Market Overview:
The global braided packing material market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for braided packing material in various applications, such as pump packing, valve packing, and other applications. Braided packing material is made up of multiple strands of fiber that are woven together to form a pack or rope-like structure. This type of construction makes it more resistant to abrasion and compression than traditional packings made from one fiber strand. Braided packings are also available in different materials such as carbon, PTFE, graphite, asbestos, and PTFE blends that offer different properties depending on the application requirements.
Product Definition:
Braided packing material is a type of packing that uses braids of flexible materials to seal and protect joints and fittings. Braided packing material is often used in applications that require high pressure or high temperatures.
Carbon Packing:
Carbon packing is a process of filling the gaps between fibers with carbon fiber. It is used in various industries including automotive, aerospace and defense, wind energy, construction and electronics. The global market for carbon packing was estimated at USD 1.10 billion in 2016 which is anticipated to grow at a CAGR of XX% over the forecast period owing to its increasing demand across these industries as it helps reduce weight & cost while improving performance characteristics such as strength and durability.
PTFE Packing:
It also offers high tensile strength and abrasion resistance. PTFE packing is used in the manufacturing of braided packing materials on account of its superior properties including low friction coefficient, good thermal stability and heat resistance along with dimensional stability under extreme conditions.
Application Insights:
Pump packing dominated the global market in terms of revenue share in 2017. This is attributed to increasing demand for water treatment solutions across various end-use industries, such as chemical, oil & gas and food processing. Furthermore, growing focus on reducing energy consumption coupled with rising environmental concerns has driven the demand for efficient packing products that reduce energy loss during transportation and installation.
The valve packaging segment is expected to witness significant growth over the forecast period owing to its wide application scope including petrochemical plants, power generation facilities and industrial facilities among others. Growing infrastructure spending in emerging economies of Asia Pacific are likely to augment industry growth over the forecast period. Increasing use of valves packed with insulation materials such as carbon fiber blankets or pipes carrying high temperature liquids are anticipated to boost product demand globally over the next eight years from 2018-2030.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, and South Korea. Rapid industrialization coupled with increasing foreign investments in these countries has resulted in an increased demand for high-performance packing materials from various industries.
Growth Factors:
- Increasing demand from end-use industries such as oil & gas, chemical processing, and power generation
- Growing popularity of braided packing material in high-temperature and high-pressure applications
- Rising investments in research and development activities for the development of new and innovative products
- Proliferation of online retail platforms that offer a wide range of braided packing material products at competitive prices
- Growing number of mergers and acquisitions among key players to consolidate their market positions
Scope Of The Report
Report Attributes
Report Details
Report Title
Braided Packing Material Market Research Report
By Type
Carbon Packing, PTFE Packing, Graphite Packing, Asbestos Packing, PTFE Blends Packing, Other
By Application
Pump Packing, Valve Packing, Other
By Companies
Chesterton, BURGMANN INDUSTRIES, Slade, Carrara, JM, DONIT TESNIT, American Braiding & Manufacturing, Flexitallic, Garlock, Utex Industries, Chesterton, WL Gore&Associates, James Walker, Kempchen Dichtungstechnik, LATTY INTERNATIONAL, John Crane, SPECO, Nippon pillar, Teadit, Palmetto Packings, Lamons Gasket Company
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
151
Number of Tables & Figures
106
Customization Available
Yes, the report can be customized as per your need.
Global Braided Packing Material Market Report Segments:
The global Braided Packing Material market is segmented on the basis of:
Types
Carbon Packing, PTFE Packing, Graphite Packing, Asbestos Packing, PTFE Blends Packing, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Pump Packing, Valve Packing, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Chesterton
- BURGMANN INDUSTRIES
- Slade
- Carrara
- JM
- DONIT TESNIT
- American Braiding & Manufacturing
- Flexitallic
- Garlock
- Utex Industries
- Chesterton
- WL Gore&Associates
- James Walker
- Kempchen Dichtungstechnik
- LATTY INTERNATIONAL
- John Crane
- SPECO
- Nippon pillar
- Teadit
- Palmetto Packings
- Lamons Gasket Company
Highlights of The Braided Packing Material Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Carbon Packing
- PTFE Packing
- Graphite Packing
- Asbestos Packing
- PTFE Blends Packing
- Other
- By Application:
- Pump Packing
- Valve Packing
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Braided Packing Material Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Braided packing material is a type of packaging that is made up of multiple layers of tightly braided yarn. This type of packaging can be used to protect products from damage during shipping and storage. Braided packing material is often used in the food industry to package food items such as meat, poultry, and seafood.
Some of the key players operating in the braided packing material market are Chesterton, BURGMANN INDUSTRIES, Slade, Carrara, JM, DONIT TESNIT, American Braiding & Manufacturing, Flexitallic, Garlock, Utex Industries, Chesterton, WL Gore&Associates, James Walker, Kempchen Dichtungstechnik, LATTY INTERNATIONAL, John Crane, SPECO, Nippon pillar, Teadit, Palmetto Packings, Lamons Gasket Company.
The braided packing material market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Braided Packing Material Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Braided Packing Material Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Braided Packing Material Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Braided Packing Material Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Braided Packing Material Market Size & Forecast, 2018-2028
4.5.1 Braided Packing Material Market Size and Y-o-Y Growth
4.5.2 Braided Packing Material Market Absolute $ Opportunity
Chapter 5 Global Braided Packing Material Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Braided Packing Material Market Size Forecast by Type
5.2.1 Carbon Packing
5.2.2 PTFE Packing
5.2.3 Graphite Packing
5.2.4 Asbestos Packing
5.2.5 PTFE Blends Packing
5.2.6 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Braided Packing Material Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Braided Packing Material Market Size Forecast by Applications
6.2.1 Pump Packing
6.2.2 Valve Packing
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Braided Packing Material Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Braided Packing Material Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Braided Packing Material Analysis and Forecast
9.1 Introduction
9.2 North America Braided Packing Material Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Braided Packing Material Market Size Forecast by Type
9.6.1 Carbon Packing
9.6.2 PTFE Packing
9.6.3 Graphite Packing
9.6.4 Asbestos Packing
9.6.5 PTFE Blends Packing
9.6.6 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Braided Packing Material Market Size Forecast by Applications
9.10.1 Pump Packing
9.10.2 Valve Packing
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Braided Packing Material Analysis and Forecast
10.1 Introduction
10.2 Europe Braided Packing Material Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Braided Packing Material Market Size Forecast by Type
10.6.1 Carbon Packing
10.6.2 PTFE Packing
10.6.3 Graphite Packing
10.6.4 Asbestos Packing
10.6.5 PTFE Blends Packing
10.6.6 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Braided Packing Material Market Size Forecast by Applications
10.10.1 Pump Packing
10.10.2 Valve Packing
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Braided Packing Material Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Braided Packing Material Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Braided Packing Material Market Size Forecast by Type
11.6.1 Carbon Packing
11.6.2 PTFE Packing
11.6.3 Graphite Packing
11.6.4 Asbestos Packing
11.6.5 PTFE Blends Packing
11.6.6 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Braided Packing Material Market Size Forecast by Applications
11.10.1 Pump Packing
11.10.2 Valve Packing
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Braided Packing Material Analysis and Forecast
12.1 Introduction
12.2 Latin America Braided Packing Material Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Braided Packing Material Market Size Forecast by Type
12.6.1 Carbon Packing
12.6.2 PTFE Packing
12.6.3 Graphite Packing
12.6.4 Asbestos Packing
12.6.5 PTFE Blends Packing
12.6.6 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Braided Packing Material Market Size Forecast by Applications
12.10.1 Pump Packing
12.10.2 Valve Packing
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Braided Packing Material Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Braided Packing Material Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Braided Packing Material Market Size Forecast by Type
13.6.1 Carbon Packing
13.6.2 PTFE Packing
13.6.3 Graphite Packing
13.6.4 Asbestos Packing
13.6.5 PTFE Blends Packing
13.6.6 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Braided Packing Material Market Size Forecast by Applications
13.10.1 Pump Packing
13.10.2 Valve Packing
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Braided Packing Material Market: Competitive Dashboard
14.2 Global Braided Packing Material Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Chesterton
14.3.2 BURGMANN INDUSTRIES
14.3.3 Slade
14.3.4 Carrara
14.3.5 JM
14.3.6 DONIT TESNIT
14.3.7 American Braiding & Manufacturing
14.3.8 Flexitallic
14.3.9 Garlock
14.3.10 Utex Industries
14.3.11 Chesterton
14.3.12 WL Gore&Associates
14.3.13 James Walker
14.3.14 Kempchen Dichtungstechnik
14.3.15 LATTY INTERNATIONAL
14.3.16 John Crane
14.3.17 SPECO
14.3.18 Nippon pillar
14.3.19 Teadit
14.3.20 Palmetto Packings
14.3.21 Lamons Gasket Company
