Market Overview:
The global CAN and PTFE Gasket Sheet 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 CAN and PTFE gasket sheets in various end-use industries, such as chemical, food & beverage, pharmaceuticals, marine, water & wastewater treatment, oil & gas exploration and production (E&P), energy generation and mining. In addition, the growing awareness about the benefits of using CAN and PTFE gasket sheets is also contributing to the growth of this market.
Product Definition:
A CAN or PTFE gasket sheet is a thin piece of material that is used as a seal between two surfaces. The primary benefit of using a CAN or PTFE gasket sheet instead of traditional gaskets is that it can withstand high temperatures and pressures without breaking down. This makes it an ideal choice for applications where heat or pressure are present.
CNA (Compressed Non-Asbestos):
CNA is short for Compressed Non-Asbestos. It is a type of ceramic sheet material that has excellent mechanical properties and thermal resistance. CNA products are used in various industries including oil & gas, chemical processing, power generation, aerospace & defense and automotive industries owing to their high strength and abrasion resistance properties.
PTFE:
It has excellent chemical resistance, high tensile strength, and good abrasion resistance. PTFE is widely used in the manufacturing of gaskets for vacuum insulation systems (VCS), gas-insulated switchboard (GIS), and electrical insulation purposes in various industries such as power generation, oil & gas transmission and distribution sectors among others.
Application Insights:
The food & beverage application segment led the global market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The rising demand for packaged foods owing to changing consumer lifestyle coupled with an increasing number of retail outlets is expected to drive product demand in this application segment over the coming years.
CAN gaskets are used extensively across various applications including chemical, pharmaceutical, oil & gas, marine, water & wastewater and others which include electronics assembly plants and automotive manufacturing facilities among others. Growing industrialization along with population growth has resulted in spurring upsurge in construction activities particularly across developing countries such as India China etc., which will further propel CAN gasket sheet consumption during upcoming years.
Regional Analysis:
The Asia Pacific dominated the global market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing construction activities and growing industrialization across emerging economies such as China, India, Indonesia, Vietnam and Thailand. In addition, rising disposable income levels are anticipated to fuel product demand in this region.
China is one of the largest producers of chemicals globally along with being a major consumer for food & beverage products such as adhesives used for packaging applications on account of rapid industrialization coupled with economic growth has resulted in high consumption rates which will drive industry expansion over the coming years.
Europe accounted for a significant share followed by North America owing to extensive use of gaskets sheets within chemical processing industries due to their excellent properties including resistance against heat.
Growth Factors:
- Increasing demand from end-use industries: The global CAN and PTFE Gasket Sheet market is witnessing a significant growth due to the increasing demand from various end-use industries such as automotive, aerospace, marine, oil & gas, and others.
- Rising investments in R&D activities: Key players are investing heavily in R&D activities to develop new and innovative products that can cater to the growing needs of the consumers. This is expected to boost the growth of the global CAN and PTFE Gasket Sheet market in the coming years.
- Growing popularity of composites: The use of composites is increasing rapidly across various end-use industries owing to its properties such as lightweightness, high strength-to-weight ratio, corrosion resistance, etc. This is anticipated to drive the demand for CAN and PTFE Gasket Sheet in the near future.
- Technological advancements: The development of new technologies has led to significant improvements in manufacturing processes for CAN and PTFE Gasket Sheets products which is resulting into better quality products with enhanced performance characteristics.. This is likely to propelthe growthof thismarketin thenear future . 5
Scope Of The Report
Report Attributes
Report Details
Report Title
CAN and PTFE Gasket Sheet Market Research Report
By Type
CNA (Compressed Non-Asbestos), PTFE
By Application
Chemical, Food & Beverage, Pharmaceutical, Marine, Water & Wastewater, Oil & Gas, Energy, Mining, Others
By Companies
EnPro Industries (Garlock), Teadit, Flexitallic, Novus Sealing, KLINGER Group, Frenzelit, Durlon, Fibreflex, Lamons, Leader Gasket
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
179
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global CAN and PTFE Gasket Sheet Market Report Segments:
The global CAN and PTFE Gasket Sheet market is segmented on the basis of:
Types
CNA (Compressed Non-Asbestos), PTFE
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
Chemical, Food & Beverage, Pharmaceutical, Marine, Water & Wastewater, Oil & Gas, Energy, Mining, Others
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:
- EnPro Industries (Garlock)
- Teadit
- Flexitallic
- Novus Sealing
- KLINGER Group
- Frenzelit
- Durlon
- Fibreflex
- Lamons
- Leader Gasket
Highlights of The CAN and PTFE Gasket Sheet 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:
- CNA (Compressed Non-Asbestos)
- PTFE
- By Application:
- Chemical
- Food & Beverage
- Pharmaceutical
- Marine
- Water & Wastewater
- Oil & Gas
- Energy
- Mining
- Others
- 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 CAN and PTFE Gasket Sheet 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?
CAN is short for "carbon-nitrogen" and PTFE is short for "polytetrafluoroethylene." These materials are often used together in gasket sheets because they have a good sealant properties.
Some of the key players operating in the can and ptfe gasket sheet market are EnPro Industries (Garlock), Teadit, Flexitallic, Novus Sealing, KLINGER Group, Frenzelit, Durlon, Fibreflex, Lamons, Leader Gasket.
The can and ptfe gasket sheet 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 CAN and PTFE Gasket Sheet 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 CAN and PTFE Gasket Sheet Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 CAN and PTFE Gasket Sheet 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 CAN and PTFE Gasket Sheet 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 CAN and PTFE Gasket Sheet Market Size & Forecast, 2020-2028
4.5.1 CAN and PTFE Gasket Sheet Market Size and Y-o-Y Growth
4.5.2 CAN and PTFE Gasket Sheet Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 CNA (Compressed Non-Asbestos)
5.2.2 PTFE
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Chemical
6.2.2 Food & Beverage
6.2.3 Pharmaceutical
6.2.4 Marine
6.2.5 Water & Wastewater
6.2.6 Oil & Gas
6.2.7 Energy
6.2.8 Mining
6.2.9 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global CAN and PTFE Gasket Sheet 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 CAN and PTFE Gasket Sheet 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 CNA (Compressed Non-Asbestos)
9.6.2 PTFE
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 Market Size Forecast by Applications
9.10.1 Chemical
9.10.2 Food & Beverage
9.10.3 Pharmaceutical
9.10.4 Marine
9.10.5 Water & Wastewater
9.10.6 Oil & Gas
9.10.7 Energy
9.10.8 Mining
9.10.9 Others
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 CNA (Compressed Non-Asbestos)
10.6.2 PTFE
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 Market Size Forecast by Applications
10.10.1 Chemical
10.10.2 Food & Beverage
10.10.3 Pharmaceutical
10.10.4 Marine
10.10.5 Water & Wastewater
10.10.6 Oil & Gas
10.10.7 Energy
10.10.8 Mining
10.10.9 Others
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 CNA (Compressed Non-Asbestos)
11.6.2 PTFE
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 Market Size Forecast by Applications
11.10.1 Chemical
11.10.2 Food & Beverage
11.10.3 Pharmaceutical
11.10.4 Marine
11.10.5 Water & Wastewater
11.10.6 Oil & Gas
11.10.7 Energy
11.10.8 Mining
11.10.9 Others
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 CNA (Compressed Non-Asbestos)
12.6.2 PTFE
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 Market Size Forecast by Applications
12.10.1 Chemical
12.10.2 Food & Beverage
12.10.3 Pharmaceutical
12.10.4 Marine
12.10.5 Water & Wastewater
12.10.6 Oil & Gas
12.10.7 Energy
12.10.8 Mining
12.10.9 Others
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 CNA (Compressed Non-Asbestos)
13.6.2 PTFE
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) Market Size Forecast by Applications
13.10.1 Chemical
13.10.2 Food & Beverage
13.10.3 Pharmaceutical
13.10.4 Marine
13.10.5 Water & Wastewater
13.10.6 Oil & Gas
13.10.7 Energy
13.10.8 Mining
13.10.9 Others
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 CAN and PTFE Gasket Sheet Market: Competitive Dashboard
14.2 Global CAN and PTFE Gasket Sheet Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 EnPro Industries (Garlock)
14.3.2 Teadit
14.3.3 Flexitallic
14.3.4 Novus Sealing
14.3.5 KLINGER Group
14.3.6 Frenzelit
14.3.7 Durlon
14.3.8 Fibreflex
14.3.9 Lamons
14.3.10 Leader Gasket
