Global Gaskets and Seals Market Representing a CAGR of 5.4% in Terms of Value During the Forecast period
As per Market Research Report Search Engin forecast, the global gaskets and seals market is estimated to be valued at nearly US$ 63 Bn in the year 2017 and is expected to touch a figure of nearly US$ 102 Bn by the year 2026, representing a CAGR of 5.4% in terms of value during the forecast period. The global gaskets and seals market is projected to create an incremental dollar opportunity of nearly US$ 42 Bn between 2016 and 2026. Request For Sample Report : http://www.mrrse.com/sample/3075 Increasing need to improve performance/efficiency of engineering equipment is boosting the global market for gaskets and seals There is a significant loss of material and additional losses in the form of labour and material cost of repair due to the leakages caused in various industrial equipment. In addition, a significant chunk of energy is wasted coupled with environmental losses that affect the bottom line of the industry adversely. Sales are also impacted due to the downtime caused by