Global Braided Packing Market Growth 2023-2029

Global Braided Packing Market Growth 2023-2029

Compression packing which is also called braided packing or rope packing. Braided packing is a rope like material which is cut into rings that wrap around the rod. Once installed the compression force generated by tightening of the gland produces radial pressure. Since braided packing expands radially when compressed, the gland tolerances can be more flexible than when using vee packing.

LPI (LP Information)' newest research report, the “Braided Packing Industry Forecast” looks at past sales and reviews total world Braided Packing sales in 2022, providing a comprehensive analysis by region and market sector of projected Braided Packing sales for 2023 through 2029. With Braided Packing sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Braided Packing industry.

This Insight Report provides a comprehensive analysis of the global Braided Packing landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Braided Packing portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Braided Packing market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Braided Packing and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Braided Packing.

The global Braided Packing market size is projected to grow from US$ 4915.2 million in 2022 to US$ 5921.8 million in 2029; it is expected to grow at a CAGR of 5921.8 from 2023 to 2029.

The major players of Braided Packing cover Lamons, BURGMANN INDUSTRIES, Slade Inc., Carrara, WL GORE&ASSOCIATES, etc.

Regionally, USA is the biggest consumption area of braided packing in the world, with close to 35 percent of global total share. Europe is the second place in the world and accounts for about 25% of total.

Due to the wide range of braided packing application, such as in chemical, petroleum, food and sugar, pulp, paper and power industries, etc., the market size of braided packing will not shrink. From the view of application market, Pump packing and valve packing are the most active and potential fields.

This report presents a comprehensive overview, market shares, and growth opportunities of Braided Packing market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Square Braided

Braid Over Braid

Braid Over Core

Interbraid

Die Form

Segmentation by application

Pump Packing

Valve Packing

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Lamons

BURGMANN INDUSTRIES

Slade Inc.

Carrara

WL GORE&ASSOCIATES

JM

DONIT TESNIT

American Braiding & Manufacturing

Flexitallic

Garlock

Utex Industries

Nippon pillar

James Walker

Kempchen Dichtungstechnik

LATTY INTERNATIONAL

John Crane

SPECO

Teadit

Palmetto Packings

Chesterton

Key Questions Addressed in this Report

What is the 10-year outlook for the global Braided Packing market?

What factors are driving Braided Packing market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Braided Packing market opportunities vary by end market size?

How does Braided Packing break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.