High Temperature Gasket Materials Market Industry Analysis and Forecast 2018 - 2026

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High Temperature Gasket Materials Market - Global
Industry Insight, Trends, Outlook, and
Opportunity Analysis 2017-2025

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REPORT DESCRIPTION
High Temperature Gasket Materials Market Overview
Gaskets manufactured from high temperature
materials are designed for applications
involving, exhaust, combustible fluids, flame,
and elevated temperatures. High temperature
materials such as graphite, fluorosilicone,
polytetrafluoroethylene, and fiberglass provide
high reliability seals at high temperatures where
traditional gasket materials are ineffective.
These materials are used in gaskets for handling
temperatures from 350F to 2300F. High
temperature gasket materials are utilized in
chemical petrochemical refineries, industrial
fluid sealing, steam service, thermal, electronic
electrochemical applications, medical food
production, industrial processes, foundries, heat
exchangers, and others. Such wide variety of
applications of high temperature gasket materials
is driving growth of the global of high
temperature gasket materials market. Furthermore,
significant growth in industries such as oil
gas, transportation, electrical, and electronics,
which requires gasket materials that are
resistant to high temperatures and pressures is
driving growth of this market. For instance,
according to the India Brand Equity Foundation
(IBEF), Government of India, electronics market
in India is expected to grow at a compound annual
growth rate of 24.4 between 2012 and 2020.
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REPORT DESCRIPTION
Asia Pacific held highest market share of 48.2
in 2017, owing to significant growth in
industrial sectors such as chemical
petrochemical industry and power generation.
According to International Energy Association,
total electricity production in China in 2012 was
4,937 TWh which increased to 5,920 TWh in
2016. Asia Pacific has easy availability of
materials such as graphite and silicon among
others, which are required for the production of
high temperature gasket materials. According to
the U.S. Geological Survey, China accounted for
65 of graphite mining and 35 of consumption
worldwide, in 2017. Furthermore, India was the
worlds second-largest producer of graphite in
2017, according to the U.S. Geological
Survey. High temperature gasket materials market
in North America is growing at significant pace
during the forecast period. Moreover, the U.S.
held dominant position in the high temperature
gasket materials market in North America in 2017.
This is owing to significant demand for these
materials from the transportation industry.
According to the U.S. census Bureau, sales of car
and car parts reached US 1 trillion in 2014 and
increased by 6.5 as compared to 2013. Request
sample Copy of this Reporthttps//www.coherentmar
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REPORT DESCRIPTION
Europe accounted for a significant market share
in the global high temperature gasket materials
market. Germany, France, and the U.K. were the
major contributors to the demand for high
temperature gasket materials in chemical
processing industries. According to the European
Chemical Industry Council (Cefic), total chemical
sales in Europe in 2016 was US 694 billion in
2016 and was the second largest market in 2016.
The report further stated that the total value of
chemical sales in Europe is witnessing a
significant growth. Such growth in the chemical
sector is fuelling demand for high temperature
gasket materials in Europe. Key players
operating in the global high temperature gasket
materials market are adopting various growth
strategies such as mergers and acquisitions to
expand its business. For instance, in August
2018, Lydall, Inc. announced its plans to acquire
Interface Performance Materials, a manufacturer
of gaskets and specialty chemicals for 265
million to expand its product portfolio. Major
players operating in the global high temperature
gasket materials market 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. To Get Discount on
this Report https//www.coherentmarketinsights.co
m/insight/request-discount/2138
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