The global gaskets market size was valued at US$8.9 billion in 2024, and is projected to reach US$10.6 billion by 2031, witnessing a market growth CAGR of 2.5% from 2024 to 2031, according to an analysis by Stratview Research. The market is segmented based on end-use industry type and region. Based on end-use industry type, the gaskets market is divided into transportation, processing, electrical & electronics, mobile machinery, manufacturing tools, energy & power, and other end-use industries. The transportation industry is expected to maintain its dominance in the gaskets market throughout the forecast period due to the high demand for gaskets in various transportation systems, including automotive, aerospace, railways, and marine vessels. In the automotive sector, gaskets are critical components in engines, exhaust systems, and fuel systems, where they play a vital role in ensuring leak-proof operation and preventing fluid or gas leakage. With the ongoing evolution of the automotive industry towards more advanced, fuel-efficient, and environmentally friendly vehicles, the demand for high-performance gaskets continues to rise. Additionally, the increasing production of electric vehicles (EVs) has opened new opportunities for gaskets in battery packs, powertrains, and other critical systems. In aerospace, gaskets are used in engines, hydraulic systems, and fuel systems to prevent leaks and ensure safe and efficient operation at high altitudes. The consistent growth in global air traffic and the expansion of airline fleets further drive the demand for gaskets in the aviation sector. Moreover, the increasing need for more efficient and sustainable transportation solutions worldwide, coupled with innovations in manufacturing techniques and materials, is expected to drive further adoption of gaskets across various transportation sectors. The Asia-Pacific region is expected to remain the largest market and the fastest-growing market for gaskets during the forecast period due to several key factors driving rapid industrialization, urbanization, and technological advancements across countries in this region. Asia-Pacific is home to some of the largest and most rapidly expanding automotive markets, particularly in countries like China, India, Japan, and South Korea. The growing production of vehicles, both traditional internal combustion engine (ICE) vehicles and electric vehicles (EVs), is generating significant demand for high-quality gaskets in automotive engines, exhaust systems, powertrains, and battery packs. The shift towards more fuel-efficient and environmentally friendly vehicles, along with increasing consumer demand for cars, is further fueling this growth. Additionally, Asia-Pacific is a hub for manufacturing and industrial activities, which rely heavily on gaskets for various applications, including machinery, processing, and power generation. Countries like China, India, and Japan are experiencing continuous growth in their industrial sectors, with a notable increase in energy production, power plants, and infrastructure projects, all of which require durable gaskets to maintain efficient operations and ensure safety. In addition to that, the rapid expansion of infrastructure development, particularly in emerging economies like India and China, is also contributing to the region's dominant position in the gaskets market. Large-scale construction projects, particularly in the transportation, energy, and power sectors, are driving the demand for gaskets used in pipelines, HVAC systems, and other critical infrastructure components. Key drivers of market growth include the continuous expansion of key end-use industries requiring reliable sealing solutions, the automotive industry’s shift towards advanced engine technologies, the growing demand for energy-efficient systems, and the expansion of the oil and gas sector. Rising environmental concerns and stricter regulations regarding emissions and energy consumption have pushed industries to adopt high-performance sealing technologies, including gaskets, to improve efficiency and meet regulatory standards. Increasing manufacturing automation, advancements in materials science that enhance the durability and flexibility of gaskets, and the rising demand for electric vehicles (EVs), which require specialized gaskets for battery packs and powertrain systems, are also contributing to market growth. The market is moderately fragmented, with over 20 players. Most of the major players compete on factors such as price, service offerings, and regional presence. Stratview Research has identified the following companies as the top market players: Dana Inc, ElringKlinger AG, EnPro Industries, Flowserve Corporation, Freudenberg Group, James Walker & Co., Parker Hannifin Corporation, Tenneco Inc. (Federal-Mogul), Trelleborg AB, and Uchiyama Group. The report provides comprehensive insights into the market, answering critical questions such as how big is the sales opportunity, which regions offer the best sales opportunities, which are the most attractive market segments, which are the top players and their market positioning, how complex is the business environment, and what are the factors affecting the market.

Gaskets Market Forecasted to Reach $106 Billion in 2031

The global gaskets market was valued at US$8.9 billion in 2024 and is projected to reach US$10.6 billion by 2031, growing at a CAGR of 2.5% from 2024 to 2031, according to Stratview Research. The market is segmented by end-use industry, including transportation, processing, electrical & electronics, mobile machinery, manufacturing tools, energy & power, and others. The transportation sector, particularly automotive and aerospace, is expected to dominate due to rising demand for leak-proof sealing solutions in vehicles and aviation. The Asia-Pacific region is projected to be the largest and fastest-growing market, driven by industrialization, urbanization, and expansion in automotive and infrastructure sectors, especially in China, India, Japan, and South Korea. Key growth drivers include the shift to electric vehicles (EVs), increased energy efficiency, stricter environmental regulations, and advancements in materials science. The market is moderately fragmented, with over 20 players, including Dana Inc, ElringKlinger AG, EnPro Industries, Flowserve Corporation, Freudenberg Group, James Walker & Co., Parker Hannifin Corporation, Tenneco Inc. (Federal-Mogul), Trelleborg AB, and Uchiyama Group, competing on price, service, and regional presence.