Product Code: ETC022364 | Publication Date: Jun 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
India is one of the fastest growing markets for seals and gaskets. The Indian seals and gaskets market is estimated to grow at a compound annual growth rate (CAGR) of 8.6% during 2025-2031. Increasing automotive production in India, rise in demand from various end user industries such as oil & gas, power plants, aerospace & defense etc., stringent government norms on emissions and increasing investments by automakers towards advanced components will drive the growth of this market over the forecast period.
? Growing Automotive Industry: The automotive industry in India has been witnessing tremendous growth over the past few years due to rising consumer demand for automobiles across all segments such as passenger vehicles, commercial vehicles, two wheelers etc. This surge in automobile sales has subsequently led to an increased demand for seals and gaskets used within them which is expected to provide impetus to market?s expansion during 2025-2031.
? Favorable Government Policies: The Indian government has taken several measures such as implementation of GST regime and providing support with favorable tax policies which have together created a conducive environment for new investments into the country?s economy; thereby resulting into an increase in sealants & adhesive production activities leading to their increased consumption throughout various end users industries like construction, manufacturing etc., driving up overall revenues earned by this sector.
High Cost Associated With Sealant And Adhesive Manufacturing Processes In India : Unlike developed countries where sealants & adhesives are manufactured through automated processes leading to lower costs associated with their manufacture; In India majority of these products still need manual labor based inputs which leads higher cost associated with their manufacture thus reducing profit margins derived from them limiting industry expansion opportunities arising out of it.
Emergence Of Bio Based Seals And Gaskets : Owing To concerns over environmental pollution caused by emissions coming out from traditional rubber based sealing materials , manufacturers have begun replacing conventional ones with bio based ones so that they not only reduce emission levels but also comply better when compared against strict norms laid down by governments worldwide . Such trend if persists then it can bring significant changes into future dynamics governing global sealant landscape.
Companies operating within Global Seals And Gaskets Market include SKF , Trelleborg AB , Freudenberg Group , Parker Hannifin Corporation among others .
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Seals and gaskets Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Seals and gaskets Market Revenues & Volume, 2021 & 2031F |
3.3 India Seals and gaskets Market - Industry Life Cycle |
3.4 India Seals and gaskets Market - Porter's Five Forces |
3.5 India Seals and gaskets Market Revenues & Volume Share, By Types, 2021 & 2031F |
3.6 India Seals and gaskets Market Revenues & Volume Share, By End-users, 2021 & 2031F |
4 India Seals and gaskets Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Seals and gaskets Market Trends |
6 India Seals and gaskets Market, By Types |
6.1 India Seals and gaskets Market, By Types |
6.1.1 Overview and Analysis |
6.1.2 India Seals and gaskets Market Revenues & Volume, By Types, 2021-2031F |
6.1.3 India Seals and gaskets Market Revenues & Volume, By Gasket, 2021-2031F |
6.1.4 India Seals and gaskets Market Revenues & Volume, By Seal, 2021-2031F |
6.2 India Seals and gaskets Market, By End-users |
6.2.1 Overview and Analysis |
6.2.2 India Seals and gaskets Market Revenues & Volume, By Power and Energy, 2021-2031F |
6.2.3 India Seals and gaskets Market Revenues & Volume, By Industrial and Manufacturing, 2021-2031F |
6.2.4 India Seals and gaskets Market Revenues & Volume, By Oil and Gas, 2021-2031F |
6.2.5 India Seals and gaskets Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.6 India Seals and gaskets Market Revenues & Volume, By Chemical and Petrochemicals , 2021-2031F |
6.2.7 India Seals and gaskets Market Revenues & Volume, By Others, 2021-2031F |
7 India Seals and gaskets Market Import-Export Trade Statistics |
7.1 India Seals and gaskets Market Export to Major Countries |
7.2 India Seals and gaskets Market Imports from Major Countries |
8 India Seals and gaskets Market Key Performance Indicators |
9 India Seals and gaskets Market - Opportunity Assessment |
9.1 India Seals and gaskets Market Opportunity Assessment, By Types, 2021 & 2031F |
9.2 India Seals and gaskets Market Opportunity Assessment, By End-users, 2021 & 2031F |
10 India Seals and gaskets Market - Competitive Landscape |
10.1 India Seals and gaskets Market Revenue Share, By Companies, 2024 |
10.2 India Seals and gaskets Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |