Graphite and Carbon Sealing Gasket Market Size, Share, Growth, and Industry Growth by Type (Pure Flexible Graphite Gaskets, and Pure Flexible Graphite-Metal Inserted) By Application (Petrochemical, Instrumentation, Aerospace, Chemical Industry, and Others), Regional Forecast To 2031

Updated On: 08 April 2024

Graphite and Carbon Sealing Gasket Market REPORT OVERVIEW

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The global graphite and carbon sealing gasket market size was USD 838.8 million in 2022 and is projected to touch USD 1087.92 million by 2031, at a CAGR of 3% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with graphite and carbon sealing gasket experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

Graphite and carbon sealing gasket is used for dynamic mechanical seal. It creates a seal between a rotating and stationary body. They can be also used in mixing seals to prevent leakage and entering anything in the gap.

Increasing demand to improve sealing performance along with chemical resistance and temperature is expected to increase market growth. Rising demand from rubber industry is anticipated to accelerate market growth. Increasing industrialization and urbanization are predicted to increase product adoption. Rising demand for non-metallic gaskets and seals from plastics industry is projected to drive market growth. Growing demand for expensive sealing products made from advanced materials is expected to accelerate product demand. Further, the availability of the product in different shapes and sizes is estimated to surge graphite and carbon sealing gasket market growth during the forecast period.

COVID-19 Impact: Shut down of Industrialization Activities to Hamper Market Growth

Closer of several industries reduced market growth. Lack of labor or employee during pandemic halted production activities. Ban on transportation and shutdown of airports and construction activities reduced market growth. Lack of raw materials availability reduced market growth.

However, post COVID-19 pandemic, market is expected to show considerable market growth due to up liftmen of restrictions. Re opening of industries boosted product adoption.

LATEST TRENDS

"Increasing Demand for Aerospace Industry to Accelerate Market Growth"

Increasing need for aerospace industry is estimated to fuel market growth. The product has a layered structure that helps to boost high-performance in aircraft. It has a heat resistance and self-lubricating characteristics which strengthen requirements for better performance. Such qualities of the product are estimated to boost product adoption in aerospace industry. Further, the product has self-lubricant and heat transfer properties that increase aircraft longevity. It also helps to save fuel economy by allowing engineers to manage oil temperature in the engine. The properties such as weight saving as it has a lower density which is anticipated to surge market growth during the forecast period. In addition, the product helps to prevent overheating of the engine. Such benefits of heat transferring are estimated to increase graphite and carbon sealing gasket market growth. It also helps to enhance materials’ stiffness and strength. Such advantages of the product in the aerospace industry are estimated to boost market growth.

Graphite and Carbon Sealing Gasket Market SEGMENTATION

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• By Type

Based on type, the market is divided into pure flexible graphite gaskets, and pure flexible graphite-metal inserted.

Pure flexible graphite gaskets are estimated to be leading part of segmentation type.

• By Application

Based on application, the market is divided in petrochemical, instrumentation, aerospace, chemical industry, and others.

Chemical industry is estimated to be leading part of application segmentation

DRIVING FACTORS

"Growing Demand from Rubber Industry to Incite Market Growth"

Increasing demand for product in the rubber industry is expected to fuel market growth. The product has a high resistance capacity which is projected to boost product demand. It has better form of sealing which is commonly used in rubber industry. Growing demand for 100% pure flexible graphite in rubber industry is estimated to fuel product adoption. Increasing demand from petrochemical industry due to its high thermal quality is estimated to surge market growth during the forecast period. The product has improved sealing performance which is predicted to drive market growth. It has excellent resiliency and zero-leakage such qualities are estimated to drive market growth during the forecast period. Growing research and development (R&D) activities in the product are projected to drive graphite and carbon sealing gasket market growth during the forecast period.

"Rise in Industrialization and Urbanization to Foster Market Growth"

An increasing number of industrialization and urbanization globally is predicted to fuel market growth. Growing demand for machinery, mechanical instruments, automobiles, and manufacturing plants is projected to boost product adoption. The product has pressure fluctuations and dimensional stability which are predicted to increase product demand in industries. It is flexible and high strength and rigidity. Such benefits are projected to drive market growth.  Increasing use of the product in paper mills, chemical plants, and thermal applications are predicted to accelerate graphite and carbon sealing gasket market growth during the forecast period.

RESTRAINING FACTORS

"Limitation in Some Application to Hamper Market Growth"

The product is limited in some application which is predicted to hamper market growth during the forecast period.

Graphite and Carbon Sealing Gasket Market REGIONAL INSIGHTS

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"Rapid Industrialization in Asia Pacific to Drive Market Share"

Asia Pacific is estimated to largest part of graphite and carbon sealing gasket market share due to rapid industrialization. Increasing development in aerospace industry in the region is estimated to boost product adoption. Growing demand from petrochemical and rubber industry are projected to drive market growth. Strict government regulation and low land and labor cost is predicted to stimulate market growth during the forecast period. Presence of raw materials and market players is anticipated to drive market growth during the forecast period.

North America is expected to show considerable market growth due to increasing number of manufacturing plants. Rapid industrialization and urbanization is estimated to surge market growth. Growing research and development activities in the region is projected to drive market growth during the forecast period.

KEY INDUSTRY PLAYERS

"Leading Players Adopt Strategies to Stay Competitive"

The report covers information about the list of market players and their latest development in the Industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• GrafTech (U.S.)
• Mersen (France)
• Lamons (U.S.)
• EagleBurgmann (India)
• Gee Graphite (U.S.)
• Nippon Valqua (Japan)
• Flexitallic (U.S.)
• Mercer Gasket (U.S.)
• Renesas Electronics Corporation (Japan)
• Graphite Tech (Germany)
• Hennig Gasket (U.S.)
• Shuk (New Zealand)
• SinoSeal (China)
• Teamful Sealing Technology (China)
• Wealson (U.S.)
• Tiansheng (China)
• Guangan Chemical (China)
• Qimeng (China)
• EnPro Industries

REPORT COVERAGE

This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.