The U.S. is the leading global importer of gaskets, packing, and sealing devices, with a 12% share of total imports. It was followed by Germany (9%), China (7%), and Mexico (6%). In 2015, U.S. gasket, packing, and sealing device imports totaled 9,503 million USD, which was 287 million USD (+3%) higher than the previous year’s value.
U.S. gasket, packing, and sealing device imports showed mixed dynamics from 2007 to 2015. A slight decline in 2009 switched to steady growth over the next six years. There was an annual increase of +5.0% throughout the analysed period. In 2010, U.S. gasket, packing, and sealing device imports surpassed the pre-recession level of 2008 and continued stable growth.
Despite fierce competition, the U.S. continues to be one of the most attractive destinations for overseas suppliers.
In 2015, China (2.9 billion USD), Mexico (1.6 billion USD), and Canada (931 million USD) were the main suppliers of gaskets, packing, and sealing devices to the U.S., together accounting for 57.9% of U.S. imports. China and Mexico strengthened their positions in the U.S. import structure from 2007 to 2015, while Canada saw its share reduced.
Mexico (+8.8% per year) and China (+7.0% per year) had the highest growth rates of imports between 2007 and 2015. Japan and Germany followed, expanding imports with average annual rates of +3.6% and +5.1%, respectively. Among this group of leaders, only Canada displayed negative dynamics, with imports dropping by -2.8% over the last seven years.
The foreign trade balance of the U.S. gasket, packing, and sealing device market approached zero. However, net U.S. imports of gaskets, packing, and sealing devices have shown a downward trend since 2013. In 2015, this industry’s trade deficit decreased to 26.5 million USD, standing at approximately 0.3% of gross imports. The annual growth rates of imports and exports were approximately equal over the period under review.
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“U.S. Gasket, Packing, And Sealing Device Market. Analysis And Forecast to 2020” provides an in-depth analysis of the U.S. market for gaskets, packing, and sealing devices. It presents the latest data of the market size and volume, domestic production, exports and imports, price dynamics and turnover in the industry. In addition, the report contains insightful information about the industry, including industry life cycle, business locations, productivity, employment and many other crucial aspects. The Company Profiles section contains relevant data on the major players in the industry.
Countries coverage: the U.S.
- Market size;
- Domestic production, value of shipments;
- Key market players and their profiles;
- Exports, imports and trade balance;
- Import and export prices;
- Forecast of the market dynamics in the medium term;
- Key industry statistics;
- Life cycle of the industry;
- Number of establishments and their locations;
- Employment data;
- Industry productivity.
Product coverage: Packing, compression type; Gaskets and gasketing, nonmetallic; Packing and seals, molded; Gaskets and seals, metallic and machined; Seals, axial, mechanical face, including parts; Seals, rotary oil; Gasket, packing, and sealing device manufacturing, nsk, total
Companies mentioned: Enpro Industries, Tweed Greene & Co, Wika Instrument, Garlock Sealing Technologies, John Crane, Forest City Technologies, Ilpea Industries, Acushnet Rubber Company, L & L Products, Utex Industries, Flowserve Fsd Corporation, Unique Fabricating Incorporated, A. W. Chesterton Company, Interface Performance Materials, Lamons Gasket Company, Schlegel Systems, Amesbury Group, CDI Energy Products, The Flexitallic Group, Hutchinson Seal Corporation, Ghx Industrial, Coltec Industries, Fgi Acquisition Corp., Federal-Mogul Powertrain, Henniges Automotive Sealing Systems North America, Perkinelmer Holdings, Zephyros, Chestnut Holdings, Zd USA Holdings, Technetics Group
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TABLE OF CONTENTS:
1.1 REPORT DESCRIPTION
1.2 REPORT STRUCTURE
1.3 RESEARCH METHODOLOGY
2. EXECUTIVE SUMMARY
2.1 KEY FINDINGS
2.2 MARKET TRENDS
3. MARKET OVERVIEW
3.1 MARKET VALUE
3.2 TRADE BALANCE
3.3 MARKET OPPORTUNITIES
3.4 MARKET FORECAST TO 2020
4. DOMESTIC PRODUCTION
4.1 PRODUCTION IN 2008-2015
4.2 PRODUCTION BY TYPE
4.3 PRODUCTION BY STATE
4.4 PRODUCER PRICES
5.1 IMPORTS IN 2007-2015
5.2 IMPORTS BY TYPE
5.3 IMPORTS BY COUNTRY
5.4 IMPORT PRICES BY COUNTRY
6.1 EXPORTS IN 2007-2015
6.2 EXPORTS BY TYPE
6.3 EXPORTS BY COUNTRY
6.4 EXPORT PRICES BY COUNTRY
7. COMPETITIVE LANDSCAPE
7.1 INDUSTRY SNAPSHOTS
7.2 INDUSTRY LIFE CYCLE
7.3 BUSINESS LOCATIONS
7.5 ANNUAL PAYROLL
7.6 INDUSTRY PRODUCTIVITY
7.7 ESTABLISHMENT SIZE AND LEGAL FORM
8. COMPANY PROFILES