Gasket and Seals Market in US 2019-2023

Gasket and Seals Market in US 2019-2023

  • December 2018 •
  • 116 pages •
  • Report ID: 5678745 •
  • Format: PDF
About this market
The increase in R&D activities to help market grow. The rising innovations and product developments in gasket and seals are expected to drive growth in the market during the forecast period. Technavio’s analysts have predicted that the gasket and seals market in US will register a CAGR of close to 4% by 2023.

Market Overview
Growth in automotive industry
The increasing use of gaskets and seals in fuel injection, steering, pinion oil, axle, transmission, fuel pump, brake pump, and coolant pump is expected to drive market growth.
Volatility in raw materials
The fluctuating prices of raw materials for the production of metallic and non-metallic gaskets and seals is expected to hamper market growth.
For the detailed list of factors that will drive and challenge the growth of the gasket and seals market in US during the 2019-2023, view our report.

Competitive Landscape
The market appears to be fragmented and with the presence of several companies including Dana and ElringKlinger the competitive environment is quite intense. Factors such as the increase in R&D activities and the growth in automotive industry, will provide considerable growth opportunities to gasket and seals manufactures. Dana, ElringKlinger, Flowserve, SKF, Tenneco (Federal-Mogul), and Trelleborg are some of the major companies covered in this report.