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Encapsulated Gaskets/Seals Market: Overview

  • Seals are molded or machined products. They are flat and round in shape such as an O-ring. Gaskets are cut into different shapes to fit in the bolt spacing of a component and design.  Gasket is a type of seal used to join two components with flat surface. It is a piece of material placed between two parts to join the two surfaces. It is used to fill irregularities in surfaces. It is produced from different types of materials including silicon, rubber, fiberglass, paper, metal, and polymer.
  • Encapsulated gaskets/seals are specifically developed to address common issues such as chemical and temperature resistance
  • Encapsulation of gaskets/seals is done with the Teflon and various other materials. Encapsulation provides high thermal stability and resistance to gaskets/seals. There are two types of encapsulation: hollow and core.

Growth in Automotive and Aerospace Industries to Drive Market

  • Rise in demand for Form-in-Place (FIP) gaskets and sealing solutions in aerospace and automotive applications is expected to drive the global encapsulated gaskets/seals market during the forecast period
  • Increase in environmental concerns and government regulations for industrial emissions across the world is also anticipated to drive the demand for gasket and sealing solutions in the manufacturing industry
  • Encapsulated gaskets and seals are critical components in fluid and gas transfer applications in different industries. Gaskets and seals prevent leakages and maintain production efficiency.
  • Key manufacturers are investing in research and development activities to come up with innovative products such as elastomers and engineered plastics to manufacture innovative seals for various applications. Companies are working on the development of advanced encapsulated gaskets and seals that are lightweight and space-saving and offer thermal resistance. This is projected to drive the global encapsulated gaskets/seals market in the near future.
  • Volatility in prices of raw materials is estimated to restrain the market during the forecast period
  • The global encapsulated gaskets/seals market is facing supply-demand shortages due to the industrial shutdown caused by the COVID-19 pandemic. This disruption in supply is projected to hamper the market in the near future.
  • The epidemic has disrupted the whole supply chain network, as there was limited/no production in organizations due to lockdown. Some companies had limited access to workforce. The Covid-19 pandemic has adversely impacted the overall production of factories. 
  • The pandemic has also negatively affected the global economy. This has resulted in decrease in demand for various products. In turn, this has affected the global manufacturing industry. These factors are projected to hamper the global encapsulated gaskets/seals market during the forecast period.

Seals Product Type Segment to Offer Lucrative Opportunities

  • Based on product type, the global encapsulated gaskets/seals market can be bifurcated into gaskets and seals. The gaskets segment can be further divided into non-metallic, semi-metallic, and metallic. The seals segment can be further sub-segmented into shaft seals, molded packing & seals, motor vehicle seals, and others.
  • The seals segment is anticipated to dominate the encapsulated gaskets/seals market during the forecast period

Automotive Application Segment to Offer Lucrative Opportunities

  • Based on application, the global encapsulated gaskets/seals market can be segregated into automotive, pharmaceuticals, aerospace, oil & gas, dairy & beverages, wine/beer, marine & rail, industrial & manufacturing, chemicals & petrochemicals, and others
  • The automotive segment is estimated to dominate the encapsulated gaskets/seals market during the forecast period

OMEs End-use Segment to Hold Major Share of Market

  • Based on end-use, the global encapsulated gaskets/seals market can be bifurcated into OMEs and aftermarket
  • The OMEs segment held major share of the market in 2019. This trend is expected to continue during the forecast period.
  • Rise in demand for encapsulated gaskets/seals from aerospace, electronics, and other industries is likely to drive the global encapsulated gaskets/seals market during the forecast period

Asia Pacific to Constitute Significant Share of Global Market

  • In terms of region, the global encapsulated gaskets/seals market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • Expansion of the aerospace & defense industry in Europe is likely to boost the encapsulated gaskets/seals market in the region. Rise in defense expenditures by Germany and France in order to fulfill North Atlantic Treaty Organization (NATO) requirements is driving the aerospace & defense industry in the region. This is anticipated to boost the demand for encapsulated gaskets/seals during the forecast period.
  • Stable economic growth, expanding manufacturing industry, growing business investment spending, etc. are estimated to drive the encapsulated gaskets/seals market in Asia Pacific
  • The Middle East is one of the key contributors to the global aerospace MRO industry. This is driving the demand for encapsulated gaskets/seals in the region.

Key Players in Market

The global encapsulated gaskets/seals market is fragmented, with the presence of several regional and global manufacturers. Prominent players operating in the market are investing in research and development of advanced products in order to maintain their leading position. Key players in the market are collaborating with technology service providers to offer smart solutions. Companies enter into long-term supply and MRO contracts in order to maintain their position in the market.

Leading players operating in the global encapsulated gaskets/seals market include:

  • Vulcan Engineering Limited
  • Northern Engineering (Sheffield) Ltd
  • Epidor Seal and Rubber Technology
  • Flowserve Corporation
  • Garlock Sealing Technologies LLC.
  • SPETECH
  • UK Seals & Polymers Limited

Global Encapsulated Gaskets/Seals Market: Research Scope

Global Encapsulated Gaskets/Seals Market, by Product Type

  • Gaskets
    • Non-metallic
    • Semi-metallic
    • Metallic
  • Seals
    • Shaft Seals
    • Molded Packing & Seals
    • Motor Vehicle Seals
    • Others

Global Encapsulated Gaskets/Seals Market, by Application

  • Automotive
  • Pharmaceuticals
  • Aerospace
  • Oil & Gas
  • Dairy & Beverage, Wine/Beer Industry
  • Marine & Rail
  • Industrial & Manufacturing
  • Chemicals & Petrochemicals
  • Others

Global Encapsulated Gaskets/Seals Market, by End-use

  • OEMs
  • Aftermarket

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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