Wilmington, Delaware, United States, Transparency Market Research, Inc. , Aug. 09, 2024 (GLOBE NEWSWIRE) -- The global gasket materials market for vibration control (防振用ガスケット材料市場)stood at US$ 12.8 billion in 2023, and the global market is projected to reach US$ 19.8 billion in 2034. The global gasket materials market for vibration control is anticipated to expand at a CAGR of 4% between 2024 and 2034.
The gasket materials market for vibration control is witnessing significant growth, driven by a rise in industrial focus on enhancing system performance and longevity.
Gasket materials designed to attenuate vibrations are essential in mitigating these issues, thereby ensuring smoother operations and extending the service life of machinery and components.
One primary driver of this market is the rising demand for HVAC systems in the construction sector. HVAC systems are integral to building operations, and their efficiency and longevity are critical.
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Vibration-dampening gasket materials play a vital role in these systems by reducing noise and minimizing vibrations, which can otherwise cause mechanical stress and reduce the lifespan of the equipment. The construction boom, particularly in emerging economies, is further propelling the demand for effective vibration control solutions.
Advancements in material science have led to the development of superior gasket materials that offer enhanced vibration attenuation properties. These materials, such as elastomers, foams, and advanced composites, are designed to provide better performance under various operating conditions.
Their ability to maintain integrity under thermal and mechanical stress makes them suitable for high-demand applications, thereby driving their adoption across industries.
The automotive industry also contributes significantly to the market growth. With increasing vehicle complexity and the integration of more sophisticated systems, the need for reliable vibration control has become paramount. Gasket materials that can effectively reduce vibrations improve the durability of automotive components and enhance passenger comfort by minimizing noise and vibrations.
Regulatory standards emphasizing noise reduction and equipment durability are encouraging industries to adopt advanced vibration control solutions. Companies are investing in research and development to innovate and improve gasket materials, ensuring they meet stringent performance requirements.
Key Takeaways of Market Report
- Global gasket materials market for vibration control to generate absolute dollar opportunity worth US$ 19.8 billion until 2034.
- Global gasket materials market for vibration control is valued at US$ 12.8 billion in 2023.
- Asia Pacific is forecasted to hold the largest market share.
Global Gasket Materials Market for Vibration Control: Growth Drivers
- Efficient absorption enhances mechanical device longevity, protecting components and reducing noise and vibration. Gasket and anti-vibration materials are increasingly used in various industries, notably in automotive, where they minimize driving noise and reduce vehicle weight.
- Major automakers invest in these technologies to improve fuel efficiency and cut CO2 emissions, especially in electric vehicles, driving the growth of the gasket materials market for vibration control.
- The construction sector's focus on sustainability and growing HVAC demand drives the adoption of gasket and anti-vibration materials. HVAC systems, significant energy consumers, benefit from these materials for enhanced efficiency and reduced emissions.
- Silicone rubber, foam, and sponge materials improve HVAC performance, indoor comfort, and environmental impact. This emphasis on optimizing HVAC efficiency fuels the growth of the gasket materials market for vibration control.
Global Gasket Materials Market for Vibration Control: Regional Landscape
- The Asia Pacific region held the largest share of the gasket materials market for vibration control in 2023. The rising demand for HVAC systems, fueled by increased construction activities and a growing population, drives market growth in the region.
- In India, the gasket materials market is propelled by infrastructure development and rising disposable incomes. The construction sector in India is projected to reach US$ 1.4 trillion by 2025, according to Invest India.
- This growth necessitates efficient HVAC systems, further boosting the adoption of gasket and anti-vibration materials to enhance energy efficiency and reduce noise and emissions, thereby expanding the gasket materials market for vibration control in the region.
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Key Players-
Garlock, Flexitallic Group, Freudenberg Sealing Technologies, James Walker Group, Teadit Group, Dana Incorporated, Trelleborg Group, KLINGER Holding, ElringKlinger AG, and Lamons are key players operating the gasket materials industry for vibration control.
Global Gasket Materials Market for Vibration Control: Key Developments
- In 2023, Garlock introduced a new range of advanced gasket materials designed specifically for enhanced vibration control in industrial applications.
- In 2023, The Flexitallic Group launched an innovative line of gasket products that incorporate advanced viscoelastic materials.
Global Gasket Materials Market for Vibration Control: Segmentation
By Product Type
- Adhesive-backed Gaskets
- Pre-cut Gaskets
- Custom-cut Gaskets
By Material Type
- Rubber Gaskets
- Cork Gaskets
- Silicone Gaskets
- Foam Gaskets
- Metal Gaskets (e.g., Stainless Steel, Aluminum)
- Composite Gaskets (e.g., Rubber-coated Metal)
By End-use Industry
- Automotive
- Aerospace
- Construction
- Electronics
- Industrial Machinery
- Others
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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