1. Market Research
  2. > Manufacturing
  3. > Industrial Equipment Market Trends
Industrial Gaskets Market by Material, Product Type, End-use Industry And Region - Global Forecast to 2022

Industrial Gaskets Market by Material, Product Type, End-use Industry And Region - Global Forecast to 2022

  • February 2018
  • 166 pages
  • ID: 5351025
  • Format: PDF
  • By MarketsandMarkets

Summary

Table of Contents

Search Inside

In terms of value, the industrial gaskets market is projected to grow at a CAGR of 5.5% from 2017 to 2022.
The industrial gaskets market is projected to grow from USD 8.86 billion in 2017 to USD 11.58 billion by 2022, at a CAGR of 5.5% from 2017 to 2022.

The wide applications of industrial gaskets in various end-use industries, growing demand from oil & gas production-related facilities in GCC countries, increasing consumption of PTFE gaskets, and stringent leakage regulations implemented by the EPA (Environmental Protection Agency) to prevent damage to the environment are the key factors driving the growth of the industrial gaskets market across the globe. However, the consumption of low-cost asbestos-based gaskets in emerging countries acts as a restraint to the growth of the industrial gaskets market.

Among material types, the non-metallic segment of the industrial gaskets market is projected to grow at the highest CAGR between 2017 and 2022.
The non-metallic material type segment of the industrial gaskets market is projected to grow at the highest CAGR during the forecast period. Polytetrafluoroethylene (PTFE) is the most preferred material in the non-metallic gaskets segment. This is mainly due to the material’s ability to repel water, provide excellent thermal insulation and resistance to most chemicals, and ability to operate in extreme temperatures.

Among product types, the soft gasket segment of the industrial gaskets market is projected to grow at the highest CAGR between 2017 and 2022.
The soft gasket product type segment of the industrial gaskets market is projected to grow at the highest CAGR during the forecast period. Soft gaskets help in reducing maintenance cost and provides high compressibility in extreme conditions & high temperature in various application areas in different end-use industries

Among end-use industries, the refineries segment of the industrial gaskets market is projected to grow at the highest CAGR during the forecast period.
The refineries end-use industry segment of the industrial gaskets market is projected to grow at the highest CAGR from 2017 to 2022. Industrial gaskets are being used extensively in the refinery and oil & gas industries to provide reliable sealing and adhere to leakage regulations set by regulatory authorities. Gaskets also enhance operational efficiency by reducing expenses on maintenance, monitoring, and repair.

The Asia Pacific industrial gaskets market is projected to grow at the highest CAGR from 2017 to 2022.
The Asia Pacific industrial gaskets market is projected to grow at the highest CAGR during the forecast period. The increasing population, urbanization, and growing demand for energy are leading to the increasing demand for industrial gaskets from end-use industries and driving the growth of the industrial gaskets market in Asia Pacific. In China, the industrial gaskets market is growing rapidly, as there is high demand for industrial gaskets from the refining and chemical processing industries.

The break-up of profiles of primary participants for the report has been given below:
• By Company Type: Tier 1—25%, Tier 2—35%, and Tier 3—40%
• By Designation: C Level—25%, D Level—25%, and Others—50%
• By Region: Asia Pacific—40%, Europe—25%, North America—22%, the Middle East & Africa—8%, and South America—5%

As a part of the qualitative analysis, this research study provides a comprehensive overview of the drivers, restraints, opportunities, and challenges in the industrial gaskets market. It also discusses competitive strategies adopted by leading market players, such as Klinger Limited (UK), Teadit (US), Flexitallic (US), Garlock Sealing Technologies (US), Spira Power (UAE), Lamons (US), Spitmaan (India), W. L. Gore & Associates, Inc. (US), Hennig Gasket & Seals, Inc (US), James Walker (UK) and Denver Rubber Company (US), among others, to strengthen their position in the industrial gaskets market.

Research Coverage
This report defines, segments, and projects the industrial gaskets market based on material type, product type, end-use industry, and region. It strategically profiles key players and comprehensively analyses the ranking of the leading market players. It also tracks and analyzes competitive developments such as agreements, expansions, acquisitions, contracts, partnerships, and new product launches in the industrial gaskets market.

Reasons to Buy the Report
This report is expected to help market leaders/new entrants in this market by providing them the closest approximations of revenues of the industrial gaskets market and its subsegments. This report is also expected to help stakeholders obtain an improved understanding of the competitive landscape, gain insights to enhance the position of their businesses, and enable them to make suitable go-to-market strategies. The report is expected to enable the stakeholders to understand the pulse of the market and provide them information on key market drivers, restraints, challenges, and opportunities.

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.
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.
Purchase Reports From Reputable Market Research Publishers
Strategic Outlook of the Global Pumps Market, 2019

Strategic Outlook of the Global Pumps Market, 2019

  • $ 4950
  • August 2019

This research service covers the global opportunities in 2019 for pumps companies in the top 3 end-user industry segments (water and wastewater, food and beverages, and construction).It offers regional ...

Gaskets & Seals Markets in China

Gaskets & Seals Markets in China

  • $ 4000
  • June 2019

China’s demand for Gaskets & Seals has grown at a fast pace in the past decade.In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth ...

Global Vacuum Furnace Market - Opportunities and Forecast (2014-2024)

Global Vacuum Furnace Market - Opportunities and Forecast (2014-2024)

  • $ 2400
  • October 2019

Executive SummaryThe Global Vacuum furnace market was valued at USD 689.64 Million in the year 2018. The rise in investments in vehicle manufacturing plants from the developed and developing countries, ...


ref:plp2018

Reportlinker.com © Copyright 2019. 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