The Elastomeric Gaskets market report contains a detailed study of factors that will drive and restrain the growth of the Global elastomeric gaskets market. Elastomeric gaskets are made from silicone elastomer-based materials like rubber, silicone foam, fluorosilicone, silicone sponge, and cellular urethane. Growing demand from aerospace & defense application, excellent properties of elastomeric gaskets, increasing spending on medical devices are expected to boost the elastomeric gaskets market during the forecast period.
The dearth of universal directives pertaining to applications of elastomeric gaskets, less adoption in underdeveloped countries are restraining the market growth during the forecast period.
Global elastomeric gaskets market is segmented by Material, by technology, by end user and by region. By Material, market is segmented into Rubber, Silicone Foam, Fluorosilicone, Silicone Sponge, and Cellular Urethane. By Technology, Injection Molding, Extrusion, Die Cutting, Stamping, Compression Molding, Hand Fabrication and Others (Including Precision Grinding, and Rubber-to-Metal Bonding). By End-User market is segmented into Building & Construction, Automotive, Electrical & Electronics, Aerospace & Defense, Marine and Others (Including Industrial)
By end-user, Aerospace & Defense segment is expected to hold major market share during the forecast period owing to growing demand for aircraft in developing and developed countries
By geography, elastomeric gaskets market is segmented into North America, APAC, Europe, MEA& Africa, and Latin America. Among all of these regions, APAC held the highest market share in 2019 and is expected to keep its dominance during the forecast period. Various end-use industries such as automotive, aerospace, building & construction are rapidly expanding in China, India, Japan, ASEAN, and Australia.
Major Key players operating in this market are Elring, Boyd Corporation, Hoosier Gasket Corporation, Hoosier Gasket Corporation, Stockwell Elastomerics, Inc., Boyd Corporation, Parker Hannifin, Universal Rubber Products, Atlantic Gasket Corporation, Hennig Gasket & Seals, Alpha Elastomers, China Yeeh Industrial and Freudenberg Sealing Technologies. These key players are adopting various organic and inorganic growth strategies such as merger & acquisition, joint venture, collaboration, strategic alliances etc. to increase their geographical presence and business operations.
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