At 7.0% CAGR, Europe Encapsulated Gaskets and Seals Market is Projected to be Worth US$ 156.46 Million by 2030, says Business Market Insights

According to Business Market Insights’ research, the Europe encapsulated gaskets and seals market was valued at US$ 91.13 million in 2022 and is projected to reach US$ 156.46 million by 2030, registering a CAGR of 7.0% from 2022 to 2030. Soaring growth of oil & gas industry and adoption of fluorinated ethylene propylene encapsulated gaskets for cryogenic applications are among the critical factors attributed to drive the Europe encapsulated gaskets and seals market growth.

Gaskets flexible at low temperatures ensure optimum sealing performance. The performance of o-rings intended for cryogenic applications is tested by standards to measure physical properties and material performance. A few tests intended for cryogenic application are brittleness (ASTM D2137), temperature recall (ASTM D1329), and compression kit (ASTM D395). Advancements in polymer engineering have led to the development of efficient encapsulated gaskets and seals with chemical resistance, mechanical properties, and pressure resistance at low-temperature operations.

FEP-encapsulated o-rings with steel flat round ribbon spring core is a promising approach for cryogenic applications. An FEP encapsulated gasket can handle low temperatures up to −420°F and pressures up to 3000 psi, as well as exposure to cryogenic media such as liquid oxygen, liquid nitrogen, and hydrogen. These encapsulated o-rings can be manufactured in both metric and US cross-sections with a wide range of diameters. Cryogenic o-rings are commonly used in the aerospace industry for tanks and rocket valve applications. They prevent the leakage of the gas mixture, which is responsible for propelling the rocket. In the oil & gas industry, gaskets are used in the transfer of liquefied natural gas and liquefied petroleum gas. Further, it is used in magnetic resonance imaging, cryogenic pumps, and radio astronomy, as well as in the production of special gases and aviation technologies. Thus, the adoption of FEP-encapsulated gaskets for cryogenic applications is expected to create lucrative opportunities in the encapsulated gaskets and seals market.

On the contrary, availability of alternative sealing solutions hampers the growth of Europe encapsulated gaskets and seals market.

Based on material, the Europe encapsulated gaskets and seals market is segmented into silicon, neoprene, Viton, Teflon, and others. The Viton segment held 38.4% market share in 2022, amassing US$ 34.96 million. It is projected to garner US$ 61.16 million by 2030 to register 7.2% CAGR during 2022–2030.

Based on end use, the Europe encapsulated gaskets and seals market is segmented into oil and gas, food, pharmaceutical, chemical, automotive, and others. The oil and gas segment held 34.6% market share in 2022, amassing US$ 31.52 million. It is projected to garner US$ 56.98 million by 2030 to register 7.7% CAGR during 2022–2030.

Based on country, the Europe encapsulated gaskets and seals market is categorized into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that Russia captured 32.8% share of Europe encapsulated gaskets and seals market in 2022. It was assessed at US$ 29.93 million in 2022 and is likely to hit US$ 55.20 million by 2030, registering a CAGR of 8.0% during 2022–2030.

Key players operating in the Europe encapsulated gaskets and seals market are AS Aston Seals SPA, Gasco Inc, MCM SPA, Polymax Ltd, Trelleborg AB, VH Polymers, and Vulcan Engineering Ltd, among others.

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