The Europe Gaskets and Seals Market is experiencing robust growth, driven by the expanding automotive and industrial sectors. Infrastructure development and stringent regulatory standards further contribute to the market's positive trajectory. Technological advancements in materials and manufacturing processes enhance the performance and durability of gaskets and seals, increasing their demand across various industries. Additionally, the focus on sustainability fosters the adoption of eco-friendly and energy-efficient solutions. The aftermarket demand for gaskets and seals in maintenance and replacements also boosts market expansion.
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Data Bridge Market Research analyses that the Europe gaskets and seals market is expected to grow at a CAGR of 5.4% in the forecast period of 2023 to 2030 and is expected to reach USD 22,073.50 million by 2030. The growing energy sector in Europe, especially in renewable energy projects and oil and gas exploration, necessitated reliable gaskets and seals for critical applications. These components are essential for ensuring leak-tightness and safety in energy infrastructure.
Key Findings of the Study
Increasing focus on sustainability is expected to drive the market's growth rate
The increasing focus on sustainability in Europe has prompted industries to prioritize eco-friendly and energy-efficient gaskets and seals. Companies are striving to minimize their environmental footprint by adopting environmentally responsible sealing products that reduce waste and energy consumption. Emphasizing sustainable solutions aligns with corporate social responsibility goals and addresses the growing demand from environmentally conscious consumers. As a result, the adoption of eco-friendly gaskets and seals has grown across various sectors, contributing to a greener and more sustainable future.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Gaskets and Seals), Application (Heat Exchangers, Pressure Vessels, Manhole Covers, Handhole, Valve Bonnets, Pipe Flanges, and Others), Distribution Channel (OEM’S and Aftermarket), Industry (Paper and Pulp Industry, Oil and Gas, Electrical, Automotive, Aerospace, Industrial Manufacturing, Marine and Rail and Others).
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Countries Covered
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Germany, U.K., Italy, France, Spain, Russia, Turkey, Switzerland, Belgium, Netherlands, Rest of Europe.
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Market Players Covered
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SKF (Sweden), Freudenberg FST GmbH (Germany), Flowserve Corporation (U.S.), John Crane (U.S.), BRUSS Sealing Systems GmbH (Germany), Trelleborg AB (Sweden), ElringKlinger AG (Germany), Cooper Standard (U.S.), GARLOCK FAMILY OF COMPANIES (U.S.), Dätwyler Holding Inc. (Switzerland), Lamons LGC US Asset Holdings (U.S.), W. L. Gore & Associates, Inc. (U.S.), IDT (U.S.), NICHIAS Corporation (Japan), Tenneco Inc (U.S.), TT Gaskets (U.K.), HAFF-Dichtungen GmbH (Germany), AMG Sealing Limited (U.K.), PAR Group (U.K.) among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The gaskets and seals market is segmented on the basis of type, application, distribution channel, and industry.
- On the basis of type, the Europe gaskets and seals market is segmented into gaskets and seals.
- On the basis of application, the Europe gaskets and seals market is segmented into heat exchangers, pressure vessels, manhole covers, handhole, valve bonnets, pipe flanges, and others.
- On the basis of distribution channel, the Europe gaskets and seals market is segmented into OEM’s and aftermarket.
- On the basis of industry, the Europe gaskets and seals market is segmented into paper and pulp industry, oil and gas, electrical, automotive, aerospace, industrial manufacturing, marine and rail, and others.
Major Players
Data Bridge Market Research recognizes the following companies as the major Europe gaskets and seals market players in Europe gaskets and seals market are ElringKlinger AG (Germany), Cooper Standard (U.S.), GARLOCK FAMILY OF COMPANIES (U.S.), Dätwyler Holding Inc. (Switzerland), Lamons LGC US Asset Holdings (U.S.), W. L. Gore & Associates, Inc. (U.S.), IDT (U.S.)
Market Developments
- In 2022, Erith Group, an engineering solutions company providing high-end engineered sealing products started the production of industrial seals and gaskets for international-level of markets from its manufacturing hub in Ras Al Khaimah.
- In 2022, Dana launched Spicer off-highway transmission kits to minimize downtime and ensure the serviceability of equipment and vehicles. These kits offer parts that are needed to implement transmission service and repair. The kits feature improved packaging of seals, gaskets, and o-rings, grouped for OEM usage and transmission configuration.
- In 2020, ElringKlinger AG developed a new business unit, “Metal Sealing Systems & Drivetrain Components", which gathers the expertise of two former units- Specialty Gaskets and Cylinder-head Gaskets.
- In 2020, Trelleborg AB have decided to launch the Next Generation Fire Seal which are used in the automotive and aerospace industry. This development helps the company to increase revenue.
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