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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)
© by The Freedonia Group, a division of MarketResearch.com