Growth in the world market for gaskets and seals will average 5.3% annually through 2019 to $70.8 billion. Demand will be fueled by increases in durable goods production and gross fixed investment. The development of more durable, better performing gaskets and seals will also contribute to overall sales gains.
This report segments the industry by product, market, and source. Data is provided in dollars.
Gaskets (metallic and nonmetallic)
Seals (molded packings and seals, motor vehicle body seals, and other)
Molded packings and seals are the most important product in value terms, accounting for 25% of the 2014 demand total. The fastest gains through 2019 will be posted by molded packings and seals, and metallic gaskets, driven by increases in aerospace equipment, machinery, and motor vehicle output.
Major markets include:
Electrical and electronics equipment
Motor vehicles were the leading market in 2014, accounting for 39% of global demand. The most rapid gains through 2019 are forecast for machinery, fueled by increases in industry output.
The two sources of gasket and seal demand are:
Original equipment manufacturing (OEM)
OEM applications account for the larger share of demand, 67% in 2014, and will post above average sales advances through 2019 as durable goods production rises.
World regions and countries covered in the study include:
Central & South America
The strongest market gains will be registered by the Africa/Mideast region, supported by durable goods output growth. However, the Asia/Pacific region will continue to represent the largest regional market for gaskets and seals, reflecting the huge size of the durable goods industries in countries such as China and Japan.
Thousands of companies are active in the world gasket and seal industry. Leading manufacturers include Anhui Zhongding, Cooper-Standard, Federal-Mogul, Freudenberg, Garlock Sealing Technologies, Henniges Automotive, Hutchinson, John Crane, SKF, and Toyoda Gosei.