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

DUBLIN, March 6, 2018 /PRNewswire/ --

The "Industrial Gaskets Market by Material (Semi-metallic, Non-metallic, Metallic), Product Type (Soft Gasket, Spiral Wound Gasket, Ring Joint Gasket), End-use Industry (Refineries, Power Generation, Chemical Processing) & Region- Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.

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 to prevent damage to the environment are the key factors driving the growth of the industrial gaskets market across the globe.

Among material types, the semi-metallic segment is expected to lead the industrial gaskets market during the forecast period. Semi-metallic gaskets are consumed by various end-use industries as they offer enhanced tightness of the assembly with low overall load as compared to metallic gaskets. This is one of the major factors driving the growth of the semi-metallic material type segment of the industrial gaskets market.

Among product types, the soft gasket segment is expected to lead the industrial gaskets market during the forecast period. Soft gaskets are the most preferred product type by various end-use industries as they are cost-effective in comparison to other industrial gaskets. Soft gaskets are mostly preferred by the processing industries across the globe.

The refineries end-use industry segment is expected to lead the industrial gaskets market from 2017 to 2022. This segment of the market is also projected to grow at the highest CAGR during the forecast period. The growth of the commercial application segment of the industrial gaskets market can be attributed to the increasing use of gaskets in high pressure and temperature applications in refineries.

The North American region is the largest market for industrial gaskets across the globe. The North American industrial gaskets market is largely driven by the demand from the oil & gas, chemical, and pulp & paper industries. Manufacturers in this region have adopted both, organic and inorganic growth strategies to expand their market share. They have also invested in R&D to enhance their products further to meet the stringent leakage limits set by the EPA, as noncompliance with these regulations results in payment of heavy penalties. These factors are expected to fuel the growth of the North America industrial gaskets market during the forecast period.

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) are the leading players operating in the industrial gaskets market.

These companies have adopted various strategies such as agreements, expansions, acquisitions, partnerships, and new product launches to meet the growing demand for industrial gaskets as well as increase their market presence.

Key Topics Covered:

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Assumptions

3 Executive Summary
3.1 Introduction
3.2 Historical Backdrop
3.3 Current Scenario
3.4 Future Trends

4 Premium Insights
4.1 Attractive Opportunities in the Industrial Gaskets Market
4.2 Industrial Gaskets Market, By Material Type
4.3 Industrial Gaskets Market, By Product Type
4.4 Industrial Gaskets Market, By End-Use Industry
4.5 Industrial Gaskets Market, By Region

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Wide Applications of Industrial Gaskets in Various End-Use Industries
5.2.1.2 Growing Demand From Oil & Gas Production Related Facilities in Gcc Countries
5.2.1.3 Increasing Consumption of Ptfe Gaskets
5.2.1.4 Stringent Leakage Regulations Implemented By the Environmental Protection Agency to Prevent Damage to the Environment
5.2.2 Restraints
5.2.2.1 Consumption of Low-Cost Asbestos-Based Gaskets in Emerging Countries
5.2.3 Opportunities
5.2.3.1 Growing Number of Refineries in the Asia Pacific
5.2.4 Challenges
5.2.4.1 Volatility of Raw Material Prices
5.3 Porter's Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
5.4 Economic Indicators

6 Industrial Gaskets Market, By Material Type
6.1 Introduction
6.2 Semi-Metallic Industrial Gaskets
6.3 Non-Metallic Industrial Gaskets
6.3.1 Ptfe Industrial Gaskets
6.3.2 Flexible Graphite Industrial Gaskets
6.3.3 EPDM Industrial Gaskets
6.3.4 Other Industrial Gaskets
6.4 Metallic Industrial Gasket
6.4.1 Stainless Steel Industrial Gaskets
6.4.2 Aluminum Industrial Gaskets
6.4.3 Copper Industrial Gaskets
6.4.4 Titanium Industrial Gaskets
6.4.5 Other Industrial Gaskets

7 Industrial Gaskets Market, By Product Type
7.1 Introduction
7.2 Soft Gaskets
7.3 Spiral Wound Gaskets
7.4 Ring Joint Gaskets
7.5 Kammprofile Gaskets
7.6 Jacketed Gaskets
7.7 Corrugated Gaskets
7.8 Other Gaskets
7.8.1 O-Ring Gaskets
7.8.2 Compressed Asbestos Fiber

8 Industrial Gaskets Market, By End-Use Industry
8.1 Introduction
8.2 Refineries
8.3 Power Generation
8.4 Chemical Processing
8.5 Industrial Machinery
8.6 Pulp & Paper
8.7 Food & Pharmaceutical
8.8 Others
8.8.1 Textiles
8.8.2 Water Treatment

9 Industrial Gaskets Market, By Region

10 Competitive Landscape
10.1 Overview
10.2 Market Ranking of Key Players
10.3 Competitive Scenario

11 Company Profiles

• Amg Sealing Limited
• Centauro S.R.L.
• Denver Rubber Company
• Donit Tesnit D.O.O
• Flexitallic
• Garlock Sealing Technologies
• Gasket Manufacturing Company
• Goodrich Gasket Private Limited
• Hennig Gasket & Seals Inc.
• Hydro Silica
• IGP
• James Walker
• Klinger Limited
• Lamons
• Leader Gasket Technologies
• Mercer Gasket & Shim
• Oman Gasket Factory
• Phelps Industrial Products
• Pidemco
• Smith Gaskets
• Spira Power
• Spitmaan
• Teadit
• Temac
• W.L. Gore & Associates, Inc.

For more information about this report visit https://www.researchandmarkets.com/research/cx4xfn/industrial?w=5

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