Global Industrial Gasket Market Size, Share & Trends Analysis Report, By Industrial Gasket Type (Rubber gaskets, Jacketed gaskets, Ring gaskets, Non-asbestos gaskets, Non-metallic gaskets, Kammprofile gaskets), By Industrial Gasket Application (Refining, Power Generation, Piping Systems, Machinery, Chemical And Petrochemical Processing, Water And Wastewater Management, Oil And Gas), By Industrial Gasket Application (Semi Metallic, Non-Metallic, Metallic) and By Region, And Segment Forecasts, Till – 2030
Report ID : IR10045 | Industries : Chemicals & Materials | Published On :May 2024 | Page Count : 245
Global Industrial Gasket Market Size, Share & Trends Analysis Report, By Industrial Gasket Type (Rubber gaskets, Jacketed gaskets, Ring gaskets, Non-asbestos gaskets, Non-metallic gaskets, Kammprofile gaskets), By Industrial Gasket Application (Refining, Power Generation, Piping Systems, Machinery, Chemical And Petrochemical Processing, Water And Wastewater Management, Oil And Gas), By Industrial Gasket Application (Semi Metallic, Non-Metallic, Metallic) and By Region, And Segment Forecasts, Till – 2030
Market Overview
According to Intellistic Research, the global Industrial Gasket market estimated at USD 58.66 billion in 2022 and will expand at a compound annual growth rate (CAGR) of 4.1% from 2023 to 2030. Key players in the Industrial Gasket market employ various strategies to maintain and enhance their market presence. These strategies help key players capture a significant market share and remain competitive in the dynamic Industrial Gasket market. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated includes proficient analysis, predictive analysis, prescriptive analysis, cumulative analysis, and value chain analysis.
Industrial Gasket MARKET DYNAMICS: KEY DRIVERS & RESTRAINTS
This can assist maintain optimum pressure and flow, extend the life of the compressor Drives the Market
When it's important to make a gap between two moving objects airtight, liquid tight, or dust tight, gaskets are utilized in this situation. When compressed air is moved at high pressures and speeds, it can generate vibration and noise. Gaskets can assist lessen this. This can assist maintain optimum pressure and flow, extend the life of the compressor, and lower the chance of damage to other components in the system, all of which contribute to market growth. The market is also driven by the needs of long-term applications since gaskets are incredibly durable. These are resistant to ripping, wear, and deformation to ensure a strong and long-lasting seal.
Gaskets are easily damaged during installation restraint the market growth
With repeated cause and vulnerability to high pressures or temperatures, gaskets can degrade. This can result in leakage and replacement. Gaskets are easily damaged during installation, reducing their effectiveness as seals. The global industrial gaskets market is also subject to turbulence, owing mostly to raw material price fluctuations. Gaskets are frequently made of rubber, metal, and non-metallic compounds, making their manufacturing prices extremely sensitive to changes in these materials. This price volatility is a significant challenge for gasket manufacturers since it can reduce profit margins and stymie market growth.
How are Segments Performing in the Global Industrial Gasket Market?
Industrial Gasket Type Segment Breakdown
According to Intellistic Research, the Industrial Gasket market by Type is segmented into Rubber gaskets, Jacketed gaskets, Ring gaskets, Non-asbestos gaskets, Non-metallic gaskets, Kammprofile gaskets.
Industrial Gasket Application Segment Breakdown
According to Intellistic Research, based on Industrial Gasket Application type, the market is bifurcated into Refining, Power Generation, Piping Systems, Machinery, Chemical And Petrochemical Processing, Water And Wastewater Management, Oil And Gas.
Industrial Gasket Application Type Segment Breakdown
According to Intellistic Research, based on Industrial Gasket Application Type the market is segmented into Semi Metallic, Non-Metallic, Metallic.
Industrial Gasket Geographic Exploration
According to Intellistic Research, the Asia-Pacific region is predicted to dominate the market. Other regions competing in the market are North America, Europe, Middle East and Africa and Latin America respectively.
Noticeable Players Functioning in The Global Industrial Gasket Market Include:
• Freudenberg & Co. KG (Germany)
• SKF AB (Sweden)
• Federal-Mogul Holdings Corporation (United States)
• Smith’s Group Inc. (John Crane) (United Kingdom)
• Parker Hannifin Corp. (United States)
• ElringKlinger AB (Sweden)
• Trelleborg AB (Sweden)
• Dana Incorporated (United States)
• Banco Products (India)
• Henniges Automotive Holdings Inc. (United States)
• L'Oreal USA Products, Inc. (United States)
• Flowserve Corporation (United States)
• Greene, Tweed & Co. (United States)
• Garlock Sealing Technologies (United States)
• Sealing Solutions, Inc. (United States)
KEY BREAKDOWN: Industrial Gasket Market
By Industrial Gasket Type
• Rubber gaskets
• Jacketed gaskets
• Ring gaskets
• Non-asbestos gaskets
• Non-metallic gaskets
• Kammprofile gaskets
By Industrial Gasket Application
• Refining
• Power Generation
• Piping Systems
• Machinery
• Chemical And Petrochemical Processing
• Water And Wastewater Management
• Oil And Gas
By Industrial Gasket Application
• Semi Metallic
• Non-Metallic
• Metallic
Geographical Exploration:
• North America
o The USA
o Canada
o Mexico
• Europe
o Germany
o France
o UK
o Italy
o Spain
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o South East Asia
o Rest of Asia Pacific
• Latin America
o Brazil
o Argentina
o Rest of Latin America
• Middle East and Africa
o GCC Countries
o South Africa
o Rest of MEA
Global Industrial Gasket Market TOC:
1. Research Methodology
1.1. Global Industrial Gasket Market Snapshot, 2023 and 2030
1.2. Data Mining
1.3. Validation
1.4. Primary Interviews
1.5. List of Data Sources
1.6. Future Market Projections
1.7. Industry Developments and Key Market Events
2. Executive Summary
3. Market Overview
3.1. Market Scope and Definition
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunity
3.2.4. Challenges
3.2.5. Cumulative Impact due to Recent Energy Crisis
3.2.6. Cumulative Impact due to Nearing Economic Downturn
3.2.7. Post Covid-19 World Supply & Demand Conditions
3.2.8. Cumulative Impact of Russia-Ukraine Conflict
3.2.9. Key Trends
3.3. Industrial Gasket Market: Value Chain
3.3.1. List of Raw Material Supplier
3.3.2. List of Manufacturers
3.3.3. List of Data Sources
3.4. Porter Five Force’s Analysis
3.5. Regulatory and Technology Landscape
4. Global Industrial Gasket Market Outlook: Forecast (2023 – 2030)
4.1. Key Highlights
4.1.1. Market Size and Y-o-Y Growth
4.1.2. Absolute $ Opportunity
4.2. Market Size (US$ Mn) Analysis and Forecast
4.2.1. Current Market Size Forecast, 2023–2030
4.3. Global Industrial Gasket Market Outlook: Type
4.3.1. Introduction / Key Findings
4.3.2. Market Size (US$ Mn) and Forecast By Type, 2023 – 2030
4.3.2.1. Rubber gaskets
4.3.2.2. Jacketed gaskets
4.3.2.3. Ring gaskets
4.3.2.4. Non-asbestos gaskets
4.3.2.5. Non-metallic gaskets
4.3.2.6. Kammprofile gaskets
4.4. Global Industrial Gasket Market Outlook: Application
4.4.1. Introduction / Key Findings
4.4.2. Market Size (US$ Mn) and Forecast By Application, 2023 – 2030
4.4.2.1. Refining
4.4.2.2. Power Generation
4.4.2.3. Piping Systems
4.4.2.4. Machinery
4.4.2.5. Chemical And Petrochemical Processing
4.4.2.6. Water And Wastewater Management
4.4.2.7. Oil And Gas
4.5. Global Industrial Gasket Market Outlook: Application
4.5.1. Introduction / Key Findings
4.5.2. Market Size (US$ Mn) and Forecast By Application, 2023 – 2030
4.5.2.1. Semi Metallic
4.5.2.2. Non-Metallic
4.5.2.3. Metallic
5. Global Industrial Gasket Market Outlook: Region
5.1. Key Highlights
5.2. Market Size (US$ Mn) and Forecast By Region, 2023 – 2030
5.2.1. North America
5.2.2. Europe
5.2.3. Asia Pacific
5.2.4. Latin America
5.2.5. Middle East & Africa (MEA)
6. North America Industrial Gasket Market Outlook: Forecast (2023 – 2030)
6.1. Key Highlights
6.2. Pricing Analysis
6.3. Market Size (US$ Mn) and Analysis By Market, 2023 – 2022
6.3.1. By Country
6.3.2. By Type
6.3.3. By Application
6.3.4. By Application
6.4. Market Size (US$ Mn) and Forecast By Country, 2023 – 2030
6.4.1. U.S.
6.4.2. Canada
6.4.3. Mexico
6.5. Market Size (US$ Mn) and Forecast By Type, 2023 – 2030
6.5.1.1. Rubber gaskets
6.5.1.2. Jacketed gaskets
6.5.1.3. Ring gaskets
6.5.1.4. Non-asbestos gaskets
6.5.1.5. Non-metallic gaskets
6.5.1.6. Kammprofile gaskets
6.6. Market Size (US$ Mn) and Forecast By Application, 2023 – 2030
6.6.1.1. Refining
6.6.1.2. Power Generation
6.6.1.3. Piping Systems
6.6.1.4. Machinery
6.6.1.5. Chemical And Petrochemical Processing
6.6.1.6. Water And Wastewater Management
6.6.1.7. Oil And Gas
6.7. Market Size (US$ Mn) and Forecast By Application, 2023 – 2030
6.7.1.1. Semi Metallic
6.7.1.2. Non-Metallic
6.7.1.3. Metallic
7. Europe Industrial Gasket Market Outlook: Forecast (2023 – 2030)
7.1. Key Highlights
7.2. Pricing Analysis
7.3. Market Size (US$ Mn) and Analysis By Market, 2023 – 2030
7.3.1. By Country
7.3.2. By Type
7.3.3. By Application
7.3.4. By Application
7.4. Market Size (US$ Mn) and Forecast By Country, 2023 – 2030
7.4.1. Germany
7.4.2. France
7.4.3. U.K.
7.4.4. Russia
7.4.5. Italy
7.4.6. Spain
7.4.7. Rest of Europe
7.5. Market Size (US$ Mn) and Forecast By Type, 2023 – 2030
7.5.1.1. Rubber gaskets
7.5.1.2. Jacketed gaskets
7.5.1.3. Ring gaskets
7.5.1.4. Non-asbestos gaskets
7.5.1.5. Non-metallic gaskets
7.5.1.6. Kammprofile gaskets
7.6. Market Size (US$ Mn) and Forecast By Application, 2023 – 2030
7.6.1.1. Refining
7.6.1.2. Power Generation
7.6.1.3. Piping Systems
7.6.1.4. Machinery
7.6.1.5. Chemical And Petrochemical Processing
7.6.1.6. Water And Wastewater Management
7.6.1.7. Oil And Gas
7.7. Market Size (US$ Mn) and Forecast By Application, 2023 – 2030
7.7.1.1. Semi Metallic
7.7.1.2. Non-Metallic
7.7.1.3. Metallic
8. Asia Pacific Industrial Gasket Market Outlook: Forecast (2023 – 2030)
8.1. Key Highlights
8.2. Pricing Analysis
8.3. Market Size (US$ Mn) and Analysis By Market, 2023 – 2030
8.3.1. By Country
8.3.2. By Type
8.3.3. By Application
8.3.4. By Application
8.4. Market Size (US$ Mn) and Forecast By Country, 2023 – 2030
8.4.1. China
8.4.2. Japan
8.4.3. India
8.4.4. South Korea
8.4.5. Australia
8.4.6. New Zealand
8.4.7. Singapore
8.4.8. Malaysia
8.4.9. Rest of Asia
8.5. Market Size (US$ Mn) and Forecast By Type, 2023 – 2030
8.5.1.1. Rubber gaskets
8.5.1.2. Jacketed gaskets
8.5.1.3. Ring gaskets
8.5.1.4. Non-asbestos gaskets
8.5.1.5. Non-metallic gaskets
8.5.1.6. Kammprofile gaskets
8.6. Market Size (US$ Mn) and Forecast By Application, 2023 – 2030
8.6.1.1. Refining
8.6.1.2. Power Generation
8.6.1.3. Piping Systems
8.6.1.4. Machinery
8.6.1.5. Chemical And Petrochemical Processing
8.6.1.6. Water And Wastewater Management
8.6.1.7. Oil And Gas
8.7. Market Size (US$ Mn) and Forecast By Application, 2023 – 2030
8.7.1.1. Semi Metallic
8.7.1.2. Non-Metallic
8.7.1.3. Metallic
9. Latin America Industrial Gasket Market Outlook: Forecast (2023 – 2030)
9.1. Key Highlights
9.2. Pricing Analysis
9.3. Market Size (US$ Mn) and Analysis By Market, 2023 – 2030
9.3.1. By Country
9.3.2. By Type
9.3.3. By Application
9.3.4. By Application
9.4. Market Size (US$ Mn) and Forecast By Country, 2023 – 2030
9.4.1. Brazil
9.4.2. Argentina
9.4.3. Colombia
9.4.4. Peru
9.4.5. Chile
9.4.6. Venezuela
9.4.7. Rest of Latin America
9.5. Market Size (US$ Mn) and Forecast By Type, 2023 – 2030
9.5.1.1. Rubber gaskets
9.5.1.2. Jacketed gaskets
9.5.1.3. Ring gaskets
9.5.1.4. Non-asbestos gaskets
9.5.1.5. Non-metallic gaskets
9.5.1.6. Kammprofile gaskets
9.6. Market Size (US$ Mn) and Forecast By Application, 2023 – 2030
9.6.1.1. Refining
9.6.1.2. Power Generation
9.6.1.3. Piping Systems
9.6.1.4. Machinery
9.6.1.5. Chemical And Petrochemical Processing
9.6.1.6. Water And Wastewater Management
9.7. Oil And Gas Market Size (US$ Mn) and Forecast By Application, 2023 – 2030
9.7.1.1. Semi Metallic
9.7.1.2. Non-Metallic
9.7.1.3. Metallic
10. Middle East & Africa Industrial Gasket Market Outlook: Forecast (2023 – 2030)
10.1. Key Highlights
10.2. Pricing Analysis
10.3. Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2023 – 2030
10.3.1. By Country
10.3.2. By Type
10.3.3. By Application
10.3.4. By Application
10.4. Market Size (US$ Mn) and Forecast By Country, 2023 – 2030
10.4.1. Saudi Arabia
10.4.2. UAE
10.4.3. Egypt
10.4.4. Kuwait
10.4.5. South Africa
10.4.6. Rest of Middle East & Africa
10.5. Market Size (US$ Mn) and Forecast By Type, 2023 – 2030
10.5.1.1. Rubber gaskets
10.5.1.2. Jacketed gaskets
10.5.1.3. Ring gaskets
10.5.1.4. Non-asbestos gaskets
10.5.1.5. Non-metallic gaskets
10.5.1.6. Kammprofile gaskets
10.6. Market Size (US$ Mn) and Forecast By Application, 2023 – 2030
10.6.1.1. Refining
10.6.1.2. Power Generation
10.6.1.3. Piping Systems
10.6.1.4. Machinery
10.6.1.5. Chemical And Petrochemical Processing
10.6.1.6. Water And Wastewater Management
10.6.1.7. Oil And Gas
10.7. Market Size (US$ Mn) and Forecast By Application, 2023 – 2030
10.7.1.1. Semi Metallic
10.7.1.2. Non-Metallic
10.7.1.3. Metallic
11. Competition Analysis
11.1. Market Share Analysis Of Top Vendors
11.2. Market Structure
11.2.1. Competition Intensity Mapping By Market
11.2.2. Competition Dashboard
11.2.3. Key Development Strategies
11.3. Company Profiles
11.3.1. Freudenberg & Co. KG (Germany)
11.3.1.1. Overview
11.3.1.2. Offerings
11.3.1.3. Business Segment & Geographic Overview
11.3.1.4. Key Financials
11.3.1.5. Key Market Developments
11.3.1.6. Key Market Strategy
11.3.2. SKF AB (Sweden)
11.3.3. Federal-Mogul Holdings Corporation (United States)
11.3.4. Smith’s Group Inc. (John Crane) (United Kingdom)
11.3.5. Parker Hannifin Corp. (United States)
11.3.6. ElringKlinger AB (Sweden)
11.3.7. Trelleborg AB (Sweden)
11.3.8. Dana Incorporated (United States)
11.3.9. Banco Products (India)
11.3.10. Henniges Automotive Holdings Inc. (United States)
11.3.11. L'Oreal USA Products, Inc. (United States)
11.3.12. Flowserve Corporation (United States)
11.3.13. Greene, Tweed & Co. (United States)
11.3.14. Garlock Sealing Technologies (United States)
11.3.15. Sealing Solutions, Inc. (United States)