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World Gasket & Seal Market

  • December 2015
  • -
  • Freedonia
  • -
  • 353 pages

Study coverage

This report presents historical demand data (2004, 2009 and 2014) plus forecasts (2019 and 2024) by market, application and product for six world regions and 15 major countries. Total demand is given for an additional 10 countries. The study also considers key market environment factors, evaluates company market share, and profiles 32 global industry players.

Worldwide demand to rise 5.3% yearly through 2019

The world market for gaskets and seals is forecast to expand 5.3 percent per annum to $70.8 billion in 2019. Demand in many parts of the world will return to a more moderate pace of growth after recovering from 2009 recessionary lows through 2014. Healthy increases in motor vehicle production, machinery output, and electrical and electronic equipment production will bolster demand for gaskets and seals. In addition, growing fixed investment levels will lead to purchases of gasket and seal-containing vehicles and equipment. Furthermore, expanding demand for more expensive sealing products made from advanced materials will boost market value. However, greater utilization of better performing, longer lasting gaskets and seals will have a mixed effect on demand as initial value gains will be somewhat offset by decreased aftermarket sales opportunities.

Africa/Mideast, Asia/Pacific regions to grow fastest

The Africa/Mideast and Asia/Pacific regions will record the strongest growth in percentage terms through 2019. The Asia/Pacific region will be led by some of the fastest growing national markets in the world, such as India, Thailand, China, Indonesia, and Malaysia, all of which are expected to post motor vehicle production increases well above the global average through 2019. China surpassed the US to become the world’s largest gasket and seal market in 2009, and by 2019 China is expected to represent over one-fourth of the world market. Gains in the Africa/Mideast region, on the other hand, will be bolstered by relatively small, fast growing markets in countries that are attempting to diversify away from resource extraction toward higher value manufactured goods.

More mature markets to also post demand increases

The more mature manufacturing economies of North America and Western Europe are also forecast to post gasket and seal demand increases through 2019, although growth will not be as strong as that expected in less developed regions. Gains in North America will be bolstered by strong growth in Mexico, where suppliers will benefit from healthy output growth in motor vehicle manufacturing. However, the US will continue to account for the majority of North American demand for the foreseeable future. Gasket and seal shipment growth will outpace demand in Western Europe through 2019. This region is home to several of the world’s leading producers, and many of the countries in the region maintain sizable trade surpluses.

Electrical/electronic market to grow fastest

Every major market for gaskets and seals is expected to register healthy gains through 2019. Motor vehicle applications will continue to account for the largest share of product demand, bolstered by 3.9 percent yearly increases forecast in global automotive production. Increased fixed investment spending will stimulate growing machinery output, which will in turn lead to advances in associated sealing product sales. Electrical and electronic equipment production is forecast to rise 5.2 percent per year through 2019, which will benefit sealing product demand in this market. However, sales in this market will be held back to some degree by intense price competition as the gaskets and seals utilized here are largely low value, commodity products.

Table Of Contents

World Gasket and Seal Market
INTRODUCTION xi
I. EXECUTIVE SUMMARY 1
II. MARKET ENVIRONMENT 4
General 4
World Economic Overview 5
Recent Historical Trends 5
World Economic Outlook 6
World Fixed Investment Outlook 9
World Durable Goods Manufacturing Outlook 11
World Motor Vehicle Production Trends 14
Pricing Patterns 18
Technological Trends 21
III. OVERVIEW 24
General 24
Regional Overview 25
Demand 25
Production 29
International Trade 31
Demand by Product 33
Gaskets 34
Seals 37
Demand by Market 39
Motor Vehicles 41
Machinery 45
Electrical and Electronics Equipment 46
Other 48
Demand by Source 50
OEM 51
MRO 53
IV. NORTH AMERICA 55
General 55
Gasket and Seal Supply and Demand 56
Gasket and Seal Market Outlook 60
United States 62
Canada 69
Mexico 75
V. WESTERN EUROPE 82
General 82
Gasket and Seal Supply and Demand 83
Gasket and Seal Market Outlook 87
Germany 89
Italy 95
France 101
United Kingdom 107
Spain 113
Other Western Europe 119
Netherlands 128
Austria 129
Switzerland 129
Belgium 130
Sweden 131
Denmark 132
All Other Western Europe 132
VI. ASIA/PACIFIC 134
General 134
Gasket and Seal Supply and Demand 135
Gasket and Seal Market Outlook 139
China 141
Japan 148
South Korea 154
India 160
Taiwan 166
Thailand 171
Other Asia/Pacific 176
Indonesia 184
Malaysia 185
Australia 185
All Other Asia/Pacific 186
VII. OTHER REGIONS 188
Central and South America 188
Gasket and Seal Supply and Demand 189
Gasket and Seal Market Outlook 191
Brazil 193
Other Central and South America 199
Eastern Europe 205
General 205
Gasket and Seal Supply and Demand 207
Gasket and Seal Market Outlook 210
Russia 212
Czech Republic 218
Poland 224
Other Eastern Europe 229
Africa/Mideast 235
General 235
Gasket and Seal Supply and Demand 237
Gasket and Seal Market Outlook 239
VIII. INDUSTRY STRUCTURE 242
General 242
Industry Composition 243
Market Share 245
Product Development and Manufacturing 251
Marketing and Distribution 254
Cooperative Agreements 256
Financial Issues 261
Mergers, Acquisitions, and Industry Restructuring 263
Company Profiles 268
Acushnet Rubber, see Anhui Zhongding Holding Group
AIGI Industrial Group of Companies Limited 269
AMETEK Incorporated 270
Anhui Zhongding Holding Group Company Limited 273
Beijing Wanyuan-Henniges Sealing Systems,
see Henniges Automotive Holdings
Boyd Corporation 276
Caterpillar Incorporated 278
CDI Energy Products, see Fenner
Cherry Serina, see Ishikawa Gasket
Chesterton (AW) Company 280
Chomerics, see Parker-Hannifin
Cooper-Standard Holdings Incorporated 282
Dana Holding Corporation 285
Dichtomatik, see Freudenberg
EagleBurgmann, see Freudenberg
EGC Critical Components, see Fenner
ElringKlinger AG 288
EnPro Industries Incorporated 291
Federal-Mogul Holdings Corporation 296
Fenner plc 299
Flowserve Corporation 301
Frenzelit Werke GmbH 303
Freudenberg and Company KG 304
Garlock Sealing Technologies, see EnPro Industries
Gasket International, see Total
Gore (WL) and Associates Incorporated 311
Hallite Seals International, see Fenner
Heguang Yantai Metal Products Company Limited 313
Helix Medical, see Freudenberg
Henkel AG and Company KGaA 314
Henniges Automotive Holdings Incorporated 316
Huayu-Cooper Standard Sealing Systems,
see Cooper-Standard Holdings
Hutchinson, see Total
Ishikawa Gasket Company Limited 318
Jiangyin Haida Rubber and Plastic Company Limited 320
John Crane, see Smiths Group
Jyco Sealing Technologies, see Cooper-Standard Holdings
(continued on next page)
KACO +, see Anhui Zhongding Holding Group and
SABÓ Industria e Comercio de Autopeças Limitada
Kaydon, see SKF
Kaydon Ring and Seal, see SKF
Lamons Gasket, see TriMas
Ludowici Sealing Solutions Proprietary, see Freudenberg
Max Seal, see Trelleborg
Nippon Reinz, see Dana Holding
Nippon Valqua Industries Limited 322
Nishikawa Cooper, see Cooper-Standard Holdings
NOK-Freudenberg Group China, see Freudenberg
Parker-Hannifin Corporation 324
Precix, see Anhui Zhongding Holding Group
PTFE Compounds Germany, see Freudenberg
SABÓ Industria e Comercio de Autopeças Limitada 329
Saint-Gobain 330
SKF AB 332
Smiths Group plc 336
Stemco, see EnPro Industries
TechSeal, see Parker-Hannifin
Total SA 339
Toyoda Gosei Company Limited 342
Trelleborg AB 345
TriMas Corporation 350
Yantai Ishikawa Gasket, see Ishikawa Gasket
Zhejiang Cathay Packing and Sealing Company Limited 353

LIST OF TABLES

SECTION I -- EXECUTIVE SUMMARY
Summary Table 3
SECTION II -- MARKET ENVIRONMENT
1 World Gross Domestic Product by Region 9
2 World Gross Fixed Investment by Region 11
3 World Durable Goods Manufacturing Value Added
by Type and Region 14
4 World Motor Vehicle Production by Type and Region 18
SECTION III -- OVERVIEW
1 World Gasket and Seal Demand by Region 27
2 World Gasket and Seal Shipments by Region 30
3 World Gasket and Seal Net Exports by Region 33
4 World Gasket and Seal Demand by Product 34
5 World Gasket Demand by Type and Region 36
6 World Seal Demand by Type and Region 39
7 World Gasket and Seal Demand by Market 40
8 World Motor Vehicle Gasket and Seal Demand by Region 44
9 World Machinery Gasket and Seal Demand by Region 46
10 World Electrical and Electronic Equipment Gasket and Seal
Demand by Region 48
11 World Other Gasket and Seal Demand by Region 50
12 World Gasket and Seal Demand by Source 51
13 World OEM Gasket and Seal Demand by Region 52
14 World MRO Gasket and Seal Demand by Region 54
SECTION IV -- NORTH AMERICA
1 North America: Gasket and Seal Supply and Demand 59
2 North America: Gasket and Seal Demand
by Product, Market, and Source 62
3 United States: Gasket and Seal Supply and Demand 67
4 United States: Gasket and Seal Demand
by Product, Market, and Source 69
5 Canada: Gasket and Seal Supply and Demand 73
6 Canada: Gasket and Seal Demand
by Product, Market, and Source 75
7 Mexico: Gasket and Seal Supply and Demand 79
8 Mexico: Gasket and Seal Demand
by Product, Market, and Source 81
SECTION V -- WESTERN EUROPE
1 Western Europe: Gasket and Seal Supply and Demand 86
2 Western Europe: Gasket and Seal Demand
by Product, Market, and Source 89
3 Germany: Gasket and Seal Supply and Demand 93
4 Germany: Gasket and Seal Demand
by Product, Market, and Source 95
5 Italy: Gasket and Seal Supply and Demand 99
6 Italy: Gasket and Seal Demand
by Product, Market, and Source 101
7 France: Gasket and Seal Supply and Demand 105
8 France: Gasket and Seal Demand
by Product, Market, and Source 107
9 United Kingdom: Gasket and Seal Supply and Demand 111
10 United Kingdom: Gasket and Seal Demand
by Product, Market, and Source 113
11 Spain: Gasket and Seal Supply and Demand 117
12 Spain: Gasket and Seal Demand by Product, Market, and Source 119
13 Other Western Europe: Gasket and Seal Supply and Demand 123
14 Other Western Europe: Gasket and Seal Demand
by Product, Market, and Source 125
15 Other Western Europe: Gasket and Seal Supply
and Demand by Country 127
SECTION VI -- ASIA/PACIFIC
1 Asia/Pacific: Gasket and Seal Supply and Demand 138
2 Asia/Pacific: Gasket and Seal Demand
by Product, Market, and Source 141
3 China: Gasket and Seal Supply and Demand 146
4 China: Gasket and Seal Demand by Product, Market, and Source 148
5 Japan: Gasket and Seal Supply and Demand 152
6 Japan: Gasket and Seal Demand by Product, Market, and Source 154
7 South Korea: Gasket and Seal Supply and Demand 158
8 South Korea: Gasket and Seal Demand
by Product, Market, and Source 160
9 India: Gasket and Seal Supply and Demand 164
10 India: Gasket and Seal Demand by Product, Market, and Source 166
11 Taiwan: Gasket and Seal Supply and Demand 169
12 Taiwan: Gasket and Seal Demand
by Product, Market, and Source 171
13 Thailand: Gasket and Seal Supply and Demand 174
14 Thailand: Gasket and Seal Demand
by Product, Market, and Source 176
15 Other Asia/Pacific: Gasket and Seal Supply and Demand 180
16 Other Asia/Pacific: Gasket and Seal Demand
by Product, Market, and Source 182
17 Other Asia/Pacific: Gasket and Seal Supply and Demand
by Country 183
SECTION VII -- OTHER REGIONS
1 Central and South America: Gasket and Seal Supply and Demand 191
2 Central and South America: Gasket and Seal Demand
by Product, Market, and Source 193
3 Brazil: Gasket and Seal Supply and Demand 197
4 Brazil: Gasket and Seal Demand by Product, Market, and Source 199
5 Other Central and South America: Gasket and Seal Supply
and Demand 203
6 Other Central and South America: Gasket and Seal Demand
by Product, Market, and Source 205
7 Eastern Europe: Gasket and Seal Supply and Demand 209
8 Eastern Europe: Gasket and Seal Demand
by Product, Market, and Source 212
9 Russia: Gasket and Seal Supply and Demand 216
10 Russia: Gasket and Seal Demand by Product, Market, and Source 218
11 Czech Republic: Gasket and Seal Supply and Demand 222
12 Czech Republic: Gasket and Seal Demand
by Product, Market, and Source 224
13 Poland: Gasket and Seal Supply and Demand 227
14 Poland: Gasket and Seal Demand
by Product, Market, and Source 229
15 Other Eastern Europe: Gasket and Seal Supply and Demand 233
16 Other Eastern Europe: Gasket and Seal Demand
by Product, Market, and Source 235
17 Africa/Mideast: Gasket and Seal Supply and Demand 239
18 Africa/Mideast: Gasket and Seal Demand
by Product, Market, and Source 241
SECTION VIII -- INDUSTRY STRUCTURE
1 Gasket and Seal Sales by Company, 2014 244
2 Selected Cooperative Agreements 258
3 Selected Acquisitions and Divestitures 265
SECTION II -- MARKET ENVIRONMENT
1 Average Change in Gasket and Seal Prices, 2004-2024 20
SECTION III -- OVERVIEW
1 World Gasket and Seal Demand by Region, 2014 28
2 Gasket and Seal Projected Demand Growth by Region,
2014-2019 28
3 World Gasket and Seal Shipments by Region, 2014 31
4 World Gasket and Seal Demand by Market, 2014 41
SECTION IV -- NORTH AMERICA
1 North America: Gasket and Seal Demand by Country, 2014 60
SECTION V -- WESTERN EUROPE
1 Western Europe: Gasket and Seal Demand by Country, 2014 87
SECTION VI -- ASIA/PACIFIC
1 Asia/Pacific: Gasket and Seal Demand by Country, 2014 139
SECTION VII -- OTHER REGIONS
1 Eastern Europe: Gasket and Seal Demand by Country, 2014 210
SECTION VIII -- INDUSTRY STRUCTURE
1 World Gasket and Seal Market Share, 2014 246

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