|
Forecast
Period
|
2024-2028
|
|
Market
Size (2022)
|
USD
2.20 billion
|
|
CAGR
(2023-2028)
|
8.19%
|
|
Fastest
Growing Segment
|
Commercial
|
|
Largest
Market
|
North
America
|
Market Overview
Global Facade Gasket Market has valued at USD 2.20
billion in 2022 and is anticipated to project robust growth in the forecast
period with a CAGR of 8.19% through 2028. The Facade Gasket market
refers to the global industry dedicated to the manufacturing, distribution, and
utilization of specialized sealing components designed for building facades.
These gaskets serve as critical elements in the construction and maintenance of
structures, specifically in sealing gaps and joints within facades to ensure
weatherproofing, thermal insulation, and protection against external elements. Facade
Gaskets are primarily employed in a wide range of architectural applications,
including commercial buildings, residential complexes, industrial facilities,
and infrastructure projects. Their essential function lies in maintaining the
integrity of a building envelope by preventing air and water infiltration,
which can compromise energy efficiency, indoor comfort, and structural
integrity. This market encompasses various types of Facade Gaskets, including
those made from materials like rubber compounds, thermoplastic elastomers, and
silicone, each offering distinct properties suitable for specific environmental
conditions and building requirements. The Facade Gasket market is influenced by
factors such as construction industry growth, energy efficiency regulations,
advancements in material technology, and sustainability trends. Manufacturers in
this industry continually innovate to meet evolving demands, making Facade
Gaskets integral to modern building practices and ensuring the durability and
performance of architectural structures worldwide.
Key Market Drivers
Growth in the Construction
Industry
The Facade Gasket market is
substantially driven by the growth in the global construction industry. The
construction sector is a pivotal force behind the demand for Facade Gaskets,
primarily due to its role in building infrastructure, including residential,
commercial, and industrial projects. As urbanization continues to expand, and
the world's population grows, the need for new buildings and the renovation of
existing structures remains constant. Facade Gaskets play a crucial role in
these projects by providing weatherproofing, insulation, and sealing, ensuring
the longevity and functionality of building envelopes. Construction activities
are heavily influenced by economic conditions, government policies, and
population dynamics. In regions experiencing robust economic growth and urban
development, such as emerging markets in Asia and Africa, construction projects
are on the rise. Moreover, as countries worldwide implement stricter building
codes and environmental regulations, the demand for high-quality Facade Gaskets
that meet these standards surges. The construction industry's commitment to
sustainability and energy efficiency further drives the need for Facade Gaskets,
which are integral to ensuring a building's thermal performance and weather
resistance.
Stringent Building Codes
and Regulations
The Facade Gasket market is
greatly impacted by stringent building codes and regulations imposed by
governments and relevant authorities worldwide. These regulations are designed
to ensure the safety, energy efficiency, and sustainability of buildings. Facade
Gaskets play a pivotal role in helping structures meet these requirements by
preventing air and water infiltration, reducing energy consumption, and
maintaining indoor comfort levels. In recent years, there has been a notable
shift towards sustainable and eco-friendly building practices. Green building
certifications, such as LEED (Leadership in Energy and Environmental Design),
prioritize energy efficiency and environmental sustainability. Facade Gaskets
that meet these green building standards are in high demand. As a result,
architects, builders, and developers seek Facade Gaskets that not only comply
with existing regulations but also contribute to achieving these certification
standards. The growing awareness of the environmental impact of construction
materials and practices has also led to an increased focus on using
environmentally friendly and non-toxic gasket materials. This driver is poised
to gain even more significance as governments worldwide intensify their efforts
to combat climate change and promote sustainable building practices through
stricter regulations.
Energy Efficiency Concerns
Energy efficiency is a
critical concern in the construction industry, and it serves as a significant
driver of the Facade Gasket market. Building owners and developers are
increasingly focused on reducing energy consumption and greenhouse gas
emissions, leading to a greater emphasis on well-insulated and airtight
building envelopes. Facade Gaskets contribute significantly to energy
efficiency by sealing gaps and preventing unwanted air leakage. By creating a
tight seal around windows, doors, and curtain walls, these gaskets help
maintain the desired indoor temperature, reduce the load on HVAC (heating,
ventilation, and air conditioning) systems, and lower energy costs. In regions
with extreme weather conditions, such as cold winters or hot summers, the role
of Facade Gaskets in insulation becomes even more critical. In addition to
energy savings, energy-efficient buildings are often eligible for government
incentives and rebates, which further stimulate demand for high-performance
Facade Gaskets. As environmental consciousness continues to grow, the market
for energy-efficient building solutions, including Facade Gaskets, is expected
to expand steadily.
Advancements in Material
Technology
The Facade Gasket market
benefits from continuous advancements in material technology. Manufacturers are
continually developing innovative gasket materials that offer superior
performance, durability, and resistance to environmental factors. Silicone-based
gaskets, for example, have gained popularity due to their exceptional
weatherproofing properties and durability. Silicone gaskets are known for their
flexibility, which allows them to adapt to the unique shapes and contours of
building components, ensuring a reliable seal. Additionally, they exhibit
excellent resistance to ultraviolet (UV) radiation, extreme temperatures, and
moisture, making them ideal for outdoor applications. Beyond silicone, other
materials such as EPDM (ethylene propylene diene monomer) rubber and
thermoplastic elastomers (TPEs) are also making inroads in the Facade Gasket
market. These materials offer their own sets of advantages, such as chemical
resistance and ease of processing. As material science continues to evolve,
manufacturers are better equipped to produce gaskets that meet specific
customer requirements, further fueling the market's growth. Furthermore,
advancements in material technology have led to the development of
multi-functional gaskets that not only provide weatherproofing but also
incorporate acoustic insulation and fire resistance properties. This level of
innovation not only meets regulatory requirements but also addresses the
growing demand for improved building comfort and safety.
Increased Renovation and
Retrofitting Projects
While new construction
projects are a significant driver of the Facade Gasket market, the renovation
and retrofitting of existing buildings are also key contributors. Aging
buildings often require updates to meet modern energy efficiency standards,
improve aesthetics, and enhance functionality. Facade gasket replacements are a
common component of these projects, offering an opportunity for market growth. Retrofitting
projects involve the upgrade of existing building systems and components to
improve performance and energy efficiency. Facade Gaskets are crucial in this
context as they can be replaced or upgraded to enhance insulation, reduce air
and water infiltration, and improve overall building envelope performance. Additionally,
the restoration of historic buildings is another area where Facade Gaskets play
a vital role. Preserving the architectural heritage of older structures while
ensuring they meet contemporary building codes and environmental standards
requires specialized gasket solutions. This niche market segment offers
opportunities for manufacturers to provide custom gaskets tailored to the
unique needs of historic building restoration. As urban areas continue to
evolve and adapt to changing needs, the renovation and retrofitting of existing
buildings are expected to remain a driving force behind the Facade Gasket
market's growth.
Globalization and
International Trade
Globalization has a
profound impact on the Facade Gasket market. It facilitates the exchange of
ideas, technologies, and materials across international borders, shaping the
industry in several ways. Firstly, globalization enables manufacturers to
source raw materials, components, and technologies from different regions. This
access to a diverse supply chain allows companies to optimize production
processes, reduce costs, and improve product quality. For instance, a company
may source specialized silicone compounds from one country and precision
manufacturing equipment from another to create high-quality Facade Gaskets. Secondly,
international trade opens up new markets and customers for Facade Gasket
manufacturers. Export opportunities enable companies to reach a broader
audience and diversify their customer base. In turn, this increased competition
within the global market can drive product innovation and quality improvement
as companies strive to differentiate themselves and meet the unique demands of
various regions. Moreover, globalization fosters collaboration and knowledge
sharing within the Facade Gasket industry. Manufacturers, designers, and
engineers can leverage global networks to stay updated on the latest industry
trends and technological advancements. This collective knowledge can lead to
the development of more efficient and advanced gasket solutions.
In conclusion, the global
Facade Gasket market is influenced by various drivers, including the growth in
the construction industry, stringent regulations, energy efficiency concerns,
material advancements, renovation projects, and globalization. These factors
collectively contribute to the expansion and evolution of the Facade Gasket
market, making it a dynamic and responsive industry. As the world continues to
prioritize sustainability and building performance, the demand for high-quality
Facade Gaskets is likely to remain robust,
Government Policies are Likely to Propel
the Market
Energy Efficiency and
Building Codes
Energy efficiency is a top
priority for governments worldwide in their efforts to reduce energy
consumption and combat climate change. One of the most impactful government
policies affecting the global Facade Gasket market is the establishment and
enforcement of energy efficiency standards and building codes. Governments
often introduce and update building codes that mandate specific energy
performance requirements for new construction and renovation projects. These
codes include guidelines for the thermal performance of building envelopes,
which directly influence the demand for high-quality Facade Gaskets. In regions
with stringent energy efficiency policies, builders and developers are
compelled to use Facade Gaskets that contribute to better insulation and
airtightness. This requirement not only lowers energy consumption but also
reduces greenhouse gas emissions. Consequently, Facade Gasket manufacturers
must innovate and produce products that meet or exceed these standards to
remain competitive in markets where energy efficiency is a key concern. Additionally,
governments may offer incentives, tax breaks, or subsidies to encourage the use
of energy-efficient building materials and technologies, further stimulating
demand for energy-saving Facade Gaskets.
Environmental Regulations
and Sustainability Initiatives
Government policies aimed
at environmental protection and sustainability play a pivotal role in shaping
the Facade Gasket market. Regulations regarding the use of hazardous materials,
waste management, and product recycling impact the materials and manufacturing
processes used in producing Facade Gaskets. For example, regulations such as
the European Union's REACH (Registration, Evaluation, Authorization, and
Restriction of Chemicals) require manufacturers to register and demonstrate the
safety of chemicals used in products. This has led to the development of
eco-friendly and non-toxic gasket materials, which align with sustainability
goals and appeal to environmentally conscious consumers. Governments may also
introduce sustainability initiatives that encourage the adoption of green
building practices. These initiatives promote the use of recyclable and
low-impact materials, including Facade Gaskets. Manufacturers who can provide
sustainable and environmentally friendly gasket solutions are likely to gain a competitive
edge in markets where such policies are in place.
Trade Tariffs and Import
Regulations
Trade policies, including
tariffs and import regulations, can significantly affect the global Facade
Gasket market. Governments may impose tariffs or trade restrictions on imported
gaskets to protect domestic manufacturing industries or address trade imbalances.
For Facade Gasket manufacturers operating in international markets, these
policies can impact production costs and market competitiveness. Tariffs on
certain raw materials or components used in gasket production can increase
manufacturing expenses, potentially leading to higher prices for consumers. On
the other hand, trade policies that facilitate the smooth flow of goods and
materials can benefit the Facade Gasket market. Free trade agreements, reduced
import tariffs, and streamlined customs processes can lower manufacturing costs
and make it easier for manufacturers to source materials globally, thereby
enhancing market access. Additionally, government incentives or subsidies for
domestic manufacturing can impact the competitiveness of locally produced
Facade Gaskets, influencing consumer choices and market dynamics.
Product Certification and
Quality Standards
Government policies related
to product certification and quality standards are crucial drivers of the
Facade Gasket market. Certifications such as CE marking in Europe, UL
certification in the United States, or ISO standards globally, are essential
indicators of product quality and safety. Many governments require building
materials, including Facade Gaskets, to meet specific quality and safety
standards before they can be used in construction. Manufacturers must adhere to
these standards and obtain the necessary certifications to legally sell their
products in domestic and international markets. Government agencies responsible
for regulating these standards also play a role in monitoring and enforcing
compliance. Non-compliance can result in fines, product recalls, or legal
penalties. Therefore, manufacturers invest in research and development to
ensure their Facade Gaskets meet or exceed these requirements. Government
policies that promote transparency and consumer protection in product labeling
and certification help buyers make informed choices, fostering trust in the
Facade Gasket market. Conversely, inconsistent or insufficient regulation can
create market uncertainty and hinder international trade.
Tax Incentives for
Sustainable Building Practices
Governments often use tax
incentives to encourage sustainable building practices, which indirectly affect
the Facade Gasket market. Tax incentives can include deductions, credits, or
exemptions for building owners and developers who incorporate energy-efficient
or eco-friendly building materials and technologies into their projects. In
many countries, these incentives are designed to promote the use of green
building materials and technologies that reduce energy consumption and minimize
environmental impact. Facade Gaskets, being integral to a building's energy
efficiency and weatherproofing, fall under the purview of such incentives. Builders
and developers who choose Facade Gaskets that contribute to energy savings and
sustainability can benefit from tax breaks or reduced property taxes, lowering
the overall project costs. This encourages the demand for energy-efficient
Facade Gaskets and aligns with global efforts to reduce carbon emissions. Tax
incentives, combined with the growing awareness of environmental
responsibility, drive the adoption of Facade Gaskets that contribute to green
building practices, making sustainability a key driver of market growth.
Trade Agreements and Export
Promotion Policies
Trade agreements and export
promotion policies have a significant impact on the global Facade Gasket
market, especially for manufacturers engaged in international trade.
Governments negotiate trade agreements that influence the terms and conditions
of exporting and importing products, including Facade Gaskets. Trade agreements
can reduce trade barriers, lower import/export tariffs, and simplify customs
procedures. These policies facilitate the movement of goods across borders,
making it easier for manufacturers to access international markets and compete
on a global scale. Additionally, export promotion policies, such as
government-sponsored trade missions, exhibitions, and financial incentives for
exporters, encourage manufacturers to explore new markets and expand their
customer base. These policies can lead to increased exports of Facade Gaskets,
benefiting manufacturers and contributing to market growth. However, trade
agreements and export policies are subject to geopolitical factors and can
change over time. Manufacturers in the Facade Gasket market must stay informed
about the latest developments in international trade policies to adapt their
strategies accordingly.
In conclusion, government
policies significantly influence the global Facade Gasket market. Energy
efficiency and building codes, environmental regulations and sustainability
initiatives, trade tariffs and import regulations, product certification and
quality standards, tax incentives for sustainable building practices, and trade
agreements and export promotion policies all shape the market landscape and
impact manufacturing processes, product innovation, and consumer choices.
Manufacturers in this industry must navigate these policies to thrive in a
competitive global market.
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Key Market Challenges
Intense Competition and Price Pressures
One of the primary challenges confronting the
global Facade Gasket market is the intense competition among manufacturers and
the resultant price pressures. As the demand for Facade Gaskets continues to
grow due to factors like increased construction activity and stringent building
regulations, more companies are entering the market to meet this demand. While
competition is healthy for driving innovation and product quality, it also
poses significant challenges. With numerous players vying for market share,
manufacturers often find themselves engaged in price wars to secure contracts
or gain an edge over their competitors. This price-driven competition can lead
to a race to the bottom, where companies are forced to cut costs to offer the
lowest prices. Consequently, this can result in compromised product quality,
reduced profit margins, and even financial instability for some manufacturers. Price
pressures also affect the ability of manufacturers to invest in research and
development (R&D) for product improvement and innovation. When companies
are primarily focused on reducing costs to remain competitive, they may
allocate fewer resources to R&D, hindering the development of innovative
Facade Gasket solutions that could enhance performance, sustainability, and
energy efficiency. Furthermore, price pressures can lead to the commoditization
of Facade Gaskets, where customers prioritize lower costs over product
differentiation and quality. This can make it difficult for manufacturers to
justify the investments required to develop premium gasket solutions,
ultimately limiting the market's ability to evolve and meet the demands of
increasingly complex building projects. To address the challenge of intense
competition and price pressures, Facade Gasket manufacturers must focus on
creating value for customers through innovation, quality, and specialized
services. Diversifying product portfolios to include high-performance gaskets,
custom solutions, and environmentally friendly options can help companies
differentiate themselves and mitigate the impact of price-driven competition.
Fluctuating Raw Material Costs and Supply Chain
Disruptions
Another significant challenge for the global Facade
Gasket market is the volatility in raw material costs and the potential for
disruptions in the supply chain. The production of Facade Gaskets relies on
various materials, including rubber compounds, thermoplastic elastomers, and
other synthetic polymers. The prices of these raw materials can fluctuate due
to factors such as market demand, geopolitical tensions, and natural disasters.
Fluctuating raw material costs can pose several challenges to Facade Gasket
manufacturers. Sudden price increases can squeeze profit margins and disrupt
production planning, leading to increased production costs that may need to be
passed on to customers. Conversely, price decreases can affect the
profitability of manufacturers who purchased materials at higher prices. Supply
chain disruptions, such as interruptions in the transportation of raw materials
or manufacturing components, can also impact production schedules and lead to
delays in fulfilling customer orders. The COVID-19 pandemic highlighted the
vulnerability of global supply chains to unforeseen events, underlining the
need for robust supply chain management strategies.
To address these challenges, manufacturers in the
Facade Gasket market should consider strategies such as:
Diversifying Suppliers: Relying on a single
supplier for critical raw materials can be risky. Manufacturers can mitigate
supply chain disruptions by diversifying their sources of supply.
Inventory Management: Maintaining strategic
inventories of critical raw materials can provide a buffer against sudden price
increases and supply chain interruptions.
Hedging and Contracts: Utilizing hedging strategies
or long-term contracts with suppliers can help stabilize raw material costs and
provide predictability.
Alternative Materials: Exploring alternative
materials or formulations that are less susceptible to price volatility can be
a proactive approach to managing raw material challenges.
Sustainable Sourcing: Engaging in sustainable
sourcing practices can reduce the environmental and social risks associated
with raw material extraction and processing.
While fluctuations in raw material costs and supply
chain disruptions are inherent challenges, proactive and adaptable supply chain
management can help Facade Gasket manufacturers mitigate these risks and
maintain stability in an ever-changing market environment.
In conclusion, the global Facade Gasket market
faces challenges related to intense competition and price pressures, as well as
the fluctuating costs of raw materials and potential supply chain disruptions.
Manufacturers must navigate these challenges by focusing on innovation,
differentiation, and value creation, while also implementing robust supply
chain management strategies to mitigate the impact of volatile raw material
markets.
Segmental Insights
Commercial Insights
The Commercial segment had the largest market share
in 2022 & expected to maintain it in the forecast period. Commercial
buildings, such as office complexes, shopping malls, hotels, and institutional
structures, often have larger and more intricate facades compared to
residential buildings. The sheer scale of these projects means they require a
substantial quantity of Facade Gaskets to seal various openings, joints, and
curtain wall systems. The complexity of commercial facades necessitates
specialized gasket solutions to ensure proper sealing and insulation. Commercial
buildings are subject to strict building codes and regulations imposed by
governments and relevant authorities worldwide. These regulations are designed
to ensure safety, energy efficiency, and environmental sustainability in
commercial construction. Facade Gaskets are integral to meeting these
requirements by preventing air and water infiltration, contributing to energy
efficiency, and maintaining indoor comfort levels. As such, the commercial
sector demands high-quality Facade Gaskets that comply with these stringent
codes and standards. Commercial buildings often place a strong emphasis on
energy efficiency to reduce operational costs and environmental impact. Facade
Gaskets play a pivotal role in enhancing energy efficiency by sealing gaps and
minimizing heat loss or gain. This is especially crucial for large commercial
structures with extensive glazed areas. The use of energy-efficient Facade
Gaskets aligns with sustainability goals and contributes to lower energy
consumption, making them a preferred choice in the commercial sector. Commercial
projects frequently showcase a wide range of architectural designs and facade
materials. This diversity requires the availability of various types of Facade
Gaskets to address different construction and design needs. Facade Gasket
manufacturers offer a variety of products to cater to this architectural
diversity, making the commercial segment a significant market for a wide range
of gasket solutions. Commercial construction often represents a substantial
portion of the construction industry's overall revenue. This economic factor
contributes to the dominance of the commercial segment in the Facade Gasket
market. The commercial sector's demand for Facade Gaskets is driven by a
combination of new construction projects, renovation and retrofitting
activities, and the ongoing maintenance of existing commercial buildings.
E-Gaskets Insights
The E-Gaskets segment had the largest market share
in 2022 and is projected to experience rapid growth during the forecast period.
E-Gaskets, also known as extruded gaskets, are celebrated for their versatility
and adaptability. They possess the inherent capability to conform to various
architectural designs and profiles, making them suitable for a wide spectrum of
building components. These gaskets can be easily customized to fit specific
dimensions and contours of window frames, curtain walls, and other facade
elements. Their flexibility allows architects and builders to utilize E-Gaskets
in diverse construction projects, ranging from commercial skyscrapers to
residential developments. E-Gaskets are typically manufactured from
high-quality materials like EPDM (ethylene propylene diene monomer) rubber or
silicone. These materials offer exceptional weather resistance, making
E-Gaskets reliable choices for sealing gaps and joints in building facades.
They withstand exposure to harsh environmental elements, including UV
radiation, extreme temperatures, and moisture. This durability ensures the
long-term performance of E-Gaskets, even in regions with challenging climatic
conditions. Energy efficiency is a paramount concern in modern construction,
and E-Gaskets contribute significantly to this goal. Their ability to create
airtight seals plays a pivotal role in preventing air and water infiltration,
thereby enhancing energy efficiency. By sealing gaps effectively, E-Gaskets
help maintain the desired indoor temperature, reduce heat loss or gain, and
minimize the workload on heating, ventilation, and air conditioning (HVAC)
systems. This translates into lower energy consumption, reduced utility costs,
and improved indoor comfort for building occupants.E-Gaskets have a proven
track record of performance and reliability in the construction industry.
Builders and architects have long relied on these gaskets to ensure the
integrity of building envelopes. Their reputation for withstanding the test of
time and delivering consistent results has solidified their dominance in the
market. This trust in E-Gaskets is further reinforced by their compliance with
industry standards and building codes. E-Gaskets offer a cost-effective
solution for sealing gaps and joints in facades. Their affordability, coupled
with their longevity and durability, makes them an attractive choice for
construction projects with budget constraints. Builders and developers can
achieve a high level of performance and weatherproofing without incurring
excessive material costs.
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Regional Insights
North America
The North American facade gasket market had the
largest market in the world in 2022. The growth of the market in this region is
driven by the following factors:
The increasing demand for energy-efficient
buildings: Governments in North America are implementing regulations to reduce
the energy consumption of buildings. This is leading to the construction of
more energy-efficient buildings, which require facade gaskets to seal the
joints and prevent air leaks.
The rising popularity of solar facades: Solar
facades are becoming increasingly popular as a way to generate electricity and
reduce the reliance on fossil fuels. Facade gaskets are used to seal the joints
between the solar panels and the building's facade, ensuring that the panels
are properly weatherproofed and protected from the elements.
The need for weatherproofing and sealing in
buildings: Buildings in North America are exposed to a variety of weather
conditions, such as rain, snow, and wind. Facade gaskets help to prevent water
and air leaks, which can damage the building's structure and its occupants.
The United States is the largest market for facade
gaskets in North America, followed by Canada. The growth of the market in these
countries is driven by the same factors mentioned above.
Europe
The European facade gasket market had the second-largest
market in the world in 2022. The growth of the market in this region is driven
by the following factors:
The increasing demand for energy-efficient
buildings: Governments in Europe are implementing strict regulations on energy
efficiency in buildings. This is leading to the construction of more
energy-efficient buildings, which require facade gaskets to seal the joints and
prevent air leaks.
The need for weatherproofing and sealing in
buildings: Buildings in Europe are exposed to a variety of weather conditions,
such as rain, snow, and wind. Facade gaskets help to prevent water and air
leaks, which can damage the building's structure and its occupants.
The rising popularity of solar facades: Solar
facades are becoming increasingly popular in Europe as a way to generate
electricity and reduce the reliance on fossil fuels. Facade gaskets are used to
seal the joints between the solar panels and the building's facade, ensuring
that the panels are properly weatherproofed and protected from the elements.
Germany is the largest market for facade gaskets in
Europe, followed by the United Kingdom and France. The growth of the market in
these countries is driven by the same factors mentioned above.
Recent Developments
- In Q2 2022, the Seomyeon
Office Building Development project commenced in South Korea, and more than USD
710 million was invested in this project. The project includes the construction
of a 43-story office building, which will require facade gaskets to seal the
joints between the glass panels and the building's facade.
- In Q3 2022, the Abu Dhabi
National Oil Company (ADNOC) awarded a contract worth USD 1.2 billion to the
Samsung Engineering consortium for the construction of the Habshan Gas
Processing Plant in the United Arab Emirates. The plant will require facade
gaskets to seal the joints between the pipes and the building's facade.
- In Q4 2022, the Chinese
construction company China State Construction Engineering Corporation (CSCEC)
announced that it had won a contract worth USD 2.5 billion for the construction
of the New Administrative Capital in Egypt. The capital will require facade
gaskets to seal the joints between the buildings and the surrounding
environment.
- In January 2023, the
American company Trelleborg Sealing Solutions announced that it had acquired
the German company ITP Sealing Systems for an undisclosed amount. ITP is a
leading manufacturer of facade gaskets, and this acquisition will help
Trelleborg to expand its presence in the global market.
- In February 2023, the
Japanese company Furukawa Electric announced that it had signed a contract
worth USD 100 million to supply facade gaskets for the construction of the
Jeddah Tower in Saudi Arabia. The Jeddah Tower is the tallest building in the
world, and it will require facade gaskets to seal the joints between the glass
panels and the building's facade.
Key Market Players
- Trelleborg AB
- John Crane
- Flexitallic Group
- Gates Corporation
- Guarnitec SRL
- AB SKF
- Federal-Mogul Corporation
- Freudenberg Sealing Technologies GmbH & Co. KG
- Parker Hannifin Corporation
- ElringKlinger AG
|
By Type
|
By Application
|
By Material
|
By Region
|
- E-Gaskets
- Wedge Gaskets
- Bubble Gaskets
- others
|
- Residential
- Commercial
- Others
|
|
- North
America
- Europe
- Asia Pacific
- South
America
- Middle East
& Africa
|
Report Scope:
In this report, the Global Facade Gasket Market has
been segmented into the following categories, in addition to the industry
trends which have also been detailed below:
- Facade Gasket Market, By Type:
o E-Gaskets
o Wedge Gaskets
o Bubble Gaskets
o Others
- Facade Gasket Market, By Application:
o Residential
o Commercial
o Others
- Facade Gasket Market, By Material:
o Silicone
o Rubber
o Others
- Facade Gasket Market, By Region:
o North America
§ United States
§ Canada
§ Mexico
o Europe
§ France
§ United Kingdom
§ Italy
§ Germany
§ Spain
o Asia-Pacific
§ China
§ India
§ Japan
§ Australia
§ South Korea
o South America
§ Brazil
§ Argentina
§ Colombia
o Middle East & Africa
§ South Africa
§ Saudi Arabia
§ UAE
§ Kuwait
§ Turkey
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Facade
Gasket Market.
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given market data, Tech Sci Research offers customizations according to a
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the report:
Company Information
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profiling of additional market players (up to five).
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