North America Encapsulated Gaskets and Seals Market Forecast to 2030 - Regional Analysis - by Material (Silicon, Neoprene, Viton, Teflon, and Others) and End Use (Oil and Gas, Food, Pharmaceutical, Chemical, Automotive, and Others)
The North America encapsulated gaskets and seals market was valued at US$ 77.74 million in 2022 and is expected to reach US$ 122.19 million by 2030; it is estimated to register a CAGR of 5.8% from 2022 to 2030.
Soaring Growth of Oil & Gas Industry Fuels North America Encapsulated Gaskets and Seals Market
Encapsulated gaskets and seals are used to seal flanges in pipelines and equipment within the oil & gas industry infrastructure. Gaskets provide a secure and leak-resistant seal between connected flanges, preventing the escape of fluids and gases. In oil & gas wellheads, where pressure and temperature conditions can be extreme, encapsulated gaskets and seals are used to seal critical connections. During the construction and maintenance of pipelines, encapsulated gaskets and seals are used to seal the connections between pipeline segments, as well as in tanks and vessels used for storing and transporting oil and gas.
According to the Pipeline and Hazardous Materials Safety Administration, ?2.6 million miles of pipelines in North America deliver hundreds of billions of tons of liquid petroleum products and trillions of cubic feet of natural gas yearly. As per the Canada Energy Regulator, most of the crude oil produced in Canada is shipped using pipelines from western provinces to refineries in the US, Ontario, and Quebec. Therefore, the tremendous growth of the oil & gas industry propels the encapsulated gaskets and seals market growth.
North America Encapsulated Gaskets and Seals Market Overview
The encapsulated gaskets and seals market in North America has experienced substantial growth in recent years, driven by a confluence of factors such as growing demand for advanced materials for sealing purpose, shaping various industrial sectors. These specialized sealing solutions have become integral in applications where robust performance in challenging conditions is paramount. In the automotive industry, encapsulated gaskets and seals play an important role in enhancing engine efficiency, meeting stringent emission standards, and ensuring long-term durability. For instance, the International Organization of Motor Vehicle Manufacturers (OICA) quotes that vehicle production in North America increased by 10%, from ~13.5 million in 2021 to 14.8 million vehicles in 2022. The aerospace sector also significantly contributes to the market demand, with an increasing focus on lightweight and high-performance materials for various components.
The increasing emphasis of the oil & gas industry on sealing solutions that can withstand extreme pressures, temperatures, and corrosive environments has further fueled the market growth. The regulatory landscape, marked by stringent safety and environmental standards, has accelerated the adoption of advanced encapsulated gaskets and seals across industries. For instance, the US produces 75% of its crude oil supply and 90% of its natural gas supply domestically. By 2021, it was producing about eleven million barrels of crude oil per day and around one hundred billion cubic feet of gas per day.
North America benefits from the presence of well-established manufacturers, leveraging cutting-edge technologies and investing heavily in research and development to stay ahead in the market. The continuous innovation in material science and manufacturing processes enhances the durability and reliability of encapsulated gaskets and seals. As industries prioritize efficiency, safety, and sustainability, the encapsulated gaskets and seals market in North America is poised for sustained growth, with a trajectory driven by technological advancements and evolving industrial needs.
North America Encapsulated Gaskets and Seals Market Revenue and Forecast to 2030 (US$ Million)
Get more information on this report :
North America Encapsulated Gaskets and Seals Market Segmentation
The North America encapsulated gaskets and seals market is categorized into material, end use, and country.
Based on material, the North America encapsulated gaskets and seals market is segmented into silicon, neoprene, Viton, Teflon, and others. The Viton segment held the largest market share in 2022.
Based on end use, the North America encapsulated gaskets and seals market is segmented into oil and gas, food, pharmaceutical, chemical, automotive, and others. The oil and gas segment held the largest market share in 2022.
By country, the North America encapsulated gaskets and seals market is segmented into the US, Canada, and Mexico. The US dominated the North America encapsulated gaskets and seals market share in 2022.
AS Aston Seals SPA, Gasco Inc, Marco Rubber & Plastics LLC, MCM SPA, ROW Inc, Seal & Design Inc, Trelleborg AB, VH Polymers, and Vulcan Engineering Ltd are some of the leading companies operating in the North America encapsulated gaskets and seals market.
TABLE OF CONTENTS
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Encapsulated Gaskets and Seals Market Landscape
4.1 Overview
4.2 Porter's Five Forces Analysis
4.2.1 Threat of New Entrants
4.2.2 Threat of Substitutes
4.2.3 Bargaining Power of Buyers
4.2.4 Bargaining Power of Suppliers
4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers
4.3.2 Manufacturers
4.3.3 Distributors or Suppliers
4.3.4 End-use Industry
4.3.5 List of Vendors in the Value Chain
5. North America Encapsulated Gaskets and Seals Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Soaring Growth of Oil & Gas Industry
5.1.2 Increasing Demand from Chemical Industry
5.2 Market Restraints
5.2.1 Availability of Alternative Sealing Solutions
5.3 Market Opportunities
5.3.1 Adoption of Fluorinated Ethylene Propylene Encapsulated Gaskets for Cryogenic Applications
5.4 Future Trends
5.4.1 Advancements in Manufacturing Technologies
5.5 Impact of Drivers and Restraints:
6. Encapsulated Gaskets and Seals Market - North America Analysis
6.1 North America Encapsulated Gaskets and Seals Market Revenue (US$ Million), 2020-2030
6.2 North America Encapsulated Gaskets and Seals Market Forecast Analysis
7. North America Encapsulated Gaskets and Seals Market Analysis - by Material
7.1 Silicon
7.1.1 Overview
7.1.2 Silicon: North America Encapsulated Gaskets and Seals Market - Revenue and Forecast to 2030 (US$ Million)
7.2 Neoprene
7.2.1 Overview
7.2.2 Neoprene: North America Encapsulated Gaskets and Seals Market - Revenue and Forecast to 2030 (US$ Million)
7.3 Viton
7.3.1 Overview
7.3.2 Viton: North America Encapsulated Gaskets and Seals Market - Revenue and Forecast to 2030 (US$ Million)
7.4 Teflon
7.4.1 Overview
7.4.2 Teflon: North America Encapsulated Gaskets and Seals Market - Revenue and Forecast to 2030 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others: North America Encapsulated Gaskets and Seals Market - Revenue and Forecast to 2030 (US$ Million)
8. North America Encapsulated Gaskets and Seals Market Analysis - by End Use
8.1 Oil and Gas
8.1.1 Overview
8.1.2 Oil and Gas: North America Encapsulated Gaskets and Seals Market - Revenue and Forecast to 2030 (US$ Million)
8.2 Food
8.2.1 Overview
8.2.2 Food: North America Encapsulated Gaskets and Seals Market - Revenue and Forecast to 2030 (US$ Million)
8.3 Pharmaceutical
8.3.1 Overview
8.3.2 Pharmaceutical: North America Encapsulated Gaskets and Seals Market - Revenue and Forecast to 2030 (US$ Million)
8.4 Chemical
8.4.1 Overview
8.4.2 Chemical: North America Encapsulated Gaskets and Seals Market - Revenue and Forecast to 2030 (US$ Million)
8.5 Automotive
8.5.1 Overview
8.5.2 Automotive: North America Encapsulated Gaskets and Seals Market - Revenue and Forecast to 2030 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: North America Encapsulated Gaskets and Seals Market - Revenue and Forecast to 2030 (US$ Million)
9. North America Encapsulated Gaskets and Seals Market - Country Analysis
9.1 North America
9.1.1 North America Encapsulated Gaskets and Seals Market - Revenue and Forecast Analysis - by Country
9.1.1.1 North America Encapsulated Gaskets and Seals Market - Revenue and Forecast Analysis - by Country
9.1.1.2 US: North America Encapsulated Gaskets and Seals Market - Revenue and Forecast to 2030 (US$ Million)
9.1.1.2.1 US: North America Encapsulated Gaskets and Seals Market Breakdown, by Material
9.1.1.2.2 US: North America Encapsulated Gaskets and Seals Market Breakdown, by End Use
9.1.1.3 Canada: North America Encapsulated Gaskets and Seals Market - Revenue and Forecast to 2030 (US$ Million)
9.1.1.3.1 Canada: North America Encapsulated Gaskets and Seals Market Breakdown, by Material
9.1.1.3.2 Canada: North America Encapsulated Gaskets and Seals Market Breakdown, by End Use
9.1.1.4 Mexico: North America Encapsulated Gaskets and Seals Market - Revenue and Forecast to 2030 (US$ Million)
9.1.1.4.1 Mexico: North America Encapsulated Gaskets and Seals Market Breakdown, by Material
9.1.1.4.2 Mexico: North America Encapsulated Gaskets and Seals Market Breakdown, by End Use
10. Competitive Landscape
10.1 Heat Map Analysis by Key Players
10.2 Company Positioning & Concentration
11. Company Profiles
11.1 Trelleborg AB
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Marco Rubber & Plastics LLC
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Gasco Inc
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 VH Polymers
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 AS Aston Seals SPA
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Seal & Design Inc
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 MCM SPA
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Vulcan Engineering Ltd
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 ROW Inc
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
12. Appendix
12.1 About The Insight Partners
List of Tables
Table 1. North America Encapsulated Gaskets and Seals Market Segmentation
Table 2. List of Vendors
Table 3. North America Encapsulated Gaskets and Seals Market - Revenue and Forecast to 2030 (US$ Million)
Table 4. North America Encapsulated Gaskets and Seals Market - Revenue and Forecast to 2030 (US$ Million) - by Material
Table 5. North America Encapsulated Gaskets and Seals Market - Revenue and Forecast to 2030 (US$ Million) - by End Use
Table 6. North America Encapsulated Gaskets and Seals Market - Revenue and Forecast to 2030 (US$ Million) - by Country
Table 7. US: North America Encapsulated Gaskets and Seals Market - Revenue and Forecast to 2030 (US$ Million) - by Material
Table 8. US: North America Encapsulated Gaskets and Seals Market - Revenue and Forecast to 2030 (US$ Million) - by End Use
Table 9. Canada: North America Encapsulated Gaskets and Seals Market - Revenue and Forecast to 2030 (US$ Million) - by Material
Table 10. Canada: North America Encapsulated Gaskets and Seals Market - Revenue and Forecast to 2030 (US$ Million) - by End Use
Table 11. Mexico: North America Encapsulated Gaskets and Seals Market - Revenue and Forecast to 2030 (US$ Million) - by Material
Table 12. Mexico: North America Encapsulated Gaskets and Seals Market - Revenue and Forecast to 2030 (US$ Million) - by End Use
List of Figures
Figure 1. North America Encapsulated Gaskets and Seals Market Segmentation, by Country
Figure 2. Encapsulated Gaskets and Seals Market - Porter's Analysis
Figure 3. Ecosystem: Encapsulated Gaskets and Seals Market
Figure 4. North America Encapsulated Gaskets and Seals Market - Key Market Dynamics
Figure 5. Impact Analysis of Drivers and Restraints
Figure 6. North America Encapsulated Gaskets and Seals Market Revenue (US$ Million), 2020-2030
Figure 7. North America Encapsulated Gaskets and Seals Market Share (%) - by Material (2022 and 2030)
Figure 8. Silicon: North America Encapsulated Gaskets and Seals Market - Revenue and Forecast to 2030 (US$ Million)
Figure 9. Neoprene: North America Encapsulated Gaskets and Seals Market - Revenue and Forecast to 2030 (US$ Million)
Figure 10. Viton: North America Encapsulated Gaskets and Seals Market - Revenue and Forecast to 2030 (US$ Million)
Figure 11. Teflon: North America Encapsulated Gaskets and Seals Market - Revenue and Forecast to 2030 (US$ Million)
Figure 12. Others: North America Encapsulated Gaskets and Seals Market - Revenue and Forecast to 2030 (US$ Million)
Figure 13. North America Encapsulated Gaskets and Seals Market Share (%) - by End Use (2022 and 2030)
Figure 14. Oil and Gas: North America Encapsulated Gaskets and Seals Market - Revenue and Forecast to 2030 (US$ Million)
Figure 15. Food: North America Encapsulated Gaskets and Seals Market - Revenue and Forecast to 2030 (US$ Million)
Figure 16. Pharmaceutical: North America Encapsulated Gaskets and Seals Market - Revenue and Forecast to 2030 (US$ Million)
Figure 17. Chemical: North America Encapsulated Gaskets and Seals Market - Revenue and Forecast to 2030 (US$ Million)
Figure 18. Automotive: North America Encapsulated Gaskets and Seals Market - Revenue and Forecast to 2030 (US$ Million)
Figure 19. Others: North America Encapsulated Gaskets and Seals Market - Revenue and Forecast to 2030 (US$ Million)
Figure 20. North America Encapsulated Gaskets and Seals Market, By Key Country - Revenue (2022) (US$ Million)
Figure 21. North America Encapsulated Gaskets and Seals Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 22. US: North America Encapsulated Gaskets and Seals Market - Revenue and Forecast to 2030 (US$ Million)
Figure 23. Canada: North America Encapsulated Gaskets and Seals Market - Revenue and Forecast to 2030 (US$ Million)
Figure 24. Mexico: North America Encapsulated Gaskets and Seals Market - Revenue and Forecast to 2030 (US$ Million)
Figure 25. Heat Map Analysis by Key Players
Figure 26. Company Positioning & Concentration
- AS Aston Seals SPA
- Gasco Inc
- Marco Rubber & Plastics LLC
- MCM SPA
- ROW Inc
- Seal & Design Inc
- Trelleborg AB
- VH Polymers
- Vulcan Engineering Ltd
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America encapsulated gaskets and seals market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the North America encapsulated gaskets and seals market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the North America encapsulated gaskets and seals market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.