Global Compression Packing Market Size By Type (PTFE Packing, Graphite Packing, Carbon Packing), By Application (Pump, Valves), By Geographic Scope And Forecast

Report ID: 293102|No. of Pages: 202

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Global Compression Packing Market Size By Type (PTFE Packing, Graphite Packing, Carbon Packing), By Application (Pump, Valves), By Geographic Scope And Forecast

Report ID: 293102|Published Date: Feb 2024|No. of Pages: 202|Base Year for Estimate: 2021|Format:   Report available in PDF formatReport available in Excel Format

Compression Packing Market Size And Forecast

Compression Packing Market size was valued at USD 800 Million in 2021 and is projected to reach USD 1,317.87 Million by 2030, growing at a CAGR of 5.98% from 2023 to 2030.

The rising demand for high-performance and specialized packing materials represents another significant prospective market opportunity in the compression packing sector. The Global Compression Packing Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

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Compression Packing Market is projected to reach USD 1,317.87 Million by 2030, growing at a CAGR of 5.98% from 2023 to 2030

What is Compression Packing?

Compression packing is a type of packing where the spaces between the items being packed are filled with compressing material. This kind of packaging is essential since it can help to reduce the amount of storage space needed and protect the contents from damage. Compression packing is used in a number of industrial devices, including pumps, valves, mixers, and agitators. Numerous materials, such as flexible graphite, synthetic fibres, and braided fibres, can be used to create compression packing. The material to be used will vary according to the specific requirements of the application, such as temperature, pressure, and chemical compatibility. For instance, braided fibres are widely used in low-pressure applications, but flexible graphite is frequently used.

Compression packing helps to increase process safety, lower maintenance costs, and extend the lifespan of industrial equipment in addition to its ability to stop leaks. This is because it provides a trustworthy and efficient way to eliminate leaks and ensure the smooth running of machinery and equipment. Due to this, industrial operations are generally more productive, and downtime and maintenance expenses are decreased.

Because compression packing is designed to resist repeated compression and decompression cycles, it is a fantastic alternative for machinery that moves regularly. The material is also designed to lubricate itself, minimizing friction and wear and tear on equipment parts. As a result, industrial equipment needs fewer maintenance and repairs and has a longer lifespan.

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Global Compression Packing Market Overview

The global compression packing market refers to the market for materials and products used in various industrial applications to prevent fluid from leaking and to reduce friction between moving and stationary components. Compression packing materials are made from various materials such as graphite, PTFE, carbon, and others, and are used in various industrial applications such as pumps, valves, agitators, reactors, and others.

The market for compression packing is expanding as a result of the rising need for high-performance and dependable packing materials for use in challenging industrial environments. The need for compression packing is anticipated to increase over the next few years due to the expansion of end-use sectors like chemicals, oil and gas, power generation, and others. Type, application, and geography are the main market segments, with Asia Pacific being the largest market segment.

The growing demand for environmentally friendly and sustainable packing materials represents the largest potential future market. The need for packaging materials created from biodegradable and sustainable materials is being driven by the growing concern over the environmental impact of industrial activity.

The rising demand for high-performance and specialized packing materials represents another significant prospective market opportunity in the compression packing sector. Demand for packing materials that can endure extreme industrial conditions and offer trustworthy sealing and lubrication is being driven by the expansion of numerous end-use industries. This offers market participants the chance to create and sell customised compression packing materials for certain industrial uses.

Global Compression Packing Market: Segmentation Analysis

The Global Compression Packing Market is segmented based on Type, Application, and Geography.

Compression Packing Market, By Type

• PTFE Packing
• Graphite Packing
• Carbon Packing
• OthersCompression Packing Market By Type

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Based on Type, the market is segmented into PTFE Packing, Graphite Packing, Carbon Packing, and Others. PTFE Packing accounted for the largest market share of 35.53% in 2022, with a market value of USD 297.51 Million, and is projected to grow at the highest CAGR of 6.51% during the forecast period.

Compression Packing Market, By Application

• Pump
• Valves
• OthersCompression Packing Market By Application

Based on Application, the market is segmented into Pump, Valves, and Others. Pump accounted for the largest market share of 44.93% in 2022, with a market Value of USD 376.23 Million and is projected to grow at the highest CAGR of 6.49% during the forecast period.

Compression Packing Market, By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Compression Packing Market By Geography

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On the basis of Geographical Analysis, the Global Compression Packing Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Asia-Pacific accounted for the largest market share of 43.62% in 2022, with a market value of USD 365.23 Million and is projected to grow at the highest CAGR of 6.71% during the forecast period.

Key Players

The “Global Compression Packing Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Garlock, SEPCO, Delmar Company, FTL Technology, Utex Industries, and Flexitallic. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2018-2030

BASE YEAR

2021

FORECAST PERIOD

2023-2030

HISTORICAL PERIOD

2018-2020

UNIT

Value (USD Million)

KEY COMPANIES PROFILED

Garlock, SEPCO, Delmar Company, FTL Technology, Utex Industries, and Flexitallic.

SEGMENTS COVERED

Type, Application, and Geography.

CUSTOMIZATION SCOPE

Free report customization (equivalent to up to 4 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope.

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Research Methodology of Verified Market Research:

Research Methodology of VMR

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support

Customization of the Report

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Frequently Asked Questions

Compression Packing Market was valued at USD 800 Million in 2021 and is projected to reach USD 1,317.87 Million by 2030, growing at a CAGR of 5.98% from 2023 to 2030.

The rising demand for high-performance and specialized packing materials represents another significant prospective market opportunity in the compression packing sector.

The major players in the market are Garlock, SEPCO, Delmar Company, FTL Technology, Utex Industries, and Flexitallic.

The Global Compression Packing Market is segmented based on Type, Application, and Geography.

The sample report for the Compression Packing Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.
TABLE OF CONTENTS 1 INTRODUCTION

1.1 MARKET DEFINITION 1.2 MARKET SEGMENTATION 1.3 RESEARCH TIMELINES 1.4 ASSUMPTIONS 1.5 LIMITATIONS

2 RESEARCH METHODOLOGY

2.1 DATA MINING 2.2 SECONDARY RESEARCH 2.3 PRIMARY RESEARCH 2.4 SUBJECT MATTER EXPERT ADVICE 2.5 QUALITY CHECK 2.6 FINAL REVIEW 2.7 DATA TRIANGULATION 2.8 BOTTOM-UP APPROACH 2.9 TOP-DOWN APPROACH 2.10 RESEARCH FLOW

3 EXECUTIVE SUMMARY

3.1 GLOBAL COMPRESSION PACKING MARKET OVERVIEW 3.2 GLOBAL COMPRESSION PACKING ECOLOGY MAPPING 3.3 GLOBAL COMPRESSION PACKING ABSOLUTE MARKET OPPORTUNITY 3.4 GLOBAL COMPRESSION PACKING MARKET ATTRACTIVENESS 3.5 GLOBAL COMPRESSION PACKING MARKET GEOGRAPHICAL ANALYSIS (CAGR %) 3.6 GLOBAL COMPRESSION PACKING MARKET, BY TYPE (USD MILLION) 3.7 GLOBAL COMPRESSION PACKING MARKET, BY APPLICATION (USD MILLION) 3.8 GLOBAL COMPRESSION PACKING MARKET, BY GEOGRAPHY (USD MILLION) 3.9 FUTURE MARKET OPPORTUNITIES 3.10 GLOBAL MARKET SPLIT

4 MARKET OUTLOOK

4.1 GLOBAL COMPRESSION PACKING MARKET EVOLUTION

4.2 GLOBAL COMPRESSION PACKING MARKET OUTLOOK

4.3 MARKET DRIVERS

4.3.1 INCREASING DEMAND FOR EFFICIENCY IN VARIOUS INDUSTRIES APPLICATION 4.3.2 ELEVATED USE OF ECO-FRIENDLY AND HIGH-QUALITY MATERIALS

4.4 RESTRAINTS

4.4.1 HIGH COST OF MATERIALS USED IN COMPRESSION PACKING 4.4.2 LACK OF AWARENESS AMONG INDUSTRIAL USERS

4.5 OPPORTUNITIES

4.5.1 TECHNOLOGICAL ADVANCEMENTS TO IMPROVE COMPRESSION PACKING 4.5.2 INCREASING DEMAND OF COMPRESSION PACKING IN PROCESS INDUSTRIES

4.6 IMPACT ANALYSIS OF COVID-19 ON THE MARKET

4.7 PORTER’S FIVE FORCES ANALYSIS

4.7.1 THREAT OF NEW ENTRANTS 4.7.2 THREAT OF SUBSTITUTES 4.7.3 BARGAINING POWER OF SUPPLIERS 4.7.4 BARGAINING POWER OF BUYERS 4.7.5 INTENSITY OF COMPETITIVE RIVALRY

4.8 VALUE CHAIN ANALYSIS

4.9 PRICING ANALYSIS

4.10 MACROECONOMIC ANALYSIS

5 MARKET, BY TYPE

5.1 OVERVIEW 5.2 CARBON PACKING 5.3 GRAPHITE PACKING 5.4 PTFE PACKING 5.5 OTHERS

6 MARKET, BY APPLICATION

6.1 OVERVIEW 6.2 PUMP 6.3 VALVE 6.4 OTHERS

7 MARKET, BY GEOGRAPHY

7.1 OVERVIEW

7.2 NORTH AMERICA

7.2.1 U.S. 7.2.2 CANADA 7.2.3 MEXICO

7.3 EUROPE

7.3.1 GERMANY 7.3.2 U.K. 7.3.3 FRANCE 7.3.4 ITALY 7.3.5 SPAIN 7.3.6 SWEDEN 7.3.7 REST OF EUROPE

7.4 ASIA-PACIFIC

7.4.1 CHINA 7.4.2 JAPAN 7.4.3 INDIA 7.4.4 REST OF ASIA-PACIFIC

7.5 LATIN AMERICA

7.5.1 BRAZIL 7.5.2 ARGENTINA 7.5.3 REST OF LATIN AMERICA

7.6 MIDDLE EAST AND AFRICA

7.6.1 UAE 7.6.2 SAUDI ARABIA 7.6.3 SOUTH AFRICA 7.6.4 REST OF MEA

8 COMPETITIVE LANDSCAPE

8.1 OVERVIEW 8.2 KEY DEVELOPMENT 8.3 COMPANY MARKET RANKING ANALYSIS 8.4 COMPANY REGIONAL FOOTPRINT

8.5 ACE MATRIX

8.5.1 ACTIVE 8.5.2 CUTTING EDGE 8.5.3 EMERGING 8.5.4 INNOVATORS

9 COMPANY PROFILES

9.1 GARLOCK

9.1.1 COMPANY OVERVIEW 9.1.2 COMPANY INSIGHTS 9.1.3 PRODUCT BENCHMARKING 9.1.4 SWOT ANALYSIS 9.1.5 CURRENT FOCUS & STRATEGIES 9.1.6 THREAT FROM COMPETITION

9.2 A.W. CHESTERTON COMPANY

9.2.1 COMPANY OVERVIEW 9.2.2 COMPANY INSIGHTS 9.2.3 PRODUCT BENCHMARKING 9.2.4 KEY DEVELOPMENTS 9.2.5 SWOT ANALYSIS 9.2.6 CURRENT FOCUS & STRATEGIES 9.2.7 THREAT FROM COMPETITION

9.3 JAMES WALKER

9.3.1 COMPANY OVERVIEW 9.3.2 COMPANY INSIGHTS 9.3.3 PRODUCT BENCHMARKING 9.3.4 SWOT ANALYSIS 9.3.5 CURRENT FOCUS & STRATEGIES 9.3.6 THREAT FROM COMPETITION

9.4 SUNWELL SEALS

9.4.1 COMPANY OVERVIEW 9.4.2 COMPANY INSIGHTS 9.4.3 PRODUCT BENCHMARKING

9.5 DAEMAR INC

9.5.1 COMPANY OVERVIEW 9.5.2 COMPANY INSIGHTS 9.5.3 PRODUCT BENCHMARKING

9.6 SEPCO

9.6.1 COMPANY OVERVIEW 9.6.2 COMPANY INSIGHTS 9.6.3 PRODUCT BENCHMARKING

9.7 DELMAR COMPANY

9.7.1 COMPANY OVERVIEW 9.7.2 COMPANY INSIGHTS 9.7.3 PRODUCT BENCHMARKING

9.8 EAGLEBURGMANN

9.8.1 COMPANY OVERVIEW 9.8.2 COMPANY INSIGHTS 9.8.3 PRODUCT BENCHMARKING 9.8.4 KEY DEVELOPEMNT

9.9 FTL SEALS TECHNOLOGY LIMITED

9.9.1 COMPANY OVERVIEW 9.9.2 COMPANY INSIGHTS 9.9.3 BUSINESS INSIGHTS 9.9.4 PRODUCT BENCHMARKING 9.9.5 KEY DEVELOPMENT

LIST OF TABLES

TABLE 1 PROJECTED REAL GDP GROWTH (ANNUAL PERCENTAGE CHANGE) OF KEY COUNTRIES TABLE 2 GLOBAL COMPRESSION PACKING MARKET, BY TYPE, 2020 - 2030 (USD MILLION) TABLE 3 GLOBAL COMPRESSION PACKING MARKET, BY APPLICATION, 2020 - 2030 (USD MILLION) TABLE 4 GLOBAL COMPRESSION PACKING MARKET, BY GEOGRAPHY, 2020 - 2030 (USD MILLION) TABLE 5 NORTH AMERICA COMPRESSION PACKING MARKET, BY COUNTRY, 2020 - 2030 (USD MILLION) TABLE 6 NORTH AMERICA COMPRESSION PACKING MARKET, BY TYPE, 2020 - 2030 (USD MILLION) TABLE 7 NORTH AMERICA COMPRESSION PACKING MARKET, BY APPLICATION, 2020 - 2030 (USD MILLION) TABLE 8 U.S. COMPRESSION PACKING MARKET, BY TYPE, 2020 - 2030 (USD MILLION) TABLE 9 U.S. COMPRESSION PACKING MARKET, BY APPLICATION, 2020 - 2030 (USD MILLION) TABLE 10 CANADA COMPRESSION PACKING MARKET, BY TYPE, 2020 - 2030 (USD MILLION) TABLE 11 CANADA COMPRESSION PACKING MARKET, BY APPLICATION, 2020 - 2030 (USD MILLION) TABLE 12 MEXICO COMPRESSION PACKING MARKET, BY TYPE, 2020 - 2030 (USD MILLION) TABLE 13 MEXICO COMPRESSION PACKING MARKET, BY APPLICATION, 2020 - 2030 (USD MILLION) TABLE 14 EUROPE COMPRESSION PACKING MARKET, BY COUNTRY, 2020 - 2030 (USD MILLION) TABLE 15 EUROPE COMPRESSION PACKING MARKET, BY TYPE, 2020 - 2030 (USD MILLION) TABLE 16 EUROPE COMPRESSION PACKING MARKET, BY APPLICATION, 2020 - 2030 (USD MILLION) TABLE 17 GERMANY COMPRESSION PACKING MARKET, BY TYPE, 2020 - 2030 (USD MILLION) TABLE 18 GERMANY COMPRESSION PACKING MARKET, BY APPLICATION, 2020 - 2030 (USD MILLION) TABLE 19 U.K. COMPRESSION PACKING MARKET, BY TYPE, 2020 - 2030 (USD MILLION) TABLE 20 U.K. COMPRESSION PACKING MARKET, BY APPLICATION, 2020 - 2030 (USD MILLION) TABLE 21 FRANCE COMPRESSION PACKING MARKET, BY TYPE, 2020 - 2030 (USD MILLION) TABLE 22 FRANCE COMPRESSION PACKING MARKET, BY APPLICATION, 2020 - 2030 (USD MILLION) TABLE 23 ITALY COMPRESSION PACKING MARKET, BY TYPE, 2020 - 2030 (USD MILLION) TABLE 24 ITALY COMPRESSION PACKING MARKET, BY APPLICATION, 2020 - 2030 (USD MILLION) TABLE 25 SPAIN COMPRESSION PACKING MARKET, BY TYPE, 2020 - 2030 (USD MILLION) TABLE 26 SPAIN COMPRESSION PACKING MARKET, BY APPLICATION, 2020 - 2030 (USD MILLION) TABLE 27 SWEDEN COMPRESSION PACKING MARKET, BY TYPE, 2020 - 2030 (USD MILLION) TABLE 28 SWEDEN COMPRESSION PACKING MARKET, BY APPLICATION, 2020 - 2030 (USD MILLION) TABLE 29 REST OF EUROPE COMPRESSION PACKING MARKET, BY TYPE, 2020 - 2030 (USD MILLION) TABLE 30 REST OF EUROPE COMPRESSION PACKING MARKET, BY APPLICATION, 2020 - 2030 (USD MILLION) TABLE 31 ASIA-PACIFIC COMPRESSION PACKING MARKET, BY COUNTRY, 2020 - 2030 (USD MILLION) TABLE 32 ASIA PACIFIC COMPRESSION PACKING MARKET, BY TYPE, 2020 - 2030 (USD MILLION) TABLE 33 ASIA PACIFIC COMPRESSION PACKING MARKET, BY APPLICATION, 2020 - 2030 (USD MILLION) TABLE 34 CHINA COMPRESSION PACKING MARKET, BY TYPE, 2020 - 2030 (USD MILLION) TABLE 35 CHINA COMPRESSION PACKING MARKET, BY APPLICATION, 2020 - 2030 (USD MILLION) TABLE 36 JAPAN COMPRESSION PACKING MARKET, BY TYPE, 2020 - 2030 (USD MILLION) TABLE 37 JAPAN COMPRESSION PACKING MARKET, BY APPLICATION, 2020 - 2030 (USD MILLION) TABLE 38 INDIA COMPRESSION PACKING MARKET, BY TYPE, 2020 - 2030 (USD MILLION) TABLE 39 INDIA COMPRESSION PACKING MARKET, BY APPLICATION, 2020 - 2030 (USD MILLION) TABLE 40 REST OF ASIA PACIFIC COMPRESSION PACKING MARKET, BY TYPE, 2020 - 2030 (USD MILLION) TABLE 41 REST OF ASIA PACIFIC COMPRESSION PACKING MARKET, BY APPLICATION, 2020 - 2030 (USD MILLION) TABLE 42 LATIN AMERICA COMPRESSION PACKING MARKET, BY COUNTRY, 2020 - 2030 (USD MILLION) TABLE 43 LATIN AMERICA COMPRESSION PACKING MARKET, BY TYPE, 2020 - 2030 (USD MILLION) TABLE 44 LATIN AMERICA COMPRESSION PACKING MARKET, BY APPLICATION, 2020 - 2030 (USD MILLION) TABLE 45 BRAZIL COMPRESSION PACKING MARKET, BY TYPE, 2020 - 2030 (USD MILLION) TABLE 46 BRAZIL COMPRESSION PACKING MARKET, BY APPLICATION, 2020 - 2030 (USD MILLION) TABLE 47 ARGENTINA COMPRESSION PACKING MARKET, BY TYPE, 2020 - 2030 (USD MILLION) TABLE 48 ARGENTINA COMPRESSION PACKING MARKET, BY APPLICATION, 2020 - 2030 (USD MILLION) TABLE 49 REST OF LATIN AMERICA COMPRESSION PACKING MARKET, BY TYPE, 2020 - 2030 (USD MILLION) TABLE 50 REST OF LATIN AMERICA COMPRESSION PACKING MARKET, BY APPLICATION, 2020 - 2030 (USD MILLION) TABLE 51 MIDDLE EAST AND AFRICA COMPRESSION PACKING MARKET, BY COUNTRY, 2020 - 2030 (USD MILLION) TABLE 52 MIDDLE EAST AND AFRICA COMPRESSION PACKING MARKET, BY TYPE, 2020 - 2030 (USD MILLION) TABLE 53 MIDDLE EAST AND AFRICA COMPRESSION PACKING MARKET, BY APPLICATION, 2020 - 2030 (USD MILLION) TABLE 54 UAE COMPRESSION PACKING MARKET, BY TYPE, 2020 - 2030 (USD MILLION) TABLE 55 UAE COMPRESSION PACKING MARKET, BY APPLICATION, 2020 - 2030 (USD MILLION) TABLE 56 SAUDI ARABIA COMPRESSION PACKING MARKET, BY TYPE, 2020 - 2030 (USD MILLION) TABLE 57 SAUDI ARABIA COMPRESSION PACKING MARKET, BY APPLICATION, 2020 - 2030 (USD MILLION) TABLE 58 SOUTH AFRICA COMPRESSION PACKING MARKET, BY TYPE, 2020 - 2030 (USD MILLION) TABLE 59 SOUTH AFRICA COMPRESSION PACKING MARKET, BY APPLICATION, 2020 - 2030 (USD MILLION) TABLE 60 REST OF MEA COMPRESSION PACKING MARKET, BY TYPE, 2020 - 2030 (USD MILLION) TABLE 61 REST OF MEA COMPRESSION PACKING MARKET, BY APPLICATION, 2020 - 2030 (USD MILLION) TABLE 62 COMPANY MARKET RANKING ANALYSIS TABLE 63 COMPANY REGIONAL FOOTPRINT TABLE 64 GARLOCK: PRODUCT BENCHMARKING TABLE 65 A.W. CHESTERTON COMPANY: PRODUCT BENCHMARKING TABLE 66 A.W. CHESTERTON COMPANY: KEY DEVELOP.MENTS TABLE 67 JAMES WALKER: PRODUCT BENCHMARKING TABLE 68 SUNWELL SEALS: PRODUCT BENCHMARKING TABLE 69 DAEMAR: PRODUCT BENCHMARKING TABLE 70 SEPCO: PRODUCT BENCHMARKING TABLE 71 DELMAR COMPANY: PRODUCT BENCHMARKING TABLE 72 EAGLEBURGMANN: PRODUCT BENCHMARKING TABLE 73 EAGLEBURGMANN: KEY DEVELOPMENTS TABLE 74 FTL SEALS TECHNOLOGY LIMITED: PRODUCT BENCHMARKING TABLE 75 FTL SEALS TECHNOLOGY LIMITED: KEY DEVELOPMENTS

LIST OF FIGURES

FIGURE 1 GLOBAL COMPRESSION PACKING MARKET SEGMENTATION FIGURE 2 RESEARCH TIMELINES FIGURE 3 DATA TRIANGULATION FIGURE 4 MARKET RESEARCH FLOW FIGURE 5 GLOBAL COMPRESSION PACKING MARKET GEOGRAPHICAL ANALYSIS, 2024-2030 FIGURE 6 GLOBAL COMPRESSION PACKING MARKET, BY TYPE (USD MILLION) FIGURE 7 GLOBAL COMPRESSION PACKING MARKET, BY APPLICATION (USD MILLION) FIGURE 8 GLOBAL COMPRESSION PACKING MARKET, BY GEOGRAPGY (USD MILLION) FIGURE 9 FUTURE MARKET OPPORTUNITIES FIGURE 10 ASIA PACIFIC DOMINATED THE MARKET IN 2022 FIGURE 11 GLOBAL COMPRESSION PACKING MARKET OUTLOOK FIGURE 12 GLOBAL COMPRESSION PACKING MARKET, BY TYPE FIGURE 13 GLOBAL COMPRESSION PACKING MARKET, BY APPLICATION FIGURE 14 GLOBAL COMPRESSION PACKING MARKET, BY GEOGRAPHY, 2020 - 2030 (USD MILLION) FIGURE 15 NORTH AMERICA MARKET SNAPSHOT FIGURE 16 U.S. MARKET SNAPSHOT FIGURE 17 CANADA MARKET SNAPSHOT FIGURE 18 MEXICO MARKET SNAPSHOT FIGURE 19 EUROPE MARKET SNAPSHOT FIGURE 20 GERMANY MARKET SNAPSHOT FIGURE 21 U.K. MARKET SNAPSHOT FIGURE 22 FRANCE MARKET SNAPSHOT FIGURE 23 ITALY MARKET SNAPSHOT FIGURE 24 SPAIN MARKET SNAPSHOT FIGURE 25 SWEDEN MARKET SNAPSHOT FIGURE 26 REST OF EUROPE MARKET SNAPSHOT FIGURE 27 ASIA-PACIFIC MARKET SNAPSHOT FIGURE 28 CHINA MARKET SNAPSHOT FIGURE 29 JAPAN MARKET SNAPSHOT FIGURE 30 INDIA MARKET SNAPSHOT FIGURE 31 REST OF ASIA-PACIFIC MARKET SNAPSHOT FIGURE 32 LATIN AMERICA MARKET SNAPSHOT FIGURE 33 BRAZIL MARKET SNAPSHOT FIGURE 34 ARGENTINA MARKET SNAPSHOT FIGURE 35 REST OF LATIN AMERICA MARKET SNAPSHOT FIGURE 36 MIDDLE EAST AND AFRICA MARKET SNAPSHOT FIGURE 37 UAE MARKET SNAPSHOT FIGURE 38 SAUDI ARABIA MARKET SNAPSHOT FIGURE 39 SOUTH AFRICA MARKET SNAPSHOT FIGURE 40 REST OF MEA MARKET SNAPSHOT FIGURE 41 KEY STRATEGIC DEVELOPMENTS FIGURE 42 ACE MATRIX FIGURE 43 GARLOCK: COMPANY INSIGHT FIGURE 44 GARLOCK: SWOT ANALYSIS FIGURE 45 A.W. CHESTERTON COMPANY: COMPANY INSIGHT FIGURE 46 A.W. CHESTERTON COMPANY: SWOT ANALYSIS FIGURE 47 JAMES WALKER: COMPANY INSIGHT FIGURE 48 JAMES WALKER: SWOT ANALYSIS FIGURE 49 SUNWELL SEALS: COMPANY INSIGHT FIGURE 50 DAEMAR: COMPANY INSIGHT FIGURE 51 SEPCO: COMPANY INSIGHT FIGURE 52 DELMAR COMPANY: COMPANY INSIGHT FIGURE 53 EAGLEBURGMANN: COMPANY INSIGHT FIGURE 54 IDEX CORPORATION (FTL SEALS TECHNOLOGY LIMITED): COMPANY INSIGHT FIGURE 55 IDEX CORPORATION (FTL SEALS TECHNOLOGY LIMITED): BUSINESS INSIGHT

Report Research Methodology

Research methodology

Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.

This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.

We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:

Exploratory data mining

Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.

All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.

expert data mining

For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.

Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.

Data Collection Matrix

PerspectivePrimary ResearchSecondary Research
Supplier side
  • Fabricators
  • Technology purveyors and wholesalers
  • Competitor company’s business reports and newsletters
  • Government publications and websites
  • Independent investigations
  • Economic and demographic specifics
Demand side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customer

Econometrics and data visualization model

data visualiztion model

Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.

All the research models are customized to the prerequisites shared by the global clients.

The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.

Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.

Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.

Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:

  • Market drivers and restraints, along with their current and expected impact
  • Raw material scenario and supply v/s price trends
  • Regulatory scenario and expected developments
  • Current capacity and expected capacity additions up to 2027

We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.

Primary validation

The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.

The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.

primary validation

Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:

  • Established market players
  • Raw data suppliers
  • Network participants such as distributors
  • End consumers

The aims of doing primary research are:

  • Verifying the collected data in terms of accuracy and reliability.
  • To understand the ongoing market trends and to foresee the future market growth patterns.

Industry Analysis Matrix

Qualitative analysisQuantitative analysis
  • Global industry landscape and trends
  • Market momentum and key issues
  • Technology landscape
  • Market’s emerging opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2027
  • Market revenue estimates and forecasts up to 2027, by technology
  • Market revenue estimates and forecasts up to 2027, by application
  • Market revenue estimates and forecasts up to 2027, by type
  • Market revenue estimates and forecasts up to 2027, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

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