Global Industrial Gaskets Market, By Material Type (Semi-Metallic Gaskets, Non-Metallic Gaskets, and

Published Date: | Report Code : MT1958266

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Rapid industrialization and urbanization have led to the rise in the number of assembling plants, vehicles, and different other mechanical instruments, which is driving the industrial gasket market. The augmented need to improve the efficiency and proficiency of designing hardware is further boosting the industrial gasket market growth. Gaskets are widely used in various end-use industries, such as refineries, power generation, chemical processing, and others.

Segments Analysis

Based on product type, the soft gaskets segment of the industrial gaskets market is expected to witness significant demand, as soft gaskets provide high compressibility in extremely high temperatures, as well as the cost of maintaining these types of gaskets, is comparatively low.

Based on the end-use industry, the refineries segment is expected to grow at the highest rate, owing to factors, such as effective sealing, anti-leak properties of gaskets, and improved operational efficiency by abbreviating various expenses, such related to monitoring, repairs, and maintenance.

Key Factors Impacting Market Growth:

  • Continuous growth of the oil & gas industry

  • The rising number of refineries in the Asia Pacific region

  • Fluctuating prices of raw materials

Regional Analysis

The regional outlook section for the industrial gaskets market provides the region-wise market projections along with related market dynamics. In addition, this section provides further information about segments in the market on a regional basis and country-wise outlook. Major regions considered in this report include North America, Western Europe, Asia Pacific, Middle East, Eastern Europe, and Rest of the World. North America and Western Europe have been traditional markets with a sizeable demand for advanced materials from end-use industries. North America and Western Europe with an established industrial sector having substantial contribution towards respective economies are estimated to dominate overall demand by region. Some of the major industries in this region include automotive, heavy engineering, building & construction, aerospace & defense, mining, and so on. This industries are expected to register steady growth in North America and Western Europe region during the forecast period.

Asia Pacific region is estimated to register highest CAGR with strong industrial and infrastructural growth. Some of the major economies, in the region, include China, India, South Korea, Japan, Australia, and so on. In addition, favourable conditions for production activities in addition to the growing market demand has attracted global companies to make strategic investments in this region. Middle East and Eastern Europe with countries including UAE, Russia, Saudi Arabia, Turkey, and Qatar are expected to be potential markets with growth of the industrial sector in the region. Rest of the World consisting of South America and Africa are estimated to be emerging regions for the industrial gaskets market during the forecast period.

Companies Covered: Cooper standard holding Inc., BRUSS, Bal Seal Engineering, AIGI Environmental, AB SKF, Dana Holding Corporation, Federal-Mogul Holdings Corporation, Freudenberg Sealing Technologies Gmbh & Co. Kg, Flowserve Corporation, Smiths Group PLC, Trelleborg AB, Elringklinger AG, Datwyler Holding Inc., Victor Gaskets India Limited, Boyd Corp, and DuPont

Market Segmentation:

By Material Type:

  • Semi-Metallic Gaskets

  • Non-Metallic Gaskets

  • Metallic Gaskets

By Product Type:

  • Soft Gaskets

  • Spiral Wound Gaskets

  • Ring Joint Gaskets

  • Others

By End-Use Industry:

  • Refineries

  • Power Generation

  • Chemical Processing

  • Refineries

  • Others

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Material Type

    • By Product Type

    • By End-Use Industry

  • Western Europe

    • By Country (Germany, UK, France, Spain, Rest of Western Europe)

    • By Material Type

    • By Product Type

    • By End-Use Industry

  • Eastern Europe

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Material Type

    • By Product Type

    • By End-Use Industry

  • Asia Pacific

    • By Country (China, Japan, India, Rest of Asia Pacific)

    • By Material Type

    • By Product Type

    • By End-Use Industry

  • Middle East

    • By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)

    • By Material Type

    • By Product Type

    • By End-Use Industry

  • Rest of the World

    • By Region (South America, Africa)

    • By Material Type

    • By Product Type

    • By End-Use Industry

Reasons to Buy This Report:

  • Market size estimation of the industrial gasket market on a regional and global basis

  • The unique research design for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment

  • By Sub-segment

  • By Region/Country

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