Study #: 3767 | Published: 06/2019 | Pages: 84 | Individual User License: US$ 4,900

Demand for gaskets and seals in the US is forecast to increase 3.3% per year through 2023 to $10.3 billion, with sales boosted by ongoing manufacturing gains in a number of durable goods industries.

However, continued improvements in gasket and seal design will limit long term sales potential as the better performance and longer lifespan of sealing products installed in original equipment restricts aftermarket opportunities.

Key Findings in the Gaskets & Seals Study:

Key Product Trends Through 2023

Molded seals and packings are expected to post the strongest advances in demand through 2023, with particularly favorable prospects in machinery and processing equipment, where these products are critical components in hydraulic and other fluid power systems.

Advances in body seals will be hampered by slow growth in the motor vehicle market. However, demand for body seals installed in other transportation equipment, such as aerospace, marine, and rail equipment, will be boosted by strong expected increases in equipment production.

Nonmetallic gaskets will also register below average gains through 2023. Demand will be restrained by ongoing competition with other sealing products, especially metallic gaskets, and the limited performance capabilities of some products included in this segment.

Key Market Trends Through 2023

Although they will remain the largest market segment for gaskets and seals, motor vehicles will register the slowest advances. An expected decline in automobile production will offset advances in heavy truck and bus shipments.

Marine and rail equipment are expected to post the fastest gains of any market segment, though they will remain a small market for gaskets and seals. US production of this equipment is expected to be particularly strong through 2023, bolstering demand for necessary components.

Strong expected output gains for aerospace equipment and machinery, such as off-road equipment (for the agriculture, construction, forestry, and mining industries) and engines, turbines, and power transmission equipment will contribute to above average gasket and seal sales. This is due to the fact that this equipment typically uses a significant quantity of gaskets and seals, and most sealing products used are of higher quality to ensure that the equipment functions properly.

Study Coverage

This Freedonia industry study analyzes the $8.8 billion US gasket and seal market. It presents historical demand data (2008, 2013, and 2018) and forecasts for 2023 by product (conventional metallic gaskets, machined metallic seals, elastomeric gaskets, advanced fiber gaskets, plastic-based gaskets, expanded graphite gaskets, conventional fiber gaskets, molded seals and packings, body seals, shaft seals, and compression packings) and market (motor vehicles; construction and related machinery; general purpose machinery; engine, turbine, and power transmission equipment; HVAC, refrigeration, and service equipment; measuring and control instruments; electrical equipment; computers and electronics; appliances; aerospace equipment; marine and rail equipment). The study also evaluates company market share and analyzes industry competitors including Dana, EnPro Industries, Federal Mogul, Freudenberg, Henniges Automotive, John Crane, Parker Hannifin, and SKF.


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Table of Contents

1. Market Brief

2. Overview

Factors Impacting Gasket & Seal Demand

Historical Demand Trends

Pricing Trends

Technology & Material Trends

3. Products

Gaskets vs. Seals & Packings

Gaskets

Demand by Product

Metallic Gaskets

Nonmetallic Gaskets

Demand by Material

Elastomeric Gaskets

Advanced Fiber-Based Gaskets

Plastic-Based Gaskets

Expanded Graphite Gaskets

Conventional Fiber-Based Gaskets

Other Nonmetallic Gaskets

Seals & Packings

Demand by Product

Molded Seals & Packings

Body Seals

Shaft Seals

Compression Packings

4. Markets

Gasket & Seal Demand by Market & Source

Motor Vehicles

Machinery

Demand by Equipment Type & Source

Construction & Related Equipment

General Purpose Machinery

Engine, Turbine, & Power Transmission Equipment

HVAC, Refrigeration, & Service Equipment

Other Machinery

Electrical & Electronic Products

Demand by Product Type & Source

Measuring & Controlling Instruments

Electrical Equipment

Computers & Electronic Equipment

Appliances

Aerospace Equipment

Marine & Rail Equipment

Other Markets

5. Industry Structure

Key Findings & Industry Composition

Market Share

Mergers & Acquisitions

Cooperative Agreements

6. Appendix

Scope

Definitions

Abbreviations

Methodology

Related Studies & Reports

Macroeconomic Assumptions

Economic Environment

Manufacturers' Shipments


List of Tables

2. Overview

Table 2-1 | Gasket & Seal Pricing, 2008 - 2023 (2012=100)

3. Products

Table 3-1 | Gasket & Seal Demand, 2008 - 2023 (million dollars)

Table 3-2 | Gasket Demand by Product, 2008 - 2023 (million dollars)

Table 3-3 | Metallic Gasket Demand by Type, 2008 - 2023 (million dollars)

Table 3-4 | Nonmetallic Gasket Demand by Material, 2008 - 2023 (million dollars)

Table 3-5 | Elastomeric Gasket Demand by Type, 2008 - 2023 (million dollars)

Table 3-6 | Advanced Fiber-Based Gasket Demand by Type, 2008 - 2023 (million dollars)

Table 3-7 | Plastic-Based Gasket Demand by Type, 2008 - 2023 (million dollars)

Table 3-8 | Expanded Graphite Gasket Demand, 2008 - 2023 (million dollars)

Table 3-9 | Conventional Fiber-Based Gasket Demand by Type, 2008 - 2023 (million dollars)

Table 3-10 | Other Nonmetallic Gasket Demand by Type, 2008 - 2023 (million dollars)

Table 3-11 | Seal & Packing Demand by Product, 2008 - 2023 (million dollars)

Table 3-12 | Molded Seal & Packing Demand by Type, 2008 - 2023 (million dollars)

Table 3-13 | Body Seal Demand by Application, 2008 - 2023 (million dollars)

Table 3-14 | Shaft Seal Demand by Type, 2008 - 2023 (million dollars)

Table 3-15 | Compression Packings Demand by Material, 2008 - 2023 (million dollars)

4. Markets

Table 4-1 | Gasket & Seal Demand by Market & Source, 2008 - 2023 (million dollars)

Table 4-2 | Motor Vehicle Gasket & Seal Demand by Source, 2008 - 2023 (million dollars)

Table 4-3 | Machinery Gasket & Seal Demand by Equipment Type & Source, 2008 - 2023 (million dollars)

Table 4-4 | Electrical & Electronic Gasket & Seal Demand by Product Type & Source, 2008 - 2023 (million dollars)

Table 4-5 | Aerospace Equipment Gasket & Seal Demand by Source, 2008 - 2023 (million dollars)

Table 4-6 | Marine & Rail Equipment Gasket & Seal Demand by Source, 2008 - 2023 (million dollars)

Table 4-7 | Gasket & Seal Demand in Other Markets by Source, 2008 - 2023 (million dollars)

5. Industry Structure

Table 5-1 | US Gasket & Seal Sales by Company, 2018 (million dollars)

Table 5-2 | Selected Acquisitions & Divestitures

Table 5-3 | Selected Cooperative Agreements

6. Appendix

Table 6-1 | Relevant NAICS & SIC Codes

Table 6-2 | Relevant HS Codes

Table 6-3 | Abbreviations Used in This Report

Table 6-4 | Macroeconomic Indicators, 2008 - 2023 (billion 2012 dollars)

Table 6-5 | Manufacturers' Shipments, 2008 - 2023 (billion dollars)


List of Figures

1. Market Brief

Figure 1-1 | US Gasket & Seal Market

2. Overview

Figure 2-1 | Gasket & Seal Demand by Type, 2004 - 2018 (billion dollars)

3. Products

Figure 3-1 | Gasket & Seal Demand Share, 2008 - 2023 (million dollars)

Figure 3-2 | Gasket Demand Share by Product, 2018 (billion dollars)

Figure 3-3 | Metallic Gaskets Demand by Type, 2004 - 2018 (million dollars)

Figure 3-4 | Nonmetallic Gasket Demand by Material, 2004 - 2018 (million dollars)

Figure 3-5 | Seal & Packing Demand Share by Product, 2018 (billion dollars)

Figure 3-6 | Molded Seal & Packing Demand by Type, 2004 - 2018 (million dollars)

Figure 3-7 | Motor Vehicle Body Seal Demand by Application, 2004 - 2018 (million dollars)

Figure 3-8 | Other Body Seal Demand by Application, 2004 - 2018 (million dollars)

Figure 3-9 | Shaft Seal Demand by Type, 2004 - 2018 (million dollars)

Figure 3-10 | Compression Packings Demand by Material, 2004 - 2018 (million dollars)

4. Markets

Figure 4-1 | Gasket & Seal Demand Share by Market, 2018 (billion dollars)

Figure 4-2 | OEM Motor Vehicle Gasket & Seal Demand, 2004 - 2018 (million dollars)

Figure 4-3 | Aftermarket Motor Vehicle Gasket & Seal Demand, 2004 - 2018 (million dollars)

Figure 4-4 | Machinery Gasket & Seal Demand, 2004 - 2018 (million dollars)

Figure 4-5 | Construction & Related Equipment Gasket & Seal Demand, 2004 - 2018 (million dollars)

Figure 4-6 | General Purpose Machinery Gasket & Seal Demand, 2004 - 2018 (million dollars)

Figure 4-7 | Engine, Turbine, & Power Transmission Equipment Gasket & Seal Demand, 2004 - 2018 (million dollars)

Figure 4-8 | HVAC, Refrigeration, & Service Equipment Gasket & Seal Demand, 2004 - 2018 (million dollars)

Figure 4-9 | Other Machinery Gasket & Seal Demand, 2004 - 2018 (million dollars)

Figure 4-10 | Electrical & Electronic Product Gasket & Seal Demand, 2004 - 2018 (million dollars)

Figure 4-11 | Measuring & Controlling Instrument Gasket & Seal Demand, 2004 - 2018 (million dollars)

Figure 4-12 | Electrical Equipment Gasket & Seal Demand, 2004 - 2018 (million dollars)

Figure 4-13 | Computers & Electronic Equipment Gasket & Seal Demand, 2004 - 2018 (million dollars)

Figure 4-14 | Appliance Gasket & Seal Demand, 2004 - 2018 (million dollars)

Figure 4-15 | Aerospace Equipment Gasket & Seal Demand, 2004 - 2018 (million dollars)

Figure 4-16 | Marine & Rail Gasket & Seal Demand, 2004 - 2018 (million dollars)

Figure 4-17 | Gasket & Seal Demand in Other Markets, 2004 - 2018 (million dollars)

5. Industry Structure

Figure 5-1 | US Gasket & Seal Market Share by Company, 2018 (billion dollars)

6. Appendix

Figure 6-1 | Annual Growth in Real GDP, 2000 - 2018, Compared to 1980 - 2005 Average (percent)


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