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U.S. Gasket, Packing, And Sealing Device Market. Analysis And Forecast to 2025

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Article Publishing Date: Jul 4, 2019

Gasket, Packing, And Sealing Device Market in the USA - Key Insights

IndexBox has just published a new report, the U.S. Gasket, Packing, And Sealing Device Market. Analysis And Forecast to 2025. Here is a summary of the report's key findings.

The revenue of the market of gasket, packing, and sealing device in the U.S. amounted to $5.2B in 2017, jumping by 3.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption of gasket, packing, and sealing device continues to indicate a pronounced drop. The growth pace was the most rapid in 2015, with an increase of 6.4% year-to-year. In that year, the market for gasket, packing, and sealing device attained its peak level of $6.4B. From 2016 to 2017, the growth of the market for gasket, packing, and sealing device failed to regain its momentum.

Production of Gasket, Packing, And Sealing Device in the USA


In value terms, production of gasket, packing, and sealing device totaled $9B in 2017. Overall, production of gasket, packing, and sealing device continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014, when the the output figure increased by 1.9% y-o-y. In that year, production of gasket, packing, and sealing device reached its peak level of $9.3B. From 2015 to 2017, production of gasket, packing, and sealing device growth remained at a somewhat lower figure.

Exports from the USA


Exports of gasket, packing, and sealing device from the U.S. stood at 7.1K tonnes in 2017, jumping by 3.9% against the previous year. In general, exports of gasket, packing, and sealing device continue to indicate a deep slump. The growth pace was the most rapid in 2014, when the exports increased by 67% against the previous year. In that year, exports of gasket, packing, and sealing device reached their peak of 17K tonnes. From 2015 to 2017, the growth of exports of gasket, packing, and sealing device remained at a somewhat lower figure.

In value terms, exports of gasket, packing, and sealing device totaled $194M (IndexBox estimates) in 2017. Overall, exports of gasket, packing, and sealing device continue to indicate a drastic curtailment. In that year, exports of gasket, packing, and sealing device attained their peak of $350M. From 2015 to 2017, the growth of exports of gasket, packing, and sealing device remained at a lower figure.

Exports by Country


Germany (1.4K tonnes), China (1K tonnes) and France (738 tonnes) were the main destinations of exports of gasket, packing, and sealing device from the U.S., together comprising 45% of total exports. Taiwan, Chinese, the UK, Australia, Brazil, Saudi Arabia, Colombia, the United Arab Emirates, Chile and China, Hong Kong SAR lagged somewhat behind, together comprising a further 25%.

From 2013 to 2017, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by the UK, while the other leaders experienced more modest paces of growth.

In value terms, China ($26M), Australia ($19M) and Germany ($15M) constituted the largest markets for gasket, packing, and sealing device exported from the U.S. worldwide, together accounting for 31% of total exports. These countries were followed by France, Brazil, Saudi Arabia, Colombia, Chile, the United Arab Emirates, the UK, Taiwan, Chinese and China, Hong Kong SAR, which together accounted for a further 26%.

Export Prices by Country


The average export price for gasket, packing, and sealing device stood at $27 per kg in 2017, therefore, remained relatively stable against the previous year. Over the last four years, it increased at an average annual rate of +4.3%.

Export prices varied noticeably by the country of origin; the country with the highest export price was Australia ($85 per kg), while the average price for exports to Taiwan, Chinese ($4.7 per kg) was amongst the lowest.

From 2013 to 2017, the most notable rate of growth in terms of export prices was recorded for supplies to Colombia, while the export prices for the other major destinations experienced more modest paces of growth.

Imports into the USA


In 2017, the amount of gasket, packing, and sealing device imported into the U.S. stood at 113K tonnes, therefore, remained relatively stable against the previous year. The total import volume increased at an average annual rate of +1.8% from 2013 to 2017; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period.

In value terms, imports of gasket, packing, and sealing device totaled $1.4B (IndexBox estimates) in 2017. The total import value increased at an average annual rate of +1.4% over the period from 2013 to 2017; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, imports of gasket, packing, and sealing device attained their peak figure at $1.4B in 2015; however, from 2016 to 2017, imports stood at a somewhat lower figure.

Imports by Country


China (30K tonnes), Japan (24K tonnes) and Germany (11K tonnes) were the main suppliers of imports of gasket, packing, and sealing device to the U.S., with a combined 58% share of total imports. Taiwan, Chinese, South Korea, Costa Rica and Viet Nam lagged somewhat behind, together comprising a further 26%.

From 2013 to 2017, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Viet Nam, while the other leaders experienced more modest paces of growth.

In value terms, Japan ($356M), China ($300M) and Taiwan, Chinese ($180M) constituted the largest gasket, packing, and sealing device suppliers to the U.S., together accounting for 62% of total imports. Germany, South Korea, Viet Nam and Costa Rica lagged somewhat behind, together accounting for a further 20%.

Import Prices by Country


The average import price for gasket, packing, and sealing device stood at $12 per kg in 2017, increasing by 3.6% against the previous year. In general, the import price for gasket, packing, and sealing device continues to indicate a relatively flat trend pattern.

There were significant differences in the average import prices amongst the major supplying countries. In 2017, the country with the highest import price was Taiwan, Chinese ($18 per kg), while the price for Costa Rica ($5.2 per kg) was amongst the lowest.

From 2013 to 2017, the most notable rate of growth in terms of import prices was attained by Viet Nam, while the import prices for the other major suppliers experienced more modest paces of growth.

Companies Mentioned in the Report


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

Source: IndexBox AI Platform

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


The report provides on a comprehensive study of the U.S. gasket market. 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 largest players in the industry.


Countries coverage: the U.S.


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


Data coverage:

• Gasket market size;

• Gasket 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 gasket industry;

• Number of establishments and their locations;

• Employment data;

• Gasket industry productivity.


Reasons to buy this report:

• Take advantage of the latest data;

• Find deeper insights into current market developments;

• Discover vital success factors affecting the market.


This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.


In this report, you can find information that helps you to make informed decisions on the following issues


1. How to diversify your business and benefit from new market opportunities

2. How to load your idle production capacity

3. How to boost your sales on overseas markets

4. How to increase your profit margins

5. How to make your supply chain more sustainable

6. How to reduce your production and supply chain costs

7. How to outsource production to other countries

8. How to prepare your business for global expansion


While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2025
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

This Chapter is Available Only for the Professional Edition PRO
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

This Chapter is Available Only for the Professional Edition PRO
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

This Chapter is Available Only for the Professional Edition PRO
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2013–2018
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2013–2018
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
Table 1:
Key Findings In 2018
Table 2:
Market Volume, In Physical Terms, 2013–2018
Table 3:
Market Value, 2013–2018
Table 4:
Per Capita Consumption In 2013-2018
Table 5:
Imports, In Physical Terms, By Country, 2013–2018
Table 6:
Imports, In Value Terms, By Country, 2013–2018
Table 7:
Import Prices, By Country Of Origin, 2013–2018
Table 8:
Exports, In Physical Terms, By Country, 2013–2018
Table 9:
Exports, In Value Terms, By Country, 2013–2018
Table 10:
Export Prices, By Country Of Destination, 2013–2018
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2013–2018
Figure 2:
Market Value, 2013–2018
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2013-2018
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2013-2018
Figure 5:
Trade Balance, In Physical Terms, 2013-2018
Figure 6:
Trade Balance, In Value Terms, 2013-2018
Figure 7:
Per Capita Consumption, 2013-2018
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2013–2018
Figure 21:
Production, In Value Terms, 2013–2018
Figure 22:
Imports, In Physical Terms, 2013–2018
Figure 23:
Imports, In Value Terms, 2013–2018
Figure 24:
Imports, In Physical Terms, By Country, 2018
Figure 25:
Imports, In Physical Terms, By Country, 2013–2018
Figure 26:
Imports, In Value Terms, By Country, 2013–2018
Figure 27:
Import Prices, By Country Of Origin, 2013–2018
Figure 28:
Exports, In Physical Terms, 2013–2018
Figure 29:
Exports, In Value Terms, 2013–2018
Figure 30:
Exports, In Physical Terms, By Country, 2018
Figure 31:
Exports, In Physical Terms, By Country, 2013–2018
Figure 32:
Exports, In Value Terms, By Country, 2013–2018
Figure 33:
Export Prices, By Country Of Destination, 2013–2018
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