Gasket is material usually compressed in between two surface to fill gap and prevent leakage in joints. It is produced from various products such as rubber, non-asbestos, cork, and etc., there are various types of gasket available.
Demand from automobile sector for high temperature gasket due to increasing transportation activities to meet rising demand in developed and developing countries is a major factor driving growth of the global high temperature gasket market. In addition, increasing industrial activities, and rising demand from various industrial verticals such as oil and gas, chemical, power generation, etc. is expected to further boost growth of the global high temperature gasket market.
However, failure of gasket due to use of improper material in designing of gasket when subject to extreme heat or saturated steam may pose as a great challenge for growth of the global high temperature gasket market.
The global high temperature market is segmented on the basis of material type, product type, design type, end-use industry, and region. On the basis of region, the global high temperature market in segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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Asia Pacific market is expected to witness highest growth in terms of revenue owing to rising demand from automotive industry. The market in North America is leading among all the regional markets by contributing highest revenue share in the global market.
Key market players operating in the global high temperature market include Garlock Sealing Technologies LLC., The Flexitallic Group, Inc., Teadit, Hennig Gasket & Seals Inc., Spetech Plant Equipment Pvt Ltd., IGS Industries Inc., 3M Company, Henkel Adhesives, Kommerling UK Limited, Advanced Sealing & Supply Company, Inc., and National Engineering Products Inc.