Albany, NY -- (SBWire) -- 07/05/2017 --Shaft packing is one of the most widely used shaft packings in the marine market. According to the latest study findings, due to its rising demand coming from the marine the global shaft packing market perceived growth in recent years. To provide a thorough analysis of this rapidly growing market, a study titled "Global Shaft Packing Industry 2017, Trends and Forecast Report" has been released to the wide repository of Market Research Hub (MRH). The report offers an in-depth analysis of market landscape, segmentation, key companies and market dynamics. To analyze the industry development trend, the report includes major information on its production, market share, supply/demand, import/export, price, value and gross margin for the forecast period of 2017 to 2021.

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At present, almost every consumer involved in boating refers to shaft packing as flax packing no matter what type of shaft packing is involved. Shaft packing is a unique product. This is the most practical way to eliminate water leaking into your stuffing box or leaking rudder stuffing boxes. Several new and effective shaft packings have swapped conventional flax, yet many boat owners remain to use it as a packing replacement.

In the first part, the report starts by introducing the shaft packing including definition, classification and application. This subsequent section describes the market overview, product specifications; manufacturing processes; cost structures, raw materials and so on. Types of shaft packing includes

- GTU shaft packing with W.L. Gore fibers
- Tefpack shaft packing with Synthetic Yarn
- Natural flax shaft packing impregnated with Teflon-PTFE flax
- Natural flax shaft packing with wax and animal fat

All of these types has its own importance in the marine industry. Of these, Teflon flax shaft packing is one of the most widely used shaft packings in the marine market. Geographically, the market has been categorized into Europe, Asia-Pacifica and North America; as well as highlights some of the major countries including United States, Japan, Germany, United Kingdom, South Korea and China. In addition to this, the report analyzes the market conditions on the basis of product demand, sales, capacity and consumption etc. In the first part, the report starts by describing the industry overview of shaft packing market, along with its classification and application analysis. The report further discusses the product specifications; manufacturing processes; cost structures, raw materials and so on.

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Moving further, the leading players operating in the global shaft packing industry have been profiled in the report. Details about key players such as business overview, financial overview and recent developments have been given. The strategies adopted by the companies and the challenges faced by them are also stated. In the concluding part, the report has announced new project SWOT analysis, investment feasibility and investment return analysis.

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