The graphite packing market was valued at $396.2 million in 2021, and is projected to reach $661.0 million by 2031, growing at a CAGR of 5.3% from 2022 to 2031.
Graphite is an inorganic, black-colored type of pure carbon that can be combined with PTFE yarn to produce yarn with exceptional characteristics. suitable for usage as a general valve and pump packing in a variety of industries, including refineries, gas plants, petrochemical facilities, chemical plants, and factories that process chemicals. Pumps and valves in steam applications use expanded graphite packing. Graphite packings are created by braiding premium graphite yarns. They have very little friction between them. Heat can be conducted via packings made of graphite. For agitators, valves, and shafts that handle chemicals, and acids graphite packings are appropriate. In addition, they are employed in situations including high temperatures, increased shaft speed, and high pressure. High-temperature valves and steam turbines both uses expanded graphite packings. Asbestos packings can easily be replaced with expanded graphite packings. Graphite packings have several advantages, including rapid and easy maintenance. Graphite packings can be treated with PTFE to get better benefits such as preventing color contamination, gaining better stability, etc. Both graphite, as well as PTFE packings, are cost-effective as they both are durable and require low maintenance.
Valves and pumps are used in various industries including water and wastewater treatment, chemical, oil & gas, and power industry among others. Valve packing is a component in a valve that forms a pressure seal between the inside valve and the outside of the valve, keeping the process fluid from leaking out. The packing in pumps is often made to allow some leakage between the sleeve/shaft and packing to offer lubrication and heat evacuation owing to the revolving sleeve. With process temperature changes or simply seasonal ambient temperatures, the packing will eventually deteriorate, relax, or become loose and start to leak. In addition, any process fluid that spills out of a valve can be expensive, untidy, and potentially dangerous to human health and the environment.
Flexible graphite packing provides an alternative to pre-formed graphite rings. Flexible graphite packings are used in high-pressure and high-temperature environments prevailing in power plants, boilers, refineries, steel mills, and the petrochemical industry. Increased demand from power plants and the petrochemical industry is the primary factor driving the demand for flexible graphite packings. High-quality and high-purity graphite packings are advantageous to refinery operators. Due to the high purity of the yarns, it offers a rare combination of tightness and heat dispersion, exceptional high-temperature and chemical resistance, as well as decreased process contamination. The foundation of an industrial economy is petrochemical production, which is essential to numerous industrial operations. The need for petrochemicals is being driven by an increase in demand for downstream products from a variety of end-use industries, including construction, medicines, and automotive. The increase in population in developing regions of Asia-Pacific and the Middle East is expected to create lucrative opportunities for the graphite packing market. An increase in population is anticipated to drive demand for power, petroleum-based products, and water treatment facilities. These factors are projected to boost the demand for refineries, and power plants thus boosting the demand for graphite packing.
The graphite packing market is segmented on the basis of type, application, and region. On the basis of type, flexible graphite packing, reinforced graphite packing, and others. The reinforced graphite packing segment is projected as the fastest-growing segment.
On the basis of application, the market is categorized into refineries, power plants, chemical manufacturing, and others. The power plant segment is projected as the fastest-growing segment. On the basis of region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Major players operating in the global graphite packing market include Garlock Sealing Technologies, Sunwell Seals, Phelps Industrial Products, Klinger Limited, Sealmax, Mineral Seal Corporation, W. L. Gore and Associates, Cixi Xinsheng Seal Factory, Marshall packing and Insulation Industrie and Hysesaling
Graphite is an inorganic, black-colored type of pure carbon that can be combined with PTFE yarn to produce yarn with exceptional characteristics. suitable for usage as a general valve and pump packing in a variety of industries, including refineries, gas plants, petrochemical facilities, chemical plants, and factories that process chemicals. Pumps and valves in steam applications use expanded graphite packing. Graphite packings are created by braiding premium graphite yarns. They have very little friction between them. Heat can be conducted via packings made of graphite. For agitators, valves, and shafts that handle chemicals, and acids graphite packings are appropriate. In addition, they are employed in situations including high temperatures, increased shaft speed, and high pressure. High-temperature valves and steam turbines both uses expanded graphite packings. Asbestos packings can easily be replaced with expanded graphite packings. Graphite packings have several advantages, including rapid and easy maintenance. Graphite packings can be treated with PTFE to get better benefits such as preventing color contamination, gaining better stability, etc. Both graphite, as well as PTFE packings, are cost-effective as they both are durable and require low maintenance.
Valves and pumps are used in various industries including water and wastewater treatment, chemical, oil & gas, and power industry among others. Valve packing is a component in a valve that forms a pressure seal between the inside valve and the outside of the valve, keeping the process fluid from leaking out. The packing in pumps is often made to allow some leakage between the sleeve/shaft and packing to offer lubrication and heat evacuation owing to the revolving sleeve. With process temperature changes or simply seasonal ambient temperatures, the packing will eventually deteriorate, relax, or become loose and start to leak. In addition, any process fluid that spills out of a valve can be expensive, untidy, and potentially dangerous to human health and the environment.
Flexible graphite packing provides an alternative to pre-formed graphite rings. Flexible graphite packings are used in high-pressure and high-temperature environments prevailing in power plants, boilers, refineries, steel mills, and the petrochemical industry. Increased demand from power plants and the petrochemical industry is the primary factor driving the demand for flexible graphite packings. High-quality and high-purity graphite packings are advantageous to refinery operators. Due to the high purity of the yarns, it offers a rare combination of tightness and heat dispersion, exceptional high-temperature and chemical resistance, as well as decreased process contamination. The foundation of an industrial economy is petrochemical production, which is essential to numerous industrial operations. The need for petrochemicals is being driven by an increase in demand for downstream products from a variety of end-use industries, including construction, medicines, and automotive. The increase in population in developing regions of Asia-Pacific and the Middle East is expected to create lucrative opportunities for the graphite packing market. An increase in population is anticipated to drive demand for power, petroleum-based products, and water treatment facilities. These factors are projected to boost the demand for refineries, and power plants thus boosting the demand for graphite packing.
The graphite packing market is segmented on the basis of type, application, and region. On the basis of type, flexible graphite packing, reinforced graphite packing, and others. The reinforced graphite packing segment is projected as the fastest-growing segment.
On the basis of application, the market is categorized into refineries, power plants, chemical manufacturing, and others. The power plant segment is projected as the fastest-growing segment. On the basis of region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Major players operating in the global graphite packing market include Garlock Sealing Technologies, Sunwell Seals, Phelps Industrial Products, Klinger Limited, Sealmax, Mineral Seal Corporation, W. L. Gore and Associates, Cixi Xinsheng Seal Factory, Marshall packing and Insulation Industrie and Hysesaling
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the graphite packing market analysis from 2021 to 2031 to identify the prevailing graphite packing market opportunities.
- Market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
- An in-depth analysis of the graphite packing market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes an analysis of the regional as well as global graphite packing market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Packing Type
- Flexible Graphite Packing
- Reinforced Graphite Packing
- Others
By Application
- Refineries
- Power Plants
- Chemical Manufacturing
- Others
By Region
- North America
- U. S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Phelps Industrial Products
- klinger limited
- Mineral Seal Corporation
- W. L. Gore & Associates, Inc.
- Sunwell Seals
- Sealmax
- Cixi Xinsheng Seal Factory
- Shri Rangaa Asbestos Company
- Garlock Sealing Technologies
- Marshall packing and Insulation Industries
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Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
3.7. Pricing Analysis
3.8. Value Chain Analysis
3.9. Key Regulation Analysis
3.10. Patent Landscape
CHAPTER 4: GRAPHITE PACKING MARKET, BY PACKING TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Flexible Graphite Packing
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market share analysis by country
4.3 Reinforced Graphite Packing
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market share analysis by country
4.4 Others
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market share analysis by country
CHAPTER 5: GRAPHITE PACKING MARKET, BY APPLICATION
5.1 Overview
5.1.1 Market size and forecast
5.2 Refineries
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market share analysis by country
5.3 Power Plants
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market share analysis by country
5.4 Chemical Manufacturing
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market share analysis by country
5.5 Others
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market share analysis by country
CHAPTER 6: GRAPHITE PACKING MARKET, BY REGION
6.1 Overview
6.1.1 Market size and forecast
6.2 North America
6.2.1 Key trends and opportunities
6.2.2 North America Market size and forecast, by Packing Type
6.2.3 North America Market size and forecast, by Application
6.2.4 North America Market size and forecast, by country
6.2.4.1 U. S.
6.2.4.1.1 Key market trends, growth factors and opportunities
6.2.4.1.2 Market size and forecast, by Packing Type
6.2.4.1.3 Market size and forecast, by Application
6.2.4.2 Canada
6.2.4.2.1 Key market trends, growth factors and opportunities
6.2.4.2.2 Market size and forecast, by Packing Type
6.2.4.2.3 Market size and forecast, by Application
6.2.4.3 Mexico
6.2.4.3.1 Key market trends, growth factors and opportunities
6.2.4.3.2 Market size and forecast, by Packing Type
6.2.4.3.3 Market size and forecast, by Application
6.3 Europe
6.3.1 Key trends and opportunities
6.3.2 Europe Market size and forecast, by Packing Type
6.3.3 Europe Market size and forecast, by Application
6.3.4 Europe Market size and forecast, by country
6.3.4.1 Germany
6.3.4.1.1 Key market trends, growth factors and opportunities
6.3.4.1.2 Market size and forecast, by Packing Type
6.3.4.1.3 Market size and forecast, by Application
6.3.4.2 UK
6.3.4.2.1 Key market trends, growth factors and opportunities
6.3.4.2.2 Market size and forecast, by Packing Type
6.3.4.2.3 Market size and forecast, by Application
6.3.4.3 France
6.3.4.3.1 Key market trends, growth factors and opportunities
6.3.4.3.2 Market size and forecast, by Packing Type
6.3.4.3.3 Market size and forecast, by Application
6.3.4.4 Spain
6.3.4.4.1 Key market trends, growth factors and opportunities
6.3.4.4.2 Market size and forecast, by Packing Type
6.3.4.4.3 Market size and forecast, by Application
6.3.4.5 Italy
6.3.4.5.1 Key market trends, growth factors and opportunities
6.3.4.5.2 Market size and forecast, by Packing Type
6.3.4.5.3 Market size and forecast, by Application
6.3.4.6 Rest of Europe
6.3.4.6.1 Key market trends, growth factors and opportunities
6.3.4.6.2 Market size and forecast, by Packing Type
6.3.4.6.3 Market size and forecast, by Application
6.4 Asia-Pacific
6.4.1 Key trends and opportunities
6.4.2 Asia-Pacific Market size and forecast, by Packing Type
6.4.3 Asia-Pacific Market size and forecast, by Application
6.4.4 Asia-Pacific Market size and forecast, by country
6.4.4.1 China
6.4.4.1.1 Key market trends, growth factors and opportunities
6.4.4.1.2 Market size and forecast, by Packing Type
6.4.4.1.3 Market size and forecast, by Application
6.4.4.2 India
6.4.4.2.1 Key market trends, growth factors and opportunities
6.4.4.2.2 Market size and forecast, by Packing Type
6.4.4.2.3 Market size and forecast, by Application
6.4.4.3 Japan
6.4.4.3.1 Key market trends, growth factors and opportunities
6.4.4.3.2 Market size and forecast, by Packing Type
6.4.4.3.3 Market size and forecast, by Application
6.4.4.4 South Korea
6.4.4.4.1 Key market trends, growth factors and opportunities
6.4.4.4.2 Market size and forecast, by Packing Type
6.4.4.4.3 Market size and forecast, by Application
6.4.4.5 Australia
6.4.4.5.1 Key market trends, growth factors and opportunities
6.4.4.5.2 Market size and forecast, by Packing Type
6.4.4.5.3 Market size and forecast, by Application
6.4.4.6 Rest of Asia-Pacific
6.4.4.6.1 Key market trends, growth factors and opportunities
6.4.4.6.2 Market size and forecast, by Packing Type
6.4.4.6.3 Market size and forecast, by Application
6.5 LAMEA
6.5.1 Key trends and opportunities
6.5.2 LAMEA Market size and forecast, by Packing Type
6.5.3 LAMEA Market size and forecast, by Application
6.5.4 LAMEA Market size and forecast, by country
6.5.4.1 Brazil
6.5.4.1.1 Key market trends, growth factors and opportunities
6.5.4.1.2 Market size and forecast, by Packing Type
6.5.4.1.3 Market size and forecast, by Application
6.5.4.2 Saudi Arabia
6.5.4.2.1 Key market trends, growth factors and opportunities
6.5.4.2.2 Market size and forecast, by Packing Type
6.5.4.2.3 Market size and forecast, by Application
6.5.4.3 South Africa
6.5.4.3.1 Key market trends, growth factors and opportunities
6.5.4.3.2 Market size and forecast, by Packing Type
6.5.4.3.3 Market size and forecast, by Application
6.5.4.4 Rest of LAMEA
6.5.4.4.1 Key market trends, growth factors and opportunities
6.5.4.4.2 Market size and forecast, by Packing Type
6.5.4.4.3 Market size and forecast, by Application
CHAPTER 7: COMPANY LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Players
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Key developments
CHAPTER 8: COMPANY PROFILES
8.1 Garlock Sealing Technologies
8.1.1 Company overview
8.1.2 Company snapshot
8.1.3 Operating business segments
8.1.4 Product portfolio
8.1.5 Business performance
8.1.6 Key strategic moves and developments
8.2 Sunwell Seals
8.2.1 Company overview
8.2.2 Company snapshot
8.2.3 Operating business segments
8.2.4 Product portfolio
8.2.5 Business performance
8.2.6 Key strategic moves and developments
8.3 Phelps Industrial Products
8.3.1 Company overview
8.3.2 Company snapshot
8.3.3 Operating business segments
8.3.4 Product portfolio
8.3.5 Business performance
8.3.6 Key strategic moves and developments
8.4 klinger limited
8.4.1 Company overview
8.4.2 Company snapshot
8.4.3 Operating business segments
8.4.4 Product portfolio
8.4.5 Business performance
8.4.6 Key strategic moves and developments
8.5 Sealmax
8.5.1 Company overview
8.5.2 Company snapshot
8.5.3 Operating business segments
8.5.4 Product portfolio
8.5.5 Business performance
8.5.6 Key strategic moves and developments
8.6 Mineral Seal Corporation
8.6.1 Company overview
8.6.2 Company snapshot
8.6.3 Operating business segments
8.6.4 Product portfolio
8.6.5 Business performance
8.6.6 Key strategic moves and developments
8.7 Cixi Xinsheng Seal Factory
8.7.1 Company overview
8.7.2 Company snapshot
8.7.3 Operating business segments
8.7.4 Product portfolio
8.7.5 Business performance
8.7.6 Key strategic moves and developments
8.8 W. L. Gore & Associates, Inc.
8.8.1 Company overview
8.8.2 Company snapshot
8.8.3 Operating business segments
8.8.4 Product portfolio
8.8.5 Business performance
8.8.6 Key strategic moves and developments
8.9 Marshall packing and Insulation Industries
8.9.1 Company overview
8.9.2 Company snapshot
8.9.3 Operating business segments
8.9.4 Product portfolio
8.9.5 Business performance
8.9.6 Key strategic moves and developments
8.10 Shri Rangaa Asbestos Company
8.10.1 Company overview
8.10.2 Company snapshot
8.10.3 Operating business segments
8.10.4 Product portfolio
8.10.5 Business performance
8.10.6 Key strategic moves and developments
Executive Summary
According to this report, titled, 'Graphite Packing Market,' the graphite packing market was valued at $396.20 million in 2021, and is estimated to reach $661 million by 2031, growing at a CAGR of 5.3% from 2022 to 2031.Graphite packings are corrosion-resistant, self-lubricating, dimensionally stable, and impenetrable to gases and liquids. Graphite packings provide exceptional sealing performance in harsh environments, extending equipment life and requiring less maintenance. In particular, in situations of high speed and high pressure, graphite gland packings are ideally suited for the dynamic sealing of centrifugal pumps for water, petroleum derivatives, and other chemicals. For high-pressure and temperature seals, graphite packings are additionally used. The graphite that serves as the foundation for graphite packing has an incredibly low coefficient of friction, high thermal conductivity and sliding velocity, good chemical resistance, and maintains its soft, malleable characteristics even under extreme heat and pressure.
Graphite packing goods, which are made of exceptionally pure graphite, provide unparalleled service in industrial settings where scorching temperatures and crushing pressures regularly cause conventional packing to fail. The carbon fiber yarn used to create the supplied carbon fiber gland packing is later impregnated with PTFE dispersion. Carbon fiber, which offers outstanding thermal stability, amazing strength, and tremendous resistance, is used as the primary raw material in the production of gland packing. This carbon fiber braided packing that is impregnated with dispersion PTFE is made of pre-oxidized fibers which have high strength and good thermal conductivity, and PTFE makes it with excellent self-lubrification.
Graphite packing is widely used in high temperature & pressure environments such as refineries, paper, and pulp mills, petrochemical plants, power plants, and wastewater treatment facilities. To withstand extremely high temperatures and high pressures for static application, braided graphite packing produced from exfoliated graphite yarn with corrosion inhibitor properties and a unique lubricant is reinforced with stainless steel or Inconel wire. It has high thermal conductivity and a low coefficient of friction.
The most popular soft sealing material for high-temperature applications right now is expanded graphite. It is used to create a range of flat gaskets, including spiral wound gaskets, serrated gaskets, and graphite gaskets with strengthened steel inserts, as well as die-pressed rings to seal the stems of various types of valves. The refining, petrochemical, chemical, and thermal power sectors are the principal application areas for these graphite-based seals. These industries feature a mix of essential operating conditions, such as high temperatures, pressure, flammability, risk of explosion, and media toxicity. For both seal providers and operators, the longevity and dependability of seals are of the utmost importance in such circumstances. Users want independent performance verification because the effectiveness of the graphite utilized is largely dependent on its quality.
Graphite packing material is produced using flake graphite. High purity and processing must be applied to the graphite that will be utilized in the graphite packing. The purification level of graphite must be reached. Because the purifying process is highly expensive, spherical graphite costs about two to three times as much as flake graphite. In addition, there are a lot of waste byproducts from the process that needs to be carefully controlled to prevent pollution. Increased export duty on graphite in China to promote domestic demand will hinder the graphite packing market growth.
The increase in population in developing regions of Asia-Pacific and the Middle East is expected to create lucrative opportunities for the graphite packing market. An increase in population is anticipated to drive demand for power, petroleum-based products, and water treatment facilities. These factors are projected to boost the demand for refineries, and power plants thus boosting the demand for graphite packing.China and India are expected to serve as the top investment pockets in the coming years for investors to capitalize in the future. This is attributed to the fact that India and China are the most significant country in the refineries and power plant industry.
The graphite packing market is segmented on the basis of type, application, and region. On the basis of type, flexible graphite packing, reinforced graphite packing, and others. The reinforced graphite packing segment is projected as the fastest-growing segment.
On the basis of application, the market is categorized into refineries, power plants, chemical manufacturing, and others. The power plant segment is projected as the fastest-growing segment. On the basis of region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Major players operating in the global graphite packing market include Garlock Sealing Technologies, Sunwell Seals, Phelps Industrial Products, Klinger Limited, Sealmax, Mineral Seal Corporation, W. L. Gore and Associates, Cixi Xinsheng Seal Factory, Marshall packing and Insulation Industrie and Hysesaling.
Key findings of the study
Depending on the type, the reinforced graphite segment is expected to grow at a CAGR of 5.5%, in terms of revenue, during the forecast period.Depending on the application, the Refineries segment is expected to grow at a CAGR of 5.4%, in terms of revenue, during the forecast period.
Region-wise, Asia-Pacific garnered major a share of 57.3% in 2021, in terms of revenue.
Companies Mentioned
- Phelps Industrial Products
- Klinger Limited
- Mineral Seal Corporation
- W. L. Gore & Associates, Inc.
- Sunwell Seals
- Sealmax
- Cixi Xinsheng Seal Factory
- Shri Rangaa Asbestos Company
- Garlock Sealing Technologies
- Marshall Packing and Insulation Industries
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 284 |
| Published | October 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 396.2 million |
| Forecasted Market Value ( USD | $ 661 million |
| Compound Annual Growth Rate | 5.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
