Gaskets and Seals Market to Reach US$110.6 Billion by 2033, Driven by Accelerated EV Adoption, Renewable Infrastructure, and Vehicle Electrification - Persistence Market Research

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2026.02.09 17:58
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The global gaskets and seals market is projected to grow from US$81.3 billion in 2026 to US$110.6 billion by 2033, with a CAGR of 4.5%. Key growth drivers include the rise in electric vehicle production, renewable energy investments, and stricter environmental regulations. The automotive sector is a major contributor, with increasing demand for sealing solutions in battery packs and thermal management. Asia Pacific leads market growth, while North America and Europe remain important due to regulatory standards and innovation. Major players include Parker Hannifin and Trelleborg.