Elastic Gaskets Market Projected To Reach US$ 3,220.3 Mn By 2026
Added: (Thu May 30 2019)
Pressbox (Press Release) -
According to the latest report published by Credence Research, Inc. “Global Elastic Gaskets Market - Growth, Future Prospects and Competitive Analysis, 2018-2026,” the global elastic gaskets market was valued at US$ 2,201.1 Mn in 2017, expected to grow at a CAGR of 4.5% from 2018 to 2026.
Browse the full report Global Elastic Gaskets Market 2018-2026 report at https://www.credenceresearch.com/report/elastic-gaskets-market
Market Insights
Demand for elastic gaskets is expected to witness a significant growth in the coming years due to the steady growth of the automotive and electronics industry. The automotive industry is switching to lightweight materials. Companies operating in the elastic gasket market are focusing on research and development to produce innovative products with advanced specifications in terms of operating temperature, material compatibility, tensile strength, elongation at break, compression set, stress relaxation, resistance to ageing, behavior in the cold, ozone resistance, and chemical resistance.
Rising end-use industries in Asia Pacific is a key factor driving market growth for elastic gaskets at present. Asia-Pacific is the world’s biggest manufacturing hub for consumer electronics, electronic devices & components, and automotive components. Elastic gaskets finds promising application in aforementioned industries thus driving the overall market growth. After a period of sluggish growth between 2009 and 2012, the commercial vehicle production revived in Asia-Pacific region.
Countries such as China, Japan, India, and Indonesia have witnessed a tremendous growth in production of automotive from 2012 to 2016, and this trend is expected to continue in coming years, which in turn will propel the demand for elastic gaskets in automotive industry in coming years. In addition to this, the advent of 3D printing in gaskets and seals is another key factor driving market growth of elastic gaskets. Manufacturers now prefer 3D printing technology to produce gaskets in bulk to save time and cost. Owing to rising demand and ongoing innovation in the gaskets and seals market, manufacturers are responding to this change by introducing advanced 3D printers and new materials compatible with these 3D printers.
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3D printed elastic gaskets offer several advantages to manufacturers such as fast turnaround, inexpensive low volume production, and greater flexibility in terms of multiple materials and multi-material prints. 3D printing technology offers capabilities for producing customized elastic gaskets suitable for varied applications. This is leading to the increasing adoption of this technology for the manufacture of gaskets which in turn driving the overall market growth. However, growing customization in gasket designs pose as a suitable opportunity for the growth the market in the coming years.
Customization in gaskets includes manufacturing of gaskets in any size and shape of gaskets depending upon the customers’ requirements. Players present in the industry are keen to address the customer’s changing requirements by providing customized elastic gaskets used in non-traditional end-use industries such as aerospace & defense, medical & healthcare, energy & power, food & pharmaceuticals, etc. consequently creating huge growth opportunities for elastic gaskets.
Asia Pacific led the growth of the elastic gaskets market in 2017 and expected to display similar trend in the coming years as well. China, Japan and India are expected to be the frontrunners to the growth of the elastic gaskets market within Asia Pacific. The growth of the elastic gaskets market in the region is majorly driven by the steady growth of the automotive and the electronics & electrical industry. The region is also expected to display the fastest growth during the forecast period from 2018 to 2026 as well.
The global elastic gaskets market is marked by intense competition from the major players operating in this industry. Tactical mergers & acquisitions, joint ventures & partnerships, product & packaging developments, and expansions among others are some of the key strategies taken by the leading players in order to ensure long term sustenance in this industry. Notable players operating in the global elastic gaskets market include Boyd Corporation, DowDupont Inc., Parker Hannifin Corporation, James Walker, SRP, Stockwell Elastomerics Inc., W.L. Gore & Associates, Dana Holdings Corporation, Elring Klinger A.G., and Denver Rubber Company among others.
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TOC :
Chapter 3 Market Dynamics 22
3.1 Global Elastic Gaskets Market Overview 22
3.1 Market Dynamics 23
3.1.1 Market Drivers 23
3.1.1.1 Growing End-use Industries in Asia-Pacific fueling the Overall Market Growth 23
3.1.1.2 Advent of 3D Printing in Gaskets & Seals Market Propelling the Market Growth 25
3.1.2 Market Challenges 25
3.1.2.1 Fluctuating Raw Material Prices 25
3.1.3 Market Opportunities 26
3.1.3.1 Increasing Customization in Gaskets Designs Offering Growth Opportunities in Several End-use Industries 26
3.2 Attractive Investment Proposition, by Geography, 2017 27
Chapter 4 Global Elastic Gaskets Market, by Material 28
4.1 Overview 28
4.1.1 Global Elastic Gaskets Market Value Share, by Material, 2017 & 2026 (Value, %) 28
4.1.2 Global Elastic Gaskets Market, by Material, 2016 – 2026 (US$ Mn) 29
4.2 Nitrile Butadiene Rubber (NBR) 29
4.2.1 Global Elastic Gaskets Market, by Nitrile Butadiene Rubber (NBR), 2016 – 2026 (US$ Mn) 30
4.3 Ethylene Propylene Diene Monomer (EPDM) 30
4.3.1 Global Elastic Gaskets Market, by Ethylene Propylene Diene Monomer (EPDM), 2016 – 2026 (US$ Mn) 31
4.4 Neoprene 32
4.4.1 Global Elastic Gaskets Market, by Neoprene, 2016 – 2026 (US$ Mn) 32
4.5 Silicone 33
4.5.1 Global Elastic Gaskets Market, by Silicone, 2016 – 2026 (US$ Mn) 34
4.6 Fluoroelastomers 34
4.6.1 Global Elastic Gaskets Market, by Fluoroelastomers, 2016 – 2026 (US$ Mn) 35
4.7 Others (natural rubber, styrene butadiene rubber, etc.) 35
4.7.1 Global Elastic Gaskets Market, by Others, 2016 – 2026 (US$ Mn) 36
Chapter 5 Global Elastic Gaskets Market, by Application 37
5.1 Overview 37
5.1.1 Global Elastic Gaskets Market Value Share, by Application, 2017 & 2026 (Value, %) 38
5.1.2 Global Elastic Gaskets Market, by Application, 2016 – 2026 (US$ Mn) 38
5.2 Automotive 39
5.2.1 Global Elastic Gaskets Market, by Automotive, 2016 – 2026 (US$ Mn) 39
5.2.2 Cylinder Head 40
5.2.2.1 Global Elastic Gaskets Market, by Cylinder Head, 2016-2026 (US$ Mn) 40
5.2.3 Oil Chamber 41
5.2.3.1 Global Elastic Gaskets Market, by Oil Chamber , 2016-2026 (US$Mn) 41
5.2.4 Fuel Systems 42
5.2.4.1 Global Elastic Gaskets Market, by Fuel Systems, 2016-2026 (US$ Mn) 42
5.2.5 Cooling Systems 43
5.2.5.1 Global Elastic Gaskets Market, by Cooling Systems, 2016-2026 (US$ Mn) 43
5.2.6 Others (exhaust system, electrical systems, etc.) 44
5.2.6.1 Global Elastic Gaskets Market, by Others, 2016-2026 (US$ Mn) 44
5.3 Electronics 45
5.3.1 Global Elastic Gaskets Market, by Electronics, 2016 – 2026 (US$ Mn) 45
5.3.2 Enclosure Boxes 45
5.3.2.1 Global Elastic Gaskets Market, by Enclosure Boxes, 2016-2026 (US$ Mn) 46
5.3.3 Transformers 46
5.3.3.1 Global Elastic Gaskets Market, by Transformers, 2016-2026 (US$ Mn) 47
5.3.4 LED & LCD Displays 47
5.3.4.1 Global Elastic Gaskets Market, by LED & LCD Displays, 2016-2026 (US$ Mn) 48
5.3.5 Lighting Fixtures 48
5.3.5.1 Global Elastic Gaskets Market, by Lighting Fixtures, 2016-2026 (US$ Mn) 50
5.3.6 Others (switches, printed circuit board, etc.) 50
5.3.6.1 Global Elastic Gaskets Market, by Others, 2016-2026 (US$ Mn) 51
Chapter 6 Global Elastic Gaskets Market, by Geography 52
6.1 Overview 52
6.1.1 Global Elastic Gaskets Market Value Share, by Geography, 2017 & 2026 (Value, %) 52
6.1.2 Global Elastic Gaskets Market, by Geography, 2016 – 2026 (US$ Mn) 52
6.2 North America 53
6.2.1 North America Elastic Gaskets Market, by Material, 2016 – 2026 (US$ Mn) 53
6.2.2 North America Elastic Gaskets Market, by Application, 2016 – 2026 (US$ Mn) 54
6.2.2.1 North America Elastic Gaskets Market, by Automotive, 2016 – 2026 (US$ Mn) 54
6.2.2.2 North America Elastic Gaskets Market, by Electronics, 2016 – 2026 (US$ Mn) 55
6.2.3 North America Elastic Gaskets Market, by Country, 2016 – 2026 (US$ Mn) 55
6.3 Europe 56
Chapter 7 Competitive Landscape 68
7.1 Market Position of Key Players 68
7.2 Company Profiles 69
7.2.1 Boyd Corporation 69
7.2.2 Dana Holdings Corporation 70
7.2.3 Denver Rubber Company 71
7.2.4 DowDupont Inc. 72
7.2.5 Elring Linger A.G. 73
7.2.6 James Walker 74
7.2.7 Parker Hannifin Corporation 75
7.2.8 SRP 76
7.2.9 Stockwell Elastomerics Inc. 77
7.2.10 W.L. Gore & Associates 78
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