High-Temperature Gasket Materials Market Growth, Future Prospects and Competitive Analysis For Key Players: Auburn Bearing & Manufacturing, Teadit Group, The Flexitallic Group, 3M, San Diego Gas & Electric, Garlock, Hoosier Gasket Corporation & Permatex

The major trend being witnessed in the high-temperature gasket materials market is the increased investments for boosting the production of the material. Witnessing rapid development and expansion in end-use domains, such as chemicals, oil and gas, and power generation, across different countries across the world, the companies engaged in the production of gasket materials are also looking into expanding their production capacity.

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On the basis of material type, the high-temperature gasket materials market has been categorized into graphite, fluorosilicone, fiber glass, ceramic, mica, Teflon, silicon, stainless steel and alloy, and others, where “others” include liquid gaskets materials and Thermiculite.

The demand for electricity is rising at an exponential pace globally, particularly in developing economies. In order to meet the growing demand for electricity, new power plants are being established in countries such as China, India, South Korea, Saudi Arabia, Nigeria, and Indonesia. Since gasket materials are widely used in regulating the pressure and temperature in chambers and piping of power projects, growth in power projects is expected to boost the high-temperature gasket materials market in the coming years.

The major factor driving the growth of the high-temperature gasket materials market is the recovery in oil prices, which is also aiding the establishment and expansion of refineries. After witnessing a sharp decline in the oil and gas prices over the past few years, the oil prices have started recovering, which is resulting in fresh investments for facility expansion in the oil and gas industry.

The study provides the historical as well the forecast market size data for various countries, including the U.S., Canada, France, Germany, the U.K., Italy, Spain, Japan, China, India, Brazil, Saudi Arabia, and South Africa.

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Some of the major companies operating in the global high-temperature gasket materials market are Auburn Manufacturing Inc., TEADIT International Produktions GmbH, Flexitallic Group Inc., Atlantic Gasket Corporation, San Diego Seal Inc., Garlock Sealing Technologies, Spetech Sp. z o.o. Uszczelnienia Techniczne – Przemysłowe, 3M Company, Advanced Sealing Inc., Hoosier Gasket Corporation, British Gasket Limited, Klinger Limited, and Permatex Inc.

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