Global Non-Metallic Gasket Sheet Market Growth 2019-2024

Non-Metallic Gasket Sheet, also called soft gasket, is a term used when referring to a gasket material that is easily compressed under a low bolt load. This term has been used to distinguish the difference from a metallic gasket. A soft gasket material can be selected from a large variety of rubbers and compressed non-asbestos sheet products, PTFE, flexible graphite and high temperature sheet, etc. Soft gaskets are used in a wide range of applications from pipe flange, heat exchanger, compressor and bonnet valve gaskets, to name just a few.
In the coming years there is an increasing demand for Non-Metallic Gasket Sheet in the regions of North America and Europe that is expected to drive the market for more advanced Non-Metallic Gasket Sheet. Increasing of machinery fields expenditures, more-intense competition, launches in introducing new products, retrofitting and renovation of old technology, increasing adoption of Non-Metallic Gasket Sheet will drive growth in North America and Europe markets.

Globally, the Non-Metallic Gasket Sheet industry market is low concentrated as the manufacturing technology of Non-Metallic Gasket Sheet is relatively matures than some high-tech equipment. And some enterprises, like The Flexitallic Group, Freudenberg Sealing Technologies, Trelleborg, etc. are well-known for the wonderful performance of their Non-Metallic Gasket Sheet and related services. At the same time, China, occupied 25.97% sales market share in 2016, is remarkable in the global Non-Metallic Gasket Sheet industry because of their lowest cost of raw material and labor.

The consumption volume of Non-Metallic Gasket Sheet is related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of Non-Metallic Gasket Sheet industry may not keep that fast. But it is surely forecasted that the market of Non-Metallic Gasket Sheet is still promising.

The product average price declined in the past few years due to the technology development, the average price will keep the trend in the few future years due to increasing mature manufacturing technology and lowing cost of raw materials.

The impact on the cost and availability of raw materials and certain components is uncertain due to potential supply changes. The costs of raw materials have a significant impact on the level of expenses. If the prices of raw materials and related factors such as energy prices increase, and if new companies cannot pass those price increases on to customers, their results of operations and financial condition would suffer.

With emerging economies growing faster, a strategy has been adopted by most leading vendors in the Non-Metallic Gasket Sheet market to approach these areas. QYR analysis of the Non-Metallic Gasket Sheet market indicated that China would account for the highest sales in 2022 with close to 27 percent of global sales coming from this region, and Asia has the highest growth rate. Vendors recognize the importance of this region, particularly in China, and are working towards penetrating this market by strengthening their sales and distribution networks.

6. Although the market competition of Non-Metallic Gasket Sheet is fierce globally, there are many enterprises can obtain considerable profit form the manufacturing and marketing of Non-Metallic Gasket Sheet and that is the reason that we believe there will also be enterprises enter this market. But it is suggested that enterprises those have plans to enter this industry have careful analysis of this market and the advantages or disadvantages of themselves.


According to this study, over the next five years the Non-Metallic Gasket Sheet market will register a 2.5% CAGR in terms of revenue, the global market size will reach US$ 4150 million by 2024, from US$ 3580 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Non-Metallic Gasket Sheet business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Non-Metallic Gasket Sheet market by product type, application, key manufacturers and key regions and countries.

This study considers the Non-Metallic Gasket Sheet value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Compressed Fiber
Non-Asbestos
PTFE
Graphite
Others
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Automotive
General Equipment
Electrical Equipment
Others

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
The Flexitallic Group
Freudenberg Sealing Technologies
Trelleborg
ElringKlinger
EnPro Industries
Nichias
Klinger Limited
Dana
Federal-Mogul
W. L. Gore and Associates
NIPPON VALQUA
Uchiyama Group
Parker Hannifin
PILLAR Packing
Frenzelit
Teadit
Sanwa Packing Industry
CPS
Lamons
Inertech, Inc
Sakagami Seisakusho

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Non-Metallic Gasket Sheet consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Non-Metallic Gasket Sheet market by identifying its various subsegments.
Focuses on the key global Non-Metallic Gasket Sheet manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Non-Metallic Gasket Sheet with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Non-Metallic Gasket Sheet submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.