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MARKET OVERVIEW

1.1 Definition and scope of study

The industrial gasket is a type of gasket that has two functions: it prevents a fluid (liquid or gas) from escaping from a container and it prevents foreign bodies from entering a device.

Gaskets are used to guarantee the tightness of mechanical connectors so that fluids may be transported. They are commonly found in pipe systems, pumps, and turbines. Their significance is in the permanent and mobile connections that enable the correct operation and safety of a large number of machinery and equipment. As a result, industrial processes necessitate high-precision mechanisms and specialized knowledge, thus necessitating a high level of technical competence in the field. There are gaskets that are ideal for high temperatures, so you can distinguish gaskets that are more or less resistant to weathering or mineral grease and so on. Gaskets composed of various materials that give birth to as many distinct components are available on the market, ranging from rubber, silicone, or metal gaskets, which are arguably the most frequent, to insulating board gaskets, which are maybe less well-known but equally effective. 

The worldwide industrial gaskets market is expected to grow at a CAGR of 5.2% from USD 9.0 billion in 2020 to USD 11.6 billion by 2025.

There are roughly 250 firms in Italy that specialize in the design and manufacture of industrial gaskets, most of them being small and medium-sized businesses. Italy places a major emphasis on high quality and precise manufacturing, experimenting with new and more sustainable materials like natural rubber. After China, Italy is the world's second-largest exporter of industrial valves and gaskets. The manufacture of industrial gaskets is a specialty of Lombardy.

The expansion of the market will be aided in particular by the growth of the car manufacturing industry. Moreover, the market will also be driven by stricter emission rules. 

ANALYSIS OF THE DEMAND

MARKET STRUCTURE

ANALYSIS OF THE OFFER

REGULATION

POSITIONING OF THE ACTORS

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Reviews (3)

The market for automatic cash registers - France

Publicado en 11/01/2022 by Malcolm Vincent

Interesting estimate of a fast-growing market mainly centered on mass retailing and specialized distribution, whose development is however slowed down by social problems linked to the disappearance of cashiers. Consumer behavior in front of these automatic checkouts and product typology well analyzed


Businesscoot Response:

Hello Malcolm, Thank you very much for this very positive review! We are delighted that you are enjoying our studies and we thank you for your trust in us.

The bodywork market - France

Publicado en 25/02/2021 by Lengele

Saves time on researching reliable statistics


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Hello, Thank you for your feedback which helps us to improve the quality of our studies.

The Glass Fiber Market - France

Publicado en 11/02/2021 by Marc-Henri Mignon - Insights & Synergies Conseils

An interesting price-quality ratio to enter a new market


Businesscoot Response:

Hello Marc-Henri, Thank you for your feedback which helps us to improve the quality of our studies.