Industrial Gaskets Market worth $15.96 billion by 2028

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Industrial Gaskets Market research report categorizes the global market by Material (Semi-metallic, Non-metallic, Metallic), Product Type, End-use Industry (Refineries, Power Generation, Chemical Processing)and Region

(EMAILWIRE.COM, June 22, 2019 )
The report "Industrial Gaskets Market by Material (Semi-metallic, Non-metallic, Metallic), Product Type (Soft Gasket, Spiral Wound Gasket, Ring Joint Gasket), End-use Industry (Refineries, Power Generation, Chemical Processing), and Region - Global Forecast to 2028" The industrial gaskets market is projected to grow from USD 8.86 billion in 2017 to USD 15.96 billion by 2028, at a CAGR of 5.5% from 2017 to 2028.

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Among material types, the semi-metallic segment is estimated to account for the largest share of the industrial gaskets market during the forecast period.

The semi-metallic material type segment is estimated to account for the largest share of the industrial gaskets market during the forecast period. The growth of this segment of the market can be attributed to the growing demand for metallic and non-metallic gaskets from various end-use industries.

Among product types, the soft gasket segment is estimated to account for the largest share of the industrial gaskets market during the forecast period.

The soft gasket product type segment is estimated to account for the largest share of the industrial gaskets market during the forecast period. The growth of this segment of the market can be attributed to the growing demand for cost-effective gaskets that can be used under extreme temperatures and pressures in various end-use industries.

Among end-use industries, the refineries segment is expected to lead the industrial gaskets market during the forecast period.

Among end-use industries, the refineries segment is estimated to account for the largest share of the industrial gaskets market during the forecast period. The growth of this segment of the market can be attributed to the increasing requirement of sealing products to avoid leakages of hazardous chemicals and toxins into the environment.

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The North American region is expected to be the largest market for industrial gaskets in during the forecast period.

The North American region is estimated to account for the largest share of the industrial gaskets market during the forecast period. The growing demand for industrial gaskets from the refineries, power generation, and chemical processing sectors are expected to fuel the growth of the North America industrial gaskets market between 2017 and 2028.

Some of the leading players operating in the industrial gaskets market include Klinger Limited (UK), Teadit (US), Flexitallic (US), Garlock Sealing Technologies (US), Spira Power (UAE), Lamons (US), Spitmaan (India), W. L. Gore & Associates, Inc. (US), Hennig Gasket & Seals, Inc (US), James Walker (UK) and Denver Rubber Company (US), among others.

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