Industrial Gaskets Market

Global Industrial Gaskets Market Size, Trends & Analysis - Forecasts to 2026 By Material Type (Semi-Metallic, Non-Metallic, Metallic), By Product Type (Soft Gasket, Spiral Wound Gasket, Ring Joint Gasket, Kammprofile Gasket, Jacketed Gasket, Corrugated Gasket, and Others), By End-User Industry (Refineries, Power Generation, Chemical Processing, Industrial Machinery, Pulp & Paper, Food & Pharmaceutical, and Others), By Region (North America, Asia Pacific, Europe, Latin America, Middle East & Africa); End-User Landscape, Company Market Share Analysis, and Competitor Analysis

Category Chemicals & Advanced Material
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This report was recently updated on May 9 2022 with the latest and most recent market numbers

Industrial Gaskets Market Size

The global Industrial gaskets market is projected to grow from USD 9.2 billion in 2021 to USD 11.8 billion by 2026 at a CAGR value of 5.5% from 2021 to 2026.

Industrial gaskets are hydraulic binding devices that are used to fill gaps between contact area. The automobile, aviation, electric, food, chemical, marine, pharmaceuticals, pump, rail, oil and gas, and freshwater industries use them significantly. They are designed to keep things from leaking out. Many industrial gaskets from well-known producers are metallic or quasi-metallic based and comply with international norms.

The growing demand for industrial gaskets is due to its increasing demand in various applications like piping and heat exchanger in oil & gas, refineries, and chemical processing industries, stringent leakage regulations by various environmental regulatory bodies, and the increased investments and production of hydrocarbons in the Middle East and Asia. Moreover, during the forecast period, the increasing number of refineries in developing countries is predicted to enhance demand for industrial gaskets.

Furthermore, the use of gaskets has grown more important as a result of the "Environmental Protection Agency (EPA)" laws, which restrict any form of leakage while transferring various oils and dangerous goods. In addition, the increasing policies and guidelines enacted by numerous state governments aimed at improving the environment are heading up need for such gasket.

The augment of COVID-19 pandemic has harmed the business severely, as most end-user industries were not functioning properly and most of them were on closure in 2020. However, in the next six years, businesses are expected to demand more in order to meet the customer demand, which is expected to have a favourable impact on market condition.

One of the primary reasons impeding the global expansion of the industrial gaskets market is the unpredictability of raw material costs. The use of asbestos-based gaskets in emerging nations, particularly China and India, is further limiting the growth of the industrial gaskets market.

global industrial gaskets market

Industrial Gaskets Market: By Material Type

Based on the material type, this market is segmented into, semi-metallic, non-metallic, and metallic. The semi-metallic segment is expected to have the largest share in the market during the forecast period.

The largest share is owing to the fact that it delivers a large level of stiffness in comparison to conventional gaskets, as well as it is significantly lighter in weight. Aside from that, many end-user industries prefer semi-metallic gaskets since they can withstand relatively moderate pressure and do not harm the substrate where they were installed while being removed.

Furthermore, as people become more conscious of the importance of utilising sustainable and environmentally friendly products, demand for semi-metallic gaskets is increasing, as they are fully eco-friendly.

Industrial Gaskets Market: By Product Type

On the basis of the product type, the market can be divided into soft gasket, spiral wound gasket, ring joint gasket, kammprofile gasket, jacketed gasket, corrugated gasket, and others. Soft gasket segment is expected to grow the fastest in the industrial gaskets market from 2021 to 2026. As soft type gaskets are less expensive, they are naturally favoured over the other segments. It is also in high demand across a wide range of industries, because it can be used in both corrosive and non-corrosive environments.

Industrial Gaskets Market: By End-Use Industry

Based on the end-user industries, the market can be segmented into refineries, power generation, chemical processing, industrial machinery, pulp & paper, food & pharmaceutical, and others. The refineries segment is expected to hold a larger share as compared to other segments. The demand for gasket is the highest in this industry due to its extraordinary relevance and incomparable use when processing any liquid.

asia pacific industrial gaskets market

Industrial Gaskets Market: By Region

As per the geographical analysis, the industrial gaskets market can be classified into North America (the United States, Canada, and Mexico), Asia Pacific (India, China, Japan, Malaysia, Singapore, and the Rest of Asia Pacific), Europe (Germany, United Kingdom, Italy, France, Spain, Netherlands, and Rest of Europe), Middle East & Africa (Saudi Arabia, United Arab Emirates, and Rest of the Middle East & Africa) and Central & South America (Brazil, Argentina, and Rest of Central and South America).

Asia Pacific (India, China, Japan, Malaysia, Singapore, and the Rest of Asia Pacific) will be the fastest growing region in the industrial gaskets market from 2021 to 2026. The rapidly increasing urbanization and industrialization in this region is supporting the growth of the market. Demand is also being fuelled by the rising number of refinery and manufacturing firms in this region. Furthermore, the region’s developing countries are gaining a lot of attention, owing to rising investments in research and development for launching advanced industrial gaskets, and flourishing power generation industry, which is fuelling market expansion in the region. Moreover, due to increasing demand from the refineries and petrochemical processing industries in China, the industrial gaskets market is rapidly expanding.

Moreover, the North America (the United States, Canada, and Mexico) region is expected to be the largest shareholding segment in the industrial gaskets market during the forecast period. Sealant applications are in high demand in the oil and gas, paper and pulp, and pharmaceutical sectors. Furthermore, the regional market is being fuelled by increasing investments in technology by multiple manufacturers in order to meet the US Environmental Protection Agency's rigorous leak restrictions.

Industrial Gaskets Market Share and Competitor Analysis

Klinger, Teadit, Flexitallic, Garlock, W.L.Gore, Spira Power, Lamons Gasket Co, Donit, Goodrich Gasket, James Walker, and Hennig Gasket & Seals, Inc, among others are the key players in the industrial gaskets market.

Please note: This is not an exhaustive list of companies profiled in the report.

Chapter 1   Methodology

1.1    Market Scope & Definitions

1.2    Estimates & Forecast Calculation

1.3    Historical Data Overview and Validation

1.4    Data Sources

1.4.1    Secondary

1.4.2    Primary

Chapter 2   Report Outlook

2.1    Industrial Gaskets Industry Overview, 2020-2026

2.1.1    Industry Overview

2.1.2    Product Type Overview

2.1.3    Material Type Overview

2.1.4    End-User Overview

2.1.6    Regional Overview

Chapter 3   Industrial Gaskets Market Trends

3.1    Market Segmentation

3.2    Industry Background, 2020-2026

3.3    Market Key Trends

3.3.1    Positive Trends

3.3.1.1    Increasing number of refineries in developing countries is predicted to enhance demand for industrial gaskets

3.3.2    Material Type Challenges

3.3.2.1    The unpredictability of raw material costs

3.4    Prospective Growth Scenario

3.4.1    Product Type Growth Scenario

3.4.2    Material Type Growth Scenario

3.4.3    End-User Growth Scenario

3.5    COVID-19 Influence over Material Type Growth

3.6    Porter’s Analysis

3.7    PESTEL Analysis

3.8    Value Chain & Supply Chain Analysis

3.9    Regulatory Framework

3.9.1    North America

3.9.2    Europe

3.9.3    APAC

3.9.4    LATAM

3.9.5    MEA

3.10    End-User Overview

3.11    Market Share Analysis, 2020

3.11.1    Company Positioning Overview, 2020

Chapter 4   Industrial Gaskets Market, By Product Type  

4.1    Product Type Outlook

4.2    Soft Gasket

4.2.1    Market Size, By Region, 2020-2026 (USD Billion)

4.3    Spiral Wound Gasket

4.3.1    Market Size, By Region, 2020-2026 (USD Billion)

4.4 Ring Joint Gasket

4.4.1    Market Size, By Region, 2020-2026 (USD Billion)

4.5 Kammprofile Gasket

4.5.1    Market Size, By Region, 2020-2026 (USD Billion)

4.6 Corrugated Gasket

4.6.1    Market Size, By Region, 2020-2026 (USD Billion)

4.7 Others

4.7.1    Market Size, By Region, 2020-2026 (USD Billion)

Chapter 5   Industrial Gaskets Market, By Material Type

5.1    Material Type Outlook

5.2    Semi-Metallic

5.2.1    Market Size, By Region, 2020-2026 (USD Billion)

5.3    Non-Metallic

5.3.1    Market Size, By Region, 2020-2026 (USD Billion)

5.4    Metallic

5.4.1    Market Size, By Region, 2020-2026 (USD Billion)

Chapter 6   Industrial Gaskets Market, By End-User

6.1    Refineries

6.1.1    Market Size, By Region, 2020-2026 (USD Billion)

6.2    Power Generation

6.2.1    Market Size, By Region, 2020-2026 (USD Billion)

6.3   Chemical Processing

6.3.1    Market Size, By Region, 2020-2026 (USD Billion)

6.4    Industrial Machinery

6.4.1    Market Size, By Region, 2020-2026 (USD Billion)

6.5    Pulp & Paper

6.5.1    Market Size, By Region, 2020-2026 (USD Billion)

6.6    Food & Pharmaceutical

6.6.1    Market Size, By Region, 2020-2026 (USD Billion)

6.7    Others

6.7.1    Market Size, By Region, 2020-2026 (USD Billion)

Chapter 7   Industrial Gaskets Market, By Region

7.1    Regional outlook

7.2    North America

7.2.1    Market Size, By Country 2020-2026 (USD Billion)

7.2.2    Market Size, By Product Type, 2020-2026 (USD Billion)

7.2.3    Market Size, By End-User, 2020-2026 (USD Billion)

7.2.4    Market Size, By End-User, 2020-2026 (USD Billion)

7.2.6    U.S.

7.2.6.1    Market Size, By Product Type, 2020-2026 (USD Billion)

7.2.4.2    Market Size, By End-User, 2020-2026 (USD Billion)

7.2.4.3    Market Size, By End-User, 2020-2026 (USD Billion)

7.2.7    Canada

7.2.7.1    Market Size, By Product Type, 2020-2026 (USD Billion)

7.2.7.2    Market Size, By End-User, 2020-2026 (USD Billion)

7.2.7.3    Market Size, By End-User, 2020-2026 (USD Billion)

7.3    Europe

7.3.1    Market Size, By Country 2020-2026 (USD Billion)

7.3.2    Market Size, By Product Type, 2020-2026 (USD Billion)

7.3.3    Market Size, By End-User, 2020-2026 (USD Billion)

7.3.4    Market Size, By End-User, 2020-2026 (USD Billion)

7.3.6    Germany

7.3.6.1    Market Size, By Product Type, 2020-2026 (USD Billion)

7.3.6.2    Market Size, By End-User, 2020-2026 (USD Billion)

7.3.6.3    Market Size, By End-User, 2020-2026 (USD Billion)

7.3.7    UK

7.3.7.1    Market Size, By Product Type, 2020-2026 (USD Billion)

7.3.7.2    Market Size, By End-User, 2020-2026 (USD Billion)

7.3.7.3    Market Size, By End-User, 2020-2026 (USD Billion)

7.3.8    France

7.3.7.1    Market Size, By Product Type, 2020-2026 (USD Billion)

7.3.7.2    Market Size, By End-User, 2020-2026 (USD Billion)

7.3.7.3    Market Size, By End-User, 2020-2026 (USD Billion)

7.3.9    Italy

7.3.9.1    Market Size, By Product Type, 2020-2026 (USD Billion)

7.3.9.2    Market Size, By End-User, 2020-2026 (USD Billion)

7.3.9.3    Market Size, By End-User, 2020-2026 (USD Billion)

7.3.10    Spain

7.3.10.1    Market Size, By Product Type, 2020-2026 (USD Billion)

7.3.10.2    Market Size, By End-User, 2020-2026 (USD Billion)

7.3.10.3    Market Size, By End-User, 2020-2026 (USD Billion)

7.3.11    Russia

7.3.11.1    Market Size, By Product Type, 2020-2026 (USD Billion)

7.3.11.2    Market Size, By End-User, 2020-2026 (USD Billion)

7.3.11.3    Market Size, By End-User, 2020-2026 (USD Billion)

7.4    Asia Pacific

7.4.1    Market Size, By Country 2020-2026 (USD Billion)

7.4.2    Market Size, By Product Type, 2020-2026 (USD Billion)

7.4.3    Market Size, By End-User, 2020-2026 (USD Billion)

7.4.4    Market Size, By End-User, 2020-2026 (USD Billion)

7.4.6    China

7.4.6.1    Market Size, By Product Type, 2020-2026 (USD Billion)

7.4.6.2    Market Size, By End-User, 2020-2026 (USD Billion)

7.4.6.3    Market Size, By End-User, 2020-2026 (USD Billion)

7.4.7    India

7.4.7.1    Market Size, By Product Type, 2020-2026 (USD Billion)

7.4.7.2    Market Size, By End-User, 2020-2026 (USD Billion)

7.4.7.3    Market Size, By End-User, 2020-2026 (USD Billion)

7.4.8    Japan

7.4.7.1    Market Size, By Product Type, 2020-2026 (USD Billion)

7.4.7.2    Market Size, By End-User, 2020-2026 (USD Billion)

7.4.7.3    Market Size, By End-User, 2020-2026 (USD Billion)

7.4.9    Australia

7.4.9.1    Market Size, By Product Type, 2020-2026 (USD Billion)

7.4.9.2    Market size, By End-User, 2020-2026 (USD Billion)

7.4.9.3    Market Size, By End-User, 2020-2026 (USD Billion)

7.4.10    South Korea

7.4.10.1    Market Size, By Product Type, 2020-2026 (USD Billion)

7.4.10.2    Market Size, By End-User, 2020-2026 (USD Billion)

7.4.10.3    Market Size, By End-User, 2020-2026 (USD Billion)

7.5    Latin America

7.5.1    Market Size, By Country 2020-2026 (USD Billion)

7.5.2    Market Size, By Product Type, 2020-2026 (USD Billion)

7.5.3    Market Size, By End-User, 2020-2026 (USD Billion)

7.5.4   Market Size, By End-User, 2020-2026 (USD Billion)

7.5.6    Brazil

7.5.6.1    Market Size, By Product Type, 2020-2026 (USD Billion)

7.5.6.2    Market Size, By End-User, 2020-2026 (USD Billion)

7.5.6.3    Market Size, By End-User, 2020-2026 (USD Billion)

7.5.7    Mexico

7.5.7.1    Market Size, By Product Type, 2020-2026 (USD Billion)

7.5.7.2    Market Size, By End-User, 2020-2026 (USD Billion)

7.5.7.3    Market Size, By End-User, 2020-2026 (USD Billion)

7.5.8    Argentina

7.5.7.1    Market Size, By Product Type, 2020-2026 (USD Billion)

7.5.7.2    Market Size, By End-User, 2020-2026 (USD Billion)

7.5.7.3    Market Size, By End-User, 2020-2026 (USD Billion)

7.6    MEA

7.6.1    Market Size, By Country 2020-2026 (USD Billion)

7.6.2    Market Size, By Product Type, 2020-2026 (USD Billion)

7.6.3    Market Size, By End-User, 2020-2026 (USD Billion)

7.6.4    Market Size, By End-User, 2020-2026 (USD Billion)

7.6.6    Saudi Arabia

7.6.6.1    Market Size, By Product Type, 2020-2026 (USD Billion)

7.6.6.2    Market Size, By End-User, 2020-2026 (USD Billion)

7.6.6.3   Market Size, By End-User, 2020-2026 (USD Billion)

7.6.7    UAE

7.6.7.1    Market Size, By Product Type, 2020-2026 (USD Billion)

7.6.7.2    Market Size, By End-User, 2020-2026 (USD Billion)

7.6.7.3    Market Size, By End-User, 2020-2026 (USD Billion)

7.6.8    South Africa

7.6.7.1    Market Size, By Product Type, 2020-2026 (USD Billion)

7.6.7.2    Market Size, By End-User, 2020-2026 (USD Billion)

7.6.7.3    Market Size, By End-User, 2020-2026 (USD Billion)

Chapter 8   Company Landscape

8.1    Competitive Analysis, 2020

8.2    Klinger

8.2.1    Company Overview

8.2.2    Financial Analysis

8.2.3    Strategic Positioning

8.2.4    Infographic Analysis

8.3    Teadit

8.3.1    Company Overview

8.3.2    Financial Analysis

8.3.3    Strategic Positioning

8.3.4    Infographic Analysis

8.4    Flexitallic

8.4.1    Company Overview

8.4.2    Financial Analysis

8.4.3    Strategic Positioning

8.4.4    Infographic Analysis

8.5    Garlock

8.5.1    Company Overview

8.5.2    Financial Analysis

8.5.3    Strategic Positioning

8.5.4    Infographic Analysis

8.6    W.L.Gore

8.6.1    Company Overview

8.6.2    Financial Analysis

8.6.3    Strategic Positioning

8.6.4    Infographic Analysis

8.7    Spira Power

8.7.1    Company Overview

8.7.2    Financial Analysis

8.7.3    Strategic Positioning

8.7.4    Infographic Analysis

8.8    Lamons Gasket Co

8.8.1    Company Overview

8.8.2    Financial Analysis

8.8.3    Strategic Positioning

8.8.4    Infographic Analysis

8.9    Donit

8.8.1    Company Overview

8.8.2    Financial Analysis

8.8.3    Strategic Positioning

8.8.4    Infographic Analysis

8.10    Goodrich Gasket

8.10.1    Company Overview

8.10.2    Financial Analysis

8.10.3    Strategic Positioning

8.10.4    Infographic Analysis

8.11    James Walker

8.11.1    Company Overview

8.11.2    Financial Analysis

8.11.3    Strategic Positioning

8.11.4    Infographic Analysis

8.15    Other Companies

8.15.1    Company Overview

8.15.2    Financial Analysis

8.15.3    Strategic Positioning

8.15.4    Infographic Analysis

The Global Industrial Gaskets Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Industrial Gaskets Market.

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

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Frequently Asked Questions

The global Industrial gaskets market is projected to grow from USD 9.2 billion in 2021 to USD 11.8 billion by 2026 at a CAGR value of 5.5% from 2021 to 2026.
Klinger, Teadit, Flexitallic, Garlock, W.L.Gore, Spira Power, Lamons Gasket Co, Donit, Goodrich Gasket, James Walker, and Hennig Gasket & Seals, Inc, among others are the key players in the industrial gaskets market.
The Asia Pacific region is estimated to hold the highest market share in the industrial gaskets market.
The augment of COVID-19 pandemic has harmed the business severely, as most end-user industries were not functioning properly and most of them were on closure in 2020. However, in the next six years, businesses are expected to demand more in order to meet the customer demand, which is expected to have a favourable impact on market condition.
The growing demand for industrial gaskets is due to its increasing demand in various applications like piping and heat exchanger in oil & gas, refineries, and chemical processing industries, stringent leakage regulations by various environmental regulatory bodies, and the increased investments and production of hydrocarbons in the Middle East and Asia.

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