India Industrial Gaskets Market Growth Analysis - Forecast Trends and Outlook (2025-2034)

The India industrial gaskets market witnessed a healthy growth in the historical period of 2018-2024. The India industrial gaskets industry is expected to grow at a CAGR of 6.00% in the forecast period of 2025-2034.

Booming Manufacturing Sector to Aid the Market Growth of Industrial Gaskets in India

The India industrial gaskets industry is being led by the increasing power generation in the country to meet the increasing power demand. Further, the positive business conditions in the Indian manufacturing sector are boosting the market growth in the country. In addition to this, the Make in India drive is helping India become the hub for hi-tech manufacturing as many global giants have either set up or are in the process of setting up manufacturing plants in India supported by the growing population and an increasing purchasing power.

This is predicted to favour the market growth of industrial gaskets. Also, the Government of India is taking several initiatives to promote a healthy environment for the development of the manufacturing sector in the country, consequently boosting the industrial gaskets market in India.

Industrial Gasket: Market Segmentation

Industrial gaskets work as static seals between two non-mobile flat flanges. They are key components of industrial applications tasked to assist seal joints in limiting vibration, enhancing mounting, and preventing leaks. Industrial gaskets are manufactured using materials that can tolerate high rates of compression like rubber, graphite, nitrite, and neoprene.

Market Breakup by Material Type

• Semi-Metallic
• Non-Metallic
• Metallic

Market Breakup by Product Type

• Soft
• Corrugated
• Spiral Wound
• Ring Joint
• Kammprofile
• Others

Market Breakup by End Use

• Refineries
• Power Generation
• Chemical Processing
• Industrial Machinery
• Pulp and Paper
• Others

Flourishing Automotive Industry to Aid the Market Growth of Industrial Gaskets in India

The market growth of the industrial gaskets in India is driven by the robust growth of the refineries segment in recent years. The growth of this segment can be attributed to the growing requirement of sealing products to prevent leakages of hazardous chemicals and toxins into the environment. In addition, the flourishing automotive industry, along with the growing product utilization in the plumbing and construction sector, is expected to aid the market growth over the forecast period. Further, due to robust industrialisation and rapid urbanisation in the country, the manufacturing plants and factories that use gaskets are increasing - thereby facilitating market growth.

The market is further supported by certain factors like the extensive application of industrial gaskets in multiple end-use industries, rising consumption of PTFE gaskets, increasing demand from oil & gas production-related facilities in GCC countries, strict regulations regarding leakage implemented by the Environmental Protection Agency to safeguard against any environmental damage, which are bolstering the market growth. However, the market growth was negatively affected in 2020 due to the COVID-19 outbreak, which severely disrupted the value chain. The market may gradually recover over the forecast period due to government initiatives aimed at reviving the economy.

Key Industry Players in the India Industrial Gaskets Market

The report gives a detailed analysis of the following key players in the India industrial gaskets market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• IGP Group
• Goodrich Gasket Private Limited
• STARFLEX Co., LTD
• Crown Gaskets Pvt. Ltd.
• Sealmax
• Champion Seals India Pvt Ltd
• Inseal International Pvt. Limited
• Jay Gaskets Pvt. Ltd
• Asian Sealing Products Private Limited
• Others

The comprehensive report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. We at Expert Market Research always thrive to give you the latest information.