Global Industrial Gasket Market: Key Highlights
Global Industrial Gasket Market: Key Market Dynamics
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Global Industrial Gasket Market: Regional Overview
Owing to the rapid growth of the aerospace & defense industry in Europe, the demand for industrial gasket is expected to increase. According to the Aerospace & Defense Industries Association of Europe, the total turnover stood at USD 281.67 billion in 2018. The country invested USD 21.76 billion in aerospace & defense R&D.
The industrial gasket market in the Asia-Pacific region is projected to witness high demand owing to the rise in industrialization. Some of the factors such as increasing business investment spending, steady economic growth, and strong growth in manufacturing especially in countries such as Japan and China are also boosting the demand for product market.
Global Industrial Gasket Market: Key Players Overview
Klinger Limited is one of the leader in sealing technology and offers clients innovation solutions to every application. The company offers solution for aerospace, oil & gas, petrochemical, pharmaceuticals, and utility industries. Other products offered by the company include compression packing, pump diaphragms, gasketing products, hydraulic components, metallic gaskets, rubber expansion joints, custom molded rubber, oil seals, bearing isolators, mechanical seals, metal expansion joints, oil & gas seals, and butterfly valves.
GARLOCK (ENPRO INDUSTRIES, INC.) is a multinational manufacturer of high-performance fluid sealing and pipeline solutions. They offer its products and services for various industries such as chemical, food & beverages, marine, mining, and others. In Feb 2018, the company launched GYLON EPIX, a next generation PTFE gasket feature a hexagonal surface profile with superior compressibility and sealing for use in chemical processing environments.
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