Gaskets and Seals Market size is expected to reach USD 75.87 billion.
Who are the key players in Gaskets and Seals Market?
Flowserve Corporation, Tenneco Inc., Freudenberg Sealing Technologies, Dätwyler Holding Inc. and Dechengwang are the major companies operating in the Gaskets and Seals Market.
Which is the fastest growing region in Gaskets and Seals Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Gaskets and Seals Market?
In 2025, the Asia Pacific accounts for the largest market share in Gaskets and Seals Market.
What years does this Gaskets and Seals Market cover, and what was the market size in 2024?
In 2024, the Gaskets and Seals Market size was estimated at USD 72.84 billion. The report covers the Gaskets and Seals Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Gaskets and Seals Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Gaskets and Seals Industry Report
Statistics for the 2025 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 for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
