Global High-Temperature Gaskets Market is valued USD 20.4 billion in 2016 is anticipated to grow USD 31.8 billion with the compounded annual growth of 5.5% over the forecast period 2018-2025.
New York 24 Aug 2018, As per the new research study conducted by Bizwit Research & Consulting, Global High-Temperature Gaskets market industry is poised to raise USD 31.8 billion by 2025. The major factors expected to augment the market are severe leakage regulations implemented by the EPA to restrain damage to the environment, extensive applications in different end-use industries, growing consumption of PTFE gaskets, and rising need from oil & gas production-related facilities. Gasket is a compressible material or combination of materials used to provide a robust seal between two stationary parts and to compensate for the imperfection between the mating surfaces to be sealed. High temperature gaskets are used where the application temperature exceeds 700°C.
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Global High-Temperature Gaskets Market Size Study By Material (Graphite, Fluorosilicone, Fiber glass, Ceramic, Mica, Teflon, Others), By Product (Metallic, Semi-Metallic, Non-Metallic, UHT Liquid Gaskets), By Design (Spiral Wound, Kammprofile, Double-jacketed, Fishbone, Others), By Application, and By Regional Forecasts, 2018-2025
The industry is seeming to be fairly competitive. Some of the leading market players include Flexitallic Group, Garlock, Teadit Group, Spetech, Hennig Gasket & Seals Inc., IGS Industries, Advanced Sealing, Kommerling UK Ltd., 3M, Henkel Adhesives, National Engineering Products Inc., and so on. The fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- The North America region accounted for the leading market share, more than XX % of the total market in 2016.
- The Asia Pacific region will be the highest growing segment with respect to geographical segmentation, the region is likely to grow by XX% CAGR over the forecast period 2018-2025
Bizwit Research & Consulting LLP has considered following segments for the study:
- Fiber Glass
- Stainless Steel & Alloy
- UHT Liquid Gasket Materials
- UHT Liquid Gaskets
- Spiral Wound
- Power Generation
- Oil & Gas
- Chemical Processing
- Primary Metals
- North America
- Asia Pacific
- Latin America
- Rest of the World