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Industrial Gaskets Market - Global Industry Analysis

Industrial Gaskets Market- By Product Type (Spiral Wound Gasket, Soft Gasket, Kammprofile Gasket, Ring Joint Gasket, Corrugated Gasket, and Jacketed Gasket), By Material Type (Semi-Metallic, Non-Metallic, and Metallic), By End-User (Power Generation, Refineries, Chemical Processing, Pulp & Paper, Industrial Machinery, Food & Pharmaceuticals, Wastewater Treatment, and Textiles), And By Region- Global Industry Perspective, Comprehensive Analysis, and Forecast, 2021 – 2028

Published Date: 20-Dec-2021 Category: Heavy Industry Report Format : PDF Pages: 187 Report Code: ZMR-2925 Status : Published

The global Industrial Gaskets Market accrued earnings worth approximately 9.1(USD Billion) in 2020 and is predicted to gain revenue of about 14.1(USD Billion) by 2028, is set to record a CAGR of nearly 5.7% over the period from 2021 to 2028.

Description

The global Industrial Gaskets Market accrued earnings worth approximately 9.1(USD Billion) in 2020 and is predicted to gain revenue of about 14.1(USD Billion) by 2028, is set to record a CAGR of nearly 5.7% over the period from 2021 to 2028. The report offers assessment and analysis of the Industrial Gaskets Market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2020 along with a forecast from 2021 to 2028 based on revenue (USD Billion).

Industrial Gaskets Market: Outlook

Industrial gasket is a mechanical seal utilized for filling space between two or more than two surfaces. Moreover, it is used for preventing leakage from space occurring between two joined objects under compression. Apparently, the products are made from sheet, paper, metal, fiberglass, rubber, cork, silicone, and felt. Furthermore, industrial gaskets find extensive use in mining, refining, oil & gas, water treatment, electronic, and petro-chemical industries. Moreover, industrial gasket is used for storing energy such as spring.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Industrial Gaskets Market: Growth Drivers

Massive product demand for piping & heat-exchanger activities in oil & gas sector, chemical processing industry, and refineries will proliferate growth of industrial gaskets market. Apart from this, strict laws pertaining to leakage in factories and rise in investments for enhancing production capacity of product will steer development of industrial gaskets market. Large-scale use of industrial gaskets in power generation, pulp & paper, and specialty chemical & chemical industries for preventing leakage of liquids & gases will prop up growth of industrial gaskets industry over forecast timespan. Moreover, beneficial features such as resistance to acids, chemicals, extreme temperatures, and alkaline will accentuate growth of industrial gaskets market. Surge in number of factories in developing nations will augment business landscape. However, fluctuations in raw material costs can impede growth of industrial gaskets market in years ahead.

Regional Outlook

Asia Pacific Industrial Gaskets Market To Record Fastest Growth By 2028

Expansion of industrial gaskets industry in Asia Pacific zone over assessment period is owing to easy availability of raw components and huge investments in end-use sectors. In addition to this, growing urbanization, rise in demand for power conservation, and increase in population in countries such as India and China is predicted to pave way for growth of industrial gaskets market in Asia Pacific over forecast period. Presence of large number of chemical factories in these countries is projected to create lucrative growth avenues for industrial gaskets market in Asia Pacific zone.

Competitive Insights

Key players profiled in report and impacting growth of industrial gaskets industry are Denver Rubber Company, W. L. Gore & Associates, Hennig Gasket & Seals, Inc., James Walker & Co., Teadit N.A., Inc., Klinger Limited, Spira Power Gasket Manufacturing LLC,  Garlock Sealing Technologies, Inc., Flexitallic L.P., Lamons, and Spitmaan.

The global Industrial Gaskets Market is segmented as follows:

By Product Type

  • Spiral Wound Gasket
  • Soft Gasket
  • Kammprofile Gasket
  • Ring Joint Gasket
  • Corrugated Gasket
  • Jacketed Gasket

By Material Type

  • Semi-Metallic
  • Non-Metallic
  • Metallic     

By End-User

  • Power Generation
  • Refineries
  • Chemical Processing
  • Pulp & Paper
  • Industrial Machinery
  • Food & Pharmaceuticals
  • Wastewater Treatment
  • Textiles

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodulogy
      • 1.3.1. Market Research Type
      • 1.3.2. Market Research Methodulogy
  • Chapter 2. Executive Summary
    • 2.1. Industrial Gaskets Market, 2018–2028(USD Billion)
    • 2.2. Industrial Gaskets Market: Snapshot
  • Chapter 3. Global Industrial Gaskets Market– Industry Analysis
    • 3.1. Industrial Gaskets Market: Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. High product demand for piping & heat-exchanger activities in oil & gas sector, chemical processing industry, and factories will promulgate industry elevation.
      • 3.2.2. Stringent regulations pertaining to leakage in refineries and surge in allocation of funds for enhancing production capacity will prompt expansion of industrial gaskets market.
    • 3.3. Porter’s Five Forces Analysis
    • 3.4. Market Attractiveness Analysis
      • 3.4.1. Market attractiveness analysis By Product Type
      • 3.4.2. Market attractiveness analysis By Material Type
      • 3.4.3. Market attractiveness analysis By End-User
  • Chapter 4. Global Industrial Gaskets Market– Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global Industrial Gaskets Market: company market share, 2019
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New Product launches
      • 4.2.3. Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4. Research and development and Regional expansion
    • 4.3. Price trend analysis
  • Chapter 5. Global Industrial Gaskets Market– Product Type Analysis
    • 5.1. Global Industrial Gaskets Market overview: By Product Type
      • 5.1.1. Global Industrial Gaskets Market share, By Product Type, 2020 and 2028
    • 5.2. Spiral Wound Gasket
      • 5.2.1. Global Industrial Gaskets Market by Spiral Wound Gasket, 2018–2028(USD Billion)
    • 5.3. Soft Gasket
      • 5.3.1. Global Industrial Gaskets Market by Soft Gasket, 2018–2028(USD Billion)
    • 5.4. Kammprofile Gasket
      • 5.4.1. Global Industrial Gaskets Market by Kammprofile Gasket, 2018–2028(USD Billion)
    • 5.5. Ring Joint Gasket
      • 5.5.1. Global Industrial Gaskets Market by Ring Joint Gasket, 2018–2028(USD Billion)
    • 5.6. Corrugated Gasket
      • 5.6.1. Global Industrial Gaskets Market by Corrugated Gasket, 2018–2028(USD Billion)
    • 5.7. Jacketed Gasket
      • 5.7.1. Global Industrial Gaskets Market by Jacketed Gasket, 2018–2028(USD Billion)
  • Chapter 6. Global Industrial Gaskets Market– Material Type Analysis
    • 6.1. Global Industrial Gaskets Market overview: By Material Type
      • 6.1.1. Global Industrial Gaskets Market share, By Material Type, 2020 and 2028
    • 6.2. Semi-Metallic
      • 6.2.1. Global Industrial Gaskets Market by Semi-Metallic , 2018–2028(USD Billion)
    • 6.3. Non-Metallic
      • 6.3.1. Global Industrial Gaskets Market by Non-Metallic , 2018–2028(USD Billion)
    • 6.4. Metallic
      • 6.4.1. Global Industrial Gaskets Market by Metallic , 2018–2028(USD Billion)
  • Chapter 7. Global Industrial Gaskets Market– End-User Analysis
    • 7.1. Global Industrial Gaskets Market overview: By End-User
      • 7.1.1. Global Industrial Gaskets Market share, By End-User, 2020 and 2028
    • 7.2. Power Generation
      • 7.2.1. Global Industrial Gaskets Market by Power Generation, 2018–2028(USD Billion)
    • 7.3. Refineries
      • 7.3.1. Global Industrial Gaskets Market by Refineries, 2018–2028(USD Billion)
    • 7.4. Pulp & Paper
      • 7.4.1. Global Industrial Gaskets Market by Pulp & Paper, 2018–2028(USD Billion)
    • 7.5. Industrial Machinery
      • 7.5.1. Global Industrial Gaskets Market by Industrial Machinery, 2018–2028(USD Billion)
    • 7.6. Food & Pharmaceuticals
      • 7.6.1. Global Industrial Gaskets Market by Food & Pharmaceuticals, 2018–2028(USD Billion)
    • 7.7. Chemical Processing
      • 7.7.1. Global Industrial Gaskets Market by Chemical Processing, 2018–2028(USD Billion)
  • Chapter 8. Company Profiles
    • 8.1. Denver Rubber Company
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Product Portfulio
      • 8.1.4. Business Strategy
      • 8.1.5. Recent Developments
    • 8.2. W. L. Gore & Associates
      • 8.2.1. Overview
      • 8.2.2. Financials
      • 8.2.3. Product Portfulio
      • 8.2.4. Business Strategy
      • 8.2.5. Recent Developments
    • 8.3. Hennig Gasket & Seals, Inc.
      • 8.3.1. Overview
      • 8.3.2. Financials
      • 8.3.3. Product Portfulio
      • 8.3.4. Business Strategy
      • 8.3.5. Recent Development
    • 8.4. James Walker & Co.
      • 8.4.1. Overview
      • 8.4.2. Financials
      • 8.4.3. Product Portfulio
      • 8.4.4. Business Strategy
      • 8.4.5. Recent Development
    • 8.5. Teadit N.A., Inc.
      • 8.5.1. Overview
      • 8.5.2. Financials
      • 8.5.3. Product Portfulio
      • 8.5.4. Business Strategy
      • 8.5.5. Recent Development
    • 8.6. Klinger Limited
      • 8.6.1. Overview
      • 8.6.2. Financials
      • 8.6.3. Product Portfulio
      • 8.6.4. Business Strategy
      • 8.6.5. Recent Development
    • 8.7. Spira Power Gasket Manufacturing LLC
      • 8.7.1. Overview
      • 8.7.2. Financials
      • 8.7.3. Product Portfulio
      • 8.7.4. Business Strategy
      • 8.7.5. Recent Development
    • 8.8. Garlock Sealing Technulogies, Inc.
      • 8.8.1. Overview
      • 8.8.2. Financials
      • 8.8.3. Product Portfulio
      • 8.8.4. Business Strategy
      • 8.8.5. Recent Development
    • 8.9. Flexitallic L.P.
      • 8.9.1. Overview
      • 8.9.2. Financials
      • 8.9.3. Product Portfulio
      • 8.9.4. Business Strategy
      • 8.9.5. Recent Development
    • 8.10. Spitmaan
      • 8.10.1. Overview
      • 8.10.2. Financials
      • 8.10.3. Product Portfulio
      • 8.10.4. Business Strategy
      • 8.10.5. Recent Development
    • 8.11. Lamons
      • 8.11.1. Overview
      • 8.11.2. Financials
      • 8.11.3. Product Portfulio
      • 8.11.4. Business Strategy
      • 8.11.5. Recent Development

List of Figures

1. Market research Type
2. Market research methodology
3. Global Industrial Gaskets Market, 2018–2028(USD Billion)
4. Porter’s Five Forces Analysis
5. Global Industrial Gaskets Market attractiveness, By Product Type
6. Global Industrial Gaskets Market attractiveness, By  Material Type
7. Global Industrial Gaskets Market attractiveness, By  End-User
8. Global Industrial Gaskets Market share by Product Type ,2020 and 2028 (USD Billion)
9. Global Industrial Gaskets Market by Spiral Wound Gasket, 2018–2028(USD Billion)
10. Global Industrial Gaskets Market by Soft Gasket, 2018–2028(USD Billion)
11. Global Industrial Gaskets Market by Facial Masks, 2018–2028(USD Billion)
12. Global Industrial Gaskets Market by Kammprofile Gasket, 2018–2028(USD Billion)
13. Global Industrial Gaskets Market by Ring Joint Gasket, 2018–2028(USD Billion)
14. Global Industrial Gaskets Market by Corrugated Gasket, 2018–2028(USD Billion)
15. Global Industrial Gaskets Market by Jacketed Gasket, 2018–2028(USD Billion)
16. Global Industrial Gaskets Market by Toners, 2018–2028(USD Billion)
17. Global Industrial Gaskets Market by Eye Creams, 2018–2028(USD Billion)
18. Global Industrial Gaskets Market by Sun Care Products, 2018–2028(USD Billion)
19. Global Industrial Gaskets Market share by  Material Type,2020 and 2028 (USD Billion)
20. Global Industrial Gaskets Market by Semi-Metallic , 2018–2028(USD Billion)
21. Global Industrial Gaskets Market by Factory Outlet , 2018–2028(USD Billion)
22. Global Industrial Gaskets Market by Non-Metallic , 2018–2028(USD Billion)
23. Global Industrial Gaskets Market by Metallic, 2018–2028(USD Billion)
24. Global Industrial Gaskets Market share by  End-User,2020 and 2028 (USD Billion)
25. Global Industrial Gaskets Market by Power Generation , 2018–2028(USD Billion)
26. Global Industrial Gaskets Market by Refineries, 2018–2028(USD Billion)
27. Global Industrial Gaskets Market by Chemical Processing , 2018–2028(USD Billion)
28. Global Industrial Gaskets Market by Pulp & Paper, 2018–2028(USD Billion)
29. Global Industrial Gaskets Market by Industrial Machinery, 2018–2028(USD Billion)
30. Global Industrial Gaskets Market by Food & Pharmaceuticals, 2018–2028(USD Billion)
31. Global Industrial Gaskets Market by Wastewater Treatment, 2018–2028(USD Billion)
32. Global Industrial Gaskets Market by Textiles, 2018–2028(USD Billion)
33. Global Industrial Gaskets Market share, by Region, 2020 and 2028
34. North America Industrial Gaskets Market, 2018–2028(USD Billion)
35. Europe Industrial Gaskets Market, 2018–2028(USD Billion)
36. Asia Pacific Industrial Gaskets Market, 2018–2028(USD Billion)
37. Latin America Industrial Gaskets Market, 2018–2028(USD Billion)
38. The Middle East and Africa Industrial Gaskets Market, 2018–2028(USD Billion)


List of Tables

1. Global Industrial Gaskets Market: snapshot
2. Drivers of the Industrial Gaskets Market: impact analysis
3. North America Industrial Gaskets Market revenue, By Product Type  ,2018–2028(USD Billion)
4. North America Industrial Gaskets Market revenue, By  Material Type ,2018–2028(USD Billion)
5. North America Industrial Gaskets Market revenue, By  End-User ,2018–2028(USD Billion)
6. The U.S. Industrial Gaskets Market revenue, By Product Type  ,2018–2028(USD Billion)
7. The U.S. Industrial Gaskets Market revenue, By  Material Type ,2018–2028(USD Billion)
8. The U.S. Industrial Gaskets Market revenue, By  End-User ,2018–2028(USD Billion)
9. Rest of North America Industrial Gaskets Market revenue, By Product Type  ,2018–2028(USD Billion)
10. Rest of North America Industrial Gaskets Market revenue, By  Material Type ,2018–2028(USD Billion)
11. Rest of North America Industrial Gaskets Market revenue, By  End-User ,2018–2028(USD Billion)
12. Europe Industrial Gaskets Market revenue, By Product Type  ,2018–2028(USD Billion)
13. Europe Industrial Gaskets Market revenue, By  Material Type ,2018–2028(USD Billion)
14. Europe Industrial Gaskets Market revenue, By  End-User ,2018–2028(USD Billion)
15. UK Industrial Gaskets Market revenue, By Product Type  ,2018–2028(USD Billion)
16. UK Industrial Gaskets Market revenue, By  Material Type ,2018–2028(USD Billion)
17. UK Industrial Gaskets Market revenue, By  End-User ,2018–2028(USD Billion)
18. France Industrial Gaskets Market revenue, By Product Type  ,2018–2028(USD Billion)
19. France Industrial Gaskets Market revenue, By  Material Type ,2018–2028(USD Billion)
20. France Industrial Gaskets Market revenue, By  End-User ,2018–2028(USD Billion)
21. Germany Industrial Gaskets Market revenue, By Product Type  ,2018–2028(USD Billion)
22. Germany Industrial Gaskets Market revenue, By  Material Type ,2018–2028(USD Billion)
23. Germany Industrial Gaskets Market revenue, By  End-User ,2018–2028(USD Billion)
24. Rest of Europe Industrial Gaskets Market revenue, By Product Type  ,2018–2028(USD Billion)
25. Rest of Europe Industrial Gaskets Market revenue, By  Material Type ,2018–2028(USD Billion)
26. Rest of Europe Industrial Gaskets Market revenue, By  End-User ,2018–2028(USD Billion)
27. Asia Pacific Industrial Gaskets Market revenue, By Product Type  ,2018–2028(USD Billion)
28. Asia Pacific Industrial Gaskets Market revenue, By  Material Type ,2018–2028(USD Billion)
29. Asia Pacific Industrial Gaskets Market revenue, By  End-User ,2018–2028(USD Billion)
30. China Industrial Gaskets Market revenue, By Product Type  ,2018–2028(USD Billion)
31. China Industrial Gaskets Market revenue, By  Material Type ,2018–2028(USD Billion)
32. China Industrial Gaskets Market revenue, By  End-User ,2018–2028(USD Billion)
33. Japan Industrial Gaskets Market revenue, By Product Type  ,2018–2028(USD Billion)
34. Japan Industrial Gaskets Market revenue, By  Material Type ,2018–2028(USD Billion)
35. Japan Industrial Gaskets Market revenue, By  End-User ,2018–2028(USD Billion)
36. India Industrial Gaskets Market revenue, By Product Type  ,2018–2028(USD Billion)
37. India Industrial Gaskets Market revenue, By  Material Type ,2018–2028(USD Billion)
38. India Industrial Gaskets Market revenue, By  End-User ,2018–2028(USD Billion)
39. Rest of Asia Pacific Industrial Gaskets Market revenue, By Product Type  ,2018–2028(USD Billion)
40. Rest of Asia Pacific Industrial Gaskets Market revenue, By  Material Type ,2018–2028(USD Billion)
41. Rest of Asia Pacific Industrial Gaskets Market revenue, By  End-User ,2018–2028(USD Billion)
42. Latin America Industrial Gaskets Market revenue, By Product Type  ,2018–2028(USD Billion)
43. Latin America Industrial Gaskets Market revenue, By  Material Type ,2018–2028(USD Billion)
44. Latin  America Industrial Gaskets Market revenue, By  End-User ,2018–2028(USD Billion)
45. Brazil Industrial Gaskets Market revenue, By Product Type  ,2018–2028(USD Billion)
46. Brazil Industrial Gaskets Market revenue, By  Material Type ,2018–2028(USD Billion)
47. Brazil Industrial Gaskets Market revenue, By  End-User ,2018–2028(USD Billion)
48. Rest of Latin America Industrial Gaskets Market revenue, By Product Type  ,2018–2028(USD Billion)
49. Rest of Latin America Industrial Gaskets Market revenue, By  Material Type ,2018–2028(USD Billion)
50. Rest of Latin America Industrial Gaskets Market revenue, By  End-User ,2018–2028(USD Billion)
51. The Middle East and Africa Industrial Gaskets Market revenue, By Product Type  ,2018–2028(USD Billion)
52. The Middle East and Africa Industrial Gaskets Market revenue, By  Material Type ,2018–2028(USD Billion)
53. The Middle East and Africa Industrial Gaskets Market revenue, By  End-User ,2018–2028(USD Billion)
54. Saudi Arabia Industrial Gaskets Market revenue, By Product Type  ,2018–2028(USD Billion)
55. Saudi Arabia Industrial Gaskets Market revenue, By  Material Type ,2018–2028(USD Billion)
56. Saudi Arabia Industrial Gaskets Market revenue, By  End-User ,2018–2028(USD Billion)
57. South Africa Industrial Gaskets Market revenue, By Product Type  ,2018–2028(USD Billion)
58. South Africa Industrial Gaskets Market revenue, By  Material Type ,2018–2028(USD Billion)
59. South Africa Industrial Gaskets Market revenue, By  End-User ,2018–2028(USD Billion)
60. Rest of the Middle East & Africa Industrial Gaskets Market revenue, By Product Type  ,2018–2028(USD Billion)
61. Rest of the Middle East & Africa Industrial Gaskets Market revenue, By  Material Type ,2018–2028(USD Billion)
62. Rest of the Middle East & Africa Industrial Gaskets Market revenue, By  End-User ,2018–2028(USD Billion)


 

Methodology

Free Analysis

The gasket is the seal, filling the space between two mating surfaces to prevent the leakage from the objects under compression. They are specially used in high-pressure steam systems. Gaskets used in industrial applications helps to limit the vibration, enhance mounting, and prevent leakage. Moreover, they maintain the required pressure and eradicate the contamination from any kind of external environmental condition. Industrial gaskets are manufactured from a different range of elastomers and materials. They are made up of flat materials which include a sheet from paper, rubber, metal, felt, silicone, nitrile rubber, cork, and others.  These gaskets can be used in various end-user industries such as chemicals, oil and gas, power, and others.

Increasing demand for industrial gaskets in various applications is primarily driving the market growth. Gaskets in the oil and gas production avoid the leakage and wastage of gas. In addition to this, rising adoption of Polytetrafluoroethylene (PTFE) from different industries such as chemicals, oil & gas, etc. will drive the growth of the market in forthcoming years. Furthermore, the increase in the stringent regulations regarding spillage and contamination by Environmental Protection Agency (EPA) to prevent the damage to the environment is also a considerable factor boosting the market growth in the forecast period. Therefore, industrial gaskets market is estimated to record a healthy growth during the forecast period. However, utilization of low-priced asbestos-based gaskets in developing countries can hamper the market growth in upcoming years. Growing number of refineries in different regions can be an opportunity for the growth of the market.

Global Industrial Gaskets Market

On the basis of product type, the industrial gaskets market is segmented into the soft gasket, ring joint gasket, jacketed gasket, spiral wound gasket, kammprofile gasket, corrugated gasket, and others (compressed fiber asbestos and O-rings). Based on the material type, the market is fragmented into metallic, non-metallic, and semi-metallic. On the basis of end-user, the market is fragmented into chemical processing, industrial machinery, power generation, pulp & paper, food & pharmaceuticals, refineries, and others (wastewater treatment and textiles).

Based on the geography, North America accounted for a major market share in 2017. The trend is anticipated to continue during the upcoming years. Rising demand for industrial gaskets from chemical processing, power generation, and refineries sectors is estimated to propel the market growth. Moreover, Asia Pacific is attributed to register the fastest growth in the market. The growth in this region is accredited to the rising demand for power production in order to meet the increasing demand for power.

Some of the key players operating in the industrial gaskets market are Hennig Gasket & Seals, Inc., Teadit, Klinger Limited, Denver Rubber Company, Garlock Sealing Technologies, W. L. Gore & Associates, Inc., Flexitallic, Lamons, Spira Power, James Walker, and Spitmaan, among others.

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FrequentlyAsked Questions

Massive product demand for piping & heat-exchanger activities in oil & gas sector, chemical processing industry, and refineries will proliferate growth of industrial gaskets market. Apart from this, strict laws pertaining to leakage in factories and rise in investments for enhancing production capacity of product will steer development of industrial gaskets market. Large-scale use of industrial gaskets in power generation, pulp & paper, and specialty chemical & chemical industries for preventing leakage of liquids & gases will prop up growth of industrial gaskets industry over forecast timespan. Moreover, beneficial features such as resistance to acids, chemicals, extreme temperatures, and alkaline will accentuate growth of industrial gaskets market. Surge in number of factories in developing nations will augment business landscape.

According to Zion market research report, the global Industrial Gaskets Market accrued earnings worth approximately 9.1(USD Billion) in 2020 and is predicted to gain revenue of about 14.1(USD Billion) by 2028, is set to record a CAGR of nearly 5.7% over the period from 2021 to 2028.

Asia Pacific will contribute lucratively towards the global market earnings over the projected timeline. The regional market surge is subject to easy availability of raw components and huge investments in end-use sectors. In addition to this, growing urbanization, rise in demand for power conservation, and increase in population in countries such as India and China is predicted to pave way for growth of industrial gaskets market in Asia Pacific over forecast period. Presence of large number of chemical factories in these countries is projected to create lucrative growth avenues for industrial gaskets market in Asia Pacific zone.

 

The key market participants include Denver Rubber Company, W. L. Gore & Associates, Hennig Gasket & Seals, Inc., James Walker & Co., Teadit N.A., Inc., Klinger Limited, Spira Power Gasket Manufacturing LLC,  Garlock Sealing Technologies, Inc., Flexitallic L.P., Lamons, and Spitmaan.

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