[Research Report] The form-in-place gasket market size was valued at US$ 1,203.10 million in 2022 and is expected to reach US$ 1,668.71 million by 2030; it is estimated to register a CAGR of 4.2% from 2022 to 2030.

MARKET ANALYSIS

A form-in-place gasket is made by dispensing a liquid gasket onto a metal/plastic part before assembly. Form-in-place gaskets are used in various industries due to their precision and durability. They offer a highly reliable seal that stays resistant to freezing, heat, UV, and corrosion. Major advantages of using form-in-place gaskets are their adaptability across a variety of conditions and the ability to produce intricate details. Different materials are used to make form-in-place gaskets. Conductive or non-conductive material is selected depending on the use of the gasket. Electronics, medical, defense & military, aerospace, and mass transportation are among the industries using form-in-place gaskets. In medical devices, form-in-place gaskets are used in ventilators, oxygenators, and dialysis machines.

Major factors driving the growth of the form-in-place gasket market are the high demand for form-in-place gaskets from the automotive industry and the growing oil & gas industry. Form-in-place gaskets are commonly used in engine applications to create seals between engine components. Electric and hybrid vehicles often use form-in-place gaskets to seal battery enclosures, thereby maintaining the safety and integrity of the battery system. The ability of form-in-place gaskets to be customized according to specific shapes and sizes makes them suitable for various custom sealing applications in the automotive industry. Further, the adoption of form-in-place gaskets in aerospace applications is expected to offer lucrative opportunities for market growth during the forecast period.

GROWTH DRIVERS AND CHALLENGES

Form-in-place gaskets are commonly used in engine applications to create seals between engine components. They are employed in areas such as cylinder heads, valve covers, and oil pans to prevent leaks and ensure the proper functioning of the engine. In addition, form-in-place gaskets are applied in the sealing of electronic control units and protecting sensitive electronic components from environmental factors, including moisture and contaminants. Further, form-in-place gaskets are used to seal flanges in pipelines and equipment within the oil and gas infrastructure. The gaskets provide a secure and leak-resistant seal between connected flanges, preventing the escape of fluids and gases. In oil and gas wellheads, where pressure and temperature conditions can be extreme, form-in-place gaskets are used to seal critical connections. During the construction and maintenance of pipelines, form-in-place gaskets are used to seal the connections between pipeline segments. However, some common alternative solutions to form-in-place gaskets are pre-formed rubber gaskets. These gaskets are manufactured in predetermined shapes and sizes, providing a convenient and standardized sealing solution. O-rings are circular elastomeric seals effective in dynamic sealing applications. Gasket sheets and cut gaskets are made of compressed fiber or rubber and are commonly used for static sealing applications where precision and customization may be less critical.

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Form-In Place Gasket Market: Strategic Insights

Form-In Place Gasket Market

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  CAGR (2022 - 2030)

  4.2%
• Market Size 2022
  US$ 1.2 Billion
• Market Size 2030
  US$ 1.67 Billion

Market Dynamics

GROWTH DRIVERS

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FUTURE TRENDS

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OPPORTUNITIES

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Key Players

• 3M Co
• Henkel AG & Co KGaA
• Parker Hannifin Corp
• Modus Advanced Inc
• Dow Inc
• Compagnie de Saint Gobain SA
• Permabond LLC
• Bostik SA
• HB Fuller Co

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Application

• Marine
• Automotive
• Electrical and Electronics
• Aerospace
• Lighting
• Others

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REPORT SEGMENTATION AND SCOPE

The "Global Form-In Place Gasket Market Analysis and Forecast to 2030" is a specialized and in-depth study focusing significantly on global market trends and growth opportunities. The report aims to provide an overview of the global market with detailed market segmentation on the basis of application and geography. The report provides key statistics on the use of form-in-place gaskets across the world, along with their demand in major regions and countries. In addition, the report provides a qualitative assessment of various factors affecting the form-in-place gasket market performance in major regions and countries. It also includes a comprehensive analysis of the leading players in the form-in-place gasket market and their key strategic developments. Analysis of the market dynamics is also included to help identify the key driving factors, market trends, and lucrative opportunities that would, in turn, aid in identifying the major revenue pockets.

The ecosystem analysis and Porter’s five forces analysis provide a 360-degree view of the global form-in-place gasket market, which helps understand the entire supply chain and various factors influencing the market growth.

SEGMENTAL ANALYSIS

The global form-in-place gasket market is segmented on the basis of application. Based on application, the market is segmented into marine, automotive, electrical and electronics, aerospace, lighting, and others. In the field of electrical and electronics, form-in-place gaskets are commonly employed in smartphones, tablets, and wearable devices. The ability of form-in-place gaskets to conform precisely to intricate designs and accommodate miniaturized components contributes to the sleek and compact form factors of these devices while maintaining resistance to external elements. This is particularly relevant in the evolving landscape of portable electronics, where durability and water resistance have become significant selling points. Moreover, in recent years, the automotive industry has witnessed the utilization of form-in-place gaskets, with manufacturers increasingly recognizing their versatility and performance benefits. The formulation of form-in-place gasket materials with enhanced resistance to extreme temperatures, ensuring reliable sealing in high-temperature engine compartments and harsh weather conditions, encounters increased utilization.

REGIONAL ANALYSIS

The report provides a detailed overview of the global form-in-place gasket market with respect to five major regions—North America, Europe, Asia-Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. Asia Pacific accounted for the largest share of the global form-in-place gasket market and was valued at over US$ 600 million in 2022. Asia Pacific marks the presence of major electronics manufacturers and is a hub for mid-sized businesses operating in the region. The market in Europe is expected to reach over US$ 350 million by 2030. The market in North America is expected to record a CAGR of ~4% from 2022 to 2030. In North America, passenger vehicles are the most common mode of transportation, and their use is increasing with the rising per capita income. Form-in-place gaskets offer a precise and customizable sealing method, making them well-suited for the intricate designs and evolving technologies in the automotive sector. Form-in-place gaskets also play a crucial role in ensuring air- and fluid-tight seals in various automotive systems, contributing to improved fuel efficiency and compliance with environmental regulations.

INDUSTRY DEVELOPMENTS AND FUTURE OPPORTUNITIES

Various initiatives taken by the key players operating in the form-in-place gasket market are listed below:

• In November 2023, Henkel´s new 1k RTV silicone form-in-place-gasket (FIPG) solution dispensed, assembled, and tested in-line reduces staging times and creates an immediate, robust seal on assembly.

Form-In Place Gasket Market Report Scope

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IMPACT OF COVID-19 PANDEMIC/IMPACT OF GEOPOLITICAL SCENARIO/IMPACT OF RECESSION

Before the COVID-19 pandemic, many countries across the world reported economic growth. The key manufacturers invested in the research and development of form-in-place gaskets. They also focused on expanding geographic reach through mergers and acquisitions to cater to a broad customer base. Before the pandemic, the form-in-place gasket market reported steady growth due to increasing demand from the chemicals & materials industry. During the pandemic, supply chain disruptions, raw material and labor shortages, and operational difficulties created a demand and supply gap, adversely affecting the growth of the chemicals & materials industry. Manufacturers reported challenges in sourcing raw materials and ingredients from suppliers, impacting the production rate of form-in-place gaskets.

The demand and supply gap was also recorded in several regions due to fluctuating demand from the chemical & materials industry. In 2021, rising vaccination rates contributed to improvements in the overall conditions in different countries, which led to conducive environments for the chemicals & materials industry. The sales of form-in-place gaskets increased with the resumption of production and sales operations of companies operating in the chemical & materials industry. The increasing demand for high-quality form-in-place gasket solutions in these industries has propelled the growth of the form-in-place gasket market.

COMPETITIVE LANDSCAPE AND KEY COMPANIES

3M Co, Henkel AG & Co KGaA, Parker Hannifin Corp, Modus Advanced Inc, Dow Inc, Compagnie de Saint Gobain SA, Permabond LLC, Bostik SA, HB Fuller Co, and ITW Performance Polymers are among the key players operating in the form-in-place gasket market.