MONTREAL , Jan. 16, 2023 /PRNewswire/ The comprehensive industry research on Machined Seals Market published by Data Bridge Market research which includes
The demand for industrial gaskets is rising, owing to the stringent leakage regulations implemented by Environmental Protection Agency (EPA) and also because of increasing oil production in GCC countries. Also, rise in number of refineries in APAC is providing opportunity for this market. However, the volatility of raw material prices for the manufacturing of industrial gaskets is challenging the market. Furthermore, the increasing demand for treated water in emerging provide growth opportunities to the market. On the other hand, the consumption of low cost asbestos based gaskets in emerging countries is restraining the growth of the industrial gaskets market.
Based on the material type, the semi metallic segment is estimated to lead the overall industrial gaskets market in
Industrial Gaskets Market worth $11.6 billion by 2025 - Exclusive Report by MarketsandMarkets Industrial Gaskets Market by Material Type (Semi-metallic, Non-metallic, and Metallic) , Product Type (Soft, Spiral Wound, Ring Joint, Kammprofile, Jacketed, Corrugated, and Others), End-Use Industry, and Region - Global Forecast to 2025 , published by MarketsandMarkets, the global Industrial Gaskets Market size is estimated at USD 9.0 billion in 2020 and is projected to reach USD 11.6 billion by 2025, at a CAGR of 5.2%.
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Browse 91 market data Tables and 43 Figures spread through 177 Pages and in-depth TOC on Industrial Gaskets Market
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