Anaerobic Gasket Makers Market: Introduction
- Anaerobic gasket makers are used to increase the seal and holding force of mechanically joined assemblies. They are used as thread lockers, retaining materials, thread sealants, and flange sealants. The usage of anaerobic sealants reduces component inventories, and increases equipment reliability.
- Anaerobic gasket makers are employed in various industries such as automotive, marine, and aerospace due to their physical and chemical attributes such as prevention of corrosion, excellent chemical resistance, and high blowout resistance
Key Drivers of Anaerobic Gasket Makers Market
- Expansion of the automotive industry due to the rise in demand for vehicles is anticipated to boost the demand for anaerobic gasket makers, as these are used in various parts of vehicles such as gearbox and engine casings
- Increase in demand for heat exchangers, led by the rise in awareness about enhancing energy efficiency, is estimated to propel the demand for anaerobic gasket makers, as these are used in maintenance of heat exchangers
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Automotive Application Segment to Dominate Global Anaerobic Gasket Makers Market
- Rise in concerns regarding safety of passengers is expected to boost the demand for maintenance services of automobiles. In turn, this is projected to drive the anaerobic gasket makers market, as anaerobic gasket makers are used in maintenance and repair of vehicles
- Increase in demand for fuel and water pumps owing to the growth in demand from construction and automotive industries is likely to fuel the anaerobic gasket makers market. Major manufacturers use anaerobic gasket makers in maintenance of pumps, as anaerobic gasket makers seal leaks and ensure consistent performance.
Anaerobic Gasket Makers Market: Restraints
- Increase in regulations regarding the emission of volatile organic compounds (VOCs) from these products in North America and Europe is expected to hamper the market during the forecast period
Anaerobic Gasket Makers Market Opportunities
- Rise in demand for oil and gas has led to an increase in exploration activities. This has boosted the demand for fluid handling systems. Fluid handling systems need to deal with conditions such as high pressure. Anaerobic gasket makers are employed in various chemicals in fluid handling systems to avoid leakage and provide resistance against some chemicals. This is anticipated to provide opportunities for anaerobic gasket makers during the forecast period.
- Increase in demand for two-wheeler transmission in North America and Europe is estimated to provide lucrative opportunities for anaerobic gasket makers
Europe to Hold Significant Share of Anaerobic Gasket Makers Market
- In terms of region, the anaerobic gasket makers market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
- Europe is a dominant region of the global anaerobic gaskets makers market compared to other regions. This can be ascribed to the rise in number of repair shops and increase in usage of anaerobic gaskets in the region.
- The market in Asia Pacific is anticipated to gain traction due to the presence of well-established automotive industry and rise in usage of anaerobic gasket makers in engine and gearboxes of cars
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Key Players Operating in Market
Major players operating in the global anaerobic gasket makers market include:
- Henkel AG & Co. KGaA
- Hylomar Ltd
Anaerobic Gasket Makers Market: Research Scope
Anaerobic Gasket Makers Market Segment, by Application
- Heavy Equipment
Anaerobic Gasket Makers Market Segment, by Region
- North America
- Russia & CIS
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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