DUBLIN--(BUSINESS WIRE)--The "Global Advanced Fiber-based Gasket Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.
The advanced fiber-based gasket market will register a CAGR of almost 4% by 2023.
The growth in the global oil and gas and petrochemical refineries is one of the critical reasons that will drive the advanced fiber-based gasket market. The increase in investments in oil and gas and petrochemical refining facilities have a positive impact on the adoption of advanced fiber-based gaskets. This is because these gaskets have high chemical resistivity and can withstand a wide range of temperatures. The increase in global refinery capacity resulting from the expansion in existing refinery complexes and the addition of new refineries will further drive the advanced fiber-based gasket market during the forecast period.
Adoption of advanced fiber-based gaskets to improve the performance of engineering equipment
One of the growth drivers of the global advanced fiber-based gasket market is the adoption of advanced fiber-based gaskets to improve the performance of engineering. The demand for advanced fiber-based gaskets is expected to increase owing to new equipment and aftermarket sales, which is driven by the need for replacement components for existing metallic gaskets.
The increasing use of adhesives and sealants
One of the challenges in the growth of the global advanced fiber-based gasket market is the increasing use of adhesives and sealants. The growing market for adhesives and sealants, coupled with improvements in sealant technology, is expected to hinder the growth of the global advanced fiber-based gasket market during the forecast period.
The market appears to be highly fragmented with the presence of several market players. Vendors in the market are investing in R&D of high-performance materials and coatings for gasket and seals, which can help them gain a competitive edge in the market. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies.
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY APPLICATION
- Market segmentation by application
- Comparison by application
- Chemicals - Market size and forecast 2018-2023
- Industrial machinery - Market size and forecast 2018-2023
- Electrical and electronics - Market size and forecast 2018-2023
- Other applications - Market size and forecast 2018-2023
- Market opportunity by application
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
- Landscape disruption
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- ElringKlinger AG
- Freudenberg Group
- PARKER HANNIFIN CORP
- Tenneco Inc.
- Trelleborg AB
PART 14: APPENDIX
For more information about this report visit https://www.researchandmarkets.com/r/ypqkb0