Freedonia In The News
Article Title: Gaskets and seals market to expand almost 4% yearly to 2018 in US
Publication: MRO Machinery & Equipment, 11/6/2014
Freedonia Study: Gaskets & Seals (3226)
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The US market for gaskets and seals is expected to expand 3.8% annually through 2018 to $10.6 billion. Gasket and seal manufacturers will benefit from solid increases in motor vehicle output, machinery production and capital spending.
Rising demand for more expensive sealing products made from advanced materials will also 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.
These and other trends are presented in Gaskets & Seals, a new study from The Freedonia Group Inc., a Cleveland-based market research firm.
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