Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

India Industrial Gaskets Market Outlook

The India industrial gaskets market witnessed a healthy growth in the historical period of 2018-2023. The India industrial gaskets industry is expected to grow at a CAGR of 6% in the forecast period of 2024-2032.

India Industrial Gaskets Market

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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.

India Industrial Gaskets Market

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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

India Industrial Gaskets Market

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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.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
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 Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
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.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The Indian industrial gaskets market is projected to grow at a CAGR of 6% between 2024 and 2032.

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.

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