Global Gaskets And Seals Market Is Anticipated To Hold A Market Value Of USD 102 Bn By 2026
Multiple manufacturing processes adopted across diverse industrial verticals are all contingent upon efficiency of engineering equipment & systems. The need to improve operability of such systems can be met with the use of gaskets & seals – devices that help connect multiple surfaces & systems to complete a mechanical workflow. Apropos a latest report published by Future Market Insights, the global demand for gaskets & seals is projected to surge at a steady rate during the forecast period 2016-2026. The report estimates that in 2016, more than US$ 60 Bn worth of gasket & seals were sold across the globe. Key projections compiled in the report predict that global gaskets & seals revenues will surpass US$ 100 Bn by the end of 2026, registering a value CAGR of 5.4%. The report, titled “ Gaskets and Seals Market: Global Industry Analysis and Opportunity Assessment, 2016-2026 ,” further projects that in 2017 and beyond, the demand for non-metallic gaskets & s