Global Automotive Gasket and Seal Market was valued US$ 63.80 Bn in 2019 and is expected to reach 96.20 Bn by 2027, at a CAGR of 5.27 % during a forecast period.

Global Automotive Gasket and Seal Market Overview:

The key components that are frequently utilised in automobiles to prevent fluid and gas leakage are gaskets and seals. These components help to prevent leaks by filling the gaps between several vehicle components.

The global gaskets and seals market is likely to be driven by technological advances in the automobile sector and customer demand for higher fuel efficiency and vehicle performance. Automobile firms are focusing their efforts on lowering maintenance costs and improving safety.

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Global Automotive Gasket and Seal Market Scope and Dynamics:

Automotive gasket and seal components have become safer and more effective as a result of technological improvements. Due to rising consumer demand for lightweight materials, silicone rubber has become a popular choice for gaskets and seals. To withstand high heat and pressure, lightweight material components in the vehicle industry are sealed using high-strength gaskets. It also aids in the improvement of vehicle fuel efficiency.

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Global Automotive Gasket and Seal Market Segmentation:

Global Automotive Gasket and Seal Market, by Material Type

• Plastic polymer • Fibre • Silicon • Rubber • Metal

Global Automotive Gasket and Seal Market, by Application

• Cooling application • Transmission • Engine • Brake • Fuel supply • Battery

Global Automotive Gasket and Seal Market, by Product Type

• Cylinder head gaskets • O-ring seals • Valve stem seals • Vent Seal • Plug in seals • Rotary seals

Key Players in Global Automotive Gasket and Seal Market:

• Dana Limited
• Federal-Mogul Corporation
• Trelleborg AB
• Datwyler
• Elringklinger
• SKF AB
• Smiths Group plc.
• Freudenberg Sealing Technologies
• Flowserve Corporation
• Victor Gaskets India LTD.
• Keith Payne
• Garlock
• EagleBurgmann
• GARDICO
• Mercer Gasket & Shim
• Vanguard Products

Global Automotive Gasket and Seal Market Regional Insights:

The country-level subdivision of the North American market comprises forecasts and analyses for the United States, Canada, and the Rest of North America. The Global Automotive Gasket and Seal market in the United Kingdom, Germany, France, and the rest of Europe is observed and forecasted at the country level in Europe. The Asia Pacific market country-level analysis and forecast comprises major countries in the region such as India, China, Japan, and the Rest of Asia Pacific. GCC countries, South Africa, and the rest of the Middle East and Africa are comprised in the country-level analysis and forecast for the Middle East and Africa. The Global Automotive Gasket and Seal market in South America is alienated into two segments: Brazil and the rest of South America.

Impact of COVID-19 on the Global Automotive Gasket and Seal Market:

Several projects in the construction and manufacturing industry have been terminated or delayed due to the occurrence of the unique COVID-19 pandemic. Demand for sports floors is anticipated to remain lower than usual due to the conclusion of yoga centres, gymnasiums and other indoor and outdoor sporting facilities as a result of stringent lockdown regulations, limitations on internal and cross-border transportation, and procedures to contain the virus's transmission. Additionally, due to the current economic condition in several regions and the negative impact of the pandemic, some projects have been put on hold or are anticipated to be postponed. Market accomplices may be able to profit from these prospects to produce cash during the pandemic, as governments rush to physique interim COVID-19 centres and permanent healthcare amenities.

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