About Industrial Gaskets
Gaskets are used to prevent leakage of any type of pressurized and non-pressurized media. The major factor to adopt gaskets to flange irregularities or any dimensional changes of the flange system. Gaskets required resistance against media and temperature within the range of given applications.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global industrial gaskets market is highly competitive and consists of some key players. In terms of market share, few of the key players presently dominate the global market. These market players are leveraging on strategic collaborative creativities to intensification their market share and escalation their profitability. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Industrial Gaskets market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Klinger Limited (United Kingdom), Teadit (United States), Flexitallic (United States), Garlock Sealing Technologies (United States), Spira Power (United Arab Emirates), Lamons (United States), Spitmaan (India), W. L. Gore & Associates, Inc. (United States), Hennig Gasket & Seals, Inc. (United States) and James Walker (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Denver Rubber Company (United States), Industrial Gaskets (Australia), Gasket Industries (India) and Seal-mart (India).
Segmentation Overview
AMA Research has segmented the market of Global Industrial Gaskets market by and Region.
On the basis of geography, the market of Industrial Gaskets has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Material , the sub-segment i.e. Metallic Gasket (Corrugated Metal Gaskets, Metal Jacketed Gaskets) will boost the Industrial Gaskets market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use Industry, the sub-segment i.e. Oil & Gas, Offshore & Petrochemical will boost the Industrial Gaskets market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Style, the sub-segment i.e. Gaskets without Guide and Inner Ring will boost the Industrial Gaskets market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technology Advancement and Growing Number of Testing and Development Laboratory
Market Growth Drivers:
Increase Urbanisation & Industrialization and Growing Oil & Gas Industry in Asia Pacific Majorly In India and China
Challenges:
Pressure & Temperature Limits For Semi-Metallic Gaskets and Non-Metallic Gaskets and Creeping For Non-Metallic Market
Restraints:
High Cost of Good Quality Camprofile Gasket and Rising Cost of Raw Materials
Opportunities:
Increase Government Investment in Offshore & Petrochemical and High Growth in Mechanical Engineering
Market Leaders and their expansionary development strategies
In May 2023, VSP Technologies has completed the acquisition of Gaskets, Packings & Seals Inc. (GP&S), a highly regarded distributor of gaskets, packing, seals, pumps, and fasteners. GP&S has built an impressive local reputation for its technical expertise, customer service.
In August 2022, Trelleborg Sealing Solutions has launched its latest lightweight thermoplastic composite bearing, the HiMod Advanced Composite Bearing Plus, an enhanced dual-layer bearing with a low-friction modified PEEK layer that reduces friction and increases wear performance for use in bearing, wear ring and bushing applications.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Industrial Gaskets Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.