Through 2012, the US market for
href="http://www.shield-sealing.com/Sealing-Sheet-Gasket-c3.html">gaskets
and
seals is expected to expand 2.7
percent per year (including price increases) to $8.7 billion, an improvement
over
sales performance during the
1997-2007 period as a whole. Demand will be fueled by a rebound in motor vehicle
production, as well as by solid increases in machinery shipments and capital
spending. Rising demand for more expensive sealing products made from advanced
materials will also benefit
gasket
and
seal manufacturers. As is often
the case, however, increased use of better performing products will have a mixed
effect over time, as initial value gains will tend to be offset by longer useful
lives, decreasing aftermarket sales.
Expanded graphite
href="http://www.shield-sealing.com/Exhaust-System-Gasket-c9.html">gaskets,
plastic
href="http://www.shield-sealing.com/Cut-Gasket-Seal-Packing-c23.html">gaskets
and body
href="http://www.shield-sealing.com/Expanded-Carbon-Graphite-Braided-Packing-c10.html">seals
will post the most rapid sales increases among individual products. Expanded
graphite and plastic
href="http://www.shield-sealing.com/PTFE-Aramid-Fiber-Packing-c11.html">gaskets
will continue to supplant more traditional gasketing material because of their
improved performance characteristics, and both product types will benefit from
an improved motor vehicle industry outlook. Body seal demand will also be
spurred by a rebound in motor vehicle production, as well as by healthy
increases in aerospace equipment and construction machinery shipments.
Motor vehicle, machinery markets to offer strongest growth
opportunities
Aerospace demand for gaskets and
href="http://www.shield-sealing.com/Graphite-Sheet-Seal-Packing-c18.html">seals
is forecast to grow the most rapidly of any major market through 2012. Growth
will be driven by increased spending on military aircraft due to the ongoing war
on terror and from rising civil aircraft production levels. Based on their much
larger size, the motor vehicle and machinery markets will provide greater sales
opportunities for gasket and seal makers than the faster growing aerospace
equipment market. Increases in motor vehicle production, as well as in the
number of motor vehicles in use, will support associated gasket and seal sales
advances. A move toward the use of higher-end sealing products in the motor
vehicle market will also contribute to future value gains. Continued growth in
capital spending and a large aftermarket created by harsh operating environments
will bolster machinery
href="http://www.shield-sealing.com/Spiral-Wound-Gasket-Seal-Packing-c24.html">gasket
and seal demand. Original equipment manufacturing (OEM) applications account for
nearly two-thirds of all gasket and seal demand.
However, this ratio varies widely on an industry-by-industry basis.
In both aerospace and machinery applications, aftermarket demand was larger than
its OEM counterpart in 2007. In contrast, OEM demand made up just 28 percent of
all electric and electronic product gasket and seal demand in the same year.
Study coverage
This new industry study, Gaskets and
href="http://www.shield-sealing.com/Non-asbestos-Jointing-Sheet-Seal-Packing-c20.html">Seals,
presents historical supply and demand data (1997, 2002 and 2007) plus forecasts
for 2012 and 2017 by product type (seal and packing, gasket) and market. In
addition, the study considers market environment factors, evaluates company
market share and profiles 33 competitors in the US industry.
The professional manufacturer of
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