Freudenberg, W. L. Gore & Associates Inc., Trelleborg Group dominated the Europe Gasket Market in 2021

Europe Gasket Market is expected to grow with a CAGR of 4.3% in the forecast period of 2022 to 2029. The years considered for the study are as mentioned below.

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Europe gasket market is a highly consolidated market, including a specific number of key and local players. The market has witnessed increased strategic developments owing to favorable market scenarios.

Some of the major players dealing in Europe gasket market are introducing a strong range of product portfolios. This helped companies to maximize sales with an enhanced product portfolio.

For instance,

  • In April 2021, W. L. Gore & Associates, Inc. announced that it was named a Silver Supplier for exceptional performance and contributions to supply chain success in 2020 by BAE Systems’ Electronic Systems sector. They provide a variety of wire and cable components for BAE Systems, which was honored at a virtual ceremony following selection from a diverse pool of suppliers. This award will help the company to create a brand value

Freudenberg is expected to dominate the Europe gasket market. Some of the other players in the market are W. L. Gore & Associates, Inc., Trelleborg Group, KLINGER Holding, Garlock (a Subsidiary of EnPro Industries), IDT, ElringKlinger AG, PAR Group, J A Harrison & Company Limited, Ashton Seals Ltd, AMG Sealing Limited, Spiralit Srl, RAM Gaskets, Delta Rubber Limited, Centauro s.r.l., among others.

Europe Gasket MarketFreudenberg

Freudenberg is headquartered in Baden-Württemberg, Germany, as public ownership, and it was founded in 1849. The company focuses on providing solutions such as seals, vibration control components, technical textiles, filters, cleaning technologies and products, specialty chemicals, and medical products. The company has business segments such as Freudenberg Sealing Technologies, Freudenberg Oil & Gas Technologies, EagleBurgmann, Vibracoustic, Freudenberg Performance Materials, Freudenberg Filtration Technologies, Japan Vilene Company, Freudenberg Chemical. Amongst which the market-focused segment is Freudenberg Sealing Technologies. The company has wide product categories such as clamp seals, dairy couplings, cover seals, flat gaskets, extruded seals, gaskets, O-rings, hygienic use rings under which flat gaskets and gaskets are market-focused product categories.

  • In October 2021, Freudenberg opened a new manufacturing facility in China with a total investment of some 50 million euros and a floor area of 65,000 square meters, and the site is the company’s largest manufacturing facility worldwide

The company has a presence in North America, South America, Europe, the Middle East and Africa, Asia-Pacific, Europe. The company has various subsidiaries such as Freudenberg IT (Germany), Vibracoustic Japan K.K. (Japan), Freudenberg Potreby Pro Domacnost, K.S. (Czech Republic), JAPAN VILENE COMPANY, LTD. (Japan), among others.

W. L. Gore & Associates Inc.

W. L. Gore & Associates Inc. is headquartered in Delaware, U.S., as private ownership, and it was founded in 1958. The company is engaged in manufacturing products as solutions for diverse industries. The company offers a wide range of product categories such as consumer products, cables & cable assemblies, electronic components & electrochemical materials, fabrics, fibers, filtration, medical, pharmaceutical, and biopharmaceutical, sealants, venting under which sealants are the market-focused category.

  • In August 2021, W. L. Gore & Associates, Inc. announced an equity investment and collaboration with LifeBooster, a leading developer in connected worker risk analytics technology. Together, the companies will forge a multi-year plan to launch a new era in smart safety apparel to reduce job-related injuries for industrial workers, particularly those in highly-skilled, physically demanding jobs, including commercial aviation, automotive and heavy equipment manufacturing, and food processing and production. This will help the company to maintain and examine its workforce.

The company has a presence in Asia-Pacific, Europe, North America, South America and the Middle East and Africa.

Trelleborg Group

Trelleborg Group is headquartered in Skåne, Sweden, as public ownership, and it was founded in 1905. The company manufactures O-Rings, hydraulic seals, rotary shaft seals, oil seals, static seals, pneumatic seals, and mechanical face seals. The company has various business segments such as Trelleborg Industrial Solutions, Trelleborg Sealing Solutions, Trelleborg Wheel Systems. Amongst which Trelleborg Industrial Solutions is the market-focused segment. The company offers a wide range of product categories such as advanced composites, aircraft seals, electronic catalog, engineered molded parts, flat gaskets, healthcare & medical solutions, hydraulic piston seals, hydraulic rod seals, hydraulic scrapers/wipers, hydraulic seals, hydraulic wear rings, liquid silicone rubber, marine bearings, mechanical face seals, oil seals, o-rings, pneumatic seals, polymer bearings & bushings, proprietary materials, rubore shims, rotary seals/shaft seals, rubore seals, sealing profiles, semiconductor purefab FFKM, silicone tubing & hose, static seals, surface finishing under which flat gaskets, o-rings are the market-focused product categories.

  • In December 2021, Trelleborg Group signed an agreement to acquire an operation in polymer-coated fabrics used in niche applications, for example, in transportation equipment and the aerospace industry, as well as in engineered industrial products. This will help company to increase its business

The company has a wide presence in North America, South America, Europe, the Middle East and Africa, Asia-Pacific. The company has various subsidiaries such as Trelleborg Sealing Solutions US, Inc. (U.S.), Trelleborg Wheel Systems Italia S.p.A. (Italy), Tritec Seal LLC (Sweden), Trelleborg Industrial Solutions (Germany), Trelleborg Coated Systems Italy Spa (Italy), among others.