Graphite Packing Market Expected to Reach $661.0 Million by 2031—Allied Market Research

According to a new report published by Allied Market Research, 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.