Gaskets and Seals Market to Clock Sales of $34.2 Billion in 2010, According to New Report by Global Industry Analysts, Inc.
Demand from the developing world, and vehicle production are likely to drive growth in the gaskets and seals market. Despite sluggish demand, the automotive industry continues to be the principal end-user. The global market is expected to grow at a moderate pace and garner sales worth US$34.2 billion by 2010.
San Jose, California (PRWEB) July 17, 2007 -- Innovative technological developments in gaskets and seals industry have resulted in extended product life, thereby reducing demand for replacement components. Previously, replacement cycles were between three to seven years, which now span six to ten years. New age gaskets and seals are produced with improved rubber and engineered materials that enhance product quality, thereby directly affecting demand. The market is witnessing a shift towards multi-layered steel (MLS) and molded rubber.
United States is the largest market worldwide, worth an estimated US$10 billion in 2007. Europe is the second largest regional market followed by Asia-Pacific at third position. US, Asia and Europe collectively account for over 75 percent of the global gaskets and seals market. The global and regional markets are expected to grow at CAGRs ranging between 3% and 7% through 2010.
Non-metallic gaskets, which represents the largest segment, is estimated at US$10.5 billion in 2007. The seals market is projected to reach US$11.6 billion by 2010.
The global marketplace is characterized by the presence of participants such as Blue Diamond Technologies, Dana Corporation, Dupont Performance Elastomers, ElringKlinger AG, Federal Mogul Corp, Freudenberg-NOK, Flexitallic Group, Flowserve Corp, GDX Automotive, Greene, Tweed Company, Henkel Corporation, Parker Hannifin Corp, Reed Rubber and Foam Products, Saint Gobain Performance Plastics, SKF Group, Smiths Group Plc, Trelleborg Sealing Solutions and W.L. Gore & Associates.
"Gaskets & Seals: A Global Strategic Business Report" provides a comprehensive review of market trends, drivers, product profile, players, competition, recent developments, mergers, acquisitions, and other strategic industry activities. Analysis is presented for major geographic markets such as United States, Japan, France, Germany, the UK, Italy, Spain, Asia, Latin America and the Middle East. The study presents analytics by end-use markets and by product segments for the period 1991-2010. End-Use industries analyzed are Automotive, Process & Refinery, Pumps & Valves, Pulp & Paper, Shipping & Marine and Other Markets. Product segments analyzed include Gaskets (Non Metallic & Metallic) and Seals (Rotary & Mechanical).
For more details about this research report, please visit www.strategyr.com/MCP-1025.asp.
About Global Industry Analysts, Inc.:
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Web Site www.StrategyR.com
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