Global Semi-Metallic Gasket Market Size, Share, Opportunities, And Trends By Type (Spiral Wound, Metal Jacketed, Corrugated, Kammprofile), By Material (Polytetrafluoroethylene (PTFE), Graphite, Ceramic), By End-User (Oil & Gas, Paper & Pulp, Chemical, Water Treatment, Others), And By Geography - Forecasts From 2023 To 2028

The semi-metallic gasket market is projected to show steady growth during the forecast period.

A semi-metallic gasket is made from a combination of metallic and non-metallic materials, such as graphite, rubber, or other synthetic materials which are designed to provide the strength and durability of metallic gaskets and also the flexibility and sealing properties of non-metallic gaskets. Semi-metallic gaskets are commonly used in various industries, including oil & gas, chemical, and water treatment as they have resistance to high pressure, temperature, and corrosive substances. The increasing demand for oil & gas, chemicals, and clean water will boost the for semi-metallic gaskets, making them an essential component in the equipment used in these industries.

Growth of the chemical and oil-gas industry will boost the semi-metallic gasket market

Chemical industries use semi-metallic gaskets as they offer superior sealing performance, excellent chemical resistance, and can withstand exposure to highly corrosive substances, and it play an essential role in ensuring the safety and reliability of equipment used in chemical processing. Semi-metallic gaskets can help preserve the environment by reducing the risk of leaks and emissions, minimizing waste and downtime, and improving overall efficiency. The growth of the chemical industry and its focus on sustainability are expected to boost the demand for semi-metallic gaskets. The Chemical Industries Association (CIA) in the UK reported that the country's chemical industry's output increased by 9.9% in February 2021 compared to the same month in 2020. The American Chemistry Council reported that the US chemical production index (CPI) rose by 2.5% in January 2021 compared to the previous month. Semi-metallic gaskets play an essential role in the oil & gas industry as they are used in pipe flanges to prevent fluid or gas leakage from joints, in critical applications such as pipelines carrying oil, gas, or other hazardous fluids where a leak can lead to environmental damage, loss of life, and costly downtime. The increase in oil & gas demand will boost their production thereby simultaneously boosting the usage of a semi-metallic gasket as it is used in pipeline systems for natural gas & oil transportation. According to the Organization of the Petroleum Exporting Countries (OPEC) monthly oil market report for March 2022, global oil demand will continue to grow in the coming years. According to the International Energy Agency (IEA) in 2021, the demand for natural gas will increase by 1.7% per year through 2026 due to increased demand for electricity and liquefied natural gas (LNG) exports.  This demonstrates that the semi-metallic gasket market has a great demand.

During the forecast period, the Asia Pacific region is expected to hold a significant market share.

The rapid industrialization and urbanization in major Asia Pacific countries like China, India, and Japan are expected to create a significant demand for semi-metallic gaskets. In 2020, the Indian government launched the Production-Linked Incentive (PLI) scheme which offers incentives to automobile manufacturers to increase their production capacity due to which demand for semi-metallic gaskets increases. China's 14th Five-Year Plan (2021-2025) includes measures to promote the development of the oil and gas industry by increasing domestic oil and gas exploration and production, promoting clean energy technologies, and expanding the natural gas pipeline network for which semi-metallic gasket is very necessary. These factors all add to the market growth of semi-metallic gaskets in the Asia-Pacific region.

Key Developments

June 2021: Garlock, a leading manufacturer of sealing solutions, launched semi-metallic gaskets for the chemical processing industry to meet the demanding requirements of the industry, such as high-temperature and high-pressure applications.

September 2020: James Walker announced the launch of its new style 4122 semi-metallic gasket material, which is designed to offer high-temperature and high-pressure sealing performance.

Segmentation

• By Type

• • Spiral Wound
  • Metal Jacketed
  • Corrugated
  • Kammprofile
• By Material
• • Polytetrafluoroethylene (PTFE)
  • Graphite
  • Ceramic
• By End User

• • Oil & Gas
  • Paper & pulp
  • Chemical
  • Water Treatment
  • Others
• By Geography

• North America

• • USA
  • Canada
  • Mexico

• South America

• • Brazil
  • Argentina
  • Others

• Europe

• • UK
  • Germany
  • France
  • Spain
  • Others

• Middle East and Africa

• • Saudi Arabia
  • UAE
  • Others

• Asia Pacific

• • China
  • Japan
  • India
  • South Korea
  • Australia
  • Other