Industrial Gasket Market by Material Type (Non-metallic, Semi-metallic, Metallic), by Product Type (soft, Corrugated), by Application (Refineries, Food Processing), by Region (Asia Pacific, North America, Europe, Middle East & Africa, South America) – Global Forecast 2017 to 2024

Industrial Gasket Market Size, Share, Trends, Growth, Analysis, Research

Industrial Gasket Market: Summary

The Global Industrial Gasket Market is estimated to reach USD 11.6 Billion by 2024 at a CAGR of 5.4 %.

Industrial gaskets are sealing materials placed between the connecting flanges which will help to maintain the leakage proof sealing in all the operations by creating a static seal. The primary function of gaskets is to retain the internal pressure and prevent the liquids, gases, and contaminants to escape from the assemblies in the industries. The Asia Pacific is one of the fastest growing regions in the industrial gasket market owing to factors such as stable economic growth, increased consumption of manufactured goods, continuous technology innovation, and expanding manufacturing base, amongst others. 

Industrial Gasket Market

 

Industrial Gasket Market: Drivers & Restraints

Market Drivers:

  • Rising Industrialization in Emerging Economies

Industrialization in emerging countries has resulted in a considerable rise in the number of manufacturing plants, machinery, and various other mechanical instruments that are expected to boost the demand for industrial gasket during the forecasted period. The need to improve the performance and efficiency of engineered products is boosted by industrial gaskets. In emerging markets such as China, India, Brazil, and Russia, various industries are growing at a steady pace which will boost the growth of the product market. For Instance, Brazil is one of the emerging economies in South America where chemical processing, petroleum production, and cement making are some of the industries which may boost the product market growth.

  • Growing Demand from Oil & Gas Production Related Facilities in GCC Countries

 According to Organization of the Petroleum Exporting Countries (OPEC), the OPEC member countries have 1,189.8 million barrels curde oil resreves. Countries producing crude oil have been adopting best practices in the industry, realizing intensive explorations and enhanced recoveries. Industrial gaskets are been used in pipes used for oil & gas production and transportation which avoids leakages and any harm to human and environment. The gaskets helps to achive the reliable seal to prevent the leakages from the flange joints. Thus, the demand for industrial gasket form oil & gas production in GCC countries is expected to surge the product market growth.

Market Restraints:

  • The volatility of Raw Material Prices

Raw materials used for the manufacturing of gaskets are rubber, silicone, metal, fiberglass, plastic polymer, and neoprene among others. These raw materials are available in abundant in some regions while other countries are relay on imports from these countries. For instance, steel is one of the metals used for the manufacturing of gaskets which is majorly produced in China, Japan, and India. Thus, it may result in the surplus or shortage of the commodity in specific regions resulting in fluctuation in the raw material prices which in turn may hinder the growth of the product market.

Industrial Gasket Market: Key Segments

  • By Material Type: Non-metallic, Semi-metallic, and Metallic
  • On The Basis of Product Type: Soft Gasket, Corrugated Gasket, Spiral Wound Gasket, Ring Joint Gasket, Camprofile Gasket, and Others
  • By Application: Refiners, Food Processing Industries, Power Plants, Chemical Processing, Industry Machinery, and Others
  • Regions Covered: North America, South America, Europe, Asia-Pacific, Middle East & Africa and South America, with individual country-level analysis

Industrial Gasket Market: Report Scope

The report on the Industrial Gasket market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report Features

Specifics

Historical/Estimated/Forecasted Market Size Years

2017-2024

Base Year for Market Calculation

2018

Forecasted Period

2019-2024 (2019 estimated year, forecasted up to 2024)

Measured Units

Value (USD Million), Volume (Units)

Segments Included

Product Type, Application, Construction Type End User and Region

Regional Coverage

Asia-Pacific, North America, Europe, Middle East & Africa, and South America

 Key Companies Covered

  • Gardico(Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • Spira Power
  • Klinger Limited
  • James Walker
  • Flexitallic
  • GARLOCK (ENPRO INDUSTRIES, INC.)
  • Teadit
  • GTeek Ltd. (Temac)
  • Talbros
  • Centauro Srl
  • Other Key Companies

Industrial Gasket Market: Report Segmentation

For the scope of report, In-depth segmentation is offered by Forencis Research

Industrial Gasket Market, by Material Type

  • Non-metallic
  • Semi-metallic
  • Metallic

Industrial Gasket Market, by Product Type

  • Soft Gasket
  • Corrugated Gasket
  • Spiral Wound Gasket
  • Ring Joint Gasket
  • Camprofile Gasket
  • Others

Industrial Gasket Market, by Application

  • Refineries
  • Food Processing Industries
  • Power Plants
  • Chemical Processing
  • Industrial machinery
  • Others

Industrial Gasket Market, by Region

  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Argentina
    • Rest of South America

Key Questions answered by the report

  • What are the major developments impacting the global market and its growth?
  • What will be the effects of the developments in the global market on the industry and on the market players in the near and far future?
  • What are the evolving types of the global market?
  • What are the evolving applications of the global market?
  • What are the major characteristics that will affect the global market growth during the study period?
  • Who are the key global players operating in the market?
  • How are the major players leveraging in the existing global market conditions?

Report Audience

  • Industrial Gasket Market Providers
  • Industrial Gasket Market Solution and Services Suppliers, Distributors and Dealers
  • End-Users of Varied Segments of Industrial Gasket Market
  • Associations and Industrial Organizations
  • Research & Consulting Service Providers
  • Government Bodies and Intellectual Institutions
  • Research & Development Organizations
  • Investment Banks & Private Equity Firms

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE INDUSTRIAL GASKET MARKET STUDY

1      INTRODUCTION

1.1       Research Objectives

1.2       Market Definition

1.3       Research Scope

1.4       Regional Coverage

1.5       Research Timeline

1.6       Assumptions

1.7       Limitations

2      RESEARCH DESIGN & SCOPE

2.1       Introduction

2.2       Primary Research

                                  2.2.1    Key Industry Expert Insight

2.3       Secondary Research

                                  2.3.1    Vital Data from Secondary Sources

2.4       Market Size Estimation

2.5       Data Validation & Triangulation

3      EXECUTIVE SUMMARY

4      MARKET DYNAMICS

4.1       Introduction

4.2       Drivers

                                 4.2.1.    Rising Industrialization in Emerging Economies

                                 4.2.2.    Growing Demand from Oil & Gas Production Related Facilities in GCC Countries

4.3       Restraints

                                 4.3.1.    Volatile Raw Material Price

4.4       Opportunities

                                 4.4.1.    Growing Number of Refineries

4.5       Challenges

                                  4.5.1    Consumption of Low-Cost Asbestos-Based Gaskets

5      INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS

5.1       Introduction

                                 5.1.1.    Power of Buyers

                                 5.1.2.    Power of Suppliers

                                 5.1.3.    Intensity of Competition

                                 5.1.4.    Challenges of Substitutes

                                 5.1.5.    Challenges of New Entrants

5.2       Macro-Economic Indicators

6      INDUSTRIAL GASKET MARKET BY MATERIAL TYPE, Market Size in USD Million (2017—2024)

6.1       Introduction

6.2       Non-Metallic

6.3       Semi-metallic

6.4       Metallic

7      INDUSTRIAL GASKET MARKET BY PRODUCT TYPE, Market Size in USD Million (2017—2024)

7.1       Introduction

7.2       Soft Gasket

7.3       Corrugated Gasket

7.4       Spiral Wound Gasket

7.5       Ring Joint Gasket

7.6       Camprofile Gasket

7.7       Others

8      INDUSTRIAL GASKET MARKET BY APPLICATION, Market Size in USD Million (2017—2024)

8.1       Introduction

8.2       Refineries

8.3       Food Processing Industries

8.4       Power Plants

8.5       Chemical Processing

8.6       Industrial Machinery

8.7       Others

9      INDUSTRIAL GASKET MARKET BY REGION, Market Size in USD Million (2017—2024)

9.1       North America

                                 8.1.1.    US

                                 8.1.2.    Canada

                                 8.1.3.    Mexico

9.2       Europe

                                 8.2.1.    Germany

                                 8.2.2.    France

                                 8.2.3.    Italy

                                 8.2.4.    UK

                                 8.2.5.    Russia

                                 8.2.6.    Spain

                                 8.2.7.    The Netherlands

                                 8.2.8.    Rest of Europe

9.3       Asia-Pacific

                                 8.3.1.    China

                                 8.3.2.    Japan

                                 8.3.3.    India

                                 8.3.4.    South Korea

                                 8.3.5.    Taiwan

                                 8.3.6.    Rest of Asia-Pacific

9.4       Middle East & Africa

                                 8.4.1.    Saudi Arabia

                                 8.4.2.    UAE

                                 8.4.3.    Rest of Middle East

9.5       South America

                                 8.5.1.    Brazil

                                 8.5.2.    Argentina

                                 8.5.3.    Rest of South America

10   COMPETITIVE LANDSCAPE

10.1     Introduction

10.2     Market Ranking/Share Analysis of Key Companies

10.3     Company Benchmarking

11   COMPANY PROFILES

11.1     Klinger Limited

                                11.1.1    Company Overview

                                11.1.2    Financial Overview

                                11.1.3    Products/Solutions/Services Offered

                                11.1.4    Key Developments

                                11.1.5    SWOT Analysis

11.2     Gardico

11.3     Spira Power

11.4     Klinger Limited

11.5     James Walker

11.6     Flexitallic

11.7      GARLOCK (ENPRO INDUSTRIES, INC.)

11.8     Teadit

11.9     GTeek Ltd. (Temac)

11.10  Talbros

11.11  Centauro Srl

11.12  Other Key Companies

12   APPENDIX

12.1     Key Industry Expert Insights

12.2     Primary Discussion Guide

12.3     Customization Options

Note1: Tentative table of contents, may get updated during the course of research.

Note2: Company financial information is subject to availability in public domain

 

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY

Rep Id : CM 025

Published : January, 2020


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