United States Gasket Market – Insights, Trends and Projections 2018

IndexBox has just released a new report “U.S. Gasket, Packing, And Sealing Device Market – Analysis And Forecast to 2025“.

According to the report, the value of gasket production in the U.S. totaled $5.8B in 2016, descending by -4.0% from the previous year. Overall, the U.S. gasket output pursued a measured growth from 2007 to 2016. The total output figures increased at an average annual rate of +0.4%. The trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most perceptible growth was recorded in 2010, when the value of production increased by +14% from the previous year. Over the period under review, the output figure with regard to gasket in the United States peaked at $6.2B in 2014, leveling off in the following year.

Packing and seals, molded accounted for the highest share (26% in 2016) of U.S. gasket manufacturing, leaving a considerable room for gaskets and gasketing, nonmetallic (25%). The other related products with less notable individual shares together comprised approx. 49% of the total output. From 2008 to 2016, the value of shipments of packing and seals, molded picked up at an average annual rate of +3.3%. By contrast, the output of gaskets and gasketing, nonmetallic went down by an average -2.0% per year.

This report is designed to provide accurate and comprehensive data, as well as a detailed analysis of the current state and midterm prospects of the U.S. gasket industry. It includes a market overview, which consolidates the key conclusions made from the analysis of the market study, revealing actionable insights in the gasket industry. The report provides a forecast of the expected changes in the gasket market in coming years, based on historical trends, external and internal factors, and the main developments affecting the market. Each section contains an in-depth analysis of the data provided. Further data in the report includes: the historical values and current projections regarding production and consumption volume, datasets on the 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.

The trade section provides data on trade partners, such as historical data on imports & exports for each partner country, changes in the direction of trade, as well as import & export prices. An analysis of the gasket trade shows the opportunities that are currently evolving for producers and suppliers in a changing market.

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.

IndexBox’s methodology consists of obtaining information from a list or highly reliable sources (both paid and open), which include, but are not limited to:

– International official statistical agencies
– Governmental statistical agencies
– Official trade statistics
– Paid trade databases
– Industrial associations
– Company reports
– Industry experts

The AI platform, developed by IndexBox data scientists, compares the disparate pieces of information gathered from various sources, using the relevant methods of data cleaning, categorization, normalization, and predictive modelling for each unique situation. The market trends are provided by our experienced analysts, taking into account recent notable events in the market, in both adjacent and related markets, the raw materials markets, and in those markets, which are the main demand creators for the product under research. The forecast is created using a set of predictive and analytical models, mainly by processing country-by-country data on consumption, production, exports, imports and prices, as well as industry, economic and consumption trends, in addition to possible political and technological trends patterns.

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