Industrial Gaskets Market Overview
Refineries & petrochemical, power generation, chemical, and pulp and paper sectors all rely on industrial gaskets to keep liquids and gases from leaking. In these industries, the need for industrial gaskets is growing due of their greater resistance to chemicals (alkaline and acidic, as well as others), high temperature, intense pressure, and other properties. A rise in industrial gasket demand is anticipated as more refineries are built in developing nations.
During the period from 2022 to 2029, the industrial gaskets market is predicted to grow at a 5.7% CAGR.
Mechanic sealing devices, such as industrial gaskets, fill up the gaps between mating surfaces, which is why they are so prevalent in diverse systems. They are widely used in a variety of industries, including food and pharmaceuticals; electrical; maritime; and more.
Industrial gaskets market expansion is being fueled by an increase in the use of PTFE gaskets throughout the world. The Environmental Protection Agency’s strict leakage restrictions and the vast variety of end-use sectors that employ industrial gaskets are driving the market’s expansion. Because they stop leaks and make production efficient, gas and fluid transfer applications are increasingly using the product, further impacting the market.
Global Industrial Gaskets Market Segmented As Follows:
By Material Type (Semi-Metallic Industrial Gaskets, Non-Metallic Industrial Gasket, Metallic Industrial Gasket),
Product Type (Soft Gaskets, Spiral Wound Gaskets, Ring Joint Gaskets, Kammprofile Gaskets, Jacketed Gaskets, Corrugated Gaskets, Others),
End-Use (Refineries, Power Generation, Chemical Processing, Industrial Machinery, Pulp and Paper, Food and Pharmaceuticals, Textile, Water Treatment, Others),
Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Gaskets Market Competitive Landscape
Detailed information about each company can be found in the industrial gaskets market competitive landscape In addition to a company’s overview and financials (including revenue earned and market potential), the following are included: investment in research and development (R&D), new market initiatives, a global presence, production locations and facilities, and production capacity. Only data points relating to the industrial gaskets market are included in this list.
The industrial gaskets market is dominated by a number of major competitors, including AMG Sealing Limited, Denver Rubber Company, Klinger Limited, Teadit, Flexitallic, GARLOCK FAMILY OF COMPANIES, Spira Power, lamons, Spitmaan, W. L. Gore & Associates, Inc Hennig Gasket & Seals Inc, James Walker, Denver Rubber Company, DONIT TESNIT d.o.o, Flexitallic, SMITH GASKETS, W. L. Gore & Associates, Inc, Temac, Phelps Industrial Products, Mercer Gasket & Shim, igp, and James Walker, among others.