Category

Industrial Gasket Market Size, Share, Opportunities And Trends By Material Type (Metallic, Semi-Metallic, Non-Metallic), By Product Type (Ring Joint Gaskets, Soft Gaskets, Spiral Wound Gaskets, Corrugated Gaskets, O-Ring Gaskets, Others), By End-Use Industry (Food Processing, Pharmaceutical, Textiles, Chemical, Pulp And Paper, Others) And By Geography - Forecasts From 2019 To 2024

Published: Mar 2020 | Report Code:  KSI061611935 | Pages:  101

Industrial gasket market is projected to grow at a CAGR of 2.46% to reach US$1,775.126 million by 2024, from US$1,534.393 million in 2018. Stringent environmental regulation against leakage to prevent any damage to human health and environment is one of the major drivers of industrial gasket market. Rising E&P activities worldwide is also boosting the demand for industrial gaskets across the oil and gas sector. The increasing number of refineries in the Asia Pacific region will further continue to bolster the growth of industrial gasket market during the forecast period. Since gaskets are majorly required in plumbing systems, rising construction activities will also drive the growth of industrial gasket market in the coming years. However, the volatility of raw material prices and high consumption of low-cost asbestos-based gaskets in developing economies is hampering the growth of industrial gasket market. Geographically, industrial gasket market is segmented as North America, South America, Europe, Middle East and Africa, and the Asia Pacific. North America holds a significant market share owing to stringent EPA regulations along with rising in crude oil production in the U.S. and Mexico.  

This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.

Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the industrial gasket value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.

Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the Industrial gasket market.

Major industry players profiled as part of the report are Spira Power, Denver Rubber Company, Flexitallic, Klinger Limited, and Flosil Group among others.

Segmentation

Industrial gasket market has been analyzed through the following segments:

  • By Material Type
    • Metallic
    • Semi-Metallic
    • Non-Metallic
  • By Product Type
    • Ring Joint Gaskets
    • Soft Gaskets
    • Spiral Wound Gaskets
    • Corrugated Gaskets
    • O-Ring Gaskets
    • Others
  • By End-Use Industry
    • Food Processing
    • Pharmaceutical
    • Textiles
    • Chemical
    • Pulp and Paper
    • Others
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • UK
      • Spain
      • Others
    • Middle East and Africa
      • Israel
      • Saudi Arabia
      • Others
    • Asia Pacific
      • China
      • Japan
      • South Korea
      • India
      • Others

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