Global Industrial Gaskets Market is Forecast to Reach a Value of USD 18,620.5 Million By 2030 with a Growing CAGR of 6.29% | Infinium Global Research

Infinium Global Research, an esteemed authority in market analysis, has recently published an exhaustive report on the Global Industrial Gaskets Market. This comprehensive report provides an in-depth analysis of segments and sub-segments within the global and regional industrial gaskets landscape, shedding light on the drivers, restraints, and macro indicators influencing this sector over both short and long terms. According to the report, the global industrial gaskets market is forecasted to exhibit a commendable Compound Annual Growth Rate (CAGR) of 6.29% during the forecast period of 2023-2030.

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The industrial gaskets market is anticipated to grow at a CAGR of 6.29% between 2023 and 2030 in terms of value. A surge in demand from oil and gas production facilities in the Gulf countries propels the industrial gaskets market's growth. Additionally, the increasing consumption of Polytetrafluoroethylene (PTFE) gaskets and stringent regulations by environmental protection agencies to prevent environmental damage through leakages further fortify market expansion. The burgeoning industrial development, urbanization, and a rise in manufacturing plants, machinery, and automobiles significantly contribute to market growth. Gaskets, owing to their ability to withstand extreme pressure conditions, compressive loads, and heat, find substantial applications across various industry verticals. However, the price volatility of raw materials such as rubber, silicone, and graphite acts as a restraining factor. Nevertheless, the increasing number of refineries in the Asia Pacific region is expected to create growth opportunities for key market players.

Geographically, North America dominates the global industrial gaskets market, fueled by demand from the oil & gas, chemical, and pulp and paper industries. The rising demand for industrial gaskets from refineries, power generation, and chemical processing sectors is expected to propel North America's industrial gasket market. The United States, boasting four of the world's largest refineries, including those in Port Arthur, Texas, Baytown, TX, Garyville, LA, and Baton Rouge, significantly contributes to the growth of North America's industrial gaskets market.

Key Players Driving the Market: Leading players in the global industrial gaskets market, such as ElringKlinger AG, W. L. Gore & Associates, Inc., Klinger Limited., Garlock Sealing Technologies, Lamons, Hennig Gasket & Seals Inc., James Walker, Spira Power, Donit Tesnit D.O.O, and Teadit, are shaping the industry's trajectory with their innovative approaches and strategic endeavors.

Industrial gaskets find extensive utilization across compound and petrochemical enterprises, including refineries, for high-pressure framework applications such as channeling systems, joint associations, and ribs. They are also deployed in internal combustion engines, medical devices, electronics, instrumentation devices, and electrical equipment like motors, transformers, and generators. The escalating demand for industrial safety, particularly in high-risk sectors such as nuclear, aircraft, chemical, oil and gas, and mining industries, augments the application of industrial gaskets in the global market.

Challenges and Opportunities: Reduction of plant leakage remains a critical concern for legislative compliance, health, safety requirements, and environmental protection. With approximately 50-60% of fugitive emissions originating from valves, stringent regulations are being enforced to mitigate pollution and other hazards stemming from unsafe gas emissions. Additionally, the fluctuation in raw material prices, influenced by crude oil price movements and environmental policies, poses challenges for manufacturers, impacting profitability.

Asia-Pacific's Growth Trajectory: Asia Pacific is slated for steady growth, expected to contribute nearly two-thirds of global growth. The region, spearheaded by economic powerhouses like China and India, has witnessed a surge in refinery capacities, driving the demand for industrial gaskets. Gaskets play a pivotal role in controlling leakage in high-pressure and high-temperature environments within the refinery industry.

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Table of Content

Chapter 1. Preface

1.1. Report Description

1.2. Research Methods

1.3. Research Approaches

Chapter 2. Executive Summary

2.1. Industrial Gaskets Market Highlights

2.2. Industrial Gaskets Market Projection

2.3. Industrial Gaskets Market Regional Highlights

Chapter 3. Global Industrial Gaskets Market Overview

3.1. Introduction

3.2. Market Dynamics

3.2.1. Drivers

3.2.2. Restraints

3.2.3. Opportunities

3.3. Porter's Five Forces Analysis

3.4. IGR-Growth Matrix Analysis

3.4.1. IGR-Growth Matrix Analysis by Product Type

3.4.2. IGR-Growth Matrix Analysis by End-user

3.4.3. IGR-Growth Matrix Analysis by Region

3.5. Value Chain Analysis of Industrial Gaskets Market

Chapter 4. Industrial Gaskets Market Macro Indicator Analysis

Chapter 5. Global Industrial Gaskets Market by Product Type

5.1. Ring Joint Gaskets

5.2. Kammprofile Gaskets

5.3. Spiral Wound Gaskets

5.4. Soft Gaskets

5.5. Jacketed Gaskets

5.6. Corrugated Gaskets

5.7. Other Gaskets

5.7.1. O-ring Gaskets

5.7.2. Compressed Asbestos Fiber

Chapter 6. Global Industrial Gaskets Market by End-user

6.1. Power Generation

6.2. Industrial Machinery

6.3. Chemical Processing

6.4. Refineries

6.5. Pulp & Paper

6.6. Food & Pharmaceuticals

6.7. Others

6.7.1. Textiles

6.7.2. Water Treatment

Chapter 7. Global Industrial Gaskets Market by Region 2023-2030

7.1. North America

7.1.1. North America Industrial Gaskets Market by Product Type

7.1.2. North America Industrial Gaskets Market by End-user

7.1.3. North America Industrial Gaskets Market by Country

7.2. Europe

7.2.1. Europe Industrial Gaskets Market by Product Type

7.2.2. Europe Industrial Gaskets Market by End-user

7.2.3. Europe Industrial Gaskets Market by Country

7.3. Asia-Pacific

7.3.1. Asia-Pacific Industrial Gaskets Market by Product Type

7.3.2. Asia-Pacific Industrial Gaskets Market by End-user

7.3.3. Asia-Pacific Industrial Gaskets Market by Country

7.4. RoW

7.4.1. RoW Industrial Gaskets Market by Product Type

7.4.2. RoW Industrial Gaskets Market by End-user

7.4.3. RoW Industrial Gaskets Market by Sub-region

Chapter 8. Company Profiles and Competitive Landscape

8.1. Competitive Landscape in the Global Industrial Gaskets Market

8.2. Companies Profiles

8.2.1. Flexitallic

8.2.2. W. L. Gore & Associates, Inc.

8.2.3. Klinger Limited.

8.2.4. Garlock Sealing Technologies

8.2.5. Lamons

8.2.6. Hennig Gasket & Seals Inc.

8.2.7. James Walker

8.2.8. Spira Power

8.2.9. Donit Tesnit D.O.O

8.2.10. Henning Gasket & Seals Inc

8.2.11. Teadit

Chapter 9. Appendix

9.1. Primary Research Findings and Questionnaire

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Reasons to Buy this Report:

=> Comprehensive analysis of global as well as regional markets of industrial gaskets.

=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.

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