Report: Gaskets, Seals Market Size Worth $87.9 Billion by 2028

The global gaskets and seals market size is expected to reach USD 87.9 billion by 2028 according to a new study by Polaris Market Research, the firm announced. The report gives insight into current market dynamics and provides analysis on future market growth.

The demand for gaskets and seals is increasing owing to its increasing use in automobiles, rising modernization of vehicles and growing penetration of electric vehicles, the report said.

Asia Pacific emerged as the largest market in 2020 and is expected to maintain its dominance over the forecast period. The rise in applications of the product in the aerospace, transportation, marine, railways, and electronics sectors in the Asia-Pacific region is the major driver for growth.

Click here to read the full report.