Gasket and Seal Market in the US 2015-2019
About Gaskets and Seals
A seal is a device used to control leakage of liquids or gases in industries like automotive, manufacturing, aerospace, electrical and electronics and petrochemicals. A gasket is a type of static seal used to provide a barrier between the mating surfaces of mechanical assemblies.
Technavio’s analysts forecast the gasket and seal market in the US to grow at a CAGR of 4.83% over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the gasket and seal market in the US during the period 2015–2019. For ascertaining the market size and vendor share the report considers the revenue obtained from various types of gaskets and seals.
Technavio's report, the Gasket and Seal Market in the US 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the gasket and seal market landscape in the US and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Gasket and Seal Market in the US 2015-2019
Technavio recognizes the following companies as the key players in the Gasket and Seal Market in the US: Dana Holdings, Flowserve, Freudenberg Sealing Technologies and Parker Hannifin
Other Prominent Vendors in the market are: Bal Seal Engineering, Cooper-Standard, Federal-Mogul, Flexitallic Group, Garlock Sealing Technology, Henniges Automotive Sealing Systems, Hutchinson Sealing Systems, Timken and Trelleborg
Commenting on the report, an analyst from Technavio’s team said: “Gaskets and seals are increasingly being used in difficult conditions where temperatures can range from -32 degrees Fahrenheit to above 1,832 degrees Fahrenheit. Therefore, the raw materials for seals and gaskets that can cope with these temperatures include high-grade steel alloys. Other metals such as aluminum, monel, and copper are also used as metal covers and expanded graphite is used as a filler material. The raw materials used for non-metallic gaskets include rubbers, silicone, fluoroelastomer, aramide fiber, carbon fiber, cellulose fiber, glass fiber, and mineral fiber, which provide high strength and stability, chemical resistance, and resistance to acids. The use of these high-quality materials helps in extending the life of gaskets and seals. An improvement in the working life of gaskets and seals results in the lengthening of the replacement time of gaskets and seals. This factor is expected to have a negative influence on the share of the aftermarket for gaskets and seals in the US.”
According to the report, the US EPA develops and enforces laws and regulations enacted by the US Congress to protect the environment. Process industries such as the oil and gas, water and wastewater, chemical, and pharmaceutical industries have to comply with these stringent regulations to reduce pollution and ensure environment sustainability. These industries use gaskets and seals to adhere to EPA guidelines as the products help to prevent the leakage of oil, air, steam, and other fluids through pipes, boilers, and other equipment.
Further, the report states that the fluctuating prices of raw materials used for manufacturing gaskets and seals are inhibiting the growth of the gasket and seal market in the US.
Dana Holdings, Flowserve , Freudenberg Sealing Technologies, Parker Hannifin, Bal Seal Engineering , Cooper-Standard, Federal-Mogul, Flexitallic Group, Garlock Sealing Technology, Henniges Automotive Sealing Systems, Hutchinson Sealing Systems, Timken, Trelleborg