As Recession Ends, US Market for Gaskets & Seals Rises to $9.6 Billion and Exports to China Increase Sharply
FARMINGTON, Conn., May 29, 2012 /PRNewswire-iReach/ — Global Information, Inc. is pleased to announce two significant new reports studying the impact of the end of the recession on the multi-billion dollar Gaskets and Seals market:
Gaskets & Seals – US Markets
US-based demand for gaskets and seals is forecast to increase to $9.6 billion at an annual rate of 4.6% through 2016, according to new Gaskets & Seals market research from the Freedonia Group
Among all gasket and sealing products, the strongest growth will be among compression packings, body seals, and expanded graphite gaskets. Demand for compression packings will be spurred by increases in machinery output and capital spending as the global economy climbs out of recession. The turnaround in motor vehicle production will be a primary factor driving body seal demand, and expanded graphite gaskets will continue to supplant traditional gasketing materials in a variety of motor vehicle and machinery settings because of their high chemical and temperature resistance and light weight.
This Freedonia industry study presents historical demand data (2001, 2006, 2011) and forecasts for 2016 and 2021 by type and market. An Executive Summary for this report and a free sample of the full document are available at http://www.giiresearch.com/report/fd242715-gaskets-seals.html
Gaskets & Seals – Chinese Markets
For another study of a related market, Asia Market Information & Development’s new market research report on the Chinese markets for gaskets and seals offers over 280 pages of valuable information.
As China has continued to industrialize, demand for products like gaskets and seals has increased, and domestic manufacturing capacity has also climbed. US exports of gasket and sealing products to China nearly doubled between 2006 and 2011, and US imports from China more than doubled during this span. This new study examines China’s economic trends, investment environment, industry development, supply and demand, industry capacity, industry structure, marketing channels and major industry participants.
Historical data (2001, 2006 and 2011) and long-term forecasts through 2016 and 2021 are presented. Major producers in China are profiled.
An Executive Summary for this report and a free sample of the full document are available at http://www.giiresearch.com/report/amid239591-chinese-markets-gaskets-seals.html
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SOURCE Global Information, Inc.