Global High Temperature Gasket Market to cross USD 37.3 BN by 2026
Posted On February 14, 2020
The Global High Temperature Gasket Market value will grow to USD 37.3 BN in 2026 from the market value of USD 27.4 BN in 2019 at a CAGR of 4.5% during the study period of 2020-2026, as stated in the published report by Value Market Research. Boosting industrial expansion and rising demand from the automobile sector is a prominent driver of the growth of the global high-temperature gasket market.
Additionally, rising demand from several end-use enterprises such as power generation, oil & gas, chemical industry, etc., due to product characteristics such as resistance to elevated temperature, chemical inertness, etc. This is another facet anticipated to stimulate the growth of the global high temperature gasket market. Thus, the movement of expanding undertakings is inclined to result in the bigger availability of high-quality gasket equipment across various markets.
Gasket is a flat and soft piece of mechanical seal which is used to replenish gaps or voids between two or more bodies to avoid leakage from junctions. There are numerous kinds of gasket such as the gasket used in piping, in the automobiles, etc. and different materials are used in manufacturing of gaskets such as rubber gasket, non-asbestos gasket and cork gasket. High temperature gaskets are prepared of substances such as graphite, fluorosilicone, Teflon, silicone, stainless steel, ceramic, mica, graphite, fibreglass and several other materials that offer great regulating temperature. It is primarily utilized in various chemical refineries and superheated steam production. The variety of gaskets available in the market gives birth to the increased demand for the products thereby enhancing the elevating growth of the global high-temperature gasket market.
The "Global High Temperature Gasket Market Report By Product (Graphite, Fluorosilicone, Fiberglass, Ceramic, Mica, Teflon, Silicone, Stainless Steel & Alloy, UHT Liquid Gasket Material And Others), By Application (Boilers, Heaters, Stoves, Primary Metals, Airheaters And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2019-2026" provides statistical data on the basis of revenue/or volume as well as qualitative data gathered from reliable sources. The report analyses the trends of the past years along with deeply studying the geo-political trends, thus authenticating the findings of the research and making it more reliable.
By product the market is segregated into graphite, fluorosilicone, fiberglass, ceramic, mica, teflon, silicone, stainless steel & alloy, UHT liquid gasket material and others. Graphite is the leading segment. On the basis of application, boilers, heaters, stoves, primary metals, airheaters and others are the segments considered in the report.
Geographically the research study provides data on North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions. Asia-Pacific is the leading region. This section provides the estimates of market by segment, thus providing valuable data to take strategic decisions.
The Report Segments Global High Temperature Gasket Market -
- Stainless Steel & Alloy
- UHT Liquid Gasket Material
- Primary Metals
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Players Profiled In the Report:
3M, Advanced Sealing, Flexitallic Group, Garlock, Hennig Gasket & Seals, IGS Industries, Spetech, Teadit Group and Threebond.
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