North America Form In-Place Gasket Market Forecast to 2030

At 4.2% CAGR, North America Form-In-Place Gasket Market is Speculated to be Worth US$ 277.77 Million by 2030, says the Research Team

According to the Research Team research, the North America form-in-place gasket market was valued at US$ 199.47 million in 2022 and is expected to reach US$ 277.77 million by 2030, registering a CAGR of 4.2% from 2022 to 2030 . High demand for form-in-place gaskets from automotive industry and growing oil & gas industry are among the critical factors attributed to the North America form-in-place gasket market expansion.

Form-in-place gaskets are commonly used in engine applications to create seals between engine components. They are employed in areas such as cylinder heads, valve covers, and oil pans to prevent leaks and ensure the proper functioning of the engine. In addition, form-in-place gaskets are applied in the sealing of electronic control units and protecting sensitive electronic components from environmental factors such as moisture and contaminants. Form-in-place gaskets are often used in electric and hybrid vehicles to seal battery enclosures, thereby maintaining the safety and integrity of the battery system. The ability of form-in-place gaskets to be customized according to specific shapes and sizes, makes it suitable for various custom sealing applications in the automotive industry. The advancements in automotive manufacturing capabilities and rising demand for electric vehicles drive the global automotive industry. In January 2021, the US President announced the plan to strengthen the US manufacturing sector under the “Made in America” initiative, which focused on making the manufacturing sector technologically advanced and automated. He announced an investment of US$ 300 billion for the R&D and inclusion of advanced technologies to boost the country’s production output, focusing on electric vehicle production. In September 2022, the President announced the plan to achieve a target of electric vehicles accounting for a 50% share of the total vehicles sold by 2030. To meet the target, companies such as Honda, Toyota, General Motors, Ford Motor Company, and Panasonic announced investments in manufacturing in North Carolina, Missouri, Michigan, Kansas, Ohio, and elsewhere. As per OICA estimates, in 2022, vehicle production in North America accounted for 1,77,56,263 units, signifying a 10% year-on-year increase. Thus, the rising production and sales of vehicles drive the demand for form-in-place gaskets owing to their use in various applications in the automotive industry.

Thus, the rising production and sales of vehicles drive the demand for form-in-place gaskets owing to their use in various applications in the automotive industry.

On the contrary, availability of alternative sealing solutions hampers the growth of North America form-in-place gasket market.

Based on application, the North America form-in-place gasket market is segmented into marine, automotive, electrical and electronics, aerospace, lighting, and others. The electrical and electronics segment held 37.8% share of North America form-in-place gasket market in 2022, amassing US$ 75.43 million. It is projected to garner US$ 110.57 million by 2030 to expand at 4.9% CAGR during 2022–2030.

By country, the North America form-in-place gasket market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 81.8% share of North America form-in-place gasket market in 2022. It was assessed at US$ 163.25 million in 2022 and is likely to hit US$ 230.08 million by 2030, exhibiting a CAGR of 4.4% during 2022–2030.

Key players operating in the North America form-in-place gasket market 3M Co, Henkel AG & Co KGaA, Parker Hannifin Corp, Modus Advanced Inc, Dow Inc, Compagnie de Saint Gobain SA, Permabond LLC, Bostik SA, HB Fuller Co, and ITW Performance Polymers, among others.

In November 2023, Henkel´s new 1k RTV silicone form-in-place-gasket (FIPG) solution dispense, assemble, and test in-line reduces staging times and creates an immediate, robust seal on assembly.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America form-in-place gasket market.
o Highlights key business priorities to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in North America form-in-place gasket market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth North America market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution.

TABLE OF CONTENTS

1. Introduction
1.1 The the Reporting Teams 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. Form-In-Place Gasket 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 Users
4.3.5 List of Vendors
5. North America Form-In-Place Gasket Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 High Demand for Form-In-Place Gaskets from Automotive Industry
5.1.2 Growing Oil & Gas Industry
5.2 Market Restraints
5.2.1 Availability of Alternative Sealing Solutions
5.3 Market Opportunities
5.3.1 Adoption of Form-In-Place Gaskets in Aerospace Applications
5.4 Future Trends
5.4.1 Integration with Industry 4.0 Technologies
5.5 Impact Analysis
6. Form-In-Place Gasket Market – North America Market Analysis
6.1 North America Form-In-Place Gasket Market Revenue (US$ Million)
6.2 North America Form-In-Place Gasket Market Forecast and Analysis
7. North America Form-In-Place Gasket Market Analysis – Application
7.1 Marine
7.1.1 Overview
7.1.2 Marine Market Revenue and Forecast to 2030 (US$ Million)
7.2 Automotive
7.2.1 Overview
7.2.2 Automotive Market Revenue and Forecast to 2030 (US$ Million)
7.3 Electrical and Electronics
7.3.1 Overview
7.3.2 Electrical and Electronics Market Revenue and Forecast to 2030 (US$ Million)
7.4 Aerospace
7.4.1 Overview
7.4.2 Aerospace Market Revenue and Forecast to 2030 (US$ Million)
7.5 Lighting
7.5.1 Overview
7.5.2 Lighting Market Revenue and Forecast to 2030 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others Market Revenue and Forecast to 2030 (US$ Million)
8. North America Form-In-Place Gasket Market – Country Analysis
8.1 North America Market Overview
8.1.1 North America Form-In-Place Gasket Market, By Key Country – Revenue 2022 (US$ Million)
8.1.2 North America Form-In-Place Gasket Market Revenue and Forecasts and Analysis – By Countries
8.1.2.1 North America Form-In-Place Gasket Market Breakdown by Country
8.1.2.2 US Form-In-Place Gasket Market Revenue and Forecasts to 2030 (US$ Million)
8.1.2.2.1 US Form-In-Place Gasket Market Breakdown by Application
8.1.2.3 Canada Form-In-Place Gasket Market Revenue and Forecasts to 2030 (US$ Million)
8.1.2.3.1 Canada Form-In-Place Gasket Market Breakdown by Application
8.1.2.4 Mexico Form-In-Place Gasket Market Revenue and Forecasts to 2030 (US$ Million)
8.1.2.4.1 Mexico Form-In-Place Gasket Market Breakdown by Application
9. Industry Landscape
9.1 Overview
9.2 Market Initiative
10. Company Profiles
10.1 3M Co
10.1.1 Key Facts
10.1.2 Business Description
10.1.3 Products and Services
10.1.4 Financial Overview
10.1.5 SWOT Analysis
10.1.6 Key Developments
10.2 Henkel AG & Co KGaA
10.2.1 Key Facts
10.2.2 Business Description
10.2.3 Products and Services
10.2.4 Financial Overview
10.2.5 SWOT Analysis
10.2.6 Key Developments
10.3 Parker Hannifin Corp
10.3.1 Key Facts
10.3.2 Business Description
10.3.3 Products and Services
10.3.4 Financial Overview
10.3.5 SWOT Analysis
10.3.6 Key Developments
10.4 Modus Advanced Inc
10.4.1 Key Facts
10.4.2 Business Description
10.4.3 Products and Services
10.4.4 Financial Overview
10.4.5 SWOT Analysis
10.4.6 Key Developments
10.5 Dow Inc
10.5.1 Key Facts
10.5.2 Business Description
10.5.3 Products and Services
10.5.4 Financial Overview
10.5.5 SWOT Analysis
10.5.6 Key Developments
10.6 Compagnie de Saint Gobain SA
10.6.1 Key Facts
10.6.2 Business Description
10.6.3 Products and Services
10.6.4 Financial Overview
10.6.5 SWOT Analysis
10.6.6 Key Developments
10.7 Permabond LLC
10.7.1 Key Facts
10.7.2 Business Description
10.7.3 Products and Services
10.7.4 Financial Overview
10.7.5 SWOT Analysis
10.7.6 Key Developments
10.8 Bostik SA
10.8.1 Key Facts
10.8.2 Business Description
10.8.3 Products and Services
10.8.4 Financial Overview
10.8.5 SWOT Analysis
10.8.6 Key Developments
10.9 HB Fuller Co
10.9.1 Key Facts
10.9.2 Business Description
10.9.3 Products and Services
10.9.4 Financial Overview
10.9.5 SWOT Analysis
10.9.6 Key Developments
10.10 ITW Performance Polymers
10.10.1 Key Facts
10.10.2 Business Description
10.10.3 Products and Services
10.10.4 Financial Overview
10.10.5 SWOT Analysis
10.10.6 Key Developments
11. Appendix

LIST OF TABLES

Table 1. North America Form-In-Place Gasket Market Segmentation
Table 2. North America Form-In-Place Gasket Market Revenue and Forecasts to 2030 (US$ Million)
Table 3. North America Form-In-Place Gasket Market Revenue and Forecasts to 2030 (US$ Million) – Application
Table 4. US Form-In-Place Gasket Market Revenue and Forecasts to 2030 (US$ Million) – By Application
Table 5. Canada Form-In-Place Gasket Market Revenue and Forecasts to 2030 (US$ Million) – By Application
Table 6. Mexico Form-In-Place Gasket Market Revenue and Forecasts to 2030 (US$ Million) – By Application

LIST OF FIGURES

Figure 1. North America Form-In-Place Gasket Market Segmentation, By Country
Figure 2. Form-In-Place Gasket Market – Porter’s Analysis
Figure 3. Ecosystem: Form-In-Place Gasket Market
Figure 4. Market Dynamics: North America Form-In-Place Gasket Market
Figure 5. Form-in Place Gasket Impact Analysis of Drivers and Restraints
Figure 6. North America Form-In-Place Gasket Market Revenue (US$ Million), 2020 – 2030
Figure 7. North America Form-In-Place Gasket Market Share (%) – Application, 2022 and 2030
Figure 8. Marine Market Revenue and Forecasts to 2030 (US$ Million)
Figure 9. Automotive Market Revenue and Forecasts to 2030 (US$ Million)
Figure 10. Electrical and Electronics Market Revenue and Forecasts to 2030 (US$ Million)
Figure 11. Aerospace Market Revenue and Forecasts to 2030 (US$ Million)
Figure 12. Lighting Market Revenue and Forecasts to 2030 (US$ Million)
Figure 13. Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 14. North America Form-In-Place Gasket Market, By Key Country – Revenue 2022 (US$ Million)
Figure 15. North America Form-In-Place Gasket Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 16. US Form-In-Place Gasket Market Revenue and Forecasts to 2030 (US$ Million)
Figure 17. Canada Form-In-Place Gasket Market Revenue and Forecasts to 2030 (US$ Million)
Figure 18. Mexico Form-In-Place Gasket Market Revenue and Forecasts to 2030 (US$ Million)