The industrial gaskets market is projected to grow from USD 8.86 Billion in 2017 to USD 11.58 Billion by 2022 at a CAGR of 5.5% from 2017 to 2022. The wide applications of industrial gaskets in various end-use industries, growing demand from oil & gas production-related facilities in GCC countries, increasing consumption of PTFE gaskets, and stringent leakage regulations implemented by the EPA (Environmental Protection Agency) to prevent damage to the environment are key factors driving the growth of the industrial gaskets market. Klinger Limited (UK), Teadit (US), Flexitallic (US), Garlock Sealing Technologies (US), Spira Power (UAE), Lamons (US), Spitmaan (India), W. L. Gore & Associates, Inc. (US), Hennig Gasket & Seals, Inc (US), James Walker (UK) and Denver Rubber Company (US) are some of the leading players operating in the industrial gaskets market.
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These leading players have adopted the strategies of agreements, expansions, acquisitions, partnerships, and new product launches to cater the increased demand for industrial gaskets from various end-use industries.
Garlock Sealing Technologies, a leading player in the industrial gaskets market, offers a complete line of high-performance industrial gaskets. Other products offered by the company include compression packing, pump diaphragms, gasketing products, hydraulic components, metallic gaskets, rubber expansion joints, custom molded rubber, oil seals, bearing isolators, mechanical seals, metal expansion joints, oil & gas seals, and butterfly valves. The company offers its products to various industries, including the chemical & petrochemical, refining, pulp & paper, wastewater treatment & drainage, power generation, primary metals, food & beverage, marine, nuclear, pharmaceuticals, infrastructure, and mining industries. The company also has a pending patent technology that incorporates raised ribs to ensure that the gasket performs under the limited bolt load and narrow seating surface of the nozzle. Garlock Sealing Technologies has a strong geographical foothold and acquired Rubber Fab Gasket & Molding Inc. (US) in April 2016. This development helped Garlock enhance its presence and scale up its sealing technology. The company focuses on both, organic and inorganic growth strategies to strengthen its market position.
Klinger is another prominent player in the industrial gasket market. Klinger offers metallic and non-metallic gaskets, including spiral wound gaskets, coated grooved metal gaskets, and corrugated metal gaskets amongst others. It also provides technical support services that include finite element analysis, product testing, and waterjet cutting services. Klinger has strong regional manufacturing and distribution tie-ups in different geographies to market its sealing products. The products offered by the company are certified by various testing & research institutes and associations, such as BAM, Germany and DIN-DVGW, Germany for use in a wide array of applications. Klinger also has tie-ups with major end users from the oil & gas industry, such as BP, to maintain and repair their refineries by supplying industrial gaskets.
Klinger UK, together with Abu Dhabi Oilfield Services (ADOS), formed Klinger Middle East to expand their services and expertise within the GCC region by manufacturing large-scale soft cut, semi-metallic, and metallic gaskets, and other associated Klinger products.
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