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
Market Size Value in US$ 1,203.10 million in 2022 Market Size Value by US$ 1,668.71 million by 2030 Growth rate CAGR of 4.2% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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Form-In Place Gasket Market: Strategic Insights
| Market Size Value in | US$ 1,203.10 million in 2022 |
| Market Size Value by | US$ 1,668.71 million by 2030 |
| Growth rate | CAGR of 4.2% from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
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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.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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.
Form-In Place Gasket Market – by Application, 2022 and 2030
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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.
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.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Form-in-place gaskets are increasingly utilized in the aerospace industry for sealing critical components in aircraft engines, fuel systems, and avionics. Aerospace applications involve complex systems and a wide range of environmental conditions, including high altitudes, varying temperatures, and exposure to harsh chemicals.
The major players operating in the global form-in place gasket market are 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.
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 such as moisture and contaminants.
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.
Based on application, the form-in place gasket 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.
Asia Pacific accounted for the largest share of the global form-in place gasket market. The demand for form-in-place gaskets in Asia Pacific is directly proportional to industrialization and vehicular production in the region. The increasing number of on-fleet vehicles in countries such as China, India, and South Korea propels the demand for printed circuit boards (PCBs) and semiconductors, further bolstering the need for form-in-place gaskets.
The List of Companies - Form-In Place Gasket Market
- 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
- ITW Performance Polymers
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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