According to a market report by Lucintel, the future of the global semi-metallic gasket market looks promising with opportunities in the automotive, general equipment, and electrical equipment markets. The global semi-metallic gasket market is expected to reach an estimated $3.83 billion by 2028 with a CAGR of 4.5% from 2023 to 2028. The major drivers for this market are increasing demand for lightweight and fuel-efficient vehicles, and growing demand for eco-friendly and recyclable products across the globe.
In this market, flange gasket, sealing gasket, and cylinder gasket are different segments of semi-metallic gasket market by type. Lucintel forecasts that flange gasket is expected to remain the highest growing segment over the forecast period due to its increasing usage in a variety of applications, such as automotive, general equipment, and electrical equipment industries owing to its heat and oil resistance capability.
Within this market, automotive is expected to remain the largest segment due to growing demand for high-performance engines and vehicles, and increasing inclination towards sealing and gaskets with low thermal conductivity for manufacturing electric vehicles.
APAC will remain the largest region during the forecast period due to rapid industrialization along with increasing automotive production across the region.
ElringKlinger, Freudenberg Sealing Technologies, Trelleborg, The Flexitallic Group, Dana, EnPro Industries, W. L. Gore and Associates, Parker Hannifin, Teadit, Hamilton Kent, Calvo Sealing, and Yantai Ishikawa are the major suppliers in the global semi-metallic gasket market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global semi-metallic gasket market by type, application, and region. Lucintel has compiled a comprehensive research report titled “Growth Opportunities in the Global Semi-Metallic Gasket Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global semi-metallic gasket market by type, application, and region, as follows:
Semi-Metallic Gasket Market by Type [Value ($B) Shipment Analysis from 2017 to 2028]:
Flange Gaskets
Sealing Gaskets
Cylinder Gaskets
Others
Semi-Metallic Gasket Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:
Automotive
General Equipment
Electrical Equipment
Others
Semi-Metallic Gasket Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
North America
Europe
Asia Pacific
The Rest of the World
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.
About Lucintel
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This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the semi-metallic gasket market by type (flange gaskets, sealing gaskets, cylinder gaskets, and others), application (automotive, general equipment, electrical equipment, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity did occur in the last five years and how did they impact the industry?