Global Gaskets & Seals Market to Exceed US$32 Billion by 2015, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Gaskets & Seals market. The global market for gaskets & seals is projected to exceed US$32 billion by the year 2015. Strong demand from developing world is likely to drive market growth. Demand for innovative products that offer improved performance continues to push manufacturers to stress on R&D, and advance their product capabilities.

Gaskets & Seals: A Global Strategic Business Report

The demand for gaskets and seals in US and Europe slowed down in 2009 due to the impact of global economic recession on the regions. Market growth in these regions has been moderate over the recent years owing to market maturity. Growth in the global gaskets and seals market is expected to be fuelled by strong demand from emerging regions. Manufacturers of gaskets and seals continue to increase the use of high-quality raw materials for delivering products with superior functionality and longer life. Some of the materials that are fast gaining acceptance include urethane, TFM polytetrafluoroethylene, microcellular foams, and expandable graphite.

The United States represents the largest gaskets and seals market globally, as stated by the new market research report on Gaskets & Seals. However, emerging markets such as Asia-Pacific are expected to drive growth in the global market for gaskets and seals. Automotive constitutes the largest end-use industry for gaskets and seals worldwide. Innovative technological developments by OEMs are slowly extending product lifetime, thereby reducing demand for replacement components. Process industry represents the second largest end-use market for gaskets and seals worldwide. Mechanical Seals constitute one of the key segments in the seals market.

Key players profiled in the report include Federal Mogul Corp., Flowserve Corp, Henniges Automotive, Hutchinson SA, Flexitallic Group, SKF Group, John Crane Ltd., The Freudenberg Group, EagleBurgmann Group, and Trelleborg Sealing Solutions among others.

The report titled “Gaskets & Seals: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the global gaskets and seals market, current market scenario, key market trends, product introductions, recent corporate initiatives, and focus on major and niche market participants. The study analyzes market data and analytics in terms of value sales for global as well as regional markets including the US, Canada, Japan, Europe, Asia-Pacific, Middle East and Latin America by the following product segments - Gaskets (Non-metallic and metallic gaskets) and Seals (Mechanical and other seals) markets. End-use markets analyzed include automotive, process and refinery, pumps and valves, pulp and paper, shipping and marine, and other gaskets and seals markets.

For more details about this market research report, please visit –
http://www.strategyr.com/Gaskets_and_Seals_Market_Report.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 800 people worldwide and publishes more than 1100 full-scale research reports each year. Additionally, the company also offers thousands of 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
Email press(at)StrategyR(dot)com
Web Site http://www.StrategyR.com/

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