Annular Gasket Market is to grow at a CAGR of 8.3% during the forecast by 2029
Annular Gasket Market by Type (Plastic, Rubber, Fiber, Metal, Other), Application (Car, Electronic, Chemical Industry, Food Industry, Other), and Region (North America, Europe, Asia Pacific, South America, Middle East and Africa), Global trends and forecast from 2022 to 2029
Annular Gasket Market was valued at USD 5.81 Billion in 2021 and is expected to grow at a CAGR of 8.3% from 2022 to 2029.
Annular gaskets are used to seal the system which helps to make it an efficient and reliable machine in the industrial domain. They are suitable for a wide range of applications such as maintenance, repair and overhaul (MRO) activities in industries such as oil & gas, mining, power generation, airports and defense. Annular gasket, a small, rubber-like ring that seals the end of an engine or other small device by applying pressure and/or friction. The term annular also applies to a similar item in a larger size. It is used to form rings around bearings or other rotating function components. Annular gaskets (also known as ANs) are used to seal an interface between two components in an engine, transmission or other machine. They are made from galvanized steel and provide long-term wear protection for the unit being connected.
The Annular Gasket Market is due to improve primarily due to the increase in demand for advanced products and increasing industrial production at various levels. The market is also anticipated to expand over the projected period as it serves a vital role in ensuring accurate inflation control and precise sealing of fuel valves in certain vehicles, automobiles, commercial vehicles and heavy machinery. The growing number of motor vehicle manufacturers worldwide is introducing advanced technology and fuel efficient engines that generate considerable amount of heat during start-up procedures.
Instance Developments
Calvo Sealing S.L. although having a wide range of plunger-stoppers, wants to go further and promotes a new gasket called ICP 9000MR. It is a perforated high quality expanded graphite sheet reinforced with several smooth stainless steel sheets of 0.05mm. The inclusion of this reinforced steel enables the gasket to have an excellent managing and mechanical resistance, so it is recommended for high temperatures and pressures sealing applications.
As well it is highly recommended for thermal and petrochemical plants since the gasket has operating conditions of a minimum temperature of -210ºC and a maximum of 700ºC. Moreover it can takes pressures up to 650 bars.
Annular Gasket Market Scope:
Report Data
Annular Gasket Market
Annular Gasket Market Forecast 2022
USD 5.81 Billion
Annular Gasket Market CAGR 2022 - 2029
8.3%
Annular Gasket Market Analysis Period
2022 - 2029
Annular Gasket Market Base Year
2021
Annular Gasket Market Forecast Data
2022 - 2029
Segments Covered
By Type, By Application, And by Regions
Regional Scope
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key Companies Profiled
Calvo Sealing, EVCO, Garlock GmbH, John Crane, Flexitallic, TEXPACK, LATTY INTERNATIONAL, Scenic Precise, and others.
What is the future market value of the Annular Gasket Market?
The current market value for Annular Gasket Market is expected USD 5.81 Billion by 2022.
What is the CAGR of the Market?
The Annular Gasket Market is to grow at a CAGR of 8.3% during the forecast by 2029.
What is the Market segment?
On the basis of type, the Annular Gasket Market is segmented into Plastic, Rubber, Fiber, Metal, Other.
Who are the key players operating in the Annular Gasket Market?
The major players operating in the Annular Gasket Market are Calvo Sealing, EVCO, Garlock GmbH, John Crane, Flexitallic, TEXPACK, LATTY INTERNATIONAL, Scenic Precise.
Global Annular Gasket Market: Research Methodology
Global Annular Gasket Market: Executive Summary
2.1 Market Overview and Definitions
2.1.1. Introduction to Global Annular Gasket Market
2.2. Summary
2.2.1. Key Findings
2.2.2. Recommendations for Investors
2.2.3. Recommendations for Market Leaders
2.2.4. Recommendations for New Market Entry
Global Annular Gasket Market: Competitive Analysis
3.1 MRS Competition Matrix
3.1.1. Market Structure by region
3.1.2. Competitive Benchmarking of Key Players
3.2 Consolidation in the Market
3.2.1 M&A by region
3.3 Key Developments by Companies
3.4 Market Drivers
3.5 Market Restraints
3.6 Market Opportunities
3.7 Market Challenges
3.8 Market Dynamics
3.9 PORTERS Five Forces Analysis
3.10 PESTLE
3.11 Regulatory Landscape by region
North America
Europe
Asia Pacific
The Middle East and Africa
South America
3.12 COVID-19 Impacts
Global Annular Gasket Market Segmentation
4.1 Global Annular Gasket Market, by Type (2022-2029)
Plastic
Rubber
Fiber
Metal
Other
4.2 Global Annular Gasket Market, by Application (2022-2029)
Car
Electronic
Chemical Industry
Food Industry
Other
North America Annular Gasket Market (2022-2029)
5.1 North America Annular Gasket Market, by Type (2022-2029)
Plastic
Rubber
Fiber
Metal
Other
5.2 North America Annular Gasket Market, by Application (2022-2029)
Car
Electronic
Chemical Industry
Food Industry
Other
Europe Annular Gasket Market (2022-2029)
6.1. European Annular Gasket Market, by Component (2022-2029)
6.2. European Annular Gasket Market, by Delivery Model (2022-2029)
6.3. European Annular Gasket Market, by Functionality (2022-2029)
6.4. European Annular Gasket Market, by End-user (2022-2029)
6.5. European Annular Gasket Market, by Country (2022-2029)
UK
France
Germany
Italy
Spain
Sweden
Austria
Rest Of Europe
Asia Pacific Annular Gasket Market (2022-2029)
7.1. Asia Pacific Annular Gasket Market, by Type (2022-2029)
7.2. Asia Pacific Annular Gasket Market, by Application (2022-2029)
7.3. Asia Pacific Annular Gasket Market, by Country (2022-2029)
China
India
Japan
South Korea
Australia
ASEAN
Rest of APAC
Middle East and Africa Annular Gasket Market (2022-2029)
8.1 Middle East and Africa Annular Gasket Market, by Type (2022-2029)
8.2. Middle East and Africa Annular Gasket Market, by Application (2022-2029)
8.3. Middle East and Africa Annular Gasket Market, by Country (2022-2029)
South Africa
GCC
Egypt
Nigeria
Rest Of ME&A
South America Annular Gasket Market (2022-2029)
9.1. South America Annular Gasket Market, by Type (2022-2029)
9.2. South America Annular Gasket Market, by Application (2022-2029)
9.3. South America Annular Gasket Market, by Country (2022-2029) 10. Company Profile: Key players
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