Reports
India Industrial Gaskets Market: Semi-Metallic, Non-Metallic, Metallic; By Product Type: Soft, Corrugated, Spiral Wound, Ring Joint, Kammprofile; By End Use: Refineries, Power Generation, Chemical Processing, Industrial Machinery, Others; Historical Market and Forecast (2018-2028); Competitive Landscape; Industry Events and Developments
India Industrial Gaskets Market Outlook
The India industrial gaskets market witnessed a healthy growth in the historical period of 2018-2022. The India industrial gaskets industry is expected to grow at a CAGR of 6% in the forecast period of 2023-2028.
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Booming Manufacturing Sector to Aid the Market Growth of Industrial Gaskets in India
The India industrial gaskets industry is being led by the increasing power generation in the country to meet the increasing power demand. Further, the positive business conditions in the Indian manufacturing sector are boosting the market growth in the country. In addition to this, the Make in India drive is helping India become the hub for hi-tech manufacturing as many global giants have either set up or are in the process of setting up manufacturing plants in India supported by the growing population and an increasing purchasing power. This is predicted to favour the market growth of industrial gaskets. Also, the Government of India is taking several initiatives to promote a healthy environment for the development of the manufacturing sector in the country, consequently boosting the industrial gaskets market in India.
Industrial Gasket: Market Segmentation
Industrial gaskets work as static seals between two non-mobile flat flanges. They are key components of industrial applications tasked to assist seal joints in limiting vibration, enhancing mounting, and preventing leaks. Industrial gaskets are manufactured using materials that can tolerate high rates of compression like rubber, graphite, nitrite, and neoprene.
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On the basis of material type, the industry is divided into:
- Semi-Metallic
- Non-Metallic
- Metallic
By product type, the industry is segmented into:
- Soft
- Corrugated
- Spiral Wound
- Ring Joint
- Kammprofile
- Others
Based on end use, the industry is categorised into:
- Refineries
- Power Generation
- Chemical Processing
- Industrial Machinery
- Pulp and Paper
- Others
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Flourishing Automotive Industry to Aid the Market Growth of Industrial Gaskets in India
The market growth of the industrial gaskets in India is driven by the robust growth of the refineries segment in recent years. The growth of this segment can be attributed to the growing requirement of sealing products to prevent leakages of hazardous chemicals and toxins into the environment. In addition, the flourishing automotive industry, along with the growing product utilization in the plumbing and construction sector, is expected to aid the market growth over the forecast period. Further, due to robust industrialisation and rapid urbanisation in the country, the manufacturing plants and factories that use gaskets are increasing—thereby facilitating market growth.
The market is further supported by certain factors like the extensive application of industrial gaskets in multiple end-use industries, rising consumption of PTFE gaskets, increasing demand from oil & gas production-related facilities in GCC countries, strict regulations regarding leakage implemented by the Environmental Protection Agency to safeguard against any environmental damage, which are bolstering the market growth. However, the market growth was negatively affected in 2020 due to the COVID-19 outbreak, which severely disrupted the value chain. The market may gradually recover over the forecast period due to government initiatives aimed at reviving the economy.
Key Industry Players in the India Industrial Gaskets Market
The report gives a detailed analysis of the following key players in the India industrial gaskets market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- IGP Group
- Goodrich Gasket Private Limited
- STARFLEX Co., LTD
- Crown Gaskets Pvt. Ltd.
- Sealmax
- Champion Seals India Pvt Ltd
- Inseal International Pvt. Limited
- Jay Gaskets Pvt. Ltd
- Asian Sealing Products Private Limited
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. We at Expert Market Research always thrive to give you the latest information.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Material Type, Product Type, End Use |
| Breakup by Material Type | Semi-Metallic, Non-Metallic, Metallic |
| Breakup by Product Type | Soft, Corrugated, Spiral Wound, Ring Joint, Kammprofile, Others |
| Breakup by End Use | Refineries, Power Generation, Chemical Processing, Industrial Machinery, Pulp and Paper, Others |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | IGP Group, Goodrich Gasket Private Limited, STARFLEX Co., LTD, Crown Gaskets Pvt. Ltd., Sealmax, Champion Seals India Pvt Ltd, Inseal International Pvt. Limited, Jay Gaskets Pvt. Ltd, Asian Sealing Products Private Limited, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 India
7 Industry Opportunities and Challenges
8 India Industrial Gaskets Market Analysis
8.1 Key Industry Highlights
8.2 India Industrial Gaskets Historical Market (2018-2022)
8.3 India Industrial Gaskets Market Forecast (2023-2028)
8.4 India Industrial Gaskets Market by Material Type
8.4.1 Semi-Metallic
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Non-Metallic
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Metallic
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.5 India Industrial Gaskets Market by Product Type
8.5.1 Soft
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Corrugated
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Spiral Wound
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Ring Joint
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Kammprofile
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2022)
8.5.5.3 Forecast Trend (2023-2028)
8.5.6 Others
8.6 India Industrial Gaskets Market by End Use
8.6.1 Refineries
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Power Generation
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Chemical Processing
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Industrial Machinery
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Pulp and Paper
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
8.6.6 Others
9 Market Dynamics
9.1 SWOT Analysis
9.1.1 Strengths
9.1.2 Weaknesses
9.1.3 Opportunities
9.1.4 Threats
9.2 Porter’s Five Forces Analysis
9.2.1 Supplier’s Power
9.2.2 Buyers Power
9.2.3 Threat of New Entrants
9.2.4 Degree of Rivalry
9.2.5 Threat of Substitutes
9.3 Key Indicators for Demand
9.4 Key Indicators for Price
10 Value Chain Analysis
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 IGP Group
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 Goodrich Gasket Private Limited
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 STARFLEX Co., LTD
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 Crown Gaskets Pvt. Ltd.
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 Sealmax
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Champion Seals India Pvt Ltd
11.2.6.1 Company Overview
11.2.6.2 Product Portfolio
11.2.6.3 Demographic Reach and Achievements
11.2.6.4 Certifications
11.2.7 Inseal International Pvt. Limited
11.2.7.1 Company Overview
11.2.7.2 Product Portfolio
11.2.7.3 Demographic Reach and Achievements
11.2.7.4 Certifications
11.2.8 Jay Gaskets Pvt. Ltd
11.2.8.1 Company Overview
11.2.8.2 Product Portfolio
11.2.8.3 Demographic Reach and Achievements
11.2.8.4 Certifications
11.2.9 Asian Sealing Products Private Limited
11.2.9.1 Company Overview
11.2.9.2 Product Portfolio
11.2.9.3 Demographic Reach and Achievements
11.2.9.4 Certifications
11.2.10 Others
12 Industry Events and Developments
List of Key Figures and Tables
1. India Industrial Gaskets Market: Key Industry Highlights, 2018 and 2028
2. India Industrial Gaskets Historical Market: Breakup by Material Type (INR Million), 2018-2022
3. India Industrial Gaskets Market Forecast: Breakup by Material Type (INR Million), 2023-2028
4. India Industrial Gaskets Historical Market: Breakup by Product Type (INR Million), 2018-2022
5. India Industrial Gaskets Market Forecast: Breakup by Product Type (INR Million), 2023-2028
6. India Industrial Gaskets Historical Market: Breakup by End Use (INR Million), 2018-2022
7. India Industrial Gaskets Market Forecast: Breakup by End Use (INR Million), 2023-2028
8. India Industrial Gaskets Market Structure
Key Questions Answered in the Report
The Indian industrial gaskets market is projected to grow at a CAGR of 6% between 2023 and 2028.
The major drivers of the market include the flourishing automotive industry, growing product utilisation in the plumbing and construction sector, robust industrialisation, rapid urbanisation, extensive application of industrial gaskets in multiple end-use industries, rising consumption of PTFE gaskets, increasing demand from oil and gas production-related facilities in GCC countries, and strict regulations regarding leakage.
The robust growth of the refineries segment and the growing requirement of sealing products are the key industry trends propelling the market's growth.
Based on material type, the industry is divided into semi-metallic, non-metallic, and metallic.
By product type, the market can be divided into soft, corrugated, spiral wound, ring joint, and kammprofile, among others.
The end-uses of the market are refineries, power generation, chemical processing, industrial machinery, pulp and paper, among others.
The major players in the industry are IGP Group, Goodrich Gasket Private Limited, STARFLEX Co., LTD, Crown Gaskets Pvt. Ltd., Sealmax, Champion Seals India Pvt Ltd, Inseal International Pvt. Limited, Jay Gaskets Pvt. Ltd, and Asian Sealing Products Private Limited, among others.
Analyst Review
The India industrial gaskets market was driven by the robust growth of the refineries segment in the historical period. Aided by the flourishing automotive industry, growing product utilisation in the plumbing and construction sector, and growing requirement of sealing products, the market is expected to witness further growth in the forecast period of 2023-2028, growing at a CAGR of 6%.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on material type, the industry is divided into semi-metallic, non-metallic and metallic. By product type, the market can be divided into soft, corrugated, spiral wound, ring joint, and kammprofile, among others. The end-uses of the market are refineries, power generation, chemical processing, industrial machinery, pulp and paper, among others. The major players in the industry are IGP Group, Goodrich Gasket Private Limited, STARFLEX Co., LTD, Crown Gaskets Pvt. Ltd., Sealmax, Champion Seals India Pvt Ltd, Inseal International Pvt. Limited, Jay Gaskets Pvt. Ltd, and Asian Sealing Products Private Limited, among others.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.
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