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(IT-NEWSWIRE.COM, September 07, 2018 ) Global High-Temperature Gaskets Market to reach USD 31.8 billion by 2025.
Global High-Temperature Gaskets Market valued approximately USD 20.4 billion in 2016 is forecasted to grow with a healthy growth rate of more than 5.5% over the forecast period 2018-2025. The major factors speculated to augment the markets are severe leakage regulations implemented by the EPA to restrain damage to the environment, extensive applications in different end-use industries, growing consumption of PTFE gaskets, and rising need from oil & gas production-related facilities. Gasket is a compressible material or combination of materials used to provide a robust seal between two stationary parts and to compensate for the imperfection between the mating surfaces to be sealed. High temperature gaskets are used where the application temperature exceeds 700°C.
The industry is seeming to be fairly competitive. Some of the leading market players include Flexitallic Group, Garlock, Teadit Group, Spetech, Hennig Gasket & Seals Inc., IGS Industries, Advanced Sealing, Kommerling UK Ltd., 3M, Henkel Adhesives, National Engineering Products Inc., and so on. The fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
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The regional analysis of Global High-Temperature Gaskets Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world in terms of market share. Whereas, owing to countries like India, China and Japan, Asia Pacific region is also expected to exhibit higher growth rate / CAGR over the forecast period 2018-2025.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
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The detailed segments and sub-segment of the market are explained below: By Material: Graphite Fluorosilicone Fiber Glass Ceramic Mica Teflon Silicon Stainless Steel & Alloy UHT Liquid Gasket Materials
By Product: Metallic Semi-Metallic Non-Metallic UHT Liquid Gaskets
By Design: Spiral Wound Kammprofile Double-jacketed Fishbone Others
By Application: Power Generation Oil & Gas Chemical Processing Primary Metals Transportation Others
By Regions: North America o U.S. o Canada Europe o UK o Germany Asia Pacific o China o India o Japan Latin America o Brazil o Mexico Rest of the World
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Furthermore, years considered for the study are as follows: Historical year – 2015, 2016 Base year – 2017 Forecast period – 2018 to 2025
Target Audience of the High-Temperature Gaskets Market Study: Key Consulting Companies & Advisors Large, medium-sized, and small enterprises Venture capitalists Value-Added Resellers (VARs) Third-party knowledge providers Investment bankers Investors
Qurate Business Intelligence
Nehal Chinoy
+919881074592
nehal@qurateresearch.com
Source: EmailWire.Com
Source: EmailWire.com
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