High Temperature Gasket Materials Market
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<strong>High</strong> <strong>Temperature</strong> <strong>Gasket</strong> <strong>Materials</strong> <strong>Market</strong> -<br />
Global Industry Insight, Trends, Outlook, and<br />
Opportunity Analysis 2017-2025<br />
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REPORT DESCRIPTION<br />
<strong>High</strong> <strong>Temperature</strong> <strong>Gasket</strong> <strong>Materials</strong> <strong>Market</strong> Overview<br />
<strong>Gasket</strong>s manufactured from high temperature materials are designed for applications involving, exhaust,<br />
combustible fluids, flame, and elevated temperatures. <strong>High</strong> temperature materials such as graphite, fluorosilicone,<br />
polytetrafluoroethylene, and fiberglass provide high reliability seals at high temperatures where traditional gasket<br />
materials are ineffective. These materials are used in gaskets for handling temperatures from 350°F to 2300°F.<br />
<strong>High</strong> temperature gasket materials are utilized in chemical & petrochemical refineries, industrial fluid sealing,<br />
steam service, thermal, electronic & electrochemical applications, medical & food production, industrial<br />
processes, foundries, heat exchangers, and others. Such wide variety of applications of high temperature gasket<br />
materials is driving growth of the global of high temperature gasket materials market.<br />
Furthermore, significant growth in industries such as oil & gas, transportation, electrical, and electronics, which<br />
requires gasket materials that are resistant to high temperatures and pressures is driving growth of this market. For<br />
instance, according to the India Brand Equity Foundation (IBEF), Government of India, electronics market in<br />
India is expected to grow at a compound annual growth rate of 24.4% between 2012 and 2020.<br />
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REPORT DESCRIPTION<br />
Asia Pacific held highest market share of 48.2% in 2017, owing to significant growth in industrial sectors such<br />
as chemical & petrochemical industry and power generation. According to International Energy Association,<br />
total electricity production in China in 2012 was 4,937 TWh which increased to 5,920 TWh in 2016.<br />
Asia Pacific has easy availability of materials such as graphite and silicon among others, which are required for<br />
the production of high temperature gasket materials. According to the U.S. Geological Survey, China<br />
accounted for 65% of graphite mining and 35% of consumption worldwide, in 2017. Furthermore, India was<br />
the world’s second-largest producer of graphite in 2017, according to the U.S. Geological Survey.<br />
<strong>High</strong> temperature gasket materials market in North America is growing at significant pace during the forecast<br />
period. Moreover, the U.S. held dominant position in the high temperature gasket materials market in North<br />
America in 2017. This is owing to significant demand for these materials from the transportation industry.<br />
According to the U.S. census Bureau, sales of car and car parts reached US$ 1 trillion in 2014 and increased by<br />
6.5% as compared to 2013.<br />
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REPORT DESCRIPTION<br />
Europe accounted for a significant market share in the global high temperature gasket materials market. Germany,<br />
France, and the U.K. were the major contributors to the demand for high temperature gasket materials in chemical<br />
processing industries. According to the European Chemical Industry Council (Cefic), total chemical sales in<br />
Europe in 2016 was US$ 694 billion in 2016 and was the second largest market in 2016. The report further stated<br />
that the total value of chemical sales in Europe is witnessing a significant growth. Such growth in the chemical<br />
sector is fuelling demand for high temperature gasket materials in Europe.<br />
Key players operating in the global high temperature gasket materials market are adopting various growth<br />
strategies such as mergers and acquisitions to expand its business. For instance, in August 2018, Lydall, Inc.<br />
announced its plans to acquire Interface Performance <strong>Materials</strong>, a manufacturer of gaskets and specialty<br />
chemicals for $265 million to expand its product portfolio.<br />
Major players operating in the global high temperature gasket materials market include, Auburn Manufacturing,<br />
Inc., TEADIT International Produktions GmbH, Flexitallic Group, Inc., Atlantic <strong>Gasket</strong> Corporation, San Diego<br />
Seal, Inc., Garlock Sealing Technologies, Spetech Sp. z o.o. Uszczelnienia Techniczne – Przemys?owe, 3M<br />
Company, Advanced Sealing Inc., Hoosier <strong>Gasket</strong> Corporation, British <strong>Gasket</strong> Limited, Klinger Limited and<br />
Permatex, Inc.<br />
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