TABLE OF CONTENTS
SECTION PAGE
INTRODUCTION xi
I. EXECUTIVE SUMMARY 1
II. MARKET ENVIRONMENT 4
General 4
Economic Environment 5
Cyclical Trends 5
Long Term Trends 9
Manufacturing Outlook 10
Fixed Investment Trends 13
III. GASKET & SEAL OVERVIEW 17
General 17
Supply & Demand 18
Market Volatility 20
Pricing Patterns 23
Technology & Material Trends 27
International Issues & Foreign Trade 29
World Supply & Demand Trends 31
Trends in US Foreign Trade 33
Imports 35
Exports 37
IV. GASKET SUPPLY & DEMAND 41
General 41
Nonmetallic Gaskets 44
Elastomeric Gaskets 47
Rubber 49
Thermoplastic Elastomers 51
Advanced Fiber-Based Gaskets 53
Fiberglass 55
Aramid Fiber 57
Carbon Fiber 58
Plastic-Based Gaskets 59
Expanded Graphite Gaskets 62
Conventional Fiber-Based Gaskets 64
Cellulose Fiber 66
Paper & Felt 67
Asbestos 68
Other Nonmetallic Gaskets 68
Cork 69
All Other Nonmetallic 71
Metallic Gaskets 72
Conventional Metallic Designs 74
Machined Metallic Seals 76
V. SEAL & PACKING SUPPLY & DEMAND 78
General 78
Molded Seals & Packings 82
O-Rings 85
Nitrile Rubber 87
Fluoroelastomers 88
Other 89
Other Molded Seals & Packings 89
Flexible Seals & Packings 90
Diaphragm Seals 91
Other Squeeze-Type Seals 92
All Other Molded Seals & Packings 93
Body Seals 94
Motor Vehicle Body Seals 96
Other Body Seals 99
Shaft Seals 101
Rotary Oil Seals 103
Axial & Mechanical Face Seals 105
Compression Packings 107
VI. GASKET & SEAL MARKETS 110
General 110
Motor Vehicles 114
Industry Overview 115
Gasket & Seal Demand 118
OEM 122
Aftermarket 124
Machinery 126
Construction & Related Equipment 128
Industry Overview 129
Gasket & Seal Demand 131
General Purpose Machinery 132
Industry Overview 133
Gasket & Seal Demand 134
Engines, Turbines, & Power Transmission Equipment 136
Industry Overview 137
Gasket & Seal Demand 137
HVAC, Refrigeration, & Service Equipment 139
Industry Overview 139
Gasket & Seal Demand 140
Other Machinery 142
Industry Overview 142
Gasket & Seal Demand 143
Electrical & Electronic Products 145
Measuring & Controlling Instruments 147
Industry Overview 148
Gasket & Seal Demand 149
Computers & Electronic Equipment 151
Industry Overview 151
Gasket & Seal Demand 153
Appliances 154
Industry Overview 155
Gasket & Seal Demand 156
Electrical Equipment 157
Industry Overview 157
Gasket & Seal Demand 158
Aerospace 161
Industry Overview 161
Gasket & Seal Demand 163
Marine & Rail 165
Industry Overview 165
Gasket & Seal Demand 166
Other Markets 168
Other Durable Goods Outlook 169
Gasket & Seal Demand 170
VII. INDUSTRY STRUCTURE 172
General 172
Industry Composition 173
Market Share & Leading Producers 175
Product Development & Manufacturing 179
Marketing & Distribution 183
Cooperative Agreements 185
Financial Issues & Requirements 187
Mergers, Acquisitions, & Industry Restructuring 189
Company Profiles 193
AGS Flexitallic, see FDS Group
AMETEK Incorporated 194
Bal Seal Engineering Incorporated 197
Boyd, see LTI Boyd
Caterpillar Incorporated 200
CDI Seals, see Fenner
Chesterton (AW) Company 202
Cooper-Standard Holdings Incorporated 204
Dana Holding Corporation 208
Devcon, see Illinois Tool Works
Dichtomatik, see Freudenberg
EagleBurgmann Industries, see Freudenberg
EaglePicher, see Wolverine Advanced Materials
EGC Plastics, see Fenner
ElringKlinger AG 214
EnPro Industries Incorporated 218
FDS Group 226
Federal-Mogul Corporation 231
Fenner plc 237
Flexitallic, see FDS Group
Flowserve Corporation 240
Freudenberg & Company KG 243
Freudenberg-NOK General Partnership, see Freudenberg
Garlock Sealing Technologies, see EnPro Industries
Gore (WL) & Associates Incorporated 251
GPT, see EnPro Industries
Greene, Tweed & Company 253
Gulf Coast Seal, see Parker-Hannifin
Hallite Seals International, see Fenner
HCC Industries, see AMETEK
Henkel AG & Company KGaA 257
Henniges Automotive Incorporated 260
Holm Industries, see ILPEA Industries
Hutchinson Sealing Systems, see Total
Hydrodyne, see EnPro Industries
Illinois Tool Works Incorporated 262
ILPEA Industries Incorporated 266
Interface Solutions Incorporated 267
Ishino Gasket North America, see Freudenberg
JCS, see Caterpillar
Kaydon Corporation 270
KRAIBURG Holding GmbH & Company KG 272
Lamons Gasket, see TriMas
LTI Boyd Corporation 274
LTI Flexible Products, see LTI Boyd
Macrotech Polyseal, see SKF
Nishikawa Standard, see Cooper-Standard Holdings
Palmetto, see Greene, Tweed & Company
Park-Ohio Holdings Corporation 276
Parker-Hannifin Corporation 277
Permatex, see Illinois Tool Works
Pikotek, see EnPro Industries
Plastomer Technologies, see EnPro Industries
Saint-Gobain 283
Simrit, see Freudenberg
SKF AB 287
Smith (Everett) Group Limited 292
Smiths Group plc 294
StanPro, see Cooper-Standard Holdings
Stemco, see EnPro Industries
Stillman Seal, see Total
Tara Technologies, see EnPro Industries
Technetics Group, see EnPro Industries
Total SA 299
Toyoda Gosei Company Limited 301
Trelleborg AB 303
TriMas Corporation 308
Trostel, see Smith (Everett) Group
Wide Range Elastomers, see EnPro Industries
Wolverine Advanced Materials LLC 311
X-Cel India Private, see TriMas
Additional Gasket & Seal Companies 313
LIST OF TABLES
TABLE NUMBER PAGE
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 & SEAL OVERVIEW
1 Gasket & Seal Supply & Demand 19
2 Gasket & Seal Market, 2001-2011 22
3 Gasket & Seal Price Deflators 26
4 World Gasket & Seal Demand by Region 33
5 US Foreign Trade in Gaskets & Seals 35
SECTION IV -- GASKET SUPPLY & DEMAND
1 Gasket Supply & Demand 43
2 Nonmetallic Gasket Supply & Demand 46
3 Elastomeric Gasket Demand 49
4 Advanced Fiber-Based Gasket Demand 55
5 Plastic-Based Gasket Demand 62
6 Expanded Graphite Gasket Demand 64
7 Conventional Fiber-Based Gasket Demand 66
8 Other Nonmetallic Gasket Demand 69
9 Metallic Gasket Supply & Demand 74
SECTION V -- SEAL & PACKING SUPPLY & DEMAND
1 Seal & Packing Supply & Demand 81
2 Molded Seal & Packing Supply & Demand 85
3 O-Ring Demand 87
4 Other Molded Seal & Packing Demand 90
5 Body Seal Supply & Demand 96
6 Motor Vehicle Body Seal Demand 99
7 Other Body Seal Demand 101
8 Shaft Seal Supply & Demand 103
9 Rotary Oil Seal Demand 105
10 Axial & Mechanical Face Seal Demand 107
11 Compression Packing Supply & Demand 109
SECTION VI -- GASKET & SEAL MARKETS
1 Gasket & Seal Demand by Market & Source 112
2 Motor Vehicle Indicators 118
3 Motor Vehicle Gasket & Seal Demand 122
4 OEM Motor Vehicle Gasket & Seal Demand 124
5 Aftermarket Motor Vehicle Gasket & Seal Demand 126
6 Machinery Gasket & Seal Demand by Market & Source 128
7 Construction & Related Equipment Shipments 130
8 Construction & Related Equipment Gasket & Seal Demand 132
9 General Purpose Machinery Shipments 134
10 General Purpose Machinery Gasket & Seal Demand 136
11 Engine, Turbine, & Power Transmission Equipment Shipments 137
12 Engine, Turbine, & Power Transmission Equipment
Gasket & Seal Demand 139
13 HVAC, Refrigeration, & Service Equipment Shipments 140
14 HVAC, Refrigeration, & Service Equipment Gasket & Seal
Demand 141
15 Other Machinery Shipments 143
16 Other Machinery Gasket & Seal Demand 145
17 Electrical & Electronic Product Gasket & Seal Demand
by Market & Source 147
18 Measuring & Controlling Instrument Shipments 149
19 Measuring & Controlling Instrument Gasket & Seal Demand 151
20 Computer & Electronic Equipment Shipments 153
21 Computer & Electronic Equipment Gasket & Seal Demand 154
22 Appliance Shipments 155
23 Appliance Gasket & Seal Demand 157
24 Electrical Equipment Shipments 158
25 Electrical Equipment Gasket & Seal Demand 160
26 Aerospace Equipment Shipments 163
27 Aerospace Gasket & Seal Demand 165
28 Marine & Rail Equipment Shipments 166
29 Marine & Rail Gasket & Seal Demand 168
30 Other Durable Goods Shipments 169
31 Other Gasket & Seal Markets 171
SECTION VII -- INDUSTRY STRUCTURE
1 US Gasket & Seal Sales by Company, 2011 174
2 Capital Spending Patterns: Selected Gasket & Seal
Manufacturers 182
3 Selected Cooperative Agreements 187
4 Composite Financial Ratios: Selected Gasket & Seal
Manufacturers 189
5 Selected Acquisitions & Divestitures 191
LIST OF CHARTS
CHART NUMBER PAGE
SECTION III -- GASKET & SEAL OVERVIEW
1 Gasket & Seal Demand by Product, 2001-2021 20
2 Gasket & Seal Market, 2001-2011 23
3 Gasket & Seal Price Deflators, 2001-2021 26
4 US Gasket & Seal Imports by Source, 2011 37
5 US Gasket & Seal Exports by Destination, 2011 40
SECTION IV -- GASKET SUPPLY & DEMAND
1 Gasket Demand by Type, 2001-2021 44
2 Nonmetallic Gasket Demand by Type, 2011 47
SECTION V -- SEAL & PACKING SUPPLY & DEMAND
1 Seal & Packing Demand by Type, 2001-2021 82
SECTION VI -- GASKET & SEAL MARKETS
1 Gasket & Seal Demand by Market, 2011 113
2 OEM Gasket & Seal Demand as a Percentage of Total Demand, 2011 113
3 Difference in Gasket and Seal Demand by Market Between
2011 & 2016 114
SECTION VII -- INDUSTRY STRUCTURE
1 US Gasket & Seal Market Share, 2011 175