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US demand for Gaskets & Seals to reach $9.6 billion in 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 growth. However, in the longer term this will have a mixed effect on the market, 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 industry market research firm.

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.

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 growing 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.

Gaskets & Seals (published 05/2012, 321 pages) is available for $4900 from The Freedonia Group, Inc., 767 Beta Drive, Cleveland, OH 44143-2326. For further details, please contact Corinne Gangloff by phone 440.684.9600, fax 440.646.0484 or e-mail pr@freedoniagroup.com, Information may also be obtained through www.freedoniaqroup.com.

A limited license to use or reprint information from this news release is granted to you provided attribution for the same--including, if possible, the price of the report--is given to The Freedonia Group, Inc. (Cleveland, OH). We would also appreciate the courtesy of receiving a copy of the article or publication in which we appear.
GASKET & SEAL DEMAND
(million dollars)

 % Annual Growth

Item 2006 2011 2016 2006- 2011
 2011 2016

Gasket & Seal Demand 7599 7630 9550 0.1 4.6
 Gaskets 3048 2945 3560 -0.7 3.9
 Seals 4551 4685 5990 0.6 5.0

[c] 2012 by The Freedonia Group, Inc.
COPYRIGHT 2012 Subscription: $00.00 per year as of 1/94. Published irregularly. Contact Freedonia Group, 3570 Warrensville Center Rd. Suite 201, Cleveland, OH 44122. Phone (216) 921-6800. Fax (216) 921-5459.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2012 Gale, Cengage Learning. All rights reserved.

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Publication:Research Studies - Freedonia Group
Date:May 27, 2012
Words:515
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