A gasket is utilized for sealing junction between two surfaces in an engine or other devices to prevent leakage. High temperature gaskets are designed using materials such as graphite laminate, ceramic fiber blankets, fluorosilicone, silicone, compressed non-asbestos, PTFE, fiberglass tape & rope, and others to perform in conditions involving elevated temperatures and combustible fluids.
Demand for high temperature gasket materials is growing steadily due to increasing applications of high temperature and pressure resistant gaskets in various industries such as automotive, oil & gas, power generation, and others. According to International Organization of Motor Vehicles Manufacturers, production of motor vehicles in 2016 was 94.9 million worldwide, which increased by 4.5% from 2015. Such increasing production of motor vehicles is expected to fuel growth of the market.
Among material type, graphite material segment held dominant position in the high temperature gasket materials market in 2017. This is owing to extensive use of graphite in petrochemical refineries, industrial fluid sealing, electronic & electrochemical, and steam service.
Among region, Asia Pacific accounted for the largest market share in 2017 due to significant demand for high temperature gasket materials from countries such as China, India, South Korea, and Japan. Moreover, growth in various industries such as automotive, electrical, and chemical is also major factor contributing to high demand for these materials in Asia Pacific. According to the India Brand Equity Foundation (IBEF), Government of India, electronics market in India is expected to grow from US$ 69.6 billion in 2012 to US$ 400 billion in 2022.
Key features of the study:
- This report provides in-depth analysis of high temperature gasket materials and provides market size (US$ Billion) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2018 – 2025), considering 2017 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players It profiles leading players in the global high temperature gasket materials market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies and future plans Key companies covered as a part of this study include, Auburn Manufacturing, Inc., TEADIT International Produktions GmbH, Flexitallic Group, Inc., Atlantic Gasket Corporation, San Diego Seal, Inc., Garlock Sealing Technologies, Spetech Sp. z o.o. Uszczelnienia Techniczne – Przemys??owe, 3M Company, Advanced Sealing Inc., Hoosier Gasket Corporation, British Gasket Limited, Klinger Limited, and Permatex, Inc. Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launch, technology up-gradation, market expansion and marketing tactics The global high temperature gasket materials market report caters to various stakeholders in this industry including investors, suppliers, high temperature gasket materials manufacturers, distributors, new entrants, and financial analysts Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the high temperature gasket materials market