End-user segmentation performance in the gasket and seals market in the US

The gasket and seals market in the US is expected to grow at a CAGR of 3.54% during the forecast period. Based on end-user, the gasket and seals market in the US has been segmented into automotive, industrial machinery, electronics, and others.

Gaskets and seals have major application in the automotive industry. They are used to keep the various parts of the automotive assembly together. The major application of gaskets is in automotive engines. They are used to seal the gap between the cylinder head and the engine block. Gaskets prevent any leakage that may occur during the compression cycle. They are also helping in keeping oil and water separate in the engine.

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The country exports thousands of lightweight vehicles and medium and heavy trucks as well as auto parts and components to almost 200 destinations across the globe. The automotive sector in the US is expected to grow significantly during the forecast period. The growth will be driven by factors such as the large consumer base, open investment policy, available infrastructure, highly skilled workforce, and favorable local and government incentives. Hence, the automotive segment of the gasket and seals market in the US is expected to grow significantly during the forecast period.