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The Global Industrial Gasket Market is estimated to reach USD 11.6 Billion by 2024 at a CAGR of 5.4 %, Says By Forencis Research (FSR)

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Global Industrial Gasket Market 

The Global Industrial Gasket Market is estimated to reach USD 11.6 Billion by 2024 at a CAGR of 5.4 %, Says By Forencis Research (FSR). Industrial gaskets are sealing materials placed between the connecting flanges which will help to maintain the leakage proof sealing in all the operations by creating a static seal. The primary function of gaskets is to retain the internal pressure and prevent the liquids, gases, and contaminants to escape from the assemblies in the industries. The Asia Pacific is one of the fastest growing regions in the industrial gasket market owing to factors such as stable economic growth, increased consumption of manufactured goods, continuous technology innovation, and expanding manufacturing base, amongst others.  Some key players are : Gardico, Spira Power, Klinger Limited, James Walker, Flexitallic, GARLOCK , Teadit GTeek Ltd, Talbros, Centauro Srl, And Other Key Companies

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Market Drivers:

  • Rising Industrialization in Emerging Economies

Industrialization in emerging countries has resulted in a considerable rise in the number of manufacturing plants, machinery, and various other mechanical instruments that are expected to boost the demand for industrial gasket during the forecasted period. The need to improve the performance and efficiency of engineered products is boosted by industrial gaskets. In emerging markets such as China, India, Brazil, and Russia, various industries are growing at a steady pace which will boost the growth of the product market. For Instance, Brazil is one of the emerging economies in South America where chemical processing, petroleum production, and cement making are some of the industries which may boost the product market growth.

  • Growing Demand from Oil & Gas Production Related Facilities in GCC Countries

According to Organization of the Petroleum Exporting Countries (OPEC), the OPEC member countries have 1,189.8 million barrels curde oil resreves. Countries producing crude oil have been adopting best practices in the industry, realizing intensive explorations and enhanced recoveries. Industrial gaskets are been used in pipes used for oil & gas production and transportation which avoids leakages and any harm to human and environment. The gaskets helps to achive the reliable seal to prevent the leakages from the flange joints. Thus, the demand for industrial gasket form oil & gas production in GCC countries is expected to surge the product market growth.

Market Restraints:

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  • The volatility of Raw Material Prices

Raw materials used for the manufacturing of gaskets are rubber, silicone, metal, fiberglass, plastic polymer, and neoprene among others. These raw materials are available in abundant in some regions while other countries are relay on imports from these countries. For instance, steel is one of the metals used for the manufacturing of gaskets which is majorly produced in China, Japan, and India. Thus, it may result in the surplus or shortage of the commodity in specific regions resulting in fluctuation in the raw material prices which in turn may hinder the growth of the product market.


For the scope of report, In-depth segmentation is offered by Forencis Research

Industrial Gasket Market, by Material Type

  • Non-metallic
  • Semi-metallic
  • Metallic

Industrial Gasket Market, by Product Type

  • Soft Gasket
  • Corrugated Gasket
  • Spiral Wound Gasket
  • Ring Joint Gasket
  • Camprofile Gasket
  • Others

Industrial Gasket Market, by Application

  • Refineries
  • Food Processing Industries
  • Power Plants
  • Chemical Processing
  • Industrial machinery
  • Others

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Industrial Gasket Market, by Region


South Korea
Rest of Asia-Pacific

North America

Rest of Europe

Middle East & Africa
Saudi Arabia
Rest of Middle East & Africa

South America
Rest of South America

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About Forencis Research

Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”.

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