Global Metallic Gasket Market Size, Share, Opportunities, And Trends By Type (Spiral Wound, Corrugated, Ring-Type Joints), By Metal Type (Aluminum, Copper, Steel, Nickel), By Source (Solvent-based, Water-based), By End-User (Automotive, Aerospace, Marine, Oil & Gas, Power & Energy, Construction, Others), And By Geography - Forecasts From 2023 To 2028

Metallic gaskets are used at joint surfaces such as tubes, flanges, casings, and covers to enable the metal to contact or bear against another material. In addition to others, spiral wound, curved, and ring-type connections are among the three primary types of metallic gaskets. Each sort has a unique application that can be used on a range of gadgets. The market is primarily driven by rising demand for high-performance sealing products in a variety of sectors, including construction, automotive, aerospace, and machinery. The changes in shape, size, or design also necessitate a change in the building material used to make gaskets and seals. Lack of installation, manufacturing, service, and safety data are some of the market challenges for the global metallic gasket market. 

The rising construction investment will boost the global metallic gasket market growth

In the construction sector, metallic gaskets are frequently employed as they offer a mechanical seal to stop the escape of liquids, gases, or vapors from an enclosed area into an unsuitable environment. They are also used to decrease sound and thermal transmission as well as to seal and insulate. The usage of the metallic gasket will grow as the construction investment rises which will boost the overall market growth. According to the US census bureau, total construction spending has increased from 1,501,841 million $ in February 2020 to 1,844,105 million $ in February 2023.  According to the Ministry of Statistics and Programme Implementation, India's GDP from construction climbed from 2696.47 INR in the third quarter of 2022 to 3048.83 INR in the fourth quarter of 2022 showing increasing construction activities in the region. The rising of construction investment globally will increase the demand for gaskets in use which will boost the global metallic gasket market growth. 

Increasing automotive production will boost the market growth

As rigid or flexible sealing components, metallic gaskets are used in the automotive industry. They are used to create a leak-proof barrier between mating surfaces in the application of cylinder heads, valves, exhaust manifolds, and turbocharger compressor housing. The cylinders of the engine also support the piston rings by stopping their axes from rotating during the combustion cycle. The rising automobile manufacturing worldwide will drive market growth, for instance, as per the International Organization of Motor Vehicle Manufacturers (OICA) motor vehicle production had increased from 80,205,102 units in 2021 to 85,016,728 units in 2022 showing a 6% increase in production. This shows that the demand for metallic gaskets will increase with the accelerated production of the automotive industry worldwide, which will drive the global metallic gasket market growth. 

During the forecast period, the Asia Pacific region is expected to dominate the market

During the projection period, it is expected that Asia-Pacific will dominate the global metallic gasket market as the thriving applications in the automobile and oil and gas sectors in regions like China and India are factors contributing to the market's expansion. China is increasingly depending on natural gas imports, and in order to make natural gas transit easier, it is constructing long-distance gas pipelines. For instance, in 2020 Pipe China has a contract with the Southern Guangdong province's gas pipeline network in China. Pipe China intends to construct six 751 km long trunk gas pipelines in Guangdong in 2020. According to the International Organization of Motor Vehicle Manufacturers (OICA), motor vehicle production in the Asia Pacific region has increased from 44,276,549 units in 2020 to 50,020,793 in 2022 showing an increase of 13% in vehicle production. Such development in the oil and gas sector coupled with increasing automobile production will boost the metallic gasket market growth in the Asia Pacific region.

Market Key Developments

In October 2022, Erith Group, a provider of engineering solutions and high-end engineered sealing products, started producing industrial seals and gaskets for markets on a global scale from its manufacturing center in Ras Al Khaimah.

In December 2021, Klinger Italy acquired the gasket manufacturer Spiralit. KLINGER ITALY S.r.l., the Italian Business Unit of the KLINGER GROUP, became the sole stakeholder of SPIRALIT S.r.l. after changing the company's corporate structure.

Segmentation:

• By Type

• • Spiral Wound
  • Corrugated
  • Ring-Type Joints
• By Metal Type

• • Aluminum
  • Copper
  • Steel
  • Nickel
• By End-User

• • Automotive
  • Aerospace
  • Marine
  • Oil & Gas
  • Power & Energy
  • Construction
  • Others
• By Geography

• North America

• • USA
  • Canada
  • Mexico

• South America

• • Brazil
  • Argentina
  • Others

• Europe

• • Germany
  • UK
  • France
  • Spain
  • Others

• Middle East and Africa

• • Saudi Arabia
  • UAE
  • Others

• Asia Pacific

• • China
  • Japan
  • South Korea
  • India
  • Australia
  • Others