Automotive Specialty Gaskets Market Set for Rapid Growth During 2021-2026

Stratview Research has published a new report titled Automotive Specialty Gaskets Market to its database. It has segmented the market by Vehicle Type (Passenger Car, Light Commercial Vehicle, and Medium- & Heavy-Duty Commercial Vehicle), by Material Type (Metallic Gaskets, Elastomeric Gaskets, Composite Gaskets, and Other Gaskets), by Application Type (Inlet Section, Central Engine System, Exhaust Section, Transmission System, Battery, and Others), by End-User Type (OE and Aftermarket), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

Segment Analysis

Based on the vehicle type, the automotive specialty gaskets market is segmented as passenger car, LCV, and M&HCV. Despite a drop in 2020, passenger car is predicted to remain the largest as well as the fastest-growing vehicle type in the market during the forecast period. With the increasing production of electric vehicles, there has been an incessant demand for specialty gaskets to protect electric motors from lubricants and to cover battery housings from dirt, moisture, and external environmental conditions.

Based on the material type, the market is segmented as metallic gaskets, elastomeric gaskets, composite gaskets, and other gaskets. Metallic gaskets are expected to remain the most dominant material type in the market during the forecast period. Because of their strength, stiffness, and toughness, metallic gaskets are suitable for high-performance applications. Major automobile gasket suppliers are focused on designing cost-effective gaskets made of high-quality materials and built to endure extreme heat and pressure.

Based on the application type, the market is segmented as inlet section, central engine system, exhaust section, transmission system, battery, and others. Central engine system is expected to remain the larger segment of the market during the forecast period. Stringing vehicle emission standards across the world are enforcing automotive stakeholders to focus on engine downsizing and exhaust gas purification systems. This is increasing the demand for highly efficient engine gaskets that can withstand extreme temperature and pressure conditions.

Based on the end-user type, the market is segmented as OE and aftermarket. OE is likely to continue to be the market's larger segment throughout the projection period. High durability and reliability of the gaskets is the major factor behind the dominance of the OE segment in the automotive specialty gaskets market.

In terms of regions, Asia-Pacific is expected to remain the largest market for automotive specialty gaskets during the forecast period. Asia-Pacific is the leading producer of automobiles with huge production bases in China, Japan, India, Korea, and Thailand. North America is projected to witness the highest growth in the automotive specialty gaskets market during the forecast period, mainly driven by the USA.

Reasons to Invest in this Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period.
• Segments include quantitative, qualitative, and value data.
• Regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.

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