Rebounds in construction expenditures and motor vehicle production, as well as positive outlooks
for capital spending and machinery production, will benefit gasket and seal manufacturers.
US demand to rise 4.6%
annually through 2016
US demand for gaskets and seals is
forecast to increase 4.6 percent per
annum to $9.6 billion in 2016, a substantially
higher growth rate than during the
2006-2011 period. Rebounds in construction
expenditures and motor vehicle
production, as well as positive outlooks
for capital spending and machinery
production, will benefit gasket and seal
manufacturers. Increased use of better
performing gaskets and seals made from
advanced materials, which offer improved
lifespans over traditional sealing
materials, will also stimulate dollar
Motor vehicle, machinery
markets to lead gains
The marine and rail market is projected
to post the most rapid growth through
2016 of any of the major gasket and seal
markets. Sizable replacement product
sales opportunities and the positive
outlook for marine and rail equipment
shipments will bolster sales gains.
However, because of their much larger
shares of overall demand, the motor
vehicle and machinery industries will
record much stronger increases in dollar
terms. A rebound in motor vehicle
production and a rise in the number of
motor vehicles in use will fuel sales of
related gasket and sealing products. In
addition, the rising use of better performing,
higher-priced gaskets and seals will
further drive value gains. Increases in
machinery gasket and seal demand will
be supported by the existence of a large
aftermarket, reflecting the harsh conditions
that many machinery products
operate in; and an increase in machinery
outputs as capital expenditures rise.
Best gains seen for
body seals & expanded
Among all gasket and sealing products,
compression packings, body seals, and
expanded graphite gaskets will register
the strongest growth through 2016.
Demand for compression packings will
be spurred by increases in machinery
output and capital spending. The rebound
in motor vehicle production will be
the primary factor driving body seal
demand, and expanded graphite gaskets
will continue to supplant traditional
gasketing materials in a variety of motor
vehicle and machinery settings because
of their high chemical and temperature
resistance and light weight.
In 2011, OEM applications made up over
three-fifths of all gasket and seal sales.
Aftermarket product demand was greater
than OEM sales in the machinery market
and equal to OEM demand in aerospace
applications. Replacement sales in the
electric and electronic products market,
however, only accounted for 28 percent
of the 2011 sales total.
This study analyzes the $7.6 billion US gasket and seal industry. It presents historical demand data for the years 2001, 2006 and 2011, with forecasts for 2016 and 2021 by product (e.g., nonmetallic gaskets, metallic gaskets, molded seals and packings, body seals, shaft seals) and market (e.g., motor vehicles, machinery, electrical and electronic products, aerospace, marine and rail).
The study also considers market environment factors, details industry structure, evaluates company market share and profiles 34 industry players, including Freudenberg, Federal-Mogul and Parker-Hannifin.