1. Market Research
  2. > Manufacturing
  3. > Industrial Equipment Market Trends
  4. > US Gaskets & Seals Market

US Gaskets & Seals Market

  • November 2014
  • -
  • Freedonia
  • -
  • 302 pages

US demand to rise 3.8% annually through 2018

The US market for gaskets and seals is expected to expand 3.8 percent annually through 2018 to $10.6 billion, growing roughly in line with industry demand between 2008 and 2013. Gasket and seal manufacturers will benefit from growing motor vehicle output, machinery shipments, and capital spending. Increasing demand for more expensive sealing products made from advanced materials will also support gasket and seal dollar growth. However, greater utilization of better performing, longer lasting products will have a mixed effect as initial value advances will be somewhat offset by decreased aftermarket sales.

Compression packings, molded seals & packings among best opportunities

Compression packings and molded seals and packings will register the most rapid sales advances among sealing categories, while demand for expanded graphite gaskets will grow the fastest among gasketing products. Sales of compression packings and molded seals and packings will be primarily fueled by a favorable outlook for machinery shipments. The improved durability of compression packings and molded seals and packings will further support dollar gains. Rising motor vehicle output and machinery production will spur demand for expanded graphite gaskets, which will continue to replace more traditional gasketing materials in a number of motor vehicle and machinery applications due to their superior chemical and temperature resistance.

Electrical, electronic products to lead market gains

Electrical and electronic products are forecast to post the most rapid gains of any major gasket and seal market through 2018. Higher output of measuring and controlling instruments, as well as an upturn in computer and electronic equipment shipments after an extended period of decline, will bolster product demand. However, due to their much larger size, the motor vehicle and machinery markets will provide greater sales opportunities for gasket and seal suppliers. Increases in motor vehicle production, as well as in the number of motor vehicles in use, will stimulate associated gasket and seal demand. Greater use of better performing, higher-priced gaskets and seals will further boost sales in value terms. Manufacturers of gaskets and seals used in the machinery industry will benefit from continued growth in capital spending and a strong aftermarket created by harsh operating environments. Original equipment manufacturing (OEM) applications accounted for 64 percent of all gasket and seal demand in 2013, although this percentage varies from industry to industry. For example, in both the aerospace and machinery markets, aftermarket sales were larger than OEM. In contrast, aftermarket demand made up just 29 percent of all electric and electronic product gasket and seal demand in 2013, reflecting the shorter lifespans of many end-use products in this market.

Developing countries to capture more foreign trade

Foreign trade is an increasingly important factor in the US gasket and seal industry, largely due to the globalization of many important OEM markets. The majority of US trade in these products is conducted with other developed nations, although developing countries are expected to account for an increasingly large share of both exports from and imports to the US.

Study coverage

This upcoming industry study, Gaskets & Seals, presents historical demand data for 2003, 2008 and 2013, plus forecasts for 2018 and 2023 by product and market. The study also considers market environment factors, evaluates company market share and profiles 34 industry players such as Cooper-Standard, EnPro Industries and Parker-Hannifin.

Table Of Contents

US Gaskets and Seals Market
TABLE OF CONTENTS
INTRODUCTION x
I. EXECUTIVE SUMMARY 1
II. MARKET ENVIRONMENT 4
General 4
Macroeconomic Environment 5
Manufacturing Outlook 9
Fixed Investment Trends 14
III. GASKET and SEAL OVERVIEW 17
General 17
Supply and Demand 18
Historical Market Trends 20
Pricing Patterns 23
Technology and Materials Trends 27
International Environment 30
World Supply and Demand Trends 31
US Foreign Trade 34
Imports 36
Exports 39
IV. GASKET SUPPLY and DEMAND 43
General 43
Nonmetallic Gaskets 46
Elastomeric Gaskets 49
Rubber 51
Thermoplastic Elastomers 53
Advanced Fiber-Based Gaskets 55
Fiberglass 57
Aramid Fiber 59
Carbon Fiber 60
Plastic-Based Gaskets 61
Expanded Graphite Gaskets 64
Conventional Fiber-Based Gaskets 66
Cellulose Fiber 68
Paper and Felt 69
Other Nonmetallic Gaskets 69
Cork 70
All Other Nonmetallic 72
Metallic Gaskets 73
Conventional Metallic Designs 75
Machined Metallic Seals 77
V. SEAL and PACKING SUPPLY and DEMAND 79
General 79
Body Seals 82
Motor Vehicle Body Seals 84
Other Body Seals 88
Molded Seals and Packings 89
O-Rings 92
Nitrile Rubber 93
FKM Fluoroelastomers 94
Other 95
Other Molded Seals and Packings 95
Flexible Seals and Packings 97
Diaphragm Seals 97
Other Squeeze-Type Seals 98
All Other Molded Seals and Packings 99
Shaft Seals 100
Axial and Mechanical Face Seals 102
Rotary Oil Seals 104
Compression Packings 106
VI. GASKET and SEAL MARKETS 109
General 109
Motor Vehicles 113
Motor Vehicle Outlook 114
Gasket and Seal Demand 117
OEM 121
Aftermarket 124
Machinery 125
Construction and Related Equipment 127
Construction and Related Equipment Outlook 128
Gasket and Seal Demand 130
General Purpose Machinery 132
General Purpose Machinery Outlook 132
Gasket and Seal Demand 134
Engine, Turbine, and Power Transmission Equipment 136
Engine, Turbine, and Power Transmission Equipment
Outlook 136
Gasket and Seal Demand 137
HVAC, Refrigeration, and Service Equipment 139
HVAC, Refrigeration, and Service Equipment Outlook 139
Gasket and Seal Demand 140
Other Machinery 142
Other Machinery Outlook 142
Gasket and Seal Demand 143
Electrical and Electronic Products 145
Measuring and Controlling Instruments 147
Measuring and Controlling Instruments Outlook 148
Gasket and Seal Demand 149
Computers and Electronic Equipment 151
Computer and Electronic Equipment Outlook 151
Gasket and Seal Demand 153
Electrical Equipment 154
Electrical Equipment Outlook 155
Gasket and Seal Demand 156
Appliances 159
Appliances Outlook 159
Gasket and Seal Demand 160
Aerospace Equipment 162
Aerospace Equipment Outlook 162
Gasket and Seal Demand 164
Marine and Rail Equipment 166
Marine and Rail Equipment Outlook 166
Gasket and Seal Demand 168
Other Markets 169
Other Durable Goods Outlook 170
Gasket and Seal Demand 170
VII. INDUSTRY STRUCTURE 173
General 173
Industry Composition 174
Market Share 176
Product Development and Manufacturing 181
Marketing and Distribution 184
Cooperative Agreements 186
Financial Issues and Requirements 188
Mergers, Acquisitions, and Industry Restructuring 191
Company Profiles 194
AMETEK Incorporated 195
Bal Seal Engineering Incorporated 198
Bates Rubber, see Park-Ohio Holdings
Boyd Corporation 200
Caterpillar Incorporated 202
CDI Energy Products, see Fenner
Chesterton (AW) Company 204
Chomerics, see Parker-Hannifin
Cooper-Standard Holdings Incorporated 207
Dana Holding Corporation 211
Dichtomatik, see Freudenberg
EagleBurgmann Industries, see Freudenberg
EGC Critical Components, see Fenner
ElringKlinger AG 214
EnPro Industries Incorporated 216
FDS Group, see Flexitallic Group
Federal-Mogul Corporation 222
Fenner plc 227
Flexitallic Group 229
Flowserve Corporation 231
Freudenberg and Company KG 234
Garlock Sealing Technologies, see EnPro Industries
Gore (WL) and Associates Incorporated 241
GPT, see EnPro Industries
Greene, Tweed and Company 243
Hallite Seals International, see Fenner
Henkel AG and Company KGaA 246
Henniges Automotive Incorporated 248
Hutchinson Sealing Systems, see Total
Illinois Tool Works Incorporated 249
ILPEA Industries Incorporated 252
Interface Solutions Incorporated 253
John Crane, see Smiths Group
Jyco Sealing Technologies, see Cooper-Standard Holdings
Kaydon, see SKF
KRAIBURG Holding GmbH and Company KG 255
Lamons Gasket, see TriMas
Max Seal, see Trelleborg
Nippon Reinz, see Dana Holding
Palmetto, see Greene, Tweed and Company
Parker-Hannifin Corporation 257
Park-Ohio Holdings Corporation 263
Permatex, see Illinois Tool Works
PTFE Compounds Germany, see Freudenberg
Saint-Gobain 265
Simrit, see Freudenberg
SKF AB 268
Smith (Everett) Group Limited 274
Smiths Group plc 275
TechSeal, see Parker-Hannifin
Total SA 280
Toyoda Gosei Company Limited 283
Trelleborg AB 284
TriMas Corporation 288
Trostel, see Smith (Everett) Group
Vector Technology Group, see Freudenberg
Wolverine Advanced Materials LLC 291
Additional Gasket and Seal Companies 293


LIST OF TABLES

SECTION I -- EXECUTIVE SUMMARY
Summary Table 3
SECTION II -- MARKET ENVIRONMENT
1 Macroeconomic Indicators 9
2 Durable Goods Shipments 13
3 Nonresidential Fixed Investment Expenditures 16
SECTION III -- GASKET and SEAL OVERVIEW
1 Gasket and Seal Supply and Demand 19
2 Gasket and Seal Demand, 2003-2013 22
3 Gasket and Seal Pricing Patterns 26
4 World Gasket and Seal Demand by Region 34
5 US Foreign Trade in Gaskets and Seals 36
6 US Gasket and Seal Imports by Source 38
7 US Gasket and Seal Exports by Destination 41
SECTION IV -- GASKET SUPPLY and DEMAND
1 Gasket Supply and Demand 45
2 Nonmetallic Gasket Supply and Demand 48
3 Elastomeric Gasket Demand 51
4 Advanced Fiber-Based Gasket Demand 57
5 Plastic-Based Gasket Demand 63
6 Expanded Graphite Gasket Demand 65
7 Conventional Fiber-Based Gasket Demand 68
8 Other Nonmetallic Gasket Demand 70
9 Metallic Gasket Supply and Demand 75
SECTION V -- SEAL and PACKING SUPPLY and DEMAND
1 Seal and Packing Supply and Demand 81
2 Body Seal Supply and Demand 84
3 Motor Vehicle Body Seal Demand 87
4 Other Body Seal Demand 89
5 Molded Seal and Packing Supply and Demand 91
6 O-Ring Demand 93
7 Other Molded Seal and Packing Demand 96
8 Shaft Seal Supply and Demand 102
9 Axial and Mechanical Face Seal Demand 104
10 Rotary Oil Seal Demand 106
11 Compression Packing Supply and Demand 108
SECTION VI -- GASKET and SEAL MARKETS
1 Gasket and Seal Demand by Market and Source 111
2 Motor Vehicle Indicators 117
3 Motor Vehicle Gasket and Seal Demand 121
4 OEM Motor Vehicle Gasket and Seal Demand 123
5 Aftermarket Motor Vehicle Gasket and Seal Demand 125
6 Machinery Gasket and Seal Demand by Market and Source 127
7 Construction and Related Equipment Shipments 130
8 Construction and Related Equipment Gasket and Seal Demand 132
9 General Purpose Machinery Shipments 133
10 General Purpose Machinery Gasket and Seal Demand 136
11 Engine, Turbine, and Power Transmission Equipment
Shipments 137
12 Engine, Turbine, and Power Transmission Equipment
Gasket and Seal Demand 139
13 HVAC, Refrigeration, and Service Equipment Shipments 140
14 HVAC, Refrigeration, and Service Equipment Gasket and Seal
Demand 142
15 Other Machinery Shipments 143
16 Other Machinery Gasket and Seal Demand 145
17 Electrical and Electronic Product Gasket and Seal Demand
by Market and Source 147
18 Measuring and Controlling Instrument Shipments 149
19 Measuring and Controlling Instrument Gasket and Seal Demand 151
20 Computer and Electronic Equipment Shipments 153
21 Computer and Electronic Equipment Gasket and Seal Demand 154
22 Electrical Equipment Shipments 156
23 Electrical Equipment Gasket and Seal Demand 158
24 Appliance Shipments 160
25 Appliance Gasket and Seal Demand 162
26 Aerospace Equipment Shipments 164
27 Aerospace Equipment Gasket and Seal Demand 166
28 Marine and Rail Equipment Shipments 167
29 Marine and Rail Equipment Gasket and Seal Demand 169
30 Other Durable Goods Shipments 170
31 Other Markets Gasket and Seal Demand 172
SECTION VII -- INDUSTRY STRUCTURE
1 US Gasket and Seal Sales by Company, 2013 175
2 Selected Cooperative Agreements 188
3 Composite Financial Ratios: Selected Gasket and Seal
Manufacturers 190
4 Selected Acquisitions and Divestitures 193


LIST OF CHARTS

SECTION III -- GASKET and SEAL OVERVIEW
1 Gasket and Seal Demand by Product, 2003-2023 20
2 Gasket and Seal Demand, 2003-2013 23
3 Gasket and Seal Price Deflators, 2003-2023 27
4 US Gasket and Seal Imports by Source, 2013 39
5 Gasket and Seal Exports by Destination, 2013 42
SECTION IV -- GASKET SUPPLY and DEMAND
1 Gasket Demand by Type, 2003-2023 46
2 Nonmetallic Gasket Demand by Type, 2013 49
SECTION V -- SEAL and PACKING SUPPLY and DEMAND
1 Seal and Packing Demand by Type, 2003-2023 82
SECTION VI -- GASKET and SEAL MARKETS
1 Gasket and Seal Demand by Market, 2013 112
2 OEM Gasket and Seal Demand as a Percentage of Total
Demand by Market, 2013 112
3 Incremental Gasket and Seal Demand Between 2013 and 2018
by Market 113
SECTION VII -- INDUSTRY STRUCTURE
1 US Gasket and Seal Market Share, 2013 176

View This Report »

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 24 Million searchable statistics with tables, figures & datasets
  • More than 10,000 trusted sources
24/7 Customer Support

Talk to Veronica

+1 718 514 2762

Purchase Reports From Reputable Market Research Publishers
High Pressure Seals Market by Material, End-Use Industry - Global Forecast to 2026

High Pressure Seals Market by Material, End-Use Industry - Global Forecast to 2026

  • $ 5650
  • Industry report
  • November 2016
  • by MarketsandMarkets

“High pressure processing equipment market is projected to grow at a CAGR of 11.26%” The high pressure processing equipment market, estimated at USD 238.9 million in 2015, is projected to grow at a ...

Global and Chinese Crankshaft Oil Seal Industry, 2016 Market Research Report

Global and Chinese Crankshaft Oil Seal Industry, 2016 Market Research Report

  • $ 3000
  • Industry report
  • November 2016
  • by Prof Research

The ’Global and Chinese Crankshaft Oil Seal Industry, 2011-2021 Market Research Report’ is a professional and in-depth study on the current state of the global Crankshaft Oil Seal industry with a focus ...

Global and Chinese Oil Seal Industry, 2016 Market Research Report

Global and Chinese Oil Seal Industry, 2016 Market Research Report

  • $ 3000
  • Industry report
  • November 2016
  • by Prof Research

The ’Global and Chinese Oil Seal Industry, 2011-2021 Market Research Report’ is a professional and in-depth study on the current state of the global Oil Seal industry with a focus on the Chinese market. ...


ref:plp2014

Reportlinker.com © Copyright 2016. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.