Pune, India -- (SBWIRE) -- 04/10/2018 -- The Global Industrial Gaskets Market is expected to reach USD 13.60 billion by 2025, from USD 8.90 billion in 2017, growing at a CAGR of 5.7% during the forecast period of 2018 to 2028. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Global Industrial Gaskets Market, By Material (Semi-metallic, Non-metallic, Metallic), By Product Type (Soft Gasket, Spiral Wound Gasket, Ring Joint Gasket), By End-use Industry (Refineries, Power Generation, Chemical Processing), By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025
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Some of the major players operating in the global industrial gaskets market are:-
- emulsions AMG Sealing Limited,
- Denver Rubber Company,
- Klinger Limited,
- GARLOCK FAMILY OF COMPANIES,
- Spira Power,
- L. Gore & Associates, Inc
- Hennig Gasket & Seals Inc,
- James Walker,
- Denver Rubber Company,
- DONIT TESNIT d.o.o,
- Flexitallic ,
- SMITH GASKETS,
- L. Gore & Associates, Inc,
- Temac ,
- Phelps Industrial Products,
- Mercer Gasket & Shim, igp,
- James Walker,
- among others.
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This market report defines the market trends and forecast the upcoming opportunities and threats of the industrial gaskets market in the next 8 years. Industrial gaskets are primarily used to fill the empty spaces between the coupling surfaces to avoid leakage and wastage of fluids and gas. It also helps in maintaining pressure and avoids contamination from the external environmental condition. They are commonly made of flexible material such as rubber, paper, or cork. They are used in manufacturing machine equipment's such as cars, planes, boats, trains, pumps etc.
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Major Market Drivers:
- Rapid growing demand of industrial gaskets in oil & gas production basically in GCC (gulf cooperation council) countries.
- Wide applications of industrial gaskets in various end-use industries
- Increasing consumption of PTFE (Polytetrafluoroethylene) gasket
- Consumption of low-cost asbestos-based gaskets in emerging countries
The Global Industrial Gaskets Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of industrial gaskets market for global, Europe, North America, Asia Pacific and South America.
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Key Questions Answered in Global Industrial Gaskets Market Report:-
What will the market growth rate, Overview and Analysis by Type of Global Industrial Gaskets Market in 2025?
What are the key factors driving, Analysis by Applications and Global Industrial Gaskets Market?
What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Global Industrial Gaskets Market?
Who are Opportunities, Risk and Driving Force of Global Industrial Gaskets Market?
Who are the opportunities and threats faced by the vendors in Global Industrial Gaskets Market?
What are the Global Industrial Gaskets Market opportunities, market risk and market overview of the Market?
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