Market Overview:
The global industrial valve cover gasket market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for industrial valves in various process and discrete industries across the globe. In addition, the growing awareness about energy conservation is also propelling the demand for industrial valves, which in turn is fueling the growth of the global industrial valve cover gasket market. Based on type, non-metallic gaskets are expected to hold a major share of the global industrial valve cover gasket market during 2018-2030. This can be attributed to their low cost and easy installation as compared to other types of gaskets such as metallic and graphite gaskets. However, metallic and graphite based covers are more durable than non-metallic ones and offer better resistance against high temperatures and corrosion, which is likely to boost their demand over the forecast period. Based on application, process industries are anticipated account for a larger share of revenue generated by sales of industrial valve cover gaskets during 2018-2030 owing higher adoption rates across various manufacturing sectors such as oil & gas refineries, chemical processing plants etcetera .
Product Definition:
An industrial valve cover gasket is a type of sealant that is used to prevent leaks from occurring between the cover and the body of a valve. This type of gasket is typically made from a rubber or elastomeric material, and it helps to ensure that the two components are properly aligned and sealed together.
Non Metallic Gasket:
Non metallic gasket is a type of sealing element that is used in various applications such as valve cover gaskets. It has certain advantages over the traditional metallic gasket, which includes high resistance to chemicals and heat. Also, it can be installed without removing the engine from the vehicle which makes it convenient for installation and maintenance purposes.
Semi Metallic Gasket:
A semi metallic gasket is a sealing device made up of two metal plates joined by an elastomeric material. The material used to make the gasket is usually silicone based but it can be varied as per requirement. They are widely used in process industries where there is a high probability of aggressive chemicals, heat and steam environment, and pressure fluctuations being present.
Application Insights:
The process industries segment dominated the global valve cover gasket market in terms of revenue share in 2017. The growth can be attributed to the increasing demand for industrial valves across various application industries such as oil & gas, chemical, petrochemical, power generation and pharmaceuticals. In addition, growing investments by governments in infrastructure development are expected to boost industrialization and thereby increase product demand over the forecast period.
The discrete industries include construction industry where products are used for a variety of applications including water supply systems and drainage systems among others. Growing urbanization has resulted in an increased need for construction activities which is anticipated to drive product demand from 2018 to 2030.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to rising demand from end-use industries such as petrochemicals, oil & gas, power generation, food & beverage and others. China is one of the major manufacturing hubs for valve covers in this region owing to low production cost coupled with availability of skilled labor at economical costs.
The Asia Pacific market was followed by Europe which accounted for a revenue share of 22% in 2017 on account of high consumption levels from key end-use sectors such as chemical processing and power generation. Growing demand for energy efficient products along with stringent government regulations regarding carbon emission has resulted into increased consumption levels across this region during the forecast period.
North America emerged as a significant consumer due to presence of prominent valve cover manufacturers coupled with growing awareness about product benefits among consumers including improved engine performance leading to higher sales volumes across all application segments including discrete industries such as automotive.
Growth Factors:
- Increasing demand from the oil and gas industry
- Growing investments in the infrastructure sector
- Rising demand for energy-efficient valves
- Technological advancements in valve cover gasket manufacturing process
- Growing awareness about the benefits of using industrial valve cover gaskets
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Valve Cover Gasket Market Research Report
By Type
Non Metallic Gasket, Semi Metallic Gasket, Metallic Gasket, Graphite Gasket, PTFE Gasket
By Application
Process industries, Discrete industries
By Companies
Caterpillar, Cummins, Dana Incorporated, Mitsubishi Heavy Industries, Nipparts, Daimler Trucks North America, DEUTZ, ISUZU Motors, John Deere, Caterpillar
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
129
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Valve Cover Gasket Market Report Segments:
The global Industrial Valve Cover Gasket market is segmented on the basis of:
Types
Non Metallic Gasket, Semi Metallic Gasket, Metallic Gasket, Graphite Gasket, PTFE Gasket
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
Process industries, Discrete industries
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:
- Caterpillar
- Cummins
- Dana Incorporated
- Mitsubishi Heavy Industries
- Nipparts
- Daimler Trucks North America
- DEUTZ
- ISUZU Motors
- John Deere
- Caterpillar
Highlights of The Industrial Valve Cover Gasket 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:
- Non Metallic Gasket
- Semi Metallic Gasket
- Metallic Gasket
- Graphite Gasket
- PTFE Gasket
- By Application:
- Process industries
- Discrete industries
- 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 Industrial Valve Cover Gasket 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
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- Consumer Insights
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- Product & Brand Management
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- 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?
Industrial valve cover gasket is a type of sealant used to keep dirt, dust, and other particles from entering the engine. It also helps to prevent water from leaking into the engine.
Some of the major companies in the industrial valve cover gasket market are Caterpillar, Cummins, Dana Incorporated, Mitsubishi Heavy Industries, Nipparts, Daimler Trucks North America, DEUTZ, ISUZU Motors, John Deere, Caterpillar.
The industrial valve cover gasket market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Industrial Valve Cover Gasket 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 Industrial Valve Cover Gasket Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial Valve Cover Gasket 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 Industrial Valve Cover Gasket 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 Industrial Valve Cover Gasket Market Size & Forecast, 2018-2028
4.5.1 Industrial Valve Cover Gasket Market Size and Y-o-Y Growth
4.5.2 Industrial Valve Cover Gasket Market Absolute $ Opportunity
Chapter 5 Global Industrial Valve Cover Gasket 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 Industrial Valve Cover Gasket Market Size Forecast by Type
5.2.1 Non Metallic Gasket
5.2.2 Semi Metallic Gasket
5.2.3 Metallic Gasket
5.2.4 Graphite Gasket
5.2.5 PTFE Gasket
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Industrial Valve Cover Gasket 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 Industrial Valve Cover Gasket Market Size Forecast by Applications
6.2.1 Process industries
6.2.2 Discrete industries
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial Valve Cover Gasket 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 Industrial Valve Cover Gasket 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 Industrial Valve Cover Gasket Analysis and Forecast
9.1 Introduction
9.2 North America Industrial Valve Cover Gasket 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 Industrial Valve Cover Gasket Market Size Forecast by Type
9.6.1 Non Metallic Gasket
9.6.2 Semi Metallic Gasket
9.6.3 Metallic Gasket
9.6.4 Graphite Gasket
9.6.5 PTFE Gasket
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 Industrial Valve Cover Gasket Market Size Forecast by Applications
9.10.1 Process industries
9.10.2 Discrete industries
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 Industrial Valve Cover Gasket Analysis and Forecast
10.1 Introduction
10.2 Europe Industrial Valve Cover Gasket 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 Industrial Valve Cover Gasket Market Size Forecast by Type
10.6.1 Non Metallic Gasket
10.6.2 Semi Metallic Gasket
10.6.3 Metallic Gasket
10.6.4 Graphite Gasket
10.6.5 PTFE Gasket
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 Industrial Valve Cover Gasket Market Size Forecast by Applications
10.10.1 Process industries
10.10.2 Discrete industries
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 Industrial Valve Cover Gasket Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Industrial Valve Cover Gasket 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 Industrial Valve Cover Gasket Market Size Forecast by Type
11.6.1 Non Metallic Gasket
11.6.2 Semi Metallic Gasket
11.6.3 Metallic Gasket
11.6.4 Graphite Gasket
11.6.5 PTFE Gasket
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 Industrial Valve Cover Gasket Market Size Forecast by Applications
11.10.1 Process industries
11.10.2 Discrete industries
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 Industrial Valve Cover Gasket Analysis and Forecast
12.1 Introduction
12.2 Latin America Industrial Valve Cover Gasket 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 Industrial Valve Cover Gasket Market Size Forecast by Type
12.6.1 Non Metallic Gasket
12.6.2 Semi Metallic Gasket
12.6.3 Metallic Gasket
12.6.4 Graphite Gasket
12.6.5 PTFE Gasket
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 Industrial Valve Cover Gasket Market Size Forecast by Applications
12.10.1 Process industries
12.10.2 Discrete industries
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) Industrial Valve Cover Gasket Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Industrial Valve Cover Gasket 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) Industrial Valve Cover Gasket Market Size Forecast by Type
13.6.1 Non Metallic Gasket
13.6.2 Semi Metallic Gasket
13.6.3 Metallic Gasket
13.6.4 Graphite Gasket
13.6.5 PTFE Gasket
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) Industrial Valve Cover Gasket Market Size Forecast by Applications
13.10.1 Process industries
13.10.2 Discrete industries
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 Industrial Valve Cover Gasket Market: Competitive Dashboard
14.2 Global Industrial Valve Cover Gasket Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Caterpillar
14.3.2 Cummins
14.3.3 Dana Incorporated
14.3.4 Mitsubishi Heavy Industries
14.3.5 Nipparts
14.3.6 Daimler Trucks North America
14.3.7 DEUTZ
14.3.8 ISUZU Motors
14.3.9 John Deere
14.3.10 Caterpillar
