Market Research Reports - Ken Research Europe Automotive Gasket and Seal Market Revenue | Page 2
It has been investigated that the stringent compliances with strict quality standards in different
sectors like- marine, rail, aerospace, construction, electronic and electrical equipment
manufacturing have propelled the demand for advanced solutions in recent years. Moreover,
high strength gasketing and sealing solutions coupled with persistent upcoming innovation are
anticipated to engender spurred growth prospects in the future years majorly owing to
constant developments in the science of sealing and thus, Eastern Europe has been seen as the
upcoming potential market wherein tapping of newer opportunities will take place.
Not only this; even the rises in overall vehicle production are projected to invigorate growth in
this industry. Consequently, the global automotive gasket and seal market is expected to relish
great growth rates in the coming future via amplified research and development investments
directed towards the ongoing developments of novel materials that will meet and even exceed
the modern sealing requirements. Hence as a matter of fact, the European Automotive Gasket
and Seal Market is envisioned to grow at a decent CAGR of more than 6% by 2020 and since
Europe and North America happen to be amongst the most lucrative regions in the global
industry; so the Global Gasket & Seals Market is also assured to reach somewhere around USD
12,362 million by 2020.
To know more about the research report:
https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-
and-automotive-components/europe-automotive-gasket-and-seal-industry-situation-and-
prospects-research-report/145664-100.html
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