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Global Industrial Gaskets Market is expected to grow at a CAGR of 5.44% over the Forecast Period of 2018 – 2024

Infograph - Global Industrial Gaskets Market

By Infinium Global Research Aug, 2020

Gaskets are primarily used to fill empty spaces between the coupling surfaces to avoid leakage and wastage of fluids and gases. Gaskets are usually produced by cutting sheet materials. Increasing demand from oil and gas production related facilities in the Gulf countries drive the growth of the industrial gaskets market. In addition, increasing consumption of Polytetrafluoroethylene gaskets and stringent leakage regulations implemented by environmental protection agencies to prevent damage to the environment is strengthening the growth of the market. With the increase in industrial development and urbanization, there has been a considerable rise in the number of manufacturing plants, machinery, automobiles, and various other mechanical instruments that use a gasket. This has had a positive impact on market growth. In automobiles, gaskets are widely used for propelling to avoid leakage or wastage of expensive fluids or gas. Due to their property to sustain extreme pressure conditions, compressive loads, and heat, gasket have noteworthy scope across different industry verticals.

 

The report on Global Industrial Gaskets Market covers segments such as product type and end-user. The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, Rest of the World. In this section, the key trends and market size for each geography are provided over the period of 2016-2024. The report provides profiles of the companies in the global Flexitallic, W. L. Gore & Associates, Inc., Klinger Limited., Garlock Sealing Technologies, Lamons, Hennig Gasket & Seals Inc., James Walker, Spira Power, Donit Tesnit D.O.O, Henning Gasket & Seals Inc, and Teadit.

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