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 2022

The industrial gaskets market is projected to grow from USD 8.39 Billion in 2016 to USD 11.58 Billion by 2022, at a CAGR of 5.5% from 2017 to 2022.

The objectives of this study are

• To define, describe, and forecast the industrial gaskets market, in terms of value, based on material type, product type, end-use industry, and region
• To forecast the size of the industrial gaskets market, in terms of value, for five key regions, namely Asia Pacific, North America, Europe, the Middle East & Africa, and South America, along with their respective key countries
• To strategically analyze micro markets with respect to individual growth trends, prospects, and contribution to the industrial gaskets market
• To analyze opportunities in the industrial gaskets market for the stakeholders and provide a competitive landscape for the market
• To strategically profile the key players operating in the industrial gaskets market and comprehensively analyze their core competencies
• To analyze competitive developments such agreements, expansions, acquisitions, partnerships, and new product launches adopted by the leading players in the industrial gaskets market

The years that have been considered for the study are as follows:

• Base Year-2016
• Estimated Year-2017
• Projected Year-2022
• Forecast Period-2017 to 2022
• For the company profiles in the report, 2016 has been considered the base year. In certain cases, wherein information is unavailable for the base year, the years prior to it have been considered.

Research Methodology

The research methodology used to estimate and forecast the size of the industrial gaskets market begins with capturing data from the revenues of key vendors. This data has been obtained from various secondary sources such as Hoovers, Bloomberg, Factiva, and various other government and private websites. The offerings of vendors have been taken into consideration to determine the segmentation of the industrial gaskets market. After arriving at the overall market size, it has been split into several segments and subsegments, which have been later verified through primary research by conducting extensive interviews with key personnel such as chief executive officers, vice presidents, directors, and executives of leading companies operating in the industrial gaskets market. Data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments of the industrial gaskets market. The breakdown of profiles of primaries has been depicted in the figure below.

To know about the assumptions considered for the study, download the pdf brochure

The industrial gaskets market has a diversified ecosystem of upstream players, which includes raw material suppliers, along with downstream stakeholders, vendors of industrial gaskets, end users, and government organizations. 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) are the key players operating in the industrial gaskets market.

Target Audience

• Manufacturers of Industrial Gaskets
• Traders, Distributors, and Suppliers of Industrial Gaskets
• Government and Research Organizations
• Associations and Industrial Bodies
• R&D Institutions
• Environment Supporting Agencies
• End-use Industries of Industrial Gaskets, such as Processing Industries
• Investment Banks & Private Equity Firms

 “This study answers several questions for the stakeholders, primarily the market segments that they need to focus upon during the next two to five years, so that they can prioritize their efforts and investments accordingly.”

Scope of the Report: This research report categorizes the industrial gaskets market based on material type, product type, end-use industry, and region. It forecasts revenues as well as analyzes trends in each of the following submarkets.

Industrial Gaskets Market, by Material Type

• Metallic
• Non-metallic
• Semi-metallic

Industrial Gaskets Market, by Product Type

• Soft Gasket
• Spiral Wound Gasket
• Ring Joint Gasket
• Kammprofile Gasket
• Jacketed Gasket
• Corrugated Gasket
• Others (O-rings and compressed fiber asbestos)

Industrial Gaskets Market, by End-use Industry

• Refineries
• Power Generation
• Chemical Processing
• Industrial Machinery
• Pulp & Paper
• Food & Pharmaceuticals
• Others (textiles and wastewater treatment)

Industrial Gaskets Market, by Region

• Asia Pacific
• North America
• Europe
• Middle East & Africa
• South America

The following customization options are available for the report

With the given market data, MarketsandMarkets offers customizations as per the specific needs of companies. The following customization options are available for the report:

• Further breakdown of the Rest of Asia Pacific, Rest of Europe, and Rest of Middle East & Africa markets
• Detailed analysis and profiles of additional market players (up to 5)
• Further breakdown of product type, by end-use industry
• Further breakdown of product type, by country
• Further breakdown of material type, by product type
• Further breakdown of material type, by end-use industry

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Assumptions

3 Executive Summary (Page No. - 26)
    3.1 Introduction
    3.2 Historical Backdrop
    3.3 Current Scenario
    3.4 Future Trends

4 Premium Insights (Page No. - 31)
    4.1 Attractive Opportunities in the Industrial Gaskets Market
    4.2 Industrial Gaskets Market, By Material Type
    4.3 Industrial Gaskets Market, By Product Type
    4.4 Industrial Gaskets Market, By End-Use Industry
    4.5 Industrial Gaskets Market, By Region

5 Market Overview (Page No. - 34)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Wide Applications of Industrial Gaskets in Various End-Use Industries
                    5.2.1.2 Growing Demand From Oil & Gas Production Related Facilities in Gcc Countries
                    5.2.1.3 Increasing Consumption of Ptfe Gaskets
                    5.2.1.4 Stringent Leakage Regulations Implemented By the Environmental Protection Agency to Prevent Damage to the Environment
           5.2.2 Restraints
                    5.2.2.1 Consumption of Low-Cost Asbestos-Based Gaskets in Emerging Countries
           5.2.3 Opportunities
                    5.2.3.1 Growing Number of Refineries in the Asia Pacific
           5.2.4 Challenges
                    5.2.4.1 Volatility of Raw Material Prices
    5.3 Porter’s Five Forces Analysis
           5.3.1 Threat of New Entrants
           5.3.2 Threat of Substitutes
           5.3.3 Bargaining Power of Suppliers
           5.3.4 Bargaining Power of Buyers
           5.3.5 Intensity of Competitive Rivalry
    5.4 Economic Indicators
           5.4.1 Industry Outlook
                    5.4.1.1 Refinery
                    5.4.1.2 Original Equipment Manufacturers (OEMs)
                    5.4.1.3 Power Generation
                    5.4.1.4 Chemical
                    5.4.1.5 Pulp & Paper

6 Industrial Gaskets Market, By Material Type (Page No. - 48)
    6.1 Introduction
    6.2 Semi-Metallic Industrial Gaskets
    6.3 Non-Metallic Industrial Gaskets
           6.3.1 Ptfe Industrial Gaskets
           6.3.2 Flexible Graphite Industrial Gaskets
           6.3.3 EPDM Industrial Gaskets
           6.3.4 Other Industrial Gaskets
    6.4 Metallic Industrial Gasket
           6.4.1 Stainless Steel Industrial Gaskets
           6.4.2 Aluminum Industrial Gaskets
           6.4.3 Copper Industrial Gaskets
           6.4.4 Titanium Industrial Gaskets
           6.4.5 Other Industrial Gaskets

7 Industrial Gaskets Market, By Product Type (Page No. - 55)
    7.1 Introduction
    7.2 Soft Gaskets
    7.3 Spiral Wound Gaskets
    7.4 Ring Joint Gaskets
    7.5 Kammprofile Gaskets
    7.6 Jacketed Gaskets
    7.7 Corrugated Gaskets
    7.8 Other Gaskets
           7.8.1 O-Ring Gaskets
           7.8.2 Compressed Asbestos Fiber

8 Industrial Gaskets Market, By End-Use Industry (Page No. - 67)
    8.1 Introduction
    8.2 Refineries
    8.3 Power Generation
    8.4 Chemical Processing
    8.5 Industrial Machinery
    8.6 Pulp & Paper
    8.7 Food & Pharmaceutical
    8.8 Others
           8.8.1 Textiles
           8.8.2 Water Treatment

9 Industrial Gaskets Market, By Region (Page No. - 77)
    9.1 Introduction
    9.2 North America
           9.2.1 US
           9.2.2 Canada
           9.2.3 Mexico
    9.3 Europe
           9.3.1 Germany
           9.3.2 France
           9.3.3 UK
           9.3.4 Netherlands
           9.3.5 Russia
           9.3.6 Italy
           9.3.7 Spain
           9.3.8 Rest of Europe
    9.4 Asia Pacific
           9.4.1 China
           9.4.2 Japan
           9.4.3 India
           9.4.4 South Korea
           9.4.5 Taiwan
           9.4.6 Australia
           9.4.7 Rest of Asia Pacific
    9.5 Middle East & Africa
           9.5.1 Saudi Arabia
           9.5.2 Qatar
           9.5.3 UAE
           9.5.4 South Africa
           9.5.5 Rest of Middle East & Africa
    9.6 South America
           9.6.1 Brazil
           9.6.2 Argentina
           9.6.3 Rest of South America

10 Competitive Landscape (Page No. - 123)
     10.1 Overview
     10.2 Market Ranking of Key Players
     10.3 Competitive Scenario
             10.3.1 Agreements
             10.3.2 Expansions
             10.3.3 Acquisitions
             10.3.4 New Product Launches
             10.3.5 Contracts
             10.3.6 Partnerships

11 Company Profiles (Page No. - 129)
Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View
     11.1 Klinger Limited
     11.2 Teadit
     11.3 Flexitallic
     11.4 Garlock Sealing Technologies
     11.5 Spira Power
     11.6 Lamons
     11.7 Spitmaan
     11.8 W.L. Gore & Associates, Inc.
     11.9 Hennig Gasket & Seals Inc.
     11.10 Denver Rubber Company
     11.11 Goodrich Gasket Private Limited
     11.12 Amg Sealing Limited
     11.13 Donit Tesnit D.O.O
     11.14 James Walker
     11.15 Other Key Players in the Industrial Gaskets Market
             11.15.1 Centauro S.R.L.
             11.15.2 Oman Gasket Factory
             11.15.3 Smith Gaskets
             11.15.4 Gasket Manufacturing Company
             11.15.5 Hydro Silica
             11.15.6 Phelps Industrial Products
             11.15.7 Temac
             11.15.8 Leader Gasket Technologies
             11.15.9 Pidemco
             11.15.10 Mercer Gasket & Shim
             11.15.11 IGP

*Details Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 157)
     12.1 Discussion Guide
     12.2 Knowledge Store: Marketsandmarkets Subscription Portal
     12.3 Introducing RT: Real-Time Market Intelligence
     12.4 Available Customizations
     12.5 Related Reports
     12.6 Author Details

List of Tables (101 Tables)

Table 1 Industrial Gaskets Market Snapshot
Table 2 Industrial Gaskets Market, By Material Type, 2015–2022 (USD Million)
Table 3 Operating Temperature Ranges of Different Materials
Table 4 Semi-Metallic Gaskets, By Region, 2015–2022 (USD Million)
Table 5 Non-Metallic Gaskets, By Region, 2015–2022 (USD Million)
Table 6 Metallic Gaskets, By Region, 2015–2022 (USD Million)
Table 7 Industrial Gaskets Market, By Product Type, 2015–2022 (USD Million)
Table 8 Soft Gaskets Market, By Region, 2015–2022 (USD Million)
Table 9 Spiral Wound Gaskets Market, By Region, 2015–2022 (USD Million)
Table 10 Ring Joint Gaskets Market, By Region, 2015–2022 (USD Million)
Table 11 Kammprofile Gaskets Market, By Region, 2015–2022 (USD Million)
Table 12 Industrial Gaskets Market for Jacketed Gaskets, By Region, 2015–2022 (USD Million)
Table 13 Corrugated Gaskets Market, By Region, 2015–2022 (USD Million)
Table 14 Industrial Gaskets Market for Other Gaskets, By Region, 2015–2022 (USD Million)
Table 15 Industrial Gaskets Market, By End-Use Industry, 2016-2022 (USD Million)
Table 16 Refineries: Industrial Gaskets Market, By Region, 2016-2022 (USD Million)
Table 17 Power Generation: Industrial Gaskets Market, By Region, 2016-2022 (USD Million)
Table 18 Chemical Processing: Industrial Gaskets Market, By Region, 2016-2022 (USD Million)
Table 19 Industrial Machinery: Industrial Gaskets Market, By Region, 2016-2022 (USD Million)
Table 20 Pulp & Paper: Industrial Gaskets Market, By Region, 2016-2022 (USD Million)
Table 21 Food & Pharmaceutical: Industrial Gaskets Market, By Region, 2016-2022 (USD Million)
Table 22 Others: Industrial Gaskets Market, By Region, 2016-2022 (USD Million)
Table 23 Industrial Gaskets Market, By Region, 2015–2022 (USD Million)
Table 24 North America Industrial Gaskets Market, By Country, 2015–2022 (USD Million)
Table 25 North America By Market, By Material Type, 2015–2022 (USD Million)
Table 26 North America By Market, By Product Type, 2015–2022 (USD Million)
Table 27 North America By Market, By End-Use Industry, 2015–2022 (USD Million)
Table 28 US By Market, By End-Use Industry, 2015–2022 (USD Million)
Table 29 US By Market, By Material Type, 2015–2022 (USD Million)
Table 30 Canada By Market, By End-Use Industry, 2015–2022 (USD Million)
Table 31 Canada By Market, By Material Type, 2015–2022 (USD Million)
Table 32 Mexico By Market, By End-Use Industry, 2015–2022 (USD Million)
Table 33 Mexico By Market, By Material Type, 2015–2022 (USD Million)
Table 34 Europe By Market, By Country, 2015–2022 (USD Million)
Table 35 Europe By Market, By Material Type, 2015–2022 (USD Million)
Table 36 Europe By Market, By Product Type, 2015–2022 (USD Million)
Table 37 Europe By Market, By End-Use Industry, 2015–2022 (USD Million)
Table 38 Germany By Market, By End-Use Industry, 2015–2022 (USD Million)
Table 39 Germany By Market, By Material Type, 2015–2022 (USD Million)
Table 40 France By Market, By End-Use Industry, 2015–2022 (USD Million)
Table 41 France By Market, By Material Type, 2015–2022 (USD Million)
Table 42 UK By Market, By End-Use Industry, 2015–2022 (USD Million)
Table 43 UK By Market, By Material Type, 2015–2022 (USD Million)
Table 44 Netherlands By Market, By End-Use Industry, 2015–2022 (USD Million)
Table 45 Netherlands By Market, By Material Type, 2015–2022 (USD Million)
Table 46 Russia By Market, By End-Use Industry, 2015–2022 (USD Million)
Table 47 Russia By Market, By Material Type, 2015–2022 (USD Million)
Table 48 Italy By Market, By End-Use Industry, 2015–2022 (USD Million)
Table 49 Italy By Market, By Material Type, 2015–2022 (USD Million)
Table 50 Spain By Market, By End-Use Industry, 2015–2022 (USD Million)
Table 51 Spain By Market, By Material Type, 2015–2022 (USD Million)
Table 52 Rest of Europe By Market, By End-Use Industry, 2015–2022 (USD Million)
Table 53 Rest of Europe By Market, By Material Type, 2015–2022 (USD Million)
Table 54 Asia Pacific By Market, By Country, 2015–2022 (USD Million)
Table 55 Asia Pacific By Market, By Material Type, 2015–2022 (USD Million)
Table 56 Asia Pacific By Market, By Product Type, 2015–2022 (USD Million)
Table 57 Asia Pacific By Market, By End-Use Industry, 2015–2022 (USD Million)
Table 58 China By Market, By End-Use Industry, 2015–2022 (USD Million)
Table 59 China By Market, By Material Type, 2015–2022 (USD Million)
Table 60 Japan By Market, By End-Use Industry, 2015–2022 (USD Million)
Table 61 Japan By Market, By Material Type, 2015–2022 (USD Million)
Table 62 India By Market, By End-Use Industry, 2015–2022 (USD Million)
Table 63 India By Market, By Material Type, 2015–2022 (USD Million)
Table 64 South Korea By Market, By End-Use Industry, 2015–2022 (USD Million)
Table 65 South Korea By Market, By Material Type, 2015–2022 (USD Million)
Table 66 Taiwan By Market, By End-Use Industry, 2015–2022 (USD Million)
Table 67 Taiwan By Market, By Material Type, 2015–2022 (USD Million)
Table 68 Australia By Market, By End-Use Industry, 2015–2022 (USD Million)
Table 69 Australia By Market, By Material Type, 2015–2022 (USD Billion)
Table 70 Rest of Asia Pacific By Market, By End-Use Industry, 2015–2022 (USD Million)
Table 71 Rest of Asia Pacific By Market, By Material Type, 2015–2022 (USD Million)
Table 72 Middle East & Africa By Market, By Country, 2015–2022 (USD Million)
Table 73 Middle East & Africa By Market, By Material Type, 2015–2022 (USD Million)
Table 74 Middle East & Africa By Market, By Product Type, 2015–2022 (USD Million)
Table 75 Middle East & Africa By Market, By End-Use Industry, 2015–2022 (USD Million)
Table 76 Saudi Arabia By Market, By End-Use Industry, 2015–2022 (USD Million)
Table 77 Saudi Arabia By Market, By Material Type, 2015–2022 (USD Million)
Table 78 Qatar By Market, By End-Use Industry, 2015–2022 (USD Million)
Table 79 Qatar By Market, By Material Type, 2015–2022 (USD Million)
Table 80 UAE By Market, By End-Use Industry, 2015–2022 (USD Million)
Table 81 UAE By Market, By Material Type, 2015–2022 (USD Million)
Table 82 South Africa By Market, By End-Use Industry, 2015–2022 (USD Million)
Table 83 South Africa By Market, By Material Type, 2015–2022 (USD Million)
Table 84 Rest of Middle East & Africa By Market, By End-Use Industry, 2015–2022 (USD Million)
Table 85 Rest of Middle East & Africa Arabia By Market, By Material Type, 2015–2022 (USD Million)
Table 86 South America By Market, By Country, 2015–2022 (USD Million)
Table 87 South America By Market, By Material Type, 2015–2022 (USD Million)
Table 88 South America By Market, By Product Type, 2015–2022 (USD Million)
Table 89 South America By Market, By End-Use Industry, 2015–2022 (USD Million)
Table 90 Brazil By Market, By End-Use Industry, 2015–2022 (USD Million)
Table 91 Brazil By Market, By Material Type, 2015–2022 (USD Million)
Table 92 Argentina By Market, By End-Use Industry, 2015–2022 (USD Million)
Table 93 Argentina By Market, By Material Type, 2015–2022 (USD Million)
Table 94 Rest of South America By Market, By End-Use Industry, 2015–2022 (USD Million)
Table 95 Rest of South America By Market, By Material Type, 2015–2022 (USD Million)
Table 96 Agreements, 2013-2018
Table 97 Expansions, 2013-2018
Table 98 Acquisitions, 2013-2018
Table 99 New Product Launches, 2013-2018
Table 100 Contracts, 2013-2018
Table 101 Partnerships, 2013-2018

List of Figures (46 Figures)

Figure 1 Industrial Gaskets Market: Research Design
Figure 2 Industrial Gaskets Market: Data Triangulation
Figure 3 Soft Gaskets Projected to Be Largest and Highest-Growing Product Type in the Market Between 2017 and 2022
Figure 4 Semi-Metallic Gaskets Projected to Be Largest Material Type in the Market Between 2017 and 2022
Figure 5 Refineries Projected to Be Largest and Highest-Growing End-Use Industry in the Market Between 2017 and 2022
Figure 6 North America Projected to Lead the Market Between 2017 and 2022
Figure 7 Increase in Fugitive Emissions and Ban on Asbestos are Creating Opportunities for the Growth of the Industrial Gaskets Market
Figure 8 North America Estimated to Be the Largest Market for Metallic and Semi-Metallic Segments of the Industrial Gaskets Market in 2017
Figure 9 Asia Pacific Estimated to Be the Largest Market for the Soft Gasket Segment in the Industrial Gaskets Market in 2017
Figure 10 Refineries Estimated to Be the Largest End-Use Industry Across All Regions in the Industrial Gaskets Market in 2017
Figure 11 Asia Pacific Industrial Gaskets Market is Projected to Grow at the Highest CAGR Between 2017 and 2022
Figure 12 Drivers, Restraints, Opportunities, and Challenges of the Industrial Gaskets Market
Figure 13 Average Crude Oil Prices Per Barrel (2005–2016)
Figure 14 Porter’s Five Forces Analysis
Figure 15 Worldwide Refining Supply/Market Demand Balance in 2016
Figure 16 Manufacturing Industry Contribution to GDP, 2016
Figure 17 Change in Primary Energy Demand, 2016–2040, Million Tons of Oil Equivalent (Mtoe)
Figure 18 Comparison of International Growth in Chemical Production
Figure 19 World Chemical Sales, By Geography, 2016
Figure 20 Industrial Gaskets Market, By Material Type, 2017 & 2022
Figure 21 North America is Estimated to Be the Largest Region in the Semi-Metallic Gaskets Material Type Segment in 2017
Figure 22 Asia Pacific is Estimated to Be the Leading Region in the Non-Metallic Gaskets Material Type Segment in 2017
Figure 23 North America and Europe are Estimated to Be the Leading Regions in the Metallic Gaskets Material Type Segment in 2017
Figure 24 Industrial Gaskets Market Overview: By Product Type
Figure 25 Soft Gasket is Projected to Be the Highest-Growing Product Type in Asia Pacific During the Forecast Period
Figure 26 Spiral Wound Gasket Segment is Projected to Be the Second-Largest Product Type in the Global Industrial Gaskets Market During the Forecast Period
Figure 27 Ring Joint Gasket Segment is Projected to Lead in Europe During the Forecast Period
Figure 28 Kammprofile Gasket is Projected to Be the Largest Product Type in North America During the Forecast Period
Figure 29 Jacketed Gasket Segment is Projected to Lead in North America During the Forecast Period
Figure 30 Corrugated Gasket is Projected to Lead in North America During the Forecast Period
Figure 31 Other Product Type is Projected to Lead in North America During the Forecast Period
Figure 32 Industrial Gaskets Market, By End-Use Industry, 2017 & 2021 (USD Million)
Figure 33 Asia Pacific is Estimated to Be the Highest-Growing Region in the Refineries Segment of the Industrial Gaskets Market in 2017
Figure 34 North America is Estimated to Be the Largest Region in the Power Generation Segment of the Industrial Gaskets Market in 2017
Figure 35 North America and Europe Together Estimated to Account for the Largest Market Share in the Chemical Processing Segment of the Industrial Gaskets Market in 2017
Figure 36 Europe is Estimated to Be the Second-Largest Region in the Industrial Machinery Segment of the Industrial Gaskets Market in 2017
Figure 37 North America is Estimated to Be the Largest Region in the Pulp & Paper Segment of the Industrial Gaskets Market in 2017
Figure 38 Europe is Estimated to Be the Second-Largest Region in the Food & Pharmaceutical Segment of the Industrial Gaskets Market in 2017
Figure 39 Other End-Use Industries: Industrial Gaskets Market, 2017 & 2022 (USD Million)
Figure 40 Industrial Gaskets Market in Asia Pacific and Middle East & Africa is Projected to Witness High Growth During the Forecast Period
Figure 41 North America Industrial Gaskets Market Snapshot
Figure 42 Europe Industrial Gaskets Market Snapshot
Figure 43 Asia Pacific Industrial Gaskets Market Snapshot
Figure 44 Middle East & Africa Industrial Gaskets Market Snapshot
Figure 45 South America Industrial Gaskets Market Snapshot
Figure 46 Companies Primarily Adopted Organic Growth Strategies Between 2013 and 2017

The industrial gaskets market is projected to grow from USD 8.86 Billion in 2017 to USD 11.58 Billion by 2022, at a CAGR of 5.5% from 2017 to 2022. The wide applications of industrial gaskets in various end-use industries, growing demand from oil & gas production-related facilities in GCC countries, increasing consumption of PTFE gaskets, and stringent leakage regulations implemented by the EPA  to prevent damage to the environment are the key factors driving the growth of the industrial gaskets market across the globe.

Among material types, the semi-metallic segment is expected to lead the industrial gaskets market during the forecast period. Semi-metallic gaskets are consumed by various end-use industries as they offer enhanced tightness of the assembly with low overall load as compared to metallic gaskets. This is one of the major factors driving the growth of the semi-metallic material type segment of the industrial gaskets market.

Among product types, the soft gasket segment is expected to lead the industrial gaskets market during the forecast period. Soft gaskets are the most preferred product type by various end-use industries as they are cost-effective in comparison to other industrial gaskets. Soft gaskets are mostly preferred by the processing industries across the globe.

The refineries end-use industry segment is expected to lead the industrial gaskets market from 2017 to 2022. This segment of the market is also projected to grow at the highest CAGR during the forecast period. The growth of the commercial application segment of the industrial gaskets market can be attributed to the increasing use of gaskets in high pressure and temperature applications in refineries.

The North American region is the largest market for industrial gaskets across the globe. The North American industrial gaskets market is largely driven by the demand from the oil & gas, chemical, and pulp & paper industries. Manufacturers in this region have adopted both, organic and inorganic growth strategies to expand their market share. They have also invested in R&D to enhance their products further to meet the stringent leakage limits set by the EPA, as noncompliance with these regulations results in payment of heavy penalties. These factors are expected to fuel the growth of the North America industrial gaskets market during the forecast period.

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) are the leading players operating in the industrial gaskets market. These companies have adopted various strategies such as agreements, expansions, acquisitions, partnerships, and new product launches to meet the growing demand for industrial gaskets as well as increase their market presence.

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