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Compression Packing Market Share

Report ID: GMI6146
Published Date: Jul 2023
Report Format: PDF

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Compression packing Market Share

Some of the major market players operating in the compression packing market are:

Chesterton
Garlock
John Crane
Flexitallic
Lamons,
Teadit
KLINGER

These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of compression packing was worth over USD 850 million in 2022 and is poised to reach USD 1.4 billion by 2032 driven by the high demand from industries, including oil and gas, chemical processing, power generation, pharmaceuticals, food and beverage, and pulp and paper.

The graphite material segment generated USD 240 million in 2022 and is set to expand at notable CAGR from 2023 to 2032 owing to widespread application in refineries, petrochemical plants, and power generation facilities.

U.S. compression packing market size reached USD 320 million in 2022 and is projected to witness substantial growth through 2032 attributed to the strong presence of oil and gas industry, including exploration, production, refining, and distribution activities.

Chesterton, Garlock, John Crane, Flexitallic, Lamons, Teadit, and KLINGER Group, are some of the top enterprises engaged in the compression packing market.