Gaskets and seals are mechanical fixtures that are used to prevent leakage of fluid between two components and admission of debris in engines. Gaskets act as a static seal between two non-mobile flat flanges.They are primarily used to seal the hydraulic line to prevent leakage from the shaft end. Both gaskets and seals offer high flexibility, reliability, strength and resistance to extreme heat.
The global gaskets and seals market reached a value of US$ 71 Billion in 2019. The thriving automotive industry, along with the increasing product utilization in the plumbing and construction sector, represent the key factors driving the market growth.
In the future, the gaskets and seals market is expected to register a CAGR of over 5% during the forecast period. Especially, the automotive industry is likely to dominate the gaskets and seals market.
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