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Impact of Covid-19 on Silicone Gasket Market

 

Silicone Gasket: Introduction

  • Gasket is a mechanical seal used to fill the empty spaces between two or more meshing surfaces to avoid leakage and wastage of fluids and gas. Gasket also helps in maintaining pressure and avoiding contamination from external environmental conditions. Different types of gaskets are specifically designed, depending upon the type of coupling and end-use applications. The choice of material used to manufacture gasket is critical. Gasket materials need to be resilient and compressible enough to compensate for irregularities of the mating surfaces. Depending upon the two mating surfaces, these irregularities may be minute or large. The gasket material may need to limit the flow of gas or fluid through these irregularities.
  • Silicone gasket is a highly preferred and widely used material to manufacture gaskets due to its superior characteristics such as high reliability, better strength, high flexibility, and resistance to high heat and pressure. The low temperature property of silicone gasket is unparalleled in comparison to any other elastomer. Silicone gasket can remain flexible within the temperature range of -67°F to +400°F. Silicone gasket offers high temperature mechanical seals with extraordinary resistance to extreme temperature in hot and cold environments. Silicone gasket also possesses exceptional UV & ozone properties. Thus, silicone gaskets are suitable for outdoor applications. Being an inert material, silicone does not react to majority of chemicals. Thus, silicone gasket is suitable in medical and industrial applications. Silicone gaskets provide excellent resistance to chemicals, water, fire, fungal growth, ozone, heat, and aging. Therefore, they are widely preferred across all industry verticals such as food handling, automotive, medical, construction, and industrial.

Key Drivers and Restraints of Global Silicone Gasket Market

  • Custom silicone gaskets are being made to suit applications such as heat resistance, chemical resistance, and low toxicity. The low toxicity property exhibited by silicone gasket makes it an ideal choice for usage as food grade gasket material.
  • High cost of silicone gasket fabrication may adversely affect the silicone gasket market; however, there exists a need for soft silicone rubber gasket material owing to the rapid industrialization in emerging economies

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Silicone Gasket: Product Type Segment

  • Based on product type, the global silicone gasket market can be segregated into solid silicone, sponge silicone, silicone foam, injection molded silicone gasket, and fluorosilicone gasket
  • Solid silicone gasket products are manufactured by die cutting or waterjet cutting parts from continuous roll sheet materials or molded sheets. Solid silicone rubber offers a wide hardness range and provides excellent environmental sealing with relatively low closure force; hence, solid silicone gaskets are widely used in metal or rigid enclosures that require higher closure forces.
  • Solid gaskets are generally used with a suitable bolt pattern to ensure that gaskets are properly and firmly compressed. These are ideal for water sealing and submersion applications, making them ideal for usage in the food processing industry. Solid silicone gaskets are available in a wide variety of gauges and widths. This allows for wide variety of sizes in fabricated parts. Thus, the solid silicone segment held major share of the market in 2020. In terms of revenue, it is expected to continue its dominance during the forecast period.

Silicone Gasket: End-use Segment

  • In terms of end-use, the global silicone gasket market can be classified into transportation, chemical, construction, oil & gas, energy, food processing, electrical & electronics, and others
  • The usage of silicone gasket is increasing in the food processing industry, as sheet silicone is employed to manufacture various seals and gaskets in the food industry. Silicone elastomer is ideal for gasket application in the food industry, as it possesses low toxicity and odor, and is a non-marking material, soft enough to be manipulated into various custom silicone gaskets. It can withstand a wide range of temperatures. The U.S. Food and Drug Administration (FDA) strictly inspects the type of silicone gasket material before it is approved for usage as a food grade gasket material.
  • Besides food processing industry, silicone gaskets are widely used in the automotive industry for engines, transmissions, and other applications such as sealants for airbags

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Covid-19 Impact on Silicone Gasket Market

  • On January 30, 2020, the International Health Regulations Emergency Committee of the World Health Organization (WHO) declared the Coronavirus disease (COVID-19) outbreak a public health emergency of international concern. Originating in China, the virus has spread to at least 213 countries and territories around the world.
  • Several governments and private sector businesses are operating at a limited capacity or have ceased operations completely due to recent events surrounding the COVID-19 pandemic
  • Manufacturing of various consumer goods and other products across the globe has come to a halt due to the unavailability of raw materials, shortage of labor, etc. This is expected to hamper the silicone gasket market.

Asia Pacific to Dominate Silicone Gasket Market

  • In terms of geography, the global silicone gasket market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • The market in Asia Pacific is expected to witness maximum growth during the forecast period owing to the expansion of the industrial sector in the region

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Key Manufacturers Operating in Global Silicone Gasket Market

Major players have prominent presence in developed and developing countries. Key manufacturers operating in the global silicone gasket market include:

  • Dana Holding Corporation
  • Freudenberg Sealing Technologies Gmbh & Co. Kg
  • Smiths Group PLC
  • Trelleborg AB
  • Teadit
  • Atlantic Gasket Corporation
  • Hennig Gasket & Sales Inc.
  • Delta Rubber Limited

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