Annular Gasket Market is to grow at a CAGR of 8.3% during the forecast by 2029

Annular Gasket Market Overview

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:

Frequently Asked Questions

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.

Research Methodology