Global High Temperature Gaskets Market Estimated to reach US$ 31,640.0 Mn by 2025

Transparency Market Research has released a new market report titled High Temperature Gaskets by Material {Graphite, Fluorosilicone, Fiber glass, Ceramic, Mica, Teflon, Silicon, Stainless Steel & alloy, UHT Liquid Gaskets materials, Others (Thermiculite, etc.)}, 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} – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017–2025.According to the report, the global High Temperature Gaskets market was valued at US$ 20,399.9 Mn in 2016 and is projected to reach US$ 31,640.0 Mn by 2025 at a CAGR of 5.1% from 2017 to 2025.

Gasket is a combination of different materials compressed between two stationary surfaces in order to prevent the leakage or passage of fluid across the two surfaces. Thus, gaskets are used to retain the static seal between the relatively stationary parts. High temperature gaskets are designed with specific materials which are able to withstand intense heat and high pressure. High temperature gaskets are usually designed with such materials which can able to withstand the temperature above 70°C.

In terms of volume and value, Asia Pacific accounted for major share of more than 50% of the global high temperature gaskets market in 2016. It is likely to remain the dominant market during the forecast period. The region is expected to offer significant potential to the high temperature gaskets market in the near future, with China being the dominant country. China is the manufacturing hub in the world with a presence of large number of transportation companies, power generation plants, chemical processing plants, etc. wherein there is perpetual demand for high temperature gaskets. Following China, India is also expected to exhibit prominent growth in the high temperature gaskets market due to increase in power generation infrastructure set-up activities and revival in the automotive industry

Demand for high temperature gaskets in North America region is propelled by transportation sector which includes aviation & aerospace, marine, and automotive industries. The region is anticipated to expand at moderate rate during the forecast period. The semi-metallic segment constituted prominent share of the high temperature gasket market in the region.

The graphite material segment of high temperature gaskets accounted for major share owing to its excellent chemical resistance and high operating temperatures in Europe. Chemical processing and transportation industries in Europe are witnessing an increase in demand for high temperature gaskets, which in turn is anticipated to offer lucrative opportunities to the high temperature gaskets market in the region.

In Latin America, demand for high temperature gaskets for primary metals, transportation and chemical processing industries is increasing in the region. Brazil held a major share of the high temperature gaskets market in Latin America in 2016, and the trend is likely to continue during the forecast period.

Recovery in oil prices and increase in demand for maintenance of oil field equipment are anticipated to boost the high temperature gaskets market in Middle East & Africa region. Ultra high temperature liquid gaskets are gaining market acceptance in the region due to their compactness in use for drilling equipment where the design of the flanges is critical

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The global high temperature gaskets market is fragmented with many players operating in the market. Some of the key players include Flexitallic Group, Garlock, Teadit Group, Spetech, Hennig Gasket & Seals Inc., IGS Industries, and Advanced Sealing. There are few players who are into liquid gasket sealant manufacturing. Some of the prominent players are Kommerling UK Ltd. 3M, Henkel Adhesives, National Engineering Products Inc., A.I. Schulze Chemotechnische Fabrik e.K., Threebond, and Jet-Lube LLC.

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