According to recent reports by MarketsandMarkets Research, the global industrial gaskets
market worth is anticipated to reach USD 15.96 billion by 2028, growing at a CAGR of 5.5 percent. The surge in demand from mainly the oil and gas-related sectors in the Middle-east regions is driving the growth of the industrial gasket market.
Industrial gaskets are used in various end-use industries. Major factors fuelling the growth of the industrial gasket market include the increasing demand from oil and gas production-related facilities in Gulf countries. Other factors include the increasing consumption of PTFE gaskets, and stringent leakage regulations implemented by the EPA to prevent damage to the environment.
Gasket – an elastomeric component that covers that the intersection between two surfaces is usually manufactured using various materials such as rubber, cork, paper, metal, copper, and foam. Owing to its functionality, this flexible element can be used for a broad scope of purposes such as anti-vibration, packaging, hygiene, noise, and sound reduction, and among these the most important and common use of gasket is sealing.
As gaskets are used in virtually all sorts of industries such as food processing, pharmaceutical, water, and gas, the materials used to manufacture gaskets are chosen meticulously for their characteristics and capability to withstand various environments. These include mines, oceans, alkaline acids, chemical processing, power generation, petrochemical, oil & gas, aerospace, extreme temperature, and pressure.
Since gaskets can be obtained in numerous specifications, they are a crucial element in most of the manufacturing processes. Moreover, they are very common components and are implemented in cars, trains, planes, electrical equipment, and many other applications.