The latest report on Industrial Gaskets Market by Infinium Global Research gives complete coverage of the Industrial Gaskets Market by product type (ring joint gaskets, kammprofile gaskets, spiral wound gaskets, soft gaskets, jacketed gaskets, corrugated gaskets, and other gaskets), end-user (power generation, industrial machinery, chemical processing, refineries, pulp & paper, food & pharmaceuticals, and others) in terms of key trends, market size, forecast and CAGR growth over the period of 2018 to 2024. In addition, the study covers deep dive into key product and applications trends in the regional markets of Industrial Gaskets such as North America, Europe, Asia-Pacific and Latin America over the short run and long run. The global industrial gaskets market is projected to grow at a CAGR of 5.4% over the forecast period of 2018-2024.
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Gaskets are primarily used to fill empty spaces between the coupling surfaces to avoid leakage and wastage of fluids and gases. Gaskets are usually produced by cutting sheet materials. Most industrial gasket involve bolts exerting compression well into the 14 MPa (2000 psi) range or higher. Silicone and rubber are the most preferred material used for manufacturing gaskets due to their superior characteristics including high reliability, better strength, high flexibility, and resistance to high heat and pressure.
Increasing Demand from Oil and Gas Production Related Facilities in the Gulf Countries Drives the Growth of the Industrial Gaskets Market
Increasing demand from oil and gas production-related facilities in the Gulf countries drives the growth of the industrial gaskets market. In addition, increasing consumption of Polytetrafluoroethylene gaskets and stringent leakage regulations implemented by environmental protection agencies to prevent damage to the environment are strengthening the growth of the market. With the increase in industrial development and urbanization, there has been a considerable rise in the number of manufacturing plants, machineries, automobiles, and various other mechanical instruments which use a gasket.
Rubber, Silicone, Graphite and So on are Curtaining the Growth of the Industrial Gaskets Market
This has had a positive impact on market growth. In automobiles, gaskets are widely used for propelling to avoid leakage or wastage of expensive fluids or gas. Due to their property to sustain extreme pressure conditions, compressive loads, and heat, gasket have noteworthy scope across different industry verticals.
However, price volatility of raw materials such as rubber, silicone, graphite and so on are curtaining the growth of the industrial gaskets market. Furthermore, the increasing number of refineries in the Asia Pacific region is further anticipated to create several growth opportunities fir the key players in the global gaskets market.
Asia-Pacific Dominates the Global Industrial Gaskets Market
Among the region, Asia-Pacific dominates the global industrial gaskets market followed by North America and expected to grow with CAGR of 6.02 % over the forecast period. The continuously increasing wind power installation in the Asia-Pacific is helping to grow the demand for the different types of gasket market in this region. China is the major consumer and exporter of gaskets products in the world. The growing number of refineries in China, to meet the growing fuel demand is boosting the demand of industrial gasket products in the Asia-Pacific region.
Table of Content:
Chapter – 1 Preface
Chapter – 2 Executive Summary
Chapter – 3 Global Industrial Gaskets Market Overview
Chapter – 4 Industrial Gaskets Market Macro Indicator Analysis
Chapter – 5 Global Industrial Gaskets Market by Product Type
- Ring Joint Gaskets
- Kammprofile Gaskets
- Spiral Wound Gaskets
- Soft Gaskets
- Jacketed Gaskets
- Corrugated Gaskets
- Other Gaskets
- O-ring Gaskets
- Compressed Asbestos Fiber
Chapter – 6 Global Industrial Gaskets Market by End-user
- Power Generation
- Industrial Machinery
- Chemical Processing
- Pulp & Paper
- Food & Pharmaceuticals
Chapter – 7 Global Industrial Gaskets Market by Region 2018-2024
- North America
Chapter – 8 Company Profiles and Competitive Landscape
- L. Gore & Associates, Inc.
- Klinger Limited.
- Garlock Sealing Technologies
- Hennig Gasket & Seals Inc.
- James Walker
- Spira Power
- Donit Tesnit D.O.O
- Henning Gasket & Seals Inc
Chapter – 9 Appendix
- Primary Research Findings and Questionnaire
Browse Detailed TOC and Description of this Exclusive [email protected] https://www.infiniumglobalresearch.com/industry-automation/global-industrial-gaskets-market
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