1. Market Research
  2. > Manufacturing
  3. > Industrial Equipment Market Trends
Industrial Gaskets Market by Material Type , Product Type, End-Use Industry And Region - Global Forecast to 2025

Industrial Gaskets Market by Material Type , Product Type, End-Use Industry And Region - Global Forecast to 2025

  • February 2021
  • 174 pages
  • ID: 5351025
  • Format: PDF
  • MarketsandMarkets

Summary

Table of Contents

Search Inside

The global industrial gaskets market size is projected to reach USD 11.6 billion by 2025 at a CAGR of 5.2% during the forecast period. The the increasing demand for industrial gaskets in various applications for refineries, chemical processing, food processing, pulp & paper, power generation, and pharmaceutical industries and stringent leakage regulations by various environmental regulatory bodies, are the major drivers boosting the demand for industrial gaskets market globally. In addition, rise in the number of refineries in APAC, are creating growth opportunities for the industrial gaskets market in this region. However, the consumption of low-cost asbestos-based gaskets is hampering the demand for industrial gaskets.

Semi Metallic material type segment to capture highest share in industrial gaskets market during the forecast period.
The semi metallic is the most-widely used material in industrial gaskets manufacturing owing to its various physical properties, and it offers enhanced tightness of the assembly with low overall load compared to metallic industrial gaskets.These gaskets are suitable for medium and high pressure applications.

Spiral wound gaskets, corrugated, jacketed, and kammprofile gaskets are the most preferred product types in the semi-metallic industrial gaskets segment.

Soft gaskets to be the largest product type segment
Soft gasket product type accounted for the largest share of the industrial gaskets market in 2019.These gaskets are typically manufactured from soft materials and are commonly used in sealing pipes to prevent the leakage of liquids.

Soft gaskets also have certain other common applications, such as anti-vibration and mounting, and thus, used in pipelines and heat exchangers majorly.. These are in high demand for various applications in end-use industries like refineries, food & pharmaceutical, and chemical processing as they are cost effective.

Refineries to account for the largest market share during the forecast period
The refineries segment is the largest and the fastest-growing end-use industry in the global industrial gaskets market in 2019. Gaskets also enhance operational efficiency by reducing the expenses on maintenance, monitoring, and repairs Moreover, the high pressure and high-temperature applications in this industry has boosted the demand for industrial gaskets during the forecast period.

APAC is the largest and fastest growing industrial gaskets market during the forecast period.
APAC is estimated to be the largest and the fastest-growing industrial gaskets market during the forecast period.The growth of the market in this region is primarily attributed to the rapidly growing population, urbanization, and industrialization.

The demand for industrial gaskets is high in developing economies, such as China, and India.The region is attracting investors for setting up production facilities because of the easy availability of raw materials and labor at lower prices.

It has witnessed significant growth in manufacturing activities due to low manufacturing costs and the support of local governments.An increase in R&D investments is also one of the factors driving the market in APAC.

There is a rising demand for non-metallic industrial gaskets from the food processing and pharmaceutical industries, which also contributes to the growth of this market.

Between 2019 and 2020, the industrial gaskets market witnessed a low growth rate due to COVID-19 and the consequent complete lockdown worldwide.This has led to a decrease in the demand for fuels globally, leading to reduced production in oil refineries.

Therefore, in 2020, the industrial gaskets market is expected to witness a dip.
• By Company Type – Tier 1: 25%, Tier 2: 50%, and Tier 3: 25%
• By Designation - Director Level: 30%, C Level: 20%, and Others: 50%
• By Region - Europe: 30%, North America: 25%, APAC: 20%, South America: 15%, and the Middle East & Africa: 10%

The report profiles several leading players of the industrial gaskets market, such as Klinger (Austria), Teadit (US), Flexitallic (US), Garlock (US), W.L.Gore (US), Spira Power (UAE), Lamons (US), Donit (Slovenia), Goodrich Gasket (India), and James Walker (UK). The report also includes detailed information about various growth strategies adopted by these key players to strengthen their position in the industrial gaskets market.

Research Coverage:
The report offers insights into the industrial gaskets market in the key regions.It aims at estimating the size of the industrial gaskets market during the forecast period and projects future growth of the market across various segments based on material type, product type, end-use industry, and region.

The report also includes an in-depth competitive analysis of the key players in the industrial gaskets market, along with company profiles, SWOT analysis, recent developments, and key market strategies.

Key Benefits of Buying the Report:
The report will help leaders/new entrants in the industrial gaskets market by providing them with the closest approximations of revenues for the overall market and its various sub-segments.This report will help stakeholders obtain a better understanding of the competitive landscape and gain insights to enhance their businesses and devise suitable market strategies.

The report will also help stakeholders understand the pulse of the market and help acquire information on key market drivers, restraints, challenges, and opportunities affecting the growth of the industrial gaskets market.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.

ref:plp2021

Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on