Global High Temperature Gaskets Market to Reach Nearly US$ 32 Bn by 2025

A new comprehensive study titled “High Temperature Gaskets Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025” has recently been submitted to the vast database of Market Research Reports Search Engine (MRRSE). The report projects the global high temperature gaskets market to grow at a CAGR of over 5% and reach a valuation of nearly US$ 32 billion by the end of the forecast period.

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According to the report, demand for high temperature gaskets is likely to witness a spike during the assessment period on account of growing adoption in various end-use industries. Some of the key end-use industries where high temperature gaskets are used include power generation, chemical processing, transportation, and oil & gas. The increasing emphasis on power generation activities in developing countries of Asia Pacific and Latin America is likely to provide an impetus to demand for high temperature gaskets during the assessment period.

The report segments the global high temperature market on the basis of end-user industry, design, product type, material type and region. The end-user industry segment is further sub-segmented into transportation, primary metals, chemical processing, oil & gas, power generation and others. The design segment categorizes the global market into fishbone, double-jacketed, kammprofile and spiral wound.

By product type, the global market is divided into ultra high temperature liquid gaskets (350-8500C), metallic, non-metallic and semi-metallic. On the basis of material type, the market is sub-segmented into UHT liquid gasket materials, stainless steel & alloys, silicon, teflon, ceramic, mica, fluorosilicone, graphite, fiber glass and others (rubber, wood, paper, Cork, chemicals& materials, thermiculite etc.). Geographically, the market is divided into key regions globally which are North America, Latin America, Europe, Asia Pacific and Middle East & Africa.

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According to the report, Asia Pacific is likely to emerge as a lucrative market for high temperature gaskets during the assessment period. Demand for high temperature gaskets in the region is likely to be driven by growing emphasis on power generation, and steadiness in the automotive industry

The report profiles some of the leading players operating in the market. Some of these players are Henkel AG & Co. KGaA, Lamons, ThreeBond Group, Garlock Sealing Technologies, 3M, Teadit Group, Flexitallic Group, Gasket Resources Inc., Excelsior, Inc., Spetech Sp.Z.o.o., National Engineering Products Inc., Premier Seals Manufacturing, . Jet Lube LLC., A.I. Schulze Chemotechnische Fabrik e.K., Kömmerling Chemische Fabrik GmBH, IGS Industries, Hennig Gasket & Seals Inc., A.W. Chesterton and Advanced Sealing.

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