Plastic Based Gasket Market was valued at USD 2.5 Billion in 2022 and is projected to reach USD 4.1 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030.
The global plastic-based gasket market has seen significant growth from 2018 to 2022, driven by increasing industrial applications and advancements in material technology. Plastic gaskets, which provide superior sealing and are resistant to corrosion, heat, and various chemicals, have found widespread use across industries such as automotive, aerospace, and manufacturing. During this period, the demand for plastic-based gaskets surged due to their cost-effectiveness and ease of customization for specific applications.
From 2023 to 2033, the plastic-based gasket market is expected to witness even greater demand, thanks to innovations in materials like PTFE, polypropylene, and elastomeric plastics. These advancements have made plastic gaskets more durable and capable of withstanding extreme conditions. As industries continue to prioritize cost reduction, efficiency, and reliability, plastic gaskets are anticipated to remain a crucial part of various applications, especially in sectors where sealing technologies are critical for operational performance.
In particular, the automotive sector has been a major contributor to the market growth, with automotive manufacturers increasingly turning to plastic-based gaskets for sealing engine components, exhaust systems, and other critical parts. As electric vehicles (EVs) become more prevalent, the demand for lightweight, high-performance gaskets is expected to rise, fueling further market growth. Additionally, the aerospace industry has begun to adopt advanced plastic gaskets in sealing critical parts of aircraft, as these materials offer a combination of flexibility and strength.
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Dana Holding Corporation
James Walker
Parker Hannifin
Bal Seal Engineering
Tenneco(Federal-Mogul)
Flexitallic Group
Garlock Sealing Technology
Trelleborg
Lamons
SKF Group
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Plastic Based Gasket Market
Machinery
Electrical & Electronic Products
Aerospace Equipment
Marine & Rail Equipment
Based on Types the Market is categorized into Below types that held the largest Plastic Based Gasket market share In 2023.
Expanded Graphite Gaskets
Conventional Fiber-Based Gaskets
Other Nonmetallic Gaskets
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Plastic Based Gasket Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Plastic Based Gasket Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Plastic Based Gasket Market, By Type
6. Global Plastic Based Gasket Market, By Application
7. Global Plastic Based Gasket Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Plastic Based Gasket Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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